JozzGarage
New Contributor
- Joined
- Oct 26, 2019
- Messages
- 4
Rep Bank
$25
$25
User Power: 125%
A Bit of Back Story:
I'm a 25-year-old young professional with a B.S. in Mechanical Engineering, working as a Quality Engineer at an CNC job shop in Central Wisconsin, unhappy with my current position. I've befriended a old gentlemen and his wife that throughout their life have owned several different businesses most notably one that, when jet-skis (sea-doos) where first coming to market, modified the engines to be high performance race machines. Both him and his wife have since retired and from what they have told me, it is absolutely killing them to be sitting around.
The Opportunity:
He currently rents out his shop to another business that will be moving out at the end of November. Trying to figure out what to do with the location after the current business leaves my name got thrown into the mix. He sprung it on me that he sees great potential in myself and would like to start a business. He would provide the majority of the capital; I just need to provide the idea.
The Problem:
With him being older, and stating that the current times have since passed him by its my job to determine what this business will do/sell/etc. I’m no business man, I do have those right-before-you-fall-asleep ideas but they are more centered around what I know I would enjoy doing not what I know will be profitable. While he assures me that unless my idea is verifiable awful, he will make it work using the "Rolodex" he’s filled over the years.
My Question to You:
Can anyone suggest methods for brainstorming ideas? they don't need to be complex just something that helps organizes a person’s thoughts and make one think a bit deeper. How can I identify emerging markets or validate that a particular business will be relatively possible?
Absolutely any guidance on these would be greatly appreciated and slow the light speed spin my head in is right now.
I'm a 25-year-old young professional with a B.S. in Mechanical Engineering, working as a Quality Engineer at an CNC job shop in Central Wisconsin, unhappy with my current position. I've befriended a old gentlemen and his wife that throughout their life have owned several different businesses most notably one that, when jet-skis (sea-doos) where first coming to market, modified the engines to be high performance race machines. Both him and his wife have since retired and from what they have told me, it is absolutely killing them to be sitting around.
The Opportunity:
He currently rents out his shop to another business that will be moving out at the end of November. Trying to figure out what to do with the location after the current business leaves my name got thrown into the mix. He sprung it on me that he sees great potential in myself and would like to start a business. He would provide the majority of the capital; I just need to provide the idea.
The Problem:
With him being older, and stating that the current times have since passed him by its my job to determine what this business will do/sell/etc. I’m no business man, I do have those right-before-you-fall-asleep ideas but they are more centered around what I know I would enjoy doing not what I know will be profitable. While he assures me that unless my idea is verifiable awful, he will make it work using the "Rolodex" he’s filled over the years.
My Question to You:
Can anyone suggest methods for brainstorming ideas? they don't need to be complex just something that helps organizes a person’s thoughts and make one think a bit deeper. How can I identify emerging markets or validate that a particular business will be relatively possible?
Absolutely any guidance on these would be greatly appreciated and slow the light speed spin my head in is right now.
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