Brothers and sisters, friends of old,
Could you give me some advice for starting my own locksmith business?
I was a locksmith at an awesome family business for 20 years. I apprenticed there when I was young and stayed on year after year after year. I loved being a locksmith, and the family I worked for still feels like family to me.
I left for a completely different life - I started working for a marriage restoration organization. I found that my ability to communicate nebulous concepts and also to make people feel safe around me served me very well in this new life. I've been full time with my new company for about five years. But, as the economy gets worse, our customers are starting to dry up. Plus, people are talking to AI about their relationships at a rate that should alarm you. All that to say, it feels like the writing is on the wall.
While I have an excellent skill set (I'm able to repair or replace almost any residential or commercial hardware, even including electric access components, I know how to open safe deposit boxes, etc,) the issue is money and equipment. I have to get a van, an inverter setup, key machines, stock hardware, and build a client base. Fortunately I live near a somewhat populated area in the US Midwest. I could probably get around $50,000 to get started.
My plan would be to start small.; primarily residential stuff and maybe some light commercial. I guess I'm just looking for some encouragement from others that have made the jump working for themselves. I only have a little knowledge of running my own business, it's not something I've ever had to rely on. I still have income from my current job, so I can split my time to build a new business as I lose ground on the other one.
What do you all think? Can anyone give me advice or encouragement? Is there a type of van you recommend for newbies? Thank you so much in advance!