I have given this some thought, "I should hope so". A new gun shop opened about 6 months ago, and I became friendlly with the owner slowlly. He is a competition shooter, ex special ops, Fbi trainer, and more. Thing is he's a not an experienced businessman. He is at the point where he doesn't have inventory, He get's a lot of calls, "I am in and out often", but must tell the client that he can get them the gun in 2 days. Maybe he has 20 handguns. Mainly he is into AR's and tactical shotguns, and modified custom stuff. He showed me his latest build, an AR, made to fire ak rounds. It was done very well. He is good with tools and is working on a new type supressor and some stuff for the AR. He makes a lot of cool things.
What I proposed to him was, I will put money in to the business to buy inventory, "guns that sell" and we split the profits on those. I will have nothing to do with any money he owes for anything. He sold out at every show that he did, but doesen't know really how to lay out a budget and has no marketing skills, "no website, no ads in local anything", and he is on a street that you need to know he's there to find him.
Basically, if he has guns, he sells them and needs capital to get back on his feet. I would start small with him just to see how it goes, and spend time there every day, do the shows, and marketing, That is my thing, I did all the ad work for 5 business I owned in 45 years. I know how to build websites, and also am great with people and getting a human intrest storys in local press.
I think it has tremendous upside, all his friends are "good people" and that says a lot, They are most all ex military or current. He hangs with special ops, guys he served with and is very moral, "I am pretty good at reading people". So please tell me any downside you see as several of you have been there, done that. I believe in listening to people who I respect, there are a few of you whose opinion I value, so if you have a mind to, tell me what to look out for, thanks,
Gym
What I proposed to him was, I will put money in to the business to buy inventory, "guns that sell" and we split the profits on those. I will have nothing to do with any money he owes for anything. He sold out at every show that he did, but doesen't know really how to lay out a budget and has no marketing skills, "no website, no ads in local anything", and he is on a street that you need to know he's there to find him.
Basically, if he has guns, he sells them and needs capital to get back on his feet. I would start small with him just to see how it goes, and spend time there every day, do the shows, and marketing, That is my thing, I did all the ad work for 5 business I owned in 45 years. I know how to build websites, and also am great with people and getting a human intrest storys in local press.
I think it has tremendous upside, all his friends are "good people" and that says a lot, They are most all ex military or current. He hangs with special ops, guys he served with and is very moral, "I am pretty good at reading people". So please tell me any downside you see as several of you have been there, done that. I believe in listening to people who I respect, there are a few of you whose opinion I value, so if you have a mind to, tell me what to look out for, thanks,
Gym