- Joined
- Jul 25, 2007
- Messages
- 1,380
There are some long term and experienced part-time makers who think they could do 40 per week (2000 per year) if they "went full time" but most who try discover they've underestimated the endeavour...
I think Nathan hit the nail on the head. You approach your question the same way you approach any business strategy question. Specifically, you gather data, acknowledge that the data is inherently incomplete and flawed, and use that data as a starting point to establish your prices and business plan. After a year minimum, you now have new data - your records - that is accurate. You then use that new data to adjust your pricing and business plan. Repeat.
The wildcard is vendor delays, vendor errors and unforeseen setbacks. Outsourcing heat-treat is great - until Peters is running weeks behind schedule. CNC'ing the blanks is great - until your motherboard craps out, or your end mill snaps, etc. Waterjet cutting is great - until the mixing tube snaps and half of your $2500 plate of tool steel is scrap. In these scenarios, you can usually recover the lost money, but you can't recover lost time.