Ever since I was little, I knew I wanted to own my own business and be self made. Throughout high school I was a member of FBLA, future business leaders of America, and I initially attended Shippensburg University for Finance. Lately I have been overcome with work and school and have not thought about this topic.
However, I though long an hard today about how I actually want to start my own motorcycle business. I have come to the realization that I would need to develop it nights and weekends while being an employee for another company for income. Rome was not built in a night and neither really was any business.
SO…long story short, this is how I am going to develop a business.
- Finish my education ($30,000)
- Invest time in learning specific aspects of chassis design so I can design the frame of the motorcycle (a lot of nights and weekends)
- Invest in a lathe ($1000–$3000), welder ($1000–$4000), and motorcycle lift ($500-$1500)
- Build and test a prototype ($5000)
- Critique and refine prototype build into a sellable product ($2000)
- Market as a custom design vehicle until enough orders come in to supplement my income from my day job (no idea and a few years)
- Leave said job and invest my time fully into the company to design different types of bikes for customers (a lot of time)
This is the general steps I came up with on the way home from the gym. If it turns out I am within the cost ranges to do this, I am looking at $39,500-$46,500 in money and years of work. I expect this to take anywhere from 10–15 years to complete. In such time I hope to maybe work for companies that allow time and convenience for having a family. Lets see what happens. Bring on life.