Wasn't sure where to post this, so here we are.
What advice do you wish you had starting out with your FFL or small business in general?
My friend owns and operates a small machine shop. They currently make non-serialized parts for larger firearm/suppressor manufacturers, and performance motorsports. Long story short we're starting a new venture together. We've collaborated on projects before and work well together, but this will be our first business venture. He's the technical CAD/CAM guy, and I'm the crazy idea guy. We're both a lot more than that of course, but that's it more or less. Hopefully we can translate that into a successful business partnership.
He applied for an FFL in Oct for his company, non-stop excuses for the delays from the ATF. "System crashes", "it's the FBI's fault", etc. Doing what bureaucracy is best at, nothing.
We have the basics sorted legally. Working with a lawyer to get all the details hammered out. trying to keep it simple, with room to grow. Keeping it separate from his machining biz, but underneath it's corporate umbrella so to speak.
We're starting with a line-up of accessories while we wait for the FFL. Plan is for the accessories to be the backbone initially, then suppressors. If we manage to succeed at that, we plan on manufacturing our own firearms. It sounds fancy, and hopefully someday it will be. Right now it's two passionate guys with some crazy ideas.
First parts are on their way back from the manufacturer. The in house prototypes are awesome, but for production we are trying new to us processes and materials. Fingers crossed we just need a little tweaking before a full scale production test. We'll be keeping everything pretty close to the vest initially. I've seen too many disastrous launches with canceled pre-orders or pitchforks coming out over delays.
So what do you wish you would have known from the outset?
Thanks!
Vince
What advice do you wish you had starting out with your FFL or small business in general?
My friend owns and operates a small machine shop. They currently make non-serialized parts for larger firearm/suppressor manufacturers, and performance motorsports. Long story short we're starting a new venture together. We've collaborated on projects before and work well together, but this will be our first business venture. He's the technical CAD/CAM guy, and I'm the crazy idea guy. We're both a lot more than that of course, but that's it more or less. Hopefully we can translate that into a successful business partnership.
He applied for an FFL in Oct for his company, non-stop excuses for the delays from the ATF. "System crashes", "it's the FBI's fault", etc. Doing what bureaucracy is best at, nothing.
We have the basics sorted legally. Working with a lawyer to get all the details hammered out. trying to keep it simple, with room to grow. Keeping it separate from his machining biz, but underneath it's corporate umbrella so to speak.
We're starting with a line-up of accessories while we wait for the FFL. Plan is for the accessories to be the backbone initially, then suppressors. If we manage to succeed at that, we plan on manufacturing our own firearms. It sounds fancy, and hopefully someday it will be. Right now it's two passionate guys with some crazy ideas.
First parts are on their way back from the manufacturer. The in house prototypes are awesome, but for production we are trying new to us processes and materials. Fingers crossed we just need a little tweaking before a full scale production test. We'll be keeping everything pretty close to the vest initially. I've seen too many disastrous launches with canceled pre-orders or pitchforks coming out over delays.
So what do you wish you would have known from the outset?
Thanks!
Vince
