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There are multiple items Vapor needs to clear up to make a run of this. First and foremost is that they need to make good to all of those that have been waiting for years before they start working on new orders. I endured a 40 month wait to receive a satisfactory pair of speakers. 40 months!!! I had serious doubts for a while that I would ever see them and that I would be out all of the money for my speakers. I counted 5 of the 10 items in the list that Phil posted that were problems during my build. That is a recipe for failure. If they believe otherwise, it will be a short run during this reboot. Building great looking and sounding speakers, which they do, is not enough. Now, perspective owners are being asked to shell out a lot more with no guarantee that any of the issues have been resolved. It is a deep hole to dig out of. Imagine having 10k or more tied up in a pair of speakers and not having them for a year or two or three or more. Then, when you try to find out what is going on with your investment, you can't get in touch with the company. I am not trying to stir things up either, but perspective buyers need to be aware of all sides of the story before investing that much money. Tread carefully.
If anyone in the SF Bay area would like to hear what some of these speakers sound like, send me a PM.
Ryan hasn't taken a new order since before the death of his wife. He's not going to until every build in the queue is completed, and he's doing it all by himself.He's still working with lawyers to resolve the wrongful death of his wife who was the major breadwinner for the couple. Who knows when that will be over with. He didn't receive a death certificate from the state of Ohio for almost a full year. How would you guys deal with that kind of nightmare?I know the prospective owners are frustrated and they absolutely have a reason to be. They put money down for speakers and expect delivery. But until the lawsuits are over, Ryan simply doesn't have the means to hire help to make things go quicker, and I simply am not around enough to make much difference. I help when I can on the occasional weekend when I'm not on the road, and I do it gratis because I love to make speakers and I like my friend.Patience is the only thing I can suggest for everyone involved. Nothing else is going to get the product in your hands. And when the dust finally settles and things start looking up for a man who lost his best friend and life partner, I've little doubt that the future will be a very different picture than it has been for the past couple years.
If anyone in the SF Bay area would like to hear what some of these speakers sound like, send me a PM.Phil
Unfortunately, what is behind both Vapor and SP Tech's too-low initial pricing ... too low to sustain forward momentum and growth.
Then what is the formula for determining gross margin?
If I knew that my own speaker designing/building enterpise might have succeeded way back in the 70's when I tried to do the same. My speakers were very good, but there wasn't enough profit in the business plan to survive, let alone prosper and grow. I worked long hours, but when I sat down and worked out how much I was making, it looked like $0.75 per hour, if I was being honest with myself and counting all expenses and all my time. This was ridiculous, even in 1976! When I took a job in a hospital just to survive I literally had holes in the soles of my shoes and needed dental work badly! Working for a salary felt like a vacation!What I needed was a business manager to say "You can't do that and survive, buddy. Raise your prices or find another enterpise". I wasn't big enough (or rich enough) to afford one—at least that was my thinking—again, falacious.
Great story - here's some important things for a small business:http://articles.bplans.com/10-things-every-small-business-in-america-needs-to-do/
Assuming you got enough capital to get you through the initial launching step, customer service is Job No. 1.
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