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  1. RobD88

    Inventory Management

    Many new or inexperienced entrepreneurs may not have much experience in operational aspects of a business like inventory mangement. Here is a quit hit on the subject. The Role of Carrying Cost in Inventory Management & Profitability Carrying cost refers to the total cost of holding inventory...
  2. RobD88

    What's your opinion of this bath box concept?

    First, I agree with @Roli, site takes too long to load. I also find the "win a free bath bomb" pop up coming up on every page rather annoying. If I click the "X" once that should be it. As for your box, do you plan on selling your own branded product? I personally wouldn't pay for a box filled...
  3. RobD88

    Please help with insight on new business

    I agree with @JohnnyAppleseed . So long as you're bringing value to the market it shouldn't matter. I have a teenage daughter too and while I haven't walked a mile in her shoes it's not hard to see things from her point of view. If you have a compelling message and good product or service go for...
  4. RobD88

    Reflections on Entrepreneurship in 2018

    MINDSET 
    Love the part about setting personal boundaries. Too many dream killers out there.
  5. RobD88

    16 years old looking for advice

    INTRO 
    depop, mercari, poshmark, letgo, thredup
  6. RobD88

    16 years old looking for advice

    INTRO 
    I'm not sure what would work in your market or with your specific resources and/or abilities. My kids (about your age) have started with flipping used clothing. They find name brands at the local thrift stores, on Ebay, or at swap meets & flea markets and sell them online for pretty big profits...
  7. RobD88

    Never Would Have Thought...

    INTRO 
    You're probably not wrong on the common sense thing. That's for darn sure. The world needs more people like you.
  8. RobD88

    16 years old looking for advice

    INTRO 
    Keep reading but start doing as well. Pick something. Try it. If it doesn't work learn from the mistakes. Tweak it. Try it again. Try something else. Make mistakes. Learn. Adjust. Keep trying. Keep doing. Don't stop until it works.
  9. RobD88

    Giving Back, Creating Value, Making it Personal

    EXECUTION 
    One of the things that struck me in Unscripted was MJ's suggestion about keeping your business personal and not looking like a corporate monolyth. He pointed to the Stur drink enhancers story and how their "about us" page told a story and made consumers feel like they could relate to these...
  10. RobD88

    Fell into the Video Game Trap

    HOT! 
    I'm so glad my video game days are over. At 47 I lost the itch years ago when Civilization III was a top game. That kept me up at night. Today's games are so much more advanced I can see how they would be addicting and mezmerizing. Now I'm addicted to working on my biz and this forum. I guess...
  11. RobD88

    Scientist - How do I get out of the slowlane while still doing what I love?

    SIDE HUSTLE SLOWLANE 
    Holy smokes! I wish I had your skillset. You have the technical ability you need to develop something new or improve on something existing. There is no reason you couldn't/shouldn't be using that to your advantage. Use your scientific skills to bring value to the marketplace in the form of a...
  12. RobD88

    I want to be world-class but don't want the world-class effort! Tell me how!

    MINDSET RANT 
    I'm a newbie here and just getting started on my FL adventure and even I know this tennant. I've already seen a dozen or more posts from people begging for the step by step how to like they didn't read the books and get the message. I actually find it sad.
  13. RobD88

    What's your job ? What do you do?

    HOT! 
    Sourcing & Supply Chain Operations for a global consumer packaged goods company. Which is why I had one of those "slap my head...I could have had a V8" moments after reading TMFL & Unscripted. I have built a deep base of contacts, sources, and knowledge over the last 20 years and could have...
  14. RobD88

    To have more you have to become more. Don't wish it was easier make yourself better. Don't wish...

    To have more you have to become more. Don't wish it was easier make yourself better. Don't wish for fewer problems. Create more skills.
  15. RobD88

    first_up introduction

    INTRO 
    Very well said. Welcome to the forum. I'm fairly new here as well. While I've always had an entrepreneurial spirit an kept a notebook with various business ideas I've never had the motivation to move forward until now. Pretty much for the same reasons you share. One way I've come up with...
  16. RobD88

    What's your Lambo? What's your WHY or PURPOSE?

    NOTABLE! CHAT 
    It's really just a metaphor. I would keep busy. Just with stuff I want to do rather than what I'm forced to do on someone else's clock.
  17. RobD88

    Sourcing from China is old news, Vietnam new news?

    HOT! SOURCING 
    They don't have an "alibaba". You would have to do your sourcing search traditionally, research, make phone calls and email inquiries. But google makes that pretty easy. Not only is the exchange rate good but import duties are generally lower (depending on goods) and their labor rate is actually...
  18. RobD88

    Sourcing from China is old news, Vietnam new news?

    HOT! SOURCING 
    This is what I do in my daily slow lane job...sourcing. Vietnam is on the rise but to @MattR82 's point, their business sense is horrible. Africa is emerging as a reliable manufacturing source and the Domincan Repubic is great and much closer to the U.S. if that's your target market. And to @MJ...
  19. RobD88

    Advice on dealing with Frustration

    Breathe... Seriously, that's the best advice I can give. Frustration is a state of mind. Realizing that whatever is bothering you is a matter of your perception and how you are reacting to external noise. Slow down, breathe, deliberately change your mindset. If some of the other advice here...
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