- Joined
- Jul 22, 2006
- Messages
- 373
Hi Guys,
I'm not a knife maker. I am by some people's opinion a fairly successful business man.
Some of the things I try to always keep in mind.
1. Do what you love. Period
2. Never under estimate your self worth.
3. Under promise, Over deliver.
4. Keep your word No matter what. ( So be very, very careful with what you promise.)
Finally, as a business man you must understand the laws of supply and demand. You guys have a businessmans dream situation. 8 month to 2 year backlogs. That is awesome. But from my experience this presents a basic problem. YOU GUYS DON'T CHARGE ENOUGH!!!
You want to control your demand pressure and still make it financailly rewarding simply charge more. Alot more.
The pressure comes when the rewards don't equal the efforts.
If your stuff is good enough to have people willingly wait those time frames for your knives believe me you can charge as much as double or more what your getting and you will still have plenty of custom work at a manageble quantity.
You will make more money have more time and improve the quality of your life.
Just my 2 cents worth from a different point of view.
I'm not a knife maker. I am by some people's opinion a fairly successful business man.
Some of the things I try to always keep in mind.
1. Do what you love. Period
2. Never under estimate your self worth.
3. Under promise, Over deliver.
4. Keep your word No matter what. ( So be very, very careful with what you promise.)
Finally, as a business man you must understand the laws of supply and demand. You guys have a businessmans dream situation. 8 month to 2 year backlogs. That is awesome. But from my experience this presents a basic problem. YOU GUYS DON'T CHARGE ENOUGH!!!
You want to control your demand pressure and still make it financailly rewarding simply charge more. Alot more.
The pressure comes when the rewards don't equal the efforts.
If your stuff is good enough to have people willingly wait those time frames for your knives believe me you can charge as much as double or more what your getting and you will still have plenty of custom work at a manageble quantity.
You will make more money have more time and improve the quality of your life.
Just my 2 cents worth from a different point of view.