should i buy my own bicycle repair stand?

The stuff you call advanced is VERY basic... repairs 101.

If you don't have a bike stand you don't repair bikes in any meaningful capacity, so NO, don't buy a stand. If you choose to buy a stand you'll be VERY disappointed unless you get a good one. Consumer versions cost about $150 OR MORE while shop grade stands easily cost $400 OR MORE.

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If you have to ask, you have no business trying to run a repair shop.

First rule of opening any business. Invest in the proper equipment to perform the prescribed task properly. You can't work professionally on a bicycle without a stand.

Yes before you ask in the next question, you need a truing stand to properly true a wheel. No you don't do it by looking at the brakes as reference.

I suggest working in a bike repair shop first. Learn what repair techniques and equipment you'll need to eventually open your own shop. A business course would be another good thing to consider.

I bought a good work stand and it makes all the difference in the world. You want something that is stable and wont move. I bought the Park Tool PCS-10 and it's solid as a rock. You don't want to scratch up someones bike or have it fall off. For tuning derailleurs you can use trainer to hold the bike. You can find used ones on Craig's list the resistance unit doesn't need to work.

http://www.amazon.com/Park-Tool-PCS-10-Mechanic-Re...

This RAD one doesn't look too bad. First time I ever seen it.

http://www.amazon.com/RAD-Cycle-Products-Bicycle-A...

If you are working on bikes every day, you need a good quality repair stand. A cheap one could damage someone's bike

sure

why not?

but spend $150 and get a good one

wle