ForgottenUser
New Contributor
Hello Fastlane Community,
I’m a 15-year-old from Washington State in the United States. I stumbled upon the community when I was looking for a good resource as to how to start a business (go figure). My long term goal is to be financially independent from another person or entity. This doesn't mean shiploads of cash - on the contrary I’ve always done better with less. A sum that would afford me the ability to do as I wish (travel, help others through charity, etc.) would be good.
I’m almost completely new to the entrepreneurial scene. I’ve got a number of ideas, but most of them are filed into a document for later, and I have a singular project I’m working on (and it satisfies NECTS) that will require considerably more skill than I currently have. I plan to spend time reading up on the engineering, business, and coding aspects of the project, but I still have a few questions I’d like answered if anyone would be so kind.
Thank you all and I’m looking forward to being here.
Cheers,
-ForgottenUser
Questions:
I’m a 15-year-old from Washington State in the United States. I stumbled upon the community when I was looking for a good resource as to how to start a business (go figure). My long term goal is to be financially independent from another person or entity. This doesn't mean shiploads of cash - on the contrary I’ve always done better with less. A sum that would afford me the ability to do as I wish (travel, help others through charity, etc.) would be good.
I’m almost completely new to the entrepreneurial scene. I’ve got a number of ideas, but most of them are filed into a document for later, and I have a singular project I’m working on (and it satisfies NECTS) that will require considerably more skill than I currently have. I plan to spend time reading up on the engineering, business, and coding aspects of the project, but I still have a few questions I’d like answered if anyone would be so kind.
Thank you all and I’m looking forward to being here.
Cheers,
-ForgottenUser
Questions:
- I’ve been looking into a field that seems to have very little in the way of competition. Their products are impractical, and fixing that issue would provide massive amounts of value to people. I’m new to entrepreneurship, and I’m curious what sorts of difficulties a business with a mostly unestablished market faces.
- How do I go about navigating IP/Patents and NDA’s with potential manufacturers? How should I screen for manufacturers that are reliable (I’ll likely have my manufacturing done overseas, and I’m in the US)? Any special insight?
- How do you go about developing decent contacts? I’d imagine asking people out of the blue ‘hey help me’ is going to do nothing. They are busy and don’t get anything back, and my credibility is negligible in many people's’ eyes considering age.
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