Make an effort to learn as much as you can about pinsetter maintenance and lane conditioning. If you want to succeed you must believe that you will never learn everything there is to learn in these areas.

I assume you properly studied the area and did due diligence. Part of this is learning about your competitors and know their strengths and faults well. Use this information to your advantage by copying what they do right and improving upon what they do wrong or where they fall short.
Don't think that offering low prices and under cutting your competition is the way to go. When starting up a new business you must cover your expenses and be prepared to not operate with a profit for several years. People don't come right away because you built it. Also once you give it away, the value is depreciated if not lost all together. Plan ahead carefully and raise lots of capital for unexpected expenses and as a safety margin for the tough startup phase.
BowlingFans.com is primarily for bowlers and bowling fans. You might want to read the forums on
Bowl-Tech as they are more aimed at proprietors, managers, and mechanics.