Risks and challenges
There is the potential that this business may fail. An initial hurdle is to get the space fixed up and to secure a permit for operation. If there is more work to be done than expected, that will cause a delay in the start of the business or in potentially needing to look for a new space, or not being able to move forward at all.
Additionally, as a start up, there is the possibility of cash flow problems which would also cause delays in the opening of Benicia Makerspace. I continue to be on the look out for possible funding sources such as corporate sponsorship as well as grant writing opportunities.
There is also the possibility that there will not be enough customers to support the operation of the business. I have been teaching in the community for about 6 months and have some students who will follow me. Until the space is launched and things get going, it is difficult to predict the level of customer support. I have plans to promote to customers and would continue to come up with new ideas and experiment with what works best to engage my customers to take classes at Benicia Makerspace.
It will take time to fully stock the materials, supplies, tools and equipment for the Makerspace, so initially it will start with some basics and grow from there. There will be some initial class offerings, and some initial open hours to work on your own projects. The hours and offerings will increase over time.
I am committed to making this project work. I am passionate about science education and about getting more people interested and engaged in science, technology and engineering, especially girls. I am well connected in the local community as well as in science education, which will support me when things get difficult.
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