Thinking of starting a new business
An associate and I are considering starting a new business together. Products will include cnc machines for the home hobbiest and small shop. These are to include scratch built and retrofitted routers / mills / plasmas, etc.
We feel the knowledge between us is solid, and have a good business plan in place. Simply, we are looking at the market right now to see if it will support it. One problem we have is that both of us work real jobs and connot commit to making this our soul income earner at this time, and hope this will not be to much of a problem. Technical support if needed can still be provided by email or a previously agreed upon time for a phone call. This we hope would be satisfactory.
We have the facilities, decent cash flow and tooling. All expenses would be out of pocket with no debt to the company. To us this is the best way to go at least until the market has been established.
Our first product would be a CNC Router built with linear guides, rack and pinion on x & y, screws on Z, servos etc. A 4' x 8' machine to start around 10k. Our market for this product would be direct compitition with Shop Bot, Ez Router and the likes. We also feel we would have better pricing as well as a better product due to better components.
We would provide an ala carte type product allowing you to build / buy what you want from just a plans set up to and including a fully assembled and tested machine.
Thoughts and input are appreciated.
Thank you
Check out what I am working on at www.routerbitz.com!