I am starting this thread because of The Paint Brush Cover Progress Thread. The Paint Brush Cover thread has helped me in figuring out certain steps in building a company and I hope that this thread will help someone else as much as the Paint Brush Cover has helped me. This will be my documentation of success and failure. I started this company with an old engineering friend of mine. I will be keeping this company nameless until the LLC papers are finalized.
I got the idea for this company when I was looking for a specific gift for my dad around Christmas and found only garbage products on Amazon. Nothing that I would spend my money on and few reviews calling it a good product. It is nothing that screams "Millions a year!!!" but I see it as a perfect first company to build and get some income growing that is separate from my current job.
Let me tell what I have already accomplished with my friend and partner of the company. We have used Jungle Scout to research the product and found that money could be made on it. My friend and I proceeded to create a Builder's requirement document to identify exactly what we wanted our product to do. I have filed a name reservation to see if the business name we came up with is available and if it is, will file the LLC paperwork. My partner has begun building a prototype of the device and we are hoping to have a working prototype by next month.
We have just begun to build this company and I have used the Fastlane Forum for a while to gain wisdom from others. This is my chance to give back and to show where we go wrong and where we succeed. Hope this thread helps and welcome to the show.
I got the idea for this company when I was looking for a specific gift for my dad around Christmas and found only garbage products on Amazon. Nothing that I would spend my money on and few reviews calling it a good product. It is nothing that screams "Millions a year!!!" but I see it as a perfect first company to build and get some income growing that is separate from my current job.
Let me tell what I have already accomplished with my friend and partner of the company. We have used Jungle Scout to research the product and found that money could be made on it. My friend and I proceeded to create a Builder's requirement document to identify exactly what we wanted our product to do. I have filed a name reservation to see if the business name we came up with is available and if it is, will file the LLC paperwork. My partner has begun building a prototype of the device and we are hoping to have a working prototype by next month.
We have just begun to build this company and I have used the Fastlane Forum for a while to gain wisdom from others. This is my chance to give back and to show where we go wrong and where we succeed. Hope this thread helps and welcome to the show.
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