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PARKED
Hi everyone,
I've just finished reading The Millionaire Fastlane , and this is my first post here.
I've been kicking around an innovation idea that I think could seriously improve and possibly even revolutionize modern fitness equipment, and I had a few questions/thoughts that I would love a little bit of insight and help with.
I've set up a meeting for next week with a product development company here in Austin. My thought as to the best plan of action is to develop the idea a little further and get a stereolithography, 3D-printed prototype ready. With this, I would pitch my product to various local gyms with hopes of gaining interest / orders, allowing me some capital to move forward into full-on product development/pitches to larger gyms.
Does this sound like an appropriate plan and/or does anyone have suggestions or ideas? Is there anyone here who has experience dealing with product development companies?
When should I be considering incorporating myself and which type of incorporation (C, S, or LLC) seems like a good fit for what I'm trying to do?
If anyone has any answer/thoughts/ideas or anything of the sort, it would be extremely helpful, I don't have very many people I can bring this to that I would trust, but I figure this place is a pretty good start!
Thanks!
I've just finished reading The Millionaire Fastlane , and this is my first post here.
I've been kicking around an innovation idea that I think could seriously improve and possibly even revolutionize modern fitness equipment, and I had a few questions/thoughts that I would love a little bit of insight and help with.
I've set up a meeting for next week with a product development company here in Austin. My thought as to the best plan of action is to develop the idea a little further and get a stereolithography, 3D-printed prototype ready. With this, I would pitch my product to various local gyms with hopes of gaining interest / orders, allowing me some capital to move forward into full-on product development/pitches to larger gyms.
Does this sound like an appropriate plan and/or does anyone have suggestions or ideas? Is there anyone here who has experience dealing with product development companies?
When should I be considering incorporating myself and which type of incorporation (C, S, or LLC) seems like a good fit for what I'm trying to do?
If anyone has any answer/thoughts/ideas or anything of the sort, it would be extremely helpful, I don't have very many people I can bring this to that I would trust, but I figure this place is a pretty good start!
Thanks!
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