How would you get into the biz?


I'm really NOT soliciting here.

I'm just thinking about how VERY difficult the high end speaker business is. It is the electronic equivalent of opening up your own restaurant. Very hard, laborious, risky, and full of nefarious types. Kind of like the concrete business. :)

What do you think are the best and worst ways?

Best,

E
erik_squires
How do you make a small fortune in the audio biz? 


Start off with a big fortune.

1. Know the basics of economics 2. Have a thought-out business plan 3. Know how much you need to maintain your lifestyle 4. Know who you are trying to sell to 5. Know how your design is better than the competition. This should keep you busy for a while...
There is no good way, its a dying thing totally replaced by iphone and 10$ earbuds .
Eric, I see the real problem as the large number of other co.s with significant engineering talent and other resources already occupying the space.

maybe local boutique type market?
@erik_squires 
@randy-11

I have no doubt that Erik can design a top notch speaker that will compete... I think the issue lies is that as an unknown,  you have to clearly build something that is extra ordinary or a huge value that isn't normally done... To build a GREAT 2 way at a decent price will be very hard to compete with, You'll certainly sell a few, but I wouldn't plan on making it rich that way.  Just too many out there already doing it.