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  1. OldFaithful

    Ahoy

    INTRO 
    Greetings & welcome from another Fastlane rookie. I too am in the Physical Products sphere. It's a small section of the forum, as most are into eCommerce, or so it seems. I hear that the big players in the Physical Products are "Insiders" but I've not taken the leap yet. I have much to learn and...
  2. OldFaithful

    Patents and China

    HOT! 
    +1 on this. Good advice. https://www.thefastlaneforum.com/community/threads/sharing-my-lifetime-experience-in-export-import-product-sourcing-specialist.55062/ Excellent thread. @Leo Lex , your concern is quite common in the field of Physical Products, but not necessarily so for those in...
  3. OldFaithful

    Leasing Question

    No one has any experience with this??? Well anyway, I've been doing a little research and gleaned the following. Just thought I'd share this anyway, since it seems like it could be quite helpful. THIS POST IS ENTIRELY OPINION AND SHOULD NOT BE TAKEN AS FACT. NO LEGAL/TAX ADVICE IS BEING GIVEN...
  4. OldFaithful

    Examples of adding value in a business

    Quote: I wonder if we should include "how businesses leave money on the table." Great idea, @StompingAcorns. That could be an entire thread all on it's own. Sorry about the format, for some reason the reply feature isn't working for me today.
  5. OldFaithful

    Examples of adding value in a business

    This is fortuitous. Just this morning I was thinking about a company I'd worked at that had some interesting ideas. Adding value to the suppliers (aka employees): 1) Quite often, 1 of the 2 business owners would bring in a couple boxes of ice cream bars on a hot day. (Always the same partner...
  6. OldFaithful

    The Cross-Roads: Choosing Between Two Paths

    MINDSET RANT 
    Having recently read several posts by @Vigilante and @Esquire about legal issues, I'll just add this as a reminder to all. Even if the prospective client clarifies an issue over the phone, if the contract is not changed...then the conversation never happened. If there is something in the...
  7. OldFaithful

    So Simple... It's Beautiful

    HOT! 
    So, what happened here? Are there any updates to follow? Dead? Inquiring minds want to know...
  8. OldFaithful

    Am I on the Right Path?

    Very good points here. I'd also encourage you to be careful in the selection of your manufacturer. You want a manufacturer that will be your "partner" in this venture, and who wants you to succeed. If you succeed, then by default they will succeed too. If the product sells well, a mfg with less...
  9. OldFaithful

    How do I learn about the packaging industry?

    I'm sorry, I thought you had developed this concept. Turns out that a university owns it... That was certainly misleading & potentially deceitful. I hope that was not your intention, because if it was, you need to spend some time thinking about what you're bringing to the table before you...
  10. OldFaithful

    In Transition

    INTRO 
    Hello, and welcome to the forum! Since you've just stumbled onto the site, it's appropriate that this 1st suggestion is to read the book the forum is based on, "The Millionaire Fastlane". Then see if anything has changed for you. Good luck and Godspeed.
  11. OldFaithful

    How do I learn about the packaging industry?

    Thus is just like any other physical products company, aka manufacturing company. If you've read the book, then you understand the value in reviewing the CENTS for your idea. Remember to plan accordingly if a Fastlane project is your goal. The paths to freedom are numerous. I don't know much...
  12. OldFaithful

    Where Can I Find Better Quality Friends?

    HOT! PEOPLE 
    @Amazonian_Chimp, I've been thinking a lot about similar issues lately, though moving isn't an option for me right now. I've come to the conclusion that I need to be working on me and not worrying about other people. The old adage says something along the lines of "to have a friend first be a...
  13. OldFaithful

    No, Robots are not taking your job.

    HOT! 
    I don't hear any complaints that we no longer have to: Clear the land. Plant our own grains. Harvest & grind them to make our own bread. Tend and raise our own animals, just to slaughter them by hand for our own meat. Plant cotton, pick it by hand and make our own clothes. Or raise sheep for...
  14. OldFaithful

    How do you deal with competitor disparaging your products

    This is sooo NOT fastlane behavior. Please read the book and reconsider. Please no one actually do things like this. This is just the type of thing that has motivated our culture to label all businessmen as greedy, manipulative crooks. I can only hope that this was posted in jest. Our time and...
  15. OldFaithful

    HELP! Choice between sole or co-ownership for web business

    PEOPLE 
    I've quoted this post before, but I'll refer to it again. Before you take on a partner, may I suggest you read this GOLD thread? https://www.thefastlaneforum.com/co...-but-am-happier-and-stronger-than-ever.62925/
  16. OldFaithful

    Weeee--thump. Plane Fare

    Well, don't keep us in suspense. What did you do to get from to ?
  17. OldFaithful

    Weeee--thump. Plane Fare

    If this is truly so critical to the future of your fastlane project, there are several options available to you. Let me preface this by saying...I only endorse borrowing for projects that have a definite payback & in a very short time frame! Options: 1) Make it a genuine challenge to spend...
  18. OldFaithful

    What would you do with free barns?

    Warehousing may also be an option. You'd need good access to a paved road, a loading dock, etc. It is done here locally...
  19. OldFaithful

    When to tell people you have a business?

    PEOPLE 
    I like this because it's so true... But this made me laugh out loud because it's so true...
  20. OldFaithful

    How do you tell if an idea is a good idea before investing time and money?

    IDEA 
    Here's my 0.02 FIRST Write down all your ideas in a list. SECOND Take this advice from @Evil_Jester and evaluate each idea by these 5 commandments. If the idea fails any of the 5 mark it off the list. THIRD Pick the 1 idea that you think has the greatest potential. Focus on just this 1...

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