Happy New Year to you all.
My name is Armond and I`m glad I found this website and forum....I only wish I`d found it earlier (i.e. some years ago).
A little about me. I live in Los Angeles. I`m a mechanical engineer by profession and special in 3D modeling and design of products. I`ve worked in the automotive, aerospace, space, consumer product, and food and beverage industries design products and working projects at various times through my career. I possess a master`s degree in mechanical engineering from Virginia Tech and a bachelor`s degree from Cal Poly Pomona in aerospace engineering.
I`ve had a feeling and want to work for myself for a VERY VERY long time. It`s long overdue for me. Given my personality, I`ve come to realize I`m a people person, I`m very active, very hands-on....abit of a contradiction of personal traits when working with engineers (for whoever has will know what I`m talking about!).
I`ve tried my hand in a couple of ventures which one was good for a while and the other never took off (literally!).
My first venture was an online business selling imported Brazilian bikinis on Ebay Stores. While it was good for a while, my supplier simply couldn`t get the items to me for a price that justified my resale prices (they were quite low for the quality and style...great bikinis). I tried to get a new supplier but to no avail.
The second attempt was to try and purchase an already pre-existing business (which was 90% online, 10% store-front) that had ALOT of potential and a good customer base. Without getting into too much detail at this point, I tried my best to sell the business to several banks...all of which claimed that they were NUMBER 1 in helping small businesses and so on. Even with good numbers, and great business expansion plan that I wrote up, they treated me like dirt and basically stated "No House? No Money..."
After that experiecne, I felt extremely let down and disappointed. I think it`s fair to say that anyone in my position would have felt the same way. I had income comiing in from my work, the business showed BLACK and was positive, if not phenomenal, and my impression of "land of opportunity" is basically washed up.
Watching shows like "The Big Idea" by Donny Deusch where he brings people who`ve made it big with big money backing, lots of investors, and so on...and promotes them as being "dreamers" and "entrepreneurs of which YOU can be too", doesn`t help at all.
Well, I`m here to develop new networks and skills so that I can try again for the future. I have a great idea for a coffee shop but I want to learn how I can get different forms of financing and avoid banks, how to go about opening up such a store, where, etc...
I hope I can learn these things in the next few months so as to finally turn in that resignation letter and work for myself and really enjoy what I`m doing.
Thanks and I hope to talk to all of you on a regular basis.
"It`s better to remain silent and be thought a fool than to open one`s mouth and remove all doubt."