The history of business on lovers to craft begins in California when the former Metal processing teacher Jim Newton, who left his post of teacher at the local college, came up with a wonderful idea for business.
He founded the original commercial club-master and called it Techshop. The undertaking arose by itself – the teacher who had depressed without his favorite business suddenly realized that there are quite a few people around them who have such feelings. Miracle Masters for a moderate fee of $ 30 dollars a day made it possible for dozens of self-taught craftsmen to realize many of their bold technical ideas. By the way, the club was equipped with the latest technology: starting with cunning machines and ending with 3D design utilities. By the way, all equipment is used and was purchased by Newton at sales or from friends.
This business is a rare example of combining pleasant and useful: Jim Newton not only cares about business development, but also leads courses among beginners in his workshop. Money for creation, and this is about 300 thousand dollars, he found in the business angels. This turned out to be a very profitable investment, considering that Newton has now has more than 200 customers. Moreover, this number is constantly increasing. Despite the fact that the workshop can accommodate up to 500 visitors, Jim Newton is seriously thinking about expanding his job and already looking for a more spacious room. Plans for the future – the creation of a whole network of such clubs.
Business on lovers of crafts pay off already with the amount of annual income of 500 thousand dollars. A competently organized business allows you to help out more than 750 thousand dollars a year. This is largely due to the lack of any competition in the services market. Of course, all this is good. But each business has its own pitfalls, and the case of Jim Newton is no exception. For example, safety. After all, it is no secret that work with mechanisms refers to the category of the most dangerous for humans, so the costs of safety costs cannot be avoided here.
The constantly growing rental fee is another factor that is difficult to keep under control. In conditions when membership fees gather from customers once a year, it is increasingly difficult to plan the income and expenses of the company. Despite this, Jim Newton looks at the future with optimism and believes in his business and its stable profitability, because the assessment of the current state of affairs of the workshop gives reason to suggest future profitability in the size of at least 25 percent.