The Great Real Jock Entrepreneurs Challenge: More thoughts

  • conservativej...

    Posts: 2633

    Nov 27, 2010 9:15 PM GMT
    Ok. I'm about to crash here but I wanted to start the second thread before I sign off.

    Anyone who is looking at trying to start a venture where something will be manufactured (and in some ways this applies to service industries as well) needs to think about when they have cash needs and how that cash is obtained and applied.

    Initial, in the planning phase you should begin to formalize that raw projected cost data that you assembled in your pro forma statemewnts. You will need to identify the skillsets required to cover various things like identifying a plant location, dealing with local government entities, etc. You will perhaps need temporry office and staff to push that aspect forward.

    At this point you will also begin zeroing in on the time aspect of your startup. As an example, how long will it take to obtain equipment? Does equipment extist or is it something you must design?.

    You need to refine your business model at this point. You will likely continue to review the model until you are deeply committed to move forward. Once your operation is running, maybe at 20% capacity, continue to review your status in terms of comeptition and build out a fall back plan should major difficulties appear (as in the collapse of mortgages for the homebuilder.)

    Just general tho9ughts guys. I'll try and log in anc check posts from time-to-time.
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    Nov 27, 2010 10:33 PM GMT
    I want to start a restaurant called "Not Another Douche Bag Restaurant."
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    Nov 27, 2010 10:55 PM GMT
    JAKEBENSON saidI want to start a restaurant called "Not Another Douche Bag Restaurant."

    While I can't say I've ever been, and I doubt it will be successful in the long run, at least Dick's Last Resort seems to have been a successful novelty concept where apparently the job of servers is to insult you.
  • conservativej...

    Posts: 2633

    Nov 28, 2010 6:18 PM GMT
    utahguy saidI have been considering starting company that builds wheelchairs.

    Hum. Any unique design not presently on the market? One of the things I dislike about the ones that will sit and spin is that the frame is still way heavy. That reduces the distance it will go between charges.

    E-mail me privately with more info. Send it to the address.

    How difficult would it be to build a prototype if you had a machine capable R&D shop? Bu that, I mean can you do that with assistance?
  • conservativej...

    Posts: 2633

    Nov 29, 2010 10:00 PM GMT

    Thanks you guys who participated!!!!!

    Of the six or so inquiries one individual had an existing business plan with significant financial information in place. Perhaps there is something in the water there, but the plan originated in Texas.

    I'm going to pick this one up.

    If you are underway with some idea and a set of rough numbers, please make contact. It is very difficult in these times to find viable businesses in which to invest.

    Also, I'm going to broaden from manufacturing to software. This can be a software product or website.

    Keep that entrepreneurial spirit guys!!!
  • conservativej...

    Posts: 2633

    Dec 16, 2010 3:44 PM GMT
    Just a quick update:

    One of the challenges of a startup that involves plant and equipment is building or locating an existing facility in which to operate. We were able to close on a facility that was shuttered almost 18 months ago. The local labor pool has worked in support of the defense industry and is well prepared for the new work. The local DOL is assisting in identifying new hires.

    We have completed equipment layout and spec and orders should be placed early next week. We expect deliveries of the first machinery in late February or early March. Total investment should fall around $17MM. This does not include working capital.

    On the marketing side, we are negotiating contracts with two OEMs to supply replacement components of our design.

    It is always great to see what can be done with that stuff all the liberals think is of better use in the hands of their crooks in Congress.