Shadowskater
06-02-2008, 04:12 AM
Well I am trying to start a company but not sure how. I know I am very young but I have read about many people starting companies and such at very young ages. I just don't know where to start about making a company. I was wondering if there was any one here that had a company that could give me some insight on this.
Pathtek4
06-02-2008, 04:31 AM
As silly as it sounds, you need a business plan of attack.
My advice to you, is to seriously figure out what you would like to focus on. Whether its skateboard products like boards/trucks/wheels, or clothing lines. You are going to need to find out what its going to cost to start the company up, and what your gross versus profit is going to be.
For instance: If you buy blanks $30, put your graphic on them for $10, and then sell your board for $50, your gross is $50, but your profit is only $10.
That will include more, if you go with the trucks/wheels, but only difference is, you aren't going to be able to create your own trucks/wheels, so your going to need to find the cheapest ''quality'' product out there, and work with that.
Look for wholesalers that you can buy in bulk. Bulk is cheaper, and also can help with the possibility of shipping fees being significantly lower. Find out where your focus of selling is as well. Whether its local or global, it will matter in the cost of your company.
Its not easy to start, but it isn't impossible. I can't express it enough that you have to have a plan. Don't just ''wing-it''...The goal is to make money, not lose it.
arto-geoff
06-02-2008, 06:47 AM
maybe study business at school or something first? i have no idea man. good luck to ya though.
punkybambi
06-02-2008, 12:31 PM
you have to buy the things to the brands with a low price cuz you buy in the fabric and you buy more than 3 or 4 an then you cna sold the blanks with a little logo of your brand and this gonna give some money like said Pathtek4 and all agree its hard the first steps but can be a fantastic idea if you do all rigth
Baller
06-02-2008, 12:52 PM
Start off small and work your way up. Like Mike said go out and buy 10 blanks for 100 bucks. Grip em' and sell them for $25. Now on each set of blanks you buy your makeing $150. So eventually work your way up to buying in orders of $1000 and you should be able to buy more. Lets say you can get 200 blanks for $1000. So now you have basically doubled the product that you get for the same ammount of money so your profit will double. In theory you should just be able to keep growing like this but you have to find a market to keep selling to. Good luck man.
10 for $100 (http://cgi.ebay.com/NEW-10-BLANK-SKATEBOARD-DECKS-7-5-BLANKS-DECK-GRIP_W0QQitemZ150245352083QQihZ005QQcategoryZ16263 QQssPageNameZWDVWQQrdZ1QQcmdZViewItem)=$150 in profit
ChinMusic
06-02-2008, 01:33 PM
It's just about buying low and selling high really, but you have to determine all of your costs, both explicit and implicit. Gotta find a way to get your revenues higher than your costs.
jayadams
06-02-2008, 01:40 PM
you could always start pressing your own boards, selling them to neighbourhood people, after you've tested them yourself. Get a supplier of 1/16" canadian maple. Get some Titebond III, and make a strong homemade press. Put glue on the different layers, and put it into the press. Press it untill the glue starts coming out from the sides. Let it dry for a day, and voila, you've made your first board.
Check out various longboarding forums, most of them have a "board building" section with information on presses, anything really.
For wheels, you can buy large quantities of blanks over ebay (I've seen up to sets of 20 sets for 125 dollars). You could figure out how to make a printing device to put your brand name on or something, I don't know.
Ooooohhhh....bearings. Here comes the second best bit (after making decks). One hint... VXB's...the one with the yellow shield...size 608. ebay.
Trucks? NOthing you can do about that in the time being... but I think you know that already.
Hardware? You can buy stainless steel screws and bolts in a local shop and sell em as a set for slightly more... People like em in colour black naturally, so make sure you can get em the way the customers want them.
Decks = should cost around 30 bucks a piece to make. Some people like ordering custom decks... you could make a press which can press larger, wider boards, or smaller, thinnger boards. I'm leaving that up to you, but I'm telling you, you can get paid pretty good for some good customs.
Bearings = cost 8 dollars per set of 8: look at the hints I gave you.
Hardware = should give you some profit.
Wheels = Dual duro's costs around 11 dollars per set excluding shipping. Ebay is the best place to buy ready blanks. Just check it out to make sure.
Cheers =)
Baller
06-02-2008, 03:04 PM
You need a vacuum press to make boards. You can't just take the vaneers and put weight on them. I made one in my engineering class this year. It was a big project and took a lot of time getting everything together. IMO I would just start out buying blanks and selling them for more. But it's up to you. That's the beauty of being an entrepreneur.
soofadude
06-22-2008, 04:40 PM
its cool that ypu are thinking about starting a company