Starting a high-end audio shop... Am I crazy?


In my mid 40's reaching that mid-life crisis, which is not a myth. Many of my friends are leaving good jobs to start all kinds of wacky businesses. I am actually thinking of giving up a $120,000 yr job and starting a high-end audio retail biz - both online and hopefully later on a brick & mortar store. Have 20 years experience in sales and marketing, and/or design of software, electronics, multimedia, video and financial products including a few years in music retail and production.

Who can share their experience, or advice? Is the markup, distribution, etc of high end electronics similar to that of regular electronics? Any sources of info or pointers, tips, horror stories etc are appreciated.
gdoodle

Showing 1 response by punkawalla

Keep day job, start business on Internet first. Learn tricks of trade, establish contacts with manufacturers, test the Internet with good marketing to see what will be the reaction to your new business.
If the reaction is good, quit your job. After 2 years establishing income on the internet, take another look into opening a retail location. Better still, build a dedicated room and work from home to keep your overhead lower.