• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 40,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

  2. Forum *Official* Book Discussion
    Can't Hurt Me by David Goggins

    The forum has voted to discuss this book. Grab it, discussion begins soon!
    Can't Hurt Me, by Goggins

Invention

Discussion in 'General Entrepreneur Discussion' started by Timmy1990, Jul 27, 2018.

  1. Timmy1990
    Online

    Timmy1990 Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    282
    Likes Received:
    404
    Joined:
    Jun 12, 2018
    Gender:
    Male
    Location:
    Australia
    Rep Bank:
    $1,915
    Hi guys I have an idea, a new invention in fact.

    it meets every commandment of
    Control
    Entry
    Need
    Time
    Scale

    The only problem is as this product does not exist yet, how would i go about making it a reality?

    do you simply go to laboratories and tell them what you need them to do or create?

    I am a bit lost! how will i go about doing this without them stealing my idea?

    Do i need to patent it beforehand?

    Kind Regards.
     
    Mattie and Arun Siva like this.
  2. Arun Siva
    Offline

    Arun Siva aspiring 大君 of the bourgeoisie Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass Summit Attendee

    Messages:
    1,129
    Likes Received:
    1,781
    Joined:
    Aug 31, 2016
    Location:
    NORD-TRONDELAG
    Rep Bank:
    $12,060
    You need to have a comprehensive plan to get a reputable manufacturer to take your product seriously. It is just pure economics. You need to be able to sell a good/ well sourced, well supplied factory with a set of detailed drawings and markups, CAD images (may or may not be mandated depending on the type of your product), and maybe you want to have an effective sales pitch if you want it to be manufactured in the USA. (if overseas then a different ballgame) there are a few similarities between getting products made initially domestically or internationally, however after these initial discussions have occurred it takes a big turn in different directions from there. Again this is all just broad generic stuff I am stating.

    Do you have models, prototype(s) and a stable (revisions already addressed and kinked out design issues) print of your idea? Do you have that patented? Do you know what components it entails and whether or not you will be able to change if necessary? Do you have the necessary niche market identified? Before these are fully addressed then you can consider the costing aspect of it, and what a manufacturer or supplier will need in terms of quantification to take your product seriously into consideration for their planning and scheduling. Also your print or model markup needs to be as fully detailed as possible this way a potential supplier can tell you UPFRONT whether or not tier 2 or sub-suppliers need to be utilized for certain acquisition of raw material components or processes (for exmaple, machining, welding, heat treatment, brazing, soldering, plastic injection molding, packaging even, etc etc) there are a myriad of factors that need to be taken into consideration before you embark on this journey.

    Feel free to pm if needed.
     
    Late Bloomer likes this.
  3. Late Bloomer
    Offline

    Late Bloomer Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    952
    Likes Received:
    1,256
    Joined:
    Apr 17, 2018
    Gender:
    Male
    Rep Bank:
    $7,648
    Timmy, did you make exactly the same post in three different categories? Or is the forum software weird in how it's showing just one post?

    It would be nice if we could consolidate this advice to one thread that could be a useful resource over time. I thinkg How should I do the design process? might be a good place.
     

Join 1000s of entrepreneurs who are rewriting life's script and winning financial freedom.

---- ----

You must be a member to join the conversation.

Create Account

Join the community fast and easy!

REGISTER

Log In

Already have an account? Login here.

LOG IN

Share This Page