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I’m 31, and am currently in the slow lane working as a Project Manager making a decent salary and saving and investing a large portion of my income. While I enjoy what I’m doing, reading The Millionaire Fastlane really exposed many of the problems with this approach and inspired me to start my own business and get into the Fastlane.
I’m currently in the process of becoming a certified firearms instructor with the intent of starting an LLC that provides firearms training.
In terms of barriers to entry, you need to take several courses in order to get the proper credentials. While there are certainly other businesses in the area offering this sort of service, most of them do not have good websites or a social media presence which I have experience with and would be able to provide as well as excellent customer service. Additionally, I would focus on a particular niche - most likely new gun owners.
My plan is to get started by teaching seminars in cooperation with an organization in the area to get further acquainted with the industry, develop ongoing relationships with venues, forge strategic partnerships, and make a name for the organization. During this time I may also provide one on one coaching, but it seems that seminars would provide more bang for the buck (no pun intended.) After this initial period, my intent would be to design my own coursework and put on my own seminars aimed at the niche group I’m going for.
I believe biggest challenge with this business model is going to be scalability and decoupling my time from my income. To address this, my intent is to eventually design online courses targeted to people in states where this sort of training qualifies and possibly bringing some employees on board.
I will be doing this while also working roughly fifty hours each week as a Project Manager until I am hopefully able to grow this business to the point that it can replace my day job. Naturally, this presents some challenges as well.
This will be the first business that I have started for myself, so any feedback, suggestions, or criticisms you may have would be greatly appreciated.
Thanks so much!
I’m currently in the process of becoming a certified firearms instructor with the intent of starting an LLC that provides firearms training.
In terms of barriers to entry, you need to take several courses in order to get the proper credentials. While there are certainly other businesses in the area offering this sort of service, most of them do not have good websites or a social media presence which I have experience with and would be able to provide as well as excellent customer service. Additionally, I would focus on a particular niche - most likely new gun owners.
My plan is to get started by teaching seminars in cooperation with an organization in the area to get further acquainted with the industry, develop ongoing relationships with venues, forge strategic partnerships, and make a name for the organization. During this time I may also provide one on one coaching, but it seems that seminars would provide more bang for the buck (no pun intended.) After this initial period, my intent would be to design my own coursework and put on my own seminars aimed at the niche group I’m going for.
I believe biggest challenge with this business model is going to be scalability and decoupling my time from my income. To address this, my intent is to eventually design online courses targeted to people in states where this sort of training qualifies and possibly bringing some employees on board.
I will be doing this while also working roughly fifty hours each week as a Project Manager until I am hopefully able to grow this business to the point that it can replace my day job. Naturally, this presents some challenges as well.
This will be the first business that I have started for myself, so any feedback, suggestions, or criticisms you may have would be greatly appreciated.
Thanks so much!
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