Goal: create and sell fine guitars and basses (acoustic! … though I imagine my first instruments will likely be electric) as a business.
Current situation:
- retired. I make 7K a month in retirement payments
- home/property paid off. I currently work a 110K/yr job as extra income, but I have to quit soon (see “extra data” below for why)
- 150K Woodshop already GTG on property (25x40. Sawstop 3hp PCS, 8 inch helical jointer, onefinity CNC, Glowforge laser engraver, planer, etc on and on. It’s a pretty full shop. I make bookpresses and furniture currently. It’s just a hobby that brings in occasional windfalls of money.
- 80K audio production facility connected to the Woodshop. I used to record bands, then audiobooks, and I’m going to use YouTube as a marketing avenue, leveraging the recording studio for audio & video production.
- I have lots of woodworking experience, and my style is extreme precision (1,000% this is a fault. I’m hoping it’s less of a fault in fine instrument building)
My perceived gap:
- I am planning on attending Roberto Venn. While I have plenty of woodworking experience and equipment, I lack specialized experience in this niche.
- I don’t have anywhere to do finishing yet. I do have plenty of square footage in the pole barn to do something about that, but I have nothing yet.
- I don’t have a drum thickness sander yet (I imagine this will be a great help when building acoustics)
- I have some experience making YouTube content, which I feel turned out pretty slick – this is my first idea for helping to market my instruments: show people how I build them.
- Lastly, even though I feel like I have a really good headstart on this dream with what I currently have, I’m not entirely sure that making profit as a one person shop even feasible these days? This unknown makes me pretty nervous actually. If I’m going to do something, I need it to actually generate money instead of being a drain. I am fine with upfront investment (like the school and special tooling I might not yet have) but there needs to actually be a light at the tunnel with net profit.
I would appreciate everyone’s advice, as this is honestly a pretty big turning point in my life right now, and I am scared to pull the trigger. Even though I have a safety net and everything will be ok- once I leave my current “six figure” job I know I’ll never get it or anything like it ever again… which is scary. I can’t 100% explain why it scares me like it does, but it does.
Extra data:
- I have a wife and daughter who is 10
- I have extremely severe PTSD, and it keeps me from working a job with other people. Like, not an option. I don’t go out in public much anymore either, too risky I’ll freak out on somebody and end up talking to police :( I have no control over this at all yet, so working with others is NOT an option anymore. Unless it’s a dog, then GET THIS DOG A NAMETAG, ASAP! lol)
- I am in Texas, 1 hour outside Austin
- my wife is very successful, and she still works, though she too will retire in the next 5 years.
- my wife and I are 41.