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  1. Mikkel

    strong desire to come out of rat race

    INTRO 
    Welcome to the forum. Where in India are you from? There are a lot of international companies looking at India for trade and manufacturing. A lot of people live in India, but there is also a lot of opportunity if you can position yourself as a trustworthy person to do business with and be able...
  2. Mikkel

    i want to start webcam modeling to fund my idea, your thoughts please

    LANDFILL 
    This is pretty sad to see. It seems that more younger people find this to be an acceptable route. I'm glad to see that this forum mostly did not find this idea to have any merit. I doubt that would be the case on a forum like Reddit... I know. Low bar. Why should you stay away from this? It is...
  3. Mikkel

    (Slow Burn) Starting and Fastlaning a snack & nutrition brand.

    EXECUTION 
    There are certainly different ways to approach this. Personally, I have seen myself and others get so focused on building an audience or branding, that we forget about the most important part of the business, which is the product. If you are trying to build a community so you can figure out what...
  4. Mikkel

    (Slow Burn) Starting and Fastlaning a snack & nutrition brand.

    EXECUTION 
    You seem to be doing a lot of work on aspects of your business that won't do anything if you never get your product right. I've read Ryan Moran's book about starting a business, but making a product can take a long time. Just my opinion, but instead of dividing your time up making FB ads...
  5. Mikkel

    Starting a product-based business

    EXECUTION 
    Not trying to sell you their course, as I don't work for them, but they also have a monthly plan as well that isn't listed on their website. That is what I am doing. If you are planning on manufacturing rather than licensing, I'm not sure how much value you will get, but if you are curious...
  6. Mikkel

    Starting a product-based business

    EXECUTION 
    Thank you for your service I am right there with you about staying stateside, there are a lot of benefits to having it made in the US. I will say, it is not always so easy. The two things you may have difficulty with are finding a low enough MOQ (minimum order quantity) as well as the cost per...
  7. Mikkel

    Starting a product-based business

    EXECUTION 
    Develop a plan, before you start spending more than pocket change. What is your goal for this product? Are you trying to license or manufacture your product? Licensing is lower risk but lower reward while manufacturing is the inverse. Depending on which route you decide, the process will become...
  8. Mikkel

    Starting a product-based business

    EXECUTION 
    Is this a product that would be brand new to the market, or are you improving on an already-created product? Make sure you do your due diligence, nothing is worse than creating a kickass prototype, only to find out it already exists. What are some of the things you are confused about?
  9. Mikkel

    Scared shitless to quit my job

    MINDSET EXECUTION FEEDBACK 
    It is a job, it's not like you're not giving up your left kidney or something you can't replace. I bet you, you could find 5-10 other jobs who would be willing to hire you if things fall through. Quitting your job is only stupid if you have no plan. If you have a plan, execute it. If you need to...
  10. Mikkel

    The Journey of Building and Selling a Physical Product

    HOT! EXECUTION 
    This is not to sway you away from your original idea if you believe developing the plate cover and selling it is better than licensing. However, IF you think licensing the tech out is the end goal, then why not go straight for licensing? It should be pretty simple to find the potential...
  11. Mikkel

    The Journey of Building and Selling a Physical Product

    HOT! EXECUTION 
    If you decide to go with this concept, could this be better packaged for licensing out your technology to major car companies if it doesn't already exist? I'm assuming every major car company already has high-grade sensors. You could probably file a PPA for the utility of sending a signal to...
  12. Mikkel

    NJ/NY MEETUP

    MEETUPS 
    Not sure if there is a planned meet-up time. I still gotta see what my schedule looks like, as my schedule is in a bit of limbo at the moment, but August 5th/6th would probably be the best weekend for me.
  13. Mikkel

    I NEED A GUIDE

    INTRO 
    You read the book. You have had your eyes opened. Now it is time to look around. You found a forum with some of the best threads on business. Read them. Ask questions. Find what interests you. Once you figure out how to provide value, execute. You will probably fail a few times, and that is...
  14. Mikkel

    [TFLF Call Replay] - For teens & students getting started

    NOTABLE! HOT! MEETUPS 
    I should be able to make it
  15. Mikkel

    NJ/NY MEETUP

    MEETUPS 
    I might be around, depending on the day.
  16. Mikkel

    I'm thinking about starting a porn business but would it be morally ok, and is the competition to high?

    IDEA LANDFILL 
    My guess is you will probably have a wife and family in the future. That is my assumption. Let's fantasize on the off chance you just happen to make that $10-20 million. Are you going to be proud of your accomplishments? Will you be honest with your wife on how you made your money? Are you going...
  17. Mikkel

    Do I need an NDA for hiring a product designer?

    QUESTION 
    I probably would. It doesn't hurt. Go online and just download an NDA template specific for product designers/inventors.
  18. Mikkel

    [HELP][Serious Advice] Cluster Headaches and Fastlane

    INTRO 
    Ya. I certainly agree with the sentiment. No reason you should be drinking your own urine. The whole statement of Trying to remove toxins and then drinking urine is totally counterintuitive. When you urinate, you release uric acid. The body releases the uric acid because it is a toxins. So you...
  19. Mikkel

    [HELP][Serious Advice] Cluster Headaches and Fastlane

    INTRO 
    Life sometimes deals you a poor hand. Part of life is to learn how to deal with the hand you are dealt and overcome the struggles that come with it. If you feel bad for yourself or self-limit yourself you will only worsen your life. My suggestion is this, find the good in your life and focus on...
  20. Mikkel

    Trying to figure out what i want to do for a business

    IDEA 
    You could also provide a service of 3D printing. I know personally I was recently in the market for rapid prototyping. I am currently working with a local designer for that reason. If you want to create products to sell, you can look only at what other people are making with certain materials...

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