I`m new to this forum and am excited to have become a member. I have been pondering a business for a few years now. I have previously owned a business, and it did well, and could still be doing well, just wasn`t "me" and eventually I lost interest.
Remember, both of these are a passion of mine. I`m fortunate to have found something that I can see myself doing everyday for as long as I live and continuously become happier. I loose sleep thinking of these! Problem is, can`t decide what to keep as a hobby and what to turn into a living.
Motorsport/Recreational Vehicle and Accessories Dealer.
Basically I would be selling ATVs, motorcycles, snowmobiles, golf carts, ect... A big part of business would also include accessories such as performance parts, safety, clothing, and even a full-service shop for machine repairs and upgrades. Eventually, I would like to create an online store selling this inventory also.
Some potential problems I see. I`m not sure how manufacturers work but I`m going to assume only so many dealers are allowed per zip or county. (For brand new models) In my area there is two within four miles, and approx 40 within a 45 mile radius.
However, considering most require a minimum of $250k liquid and an actual storefront, I will have to start with used machines. This might be good. Not very many dealers carry a large used inventory around here.
Some things that might help me stand out are the `for the enthusiast, by the enthusiast` type of feel that will surround the business. There will also be a `dyno` machine that will allow me to tune and sell dynoed machines.
I spend much of my free time sketching or creating sculptures out of metal. I have yet to sell a completed piece, but I haven`t tried either.
I have researched quite a few metal artists and they seem to being doing well for themselves. Better than the general artist community I would say.
I have considered this as a career or business however I wouldn`t have the financial security I need. I need to see projected earnings.. ect...
Nor do I see myself fitting into the artist stereotype. I usually don`t over-analyze anything art, I don`t even care for the traditional art like paintings and such. Just have a passion for creating from my imagination in metal.
Does anyone think selling used machines is a good way to start?
Does anyone think I should just pursue the metal art?
Does anyone believe I could use my metal art as a means to raise some capital to start the ATV business?
Any feedback, good or bad would be great!