| GUYS THANKS FOR THE INFO YOU SENT ME . NOW FOR MY | NEXT QUESTION. HOW DO I MARKET MY COMPANY? WHERE | DO I BEGIN TO LOOK FOR NEW CUSTOMERS WILLING TO TAKE | A CHANCE ON A NEW COMPANY WITH NO PROVEN TRACK RECORD? | WHAT ARE SOME OF THE QUESTIONS I'M GOING TO BE ASKED? | ALSO SHOULD I TRY TO DO SOME OF THE MORE ADVANCED PCB'S | ON A SMALLER SCALE OR SHOULD I CONCENTRATE ON MEDIUM | VOLUME, EASIER TO ASSEMBLE PRODUCTS? MY TECHNOLOGY | WILL BE SOMEWHAT LIMITED, ANY CLUE AS TO THE DIRECTION | I SHOULD GO? |
Reading the posting by Earl, Scott and the other king-pins, all of the good / great advise has been given.
Having started a few small business' myself and watching things grow including the outlet of cash flow and minimum incoming cash, I can only advise you to structure your new venture by first contacting an honest accountant that can review all of your cash dealings.
You will be responsible to yourself, family, employees, and creditors. There will be many nights spent looking into space and wondering why did I do this.
Most start-ups never get off the ground and the ones that do usually have a failure rate of over 50 % the first three years.
If you make the three year mark you more than likely will be on a growth plan that will require finding additional cash to keep things moving. This is where you must be extremely careful not to fall into the "Big Guy Syndrome".
Once you have made the five year plato you will should be in good status and will cut your workweek back to 80 hours.
A few rules I established when venturing into a new business.
TEN CUSTOMER COMMANDMENTS
1 Ask the Customer What they want and give it to them 2 Do the right job the first time, every time 3 Under promise, over deliver 4 Whe the CUSTOMER asks, the answer is "YES" 5 Every EMPLOYEE who deals with CUSTOMERS MUST HAVE THE AUTHORITY TO HANDLE COMPLAINTS
6 Encourage your CUSTOMERS to tell you what you are doing wrong 7 Measure Everything 8 Pay people (YOUR EMPLOYEES) like partners 9 Show your people respect. Be polite. It Works 10 Learn how the best really do it -- then improve
Good luck with the fantastic venture and keep us informed of your progress...
Just my two cents! regards,
Wayne
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