Kicking off our Maker Business series is this piece by Jeffrey McGrew, who along with his wife Jillian Northrup, and their trusty CNC machine named Frank, are a two-person (and a bot) design and fabrication juggernaut. From their design-build studio in Oakland, CA, they do custom interior design, furniture, and such artist wonders as the "Art Golf" course they've set up at Maker Faire. Here, Jeffrey shares some words of advice to those who may be thinking of going "Maker Pro." -- Gareth
Venturing out...By Jeffrey McGrew of Because We Can
We get a lot of friends and folks asking us about how we got started. And we know a lot of folks through the Maker Faire that would love to turn "pro." So, I thought I'd jot down the six big things that I see as being key elements to getting started in such a business. I hope they help, and I'd love to hear more from other folks! [Chime in via comments. -Ed.]
Get as debt-free as possible, and try your best to stay that way. We would have never been able to buy the robot (or CNC machine) and make the jump to working for ourselves had we not had our financial lives in order first. Having six months in savings to fall back on, no debt, other than a half-paid off car loan, and not taking on huge debts to get started, made it possible for us to make a lot of mistakes and learn things instead of going out with a quick bang. I've met a fair number of people who want to start their own business, but simply can't, due to this single issue alone. No amount of great business ideas, hard work, or luck can overcome the burden of an unstable foundation on which to the start. Also, honestly, once you get your business going, you'll find that your priorities, and what you think is important, will change greatly. If you're really happy (which running our own business certainly make us), then you'll need less stuff anyways. So, save your pennies, don't worry about getting the latest and greatest, and pay off all those loans and credit cards before you take that leap.
Plans are worthless, planning is essential. That quote from Winston Churchill sums up nicely a lot of what you'll need to do when you start a business. You don't need a perfect plan, with every step already outlined, in giant Gantt charts. But you do need a plan. And you need to be smart enough to change that plan as circumstances change. Running a business is more like sailing a ship than launching a rocket. What I mean is that you need a plan, and to be prepared, but honestly, at some point you'll just point yourself at the horizon and go. And then everything will change, you'll need to change direction, plans, and ideas. You'll re-aim for that spot you wanted to get to constantly as the world around you changes in response to what you're doing. And heck, sometimes you'll find when you're halfway there, you actually want to go somewhere else. So don't fret too much and over-plan everything (and therefore never get started), or freak out when things don't go according to your plans. But at the same time, don't aim for that horizon without one!
Read more | Permalink | Comments | Read more articles in Makers | Digg this!
