JMN
Christian Member
Full Member
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Hey everybody
Been gone for a bit, things have been rather interesting. My boss is now closing down the (nearly full service) lab where I have been for the last 8 years, and moving.
My options look like going for it for myself is the best way to go ahead. I've owned businesses before, just none of them were able to stay open... Electronics repair and Locksmithing just don't have the need they once did with people being willing to buy new cheap junk instead of having things fixed.
My (soon to be ex-)boss is giving me advice, and I've ran his shop for a day or two at a time as well.
Reline and repair are the holes in this area, nobody, and I mean nobody but our lab did them within 50 miles. So I've got a minimalist equipment setup that will grow itself as the work grows and I am going for it. Exit strategy is already done, learned that from the first 2 times(ouch).
What I'm hoping is that those of you who are one the ownership end could tell me anything they wish they had known before they flipped the switch as it has been around 15 years since I tried ownership.
I'll take sarcasm too, heh, there's gold in them thar' quips sometimes.
On collections I've already decided that anyone over 30days is COD, and that is listed on the invoice, and script. The script also says they will indemnify and defend me on any issues arise from work delivered as prescribed.
I can do dentures and partials, and Crown and bridge, and scan/design. It's just not missing in this market and reline repair IS missing. Filling the void sounds much better than fighting for work.
Thank you everyone for teaching me so much on here. I owe you all for letting the world look over your collective shoulders.
Been gone for a bit, things have been rather interesting. My boss is now closing down the (nearly full service) lab where I have been for the last 8 years, and moving.
My options look like going for it for myself is the best way to go ahead. I've owned businesses before, just none of them were able to stay open... Electronics repair and Locksmithing just don't have the need they once did with people being willing to buy new cheap junk instead of having things fixed.
My (soon to be ex-)boss is giving me advice, and I've ran his shop for a day or two at a time as well.
Reline and repair are the holes in this area, nobody, and I mean nobody but our lab did them within 50 miles. So I've got a minimalist equipment setup that will grow itself as the work grows and I am going for it. Exit strategy is already done, learned that from the first 2 times(ouch).
What I'm hoping is that those of you who are one the ownership end could tell me anything they wish they had known before they flipped the switch as it has been around 15 years since I tried ownership.
I'll take sarcasm too, heh, there's gold in them thar' quips sometimes.
On collections I've already decided that anyone over 30days is COD, and that is listed on the invoice, and script. The script also says they will indemnify and defend me on any issues arise from work delivered as prescribed.
I can do dentures and partials, and Crown and bridge, and scan/design. It's just not missing in this market and reline repair IS missing. Filling the void sounds much better than fighting for work.
Thank you everyone for teaching me so much on here. I owe you all for letting the world look over your collective shoulders.