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  1. Mikkel

    Import into US, Manufacturing, Regulations - Brain Dump

    SOURCING 
    Today I had the pleasure of speaking with a patent lawyer. Some things of interest that may be helpful to others. Patents generally are used as a deterrent more than suing companies. The reason for this is the crazy price tag to file an actual lawsuit against a company. Large companies may...
  2. Mikkel

    Fighting CV19: Please send thoughts and well wishes to Greg B (Runum)

    HOT! 
    Congratulations @Runum that is incredible!
  3. Mikkel

    Advice for a 15 year old high school student

    IDEA QUESTION 
    Generally speaking, when your parents decided to have kids, I think they were well aware that it would cost them quite a bit of money. Are you trying to pay off some sort of debt to them or are you trying to be a good son and try and support them when they get older? Well you said it yourself...
  4. Mikkel

    How do I get a physical product up and running? I have two "blockbuster" ideas ready and primed for execution.

    IDEA SOURCING QUESTION 
    @Ian Thompson is great at design, use him as a resource. Also, make sure you pick @RightyTighty 's brain. That will be an awesome experience, get used to asking questions from people who know more than you. When you want to create or invent a new product, there will be different skills you don't...
  5. Mikkel

    Advice for a 20 year old med student

    QUESTION INTRO 
    Finish med school if you plan to be a doctor and stay in medicine, even if that is to start a business within the med field. Don't finish Med school if you are just going to switch industries. The worst thing you can do is finish med school and start some business that has nothing to do with...
  6. Mikkel

    Doctor in engineering lands manager position with 31, gets existential crisis - Blow everything up or continue the silent torture of a mediocre life?

    INTRO 
    Welcome back to the Fastlane. It sounds like you need a side hustle turned fastlane. If you are good at engineering, why don't you invent something of value. You could even pair up with someone who is good on the business side of things and you two can build a solid business where you are...
  7. Mikkel

    Live shopping

    IDEA 
    I believe it is big in China. If you have a personality for video with the entrepreneurial itch it might be a sales channel worth looking into. Just downloaded a few of the apps. I'll take a look at a few of them and see what is typically being sold.
  8. Mikkel

    i'm really scared because i don't know if i'm on the right path, does someone can offer me guidance ?

    INTRO 
    You don't need to fully build out a social media platform before you launch. If you are to do this, you would want to create a minimal viable product(MVP) first. That way you don't have to spend your whole life creating a product just to find out no one cares. Most people don't care about the...
  9. Mikkel

    i'm really scared because i don't know if i'm on the right path, does someone can offer me guidance ?

    INTRO 
    Does there need to be another social media platform? If so, what new value could you provide? Nothing is impossible, but you are up against some stiff competition and a high barrier to entry. If you are already having doubts, you might want to ask yourself why.
  10. Mikkel

    Surgeon Dilemma

    INTRO 
    Recently I left a private outpatient orthopedic company. I was one of many physical therapists at this company. My assumption is you probably specialize in multiple types of surgeries on one or two parts of the body(Knee: Meniscectomy, ACL Repair, PCL Repair, Meniscus repair, Meniscus root...
  11. Mikkel

    How I hope to make the Fastlane Forum help change my life.

    INTRO 
    100% this still works. As a Physical Therapist, I speak with patients all the time. I make recommendations on products nearly every day. I effectively make sales(though I am not getting commissions) in person frequently. With all my practice pitching products to patients, I'm planning to create...
  12. Mikkel

    Are We Obsessed with Hardness and Difficulty?

    MINDSET 
    Human's have the wisdom of many generations. You may be correct, that you can succeed and not have to work hard, however, that is generally not the case. There have been many lazy people who have lived and have died. Their life was a lesson to others. Don't assume so easily that you will be any...
  13. Mikkel

    How I hope to make the Fastlane Forum help change my life.

    INTRO 
    First, don't drop out of school. Finish grade school, if you want to skip college fine, but you are basically done with high school. If you are overwhelmed with options from the internet, just look around your town. What businesses exist, maybe go in and ask to speak with the owner(networking)...
  14. Mikkel

    Import into US, Manufacturing, Regulations - Brain Dump

    SOURCING 
    For those who are looking to import or manufacture products and sell them in the United States, I thought I would provide some valuable information in regards to getting your product ready for market. This is not all-inclusive, but things I wish someone had told me, rather than having to search...
  15. Mikkel

    Moving in with friends to pursue the fastlane? In a new country?

    IDEA QUESTION 
    I don't see a problem with moving in with people that want to pursue business goals. Others on this forum have done the same. You share the cost of rent and utilities. If all 3 of you continue to be dedicated to the grind, then it will probably be of benefit. Watch out if your "friend" and...
  16. Mikkel

    Business Model

    MARKETING 
    Look at all the businesses around you. Every successful business has an entrepreneur who once started and had to build that business from scratch. The question should not be "what business model worked for other people," the question should be "what business model best works for you to provide...
  17. Mikkel

    I have a winner mindset but my family is a 10/10 Loser. how can i deal with them

    INTRO 
    Going to school, though is not Fastlane, is critical. No one wants to work for an illiterate person. You can still learn soft skills while going through grade school, maybe college is not for you, but high school is still important. While you are in school, learn to talk to those slow-lane...
  18. Mikkel

    Accelerate Your New Product Launch: Affordable Strategies, Unique Value Add-Ons, And Expert Engineering Service

    MARKETPLACE 
    Add me to the list of happy customers! Ian has done a phenomenal job, going above and beyond what I had expected. I provided him with a bit more detail than a napkin drawing, but he took the concept and provided some functionally necessary components to the product. The changes he made where...
  19. Mikkel

    How I Found My CENTS Business Model. Tips to Help YOU Find Yours.

    NOTABLE! MINDSET 
    If everyone on their entrepreneurial journey was successful on their first try, the Fastlane Forum would probably not exist. Personally, I think I have failed at least 10 businesses so far. With each failure, I have learned something new and valuable. With each new business I try and start, it...
  20. Mikkel

    Medical industry? How to get in?

    IDEA 
    This seems like a huge task. Both software and a product. Both very well might be required to be labeled as a Medical Device. Check out this YouTube video, the video was directed towards an Indian population so there is plenty that might not be relevant like when they talk about CE, but the guy...

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