if you in car audio or customization please enter!

[kmanian 5,000+ posts]

I am actually getting positive feed back here locally.

 

[blackdragonaudi 10+ year member]

I would not open a business in the economy but that's just me. I have been unemployed for over 7 months now and a good friend of mine has been for over a year. Just to give you an idea of what its like. But I would not.

 

[maximpakt 10+ year member]

They were talking about Fargo on TV a couple of weeks ago as being one of the few places where the economy is booming and unemployment is nill. I guess if you can deal with the weather you've got it made.

I just recently left the Residential contracting and took over a stereo shop and seems to be pretty busy we do tint remote starters alarms and audio so there is still a strong demand for audio with the way things are with the economy around Fargo north daokta now we a lil slow but thats due to major flooding everywhere but its still a profitable biz man

 

[kmanian 5,000+ posts]

I would not open a business in the economy but that's just me. I have been unemployed for over 7 months now and a good friend of mine has been for over a year. Just to give you an idea of what its like. But I would not.

that's kinda the point, stay home and do nothing for however long, or get out and try something. Hell if I had to cut mark-up and labor, to the point that I'm netting $10-15 per hour, it is a hell of a lot better than watching the grass grow and the seasons change. IMO

 

[Maddogg7888 10+ year member]

my friend owns a shop and the best thing i could say is that good work gets good business, it was rough for him starting out cuz he was like you and didnt have his name out there yet, but he started off making some very nice setups for our group of friends, then when people ask them where they got that done, it brings more business to him. Its all about working VERY hard from the beginning, cuz if you shop is shitty to begin with, ur never gonna make it. Its all about reputation

 

[bigbangtheory 5,000+ posts]

I wouldn't do it right now. I have a friend who has been in and out 3-4 times with in the last couple years doing the shop thing. He is currently working out of his garage right now and his big sales are remote starts.......about 95% of his sales. He does systems every once in awhile. Reason he don't have his shops is CA is a dying breed around here anymore. To many DIYers and people who don't want to spend chedder at the locals. Would only do it if the economy turned for the better. I would hold off and do the shitty job for awhile and see what happens.

Maybe go work for a shop and see how they do, then you would see first hand how they are doing in that area. Just because some guy on here states his numbers, don't mean it will be the same where you are.

Just food for thought.

Good luck either way mang. I know you are in a rough spot! Just keep your head held high.

 

[blackdragonaudi 10+ year member]

True me and him have been looking for jobs and found one we are just waiting for when they need us it starts in april 1st. Sigh cant wait to work again.

 

[jiggy2dmax 10+ year member]

There are certain recession shielded businesses but imho car audio is not one of them. I would suggest against it right now but as things start to improve it would be a feasible idea. Car sales are down across the board and new cars would be a decent source of income(remote starts, tint, small accessories, etc.) Certain businesses make a ton of money in recessions and some just dont make it period.

 

[DidUHearThat? 10+ year member]

I make alot more as an employee than when I had my own business. Small business in this country right now is a suckers bet.

If you have cash, you would be better off buying silver coins, real estate, bond and stock picks. Diversify your investments and you'll make more money than you can with almost any small business.

80% of all small businesses fail within 5 years. Most never repay thier initial investment. That's just a fact.

 

[kmanian 5,000+ posts]

I wouldn't do it right now. I have a friend who has been in and out 3-4 times with in the last couple years doing the shop thing. He is currently working out of his garage right now and his big sales are remote starts.......about 95% of his sales. He does systems every once in awhile. Reason he don't have his shops is CA is a dying breed around here anymore. To many DIYers and people who don't want to spend chedder at the locals. Would only do it if the economy turned for the better. I would hold off and do the shitty job for awhile and see what happens.
Maybe go work for a shop and see how they do, then you would see first hand how they are doing in that area. Just because some guy on here states his numbers, don't mean it will be the same where you are.

Just food for thought.

Good luck either way mang. I know you are in a rough spot! Just keep your head held high.

Thank Man!

I would be into customization also, not just CA.

Right now I have a Harley Road King and an 08 Escalade and a Master Craft waiting to be done, if I decided to start up I can hit the ground running.

 

[kmanian 5,000+ posts]

I make alot more as an employee than when I had my own business. Small business in this country right now is a suckers bet.If you have cash, you would be better off buying silver coins, real estate, bond and stock picks. Diversify your investments and you'll make more money than you can with almost any small business.

80% of all small businesses fail within 5 years. Most never repay thier initial investment. That's just a fact.

yep yoru right, but 20% make it! I am knocking on the bottom of the barrel, but I have never been one to shy away from hard work and risk. I have had business that were both sucessful and not, I have been totally broke twice in my life and this being the second time. I have hope and faith that the economy will get better, I don't think Obama is the reason it will, infact exactly the opposite. I am looking at guys much like Jacob (Sundown) this guy is in a time of great uncertainty expanding his line, why? probably not because he thinks the economy is all that and a bag of chips, rather he has a product that is demanded, and service that is impeccable. His # may be down, (or up) but his brand is strong, while other brands are getting their ***** whipped. Why? Jacob holds one of the main keys to success, even in times like these.

 

[bigbangtheory 5,000+ posts]

Thank Man!I would be into customization also, not just CA.

Right now I have a Harley Road King and an 08 Escalade and a Master Craft waiting to be done, if I decided to start up I can hit the ground running.

Well if you have customers in line, that is a good thing.

Not sure how you get your stuff, but my friend orders stuff through this book, forget what it is called and he charges the price off there, which I believe is dealer cost? So they are making out and then he charges cheap labor prices is how he makes ends meet. So I guess if you can do it, then have at it. Usually takes money to make money, least that is how I look at it. I mean if you are so bad off right now, then how much worse can it get? So maybe try it and see how it pans out. Never know, might have have a cash cow, or a money pit. //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif

Good luck as always!

 

[kmanian 5,000+ posts]

Well if you have customers in line, that is a good thing.
Not sure how you get your stuff, but my friend orders stuff through this book, forget what it is called and he charges the price off there, which I believe is dealer cost? So they are making out and then he charges cheap labor prices is how he makes ends meet. So I guess if you can do it, then have at it. Usually takes money to make money, least that is how I look at it. I mean if you are so bad off right now, then how much worse can it get? So maybe try it and see how it pans out. Never know, might have have a cash cow, or a money pit. //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif

Good luck as always!

I have a person that will have a vested intrest, if I decide to move forward. As for being bed off, it is only as bad as you let it get mentally, and I have let it get bad in the past! And as for the duration of my issues, it will last as long as I let it, being stagnant is the true issue, IMO.

thanks again

 

[bigbangtheory 5,000+ posts]

I hear you mang. Just keep pushing forward and never give up.

 

[kmanian 5,000+ posts]

I hear you mang. Just keep pushing forward and never give up.

giving up isn't an option