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Attitudes on Products and capitalism
MINDSETA close friend of mine always says, "Price is only an issue in the absence of value." I've never thought there was anything inherently wrong with free market capitalism. As a producer, I serve the higher end of a small market, and my products are priced above my competition. However, I'm...- Marc B.
- Post #3
- Forum: Mindset and Self-Development
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CADa Dia
EXECUTIONSure. It's difficult for me to distill my complete experience into a few sentences, so I'll answer questions as they're asked. I prefer working with domestic manufacturers whenever possible. The cost is higher, but lead times are shorter, there are no customs charges, material quality is...- Marc B.
- Post #64
- Forum: Process and Execution
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CADa Dia
EXECUTIONYou're too kind, and I'm surprised you found this thread. What drew you to it? Do you have any questions? The products and brand still exist, and I work on it every day. Per my last post in this thread, I accepted a 9-5 to relieve some financial burden. That allowed (and still allows) me...- Marc B.
- Post #62
- Forum: Process and Execution
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IS COVID 19 THE TIME TO FORGE AHEAD?
HOT!@Walter Hay Thank you for the insightful, inspiring post. I absolutely agree that this is the time to forge ahead. My business desperately needed more of my attention in the last few months to grow, but I was crippled by the lack of spare time. The privilege of working from home has been the...- Marc B.
- Post #37
- Forum: General Business Discussion
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How To Block The Naysayers? The younger you are, the easier you're influenced?
MINDSETI deal in data, math, and facts. It is hard to pay attention to baseless negative feedback when your numbers tell the truth. So when someone says, "This isn't working for you," step back to assess the situation objectively. From a business perspective, yuou can quantify sales, satisfied and...- Marc B.
- Post #7
- Forum: Mindset and Self-Development
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Four Years of The Fastlane Forum
GOLD! MINDSETCongratulations on the milestones! It's incredible that you've earned this freedom that you can share with your family. Enjoy it!- Marc B.
- Post #38
- Forum: Mindset and Self-Development
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CADa Dia
EXECUTIONThank you for reviving the thread! The business's growth has been slow and steady. I realized that my niche is small, and my reach is limited, but I've been pouring effort into it regardless. It's become a passion project, and I have no intention of letting it fizzle out. I'm still designing...- Marc B.
- Post #59
- Forum: Process and Execution
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I Have A Productocracy
MINDSETYou asking me? Both gather a bunch of interest, but I think customers prefer the actual product photo because they know it exists. It's not vaporware, and having a prototype usually means you're one step closer to production.- Marc B.
- Post #15
- Forum: Mindset and Self-Development
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Help! Naming my Business
INTROMeganMoney.com "We'll have you megan money in no time!" ...I'll see myself out. Please don't ban me.- Marc B.
- Post #19
- Forum: Introductions
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I Have A Productocracy
MINDSETYou pulled this right outta my head. Having a productocracy is clean, honest fun. You're doing right by your customers and getting rewarded for it. It's an amazing, self-perpetuating cycle of exchanging value.- Marc B.
- Post #12
- Forum: Mindset and Self-Development
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I Have A Productocracy
MINDSETI'll post renderings on facebook and Instagram as a sneak peek. Sometimes I'll write "DM (direct message) for details." I always get responses like "PUT ME ON THE LIST," or "I WANT ONE!" If enough people are interested, I open pre-orders to secure buyers, guarantee them a product. Those are...- Marc B.
- Post #10
- Forum: Mindset and Self-Development
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I've Read UNSCRIPTED!
GOLD! HOT!Finished UNSCRIPTED on Wednesday, littered Parts 3 and 4 with notes, and started going back through them. I found more than a few reminders and actionable steps in this book while reading that made me say "Oh, DUH!" I'd put the book down, make an adjustment, and then pick it back up again...- Marc B.
- Post #407
- Forum: Books and Educating Yourself
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The Reason Why "Good Enough" Is Better Than PERFECT
MINDSETI'm glad you bolded that line. Starting with good enough allows you to build action-taking momentum, but your image and performance is important. If you plan to position yourself as the premium option, you should eventually strive for perfection. My mentor has a hard and fast rule: "Good...- Marc B.
- Post #6
- Forum: Mindset and Self-Development
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CADa Dia
EXECUTIONA friend just bought a new "personal" mill, which is smaller and less powerful than a commercial CNC unit. About $40k installed, and it doesn't make parts as quickly or precisely as the pro mills. We tried a few pieces, which had to be scrapped. It's better to work with a more capable shop...- Marc B.
- Post #56
- Forum: Process and Execution
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CADa Dia
EXECUTIONYes, I have a couple new products planned for this year. One is already made (I have it sitting on my desk, introducing it soon). The other was 3D-printed (prototype) a couple weeks ago, and I'm refining its design. Yes, and I'm working with a friend who is well-connected in those niches...- Marc B.
- Post #53
- Forum: Process and Execution
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CADa Dia
EXECUTIONI really hate for this thread to go stale, so the floor is open for questions. If you see a way for me to add value to this discussion, please chime in. This progress thread changed from a fun exercise to a small business for me. I'm learning every day. My current challenge: Limited...- Marc B.
- Post #51
- Forum: Process and Execution
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Innovating an electronic product.
The "innovate/invent" route is my bread and butter. It's a gas if you love tinkering and putting your hands on physical products, especially those you made yourself. High initial cost, creativity, CAD, and finding great manufacturers are barriers to entry. I'm forgetting more, but those stand...- Marc B.
- Post #6
- Forum: Product Development, Importing, Sourcing
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"Tell me the exact steps" (OK, here are all 67 of them.)
NOTABLE! HOT!I read the book, and I'm ready for step 2. How am I supposed to act?- Marc B.
- Post #17
- Forum: Mindset and Self-Development
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Cardboard manufacturer for Prototype
Cardboard? Maybe, but what about steel or aluminum? I can probably help you out there, or I could point you in the right direction at the very least.- Marc B.
- Post #2
- Forum: Product Development, Importing, Sourcing
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How much sleep do you get?
HEALTHI wake up 6 to 7 hours after I lie down. I'm awake after that, and it's difficult to push it any longer. It's a blessing in disguise.- Marc B.
- Post #72
- Forum: Health and Fitness