Hello guys, new in this forum.
Hoping to find and seek advise from everyone about business or even life.
I've been through a lot of businesses and mostly they failed. And after reading a few books, I came to realize its because I've had wrong business partners and not the wrong product. I've pictured and imagined a lot of brands, envisioned brand missions etc, only to fail. But I've learned a lot in those years.
Let me share my businesses and how they failed:
1. Private game server - I was an addict gamer before and saw the potential of having my own private server and make the server the best amongst the others. The problem I had was I dont know anything about coding, programming etc. So I found a person to do it, and of course, my money went down the drain. I already knew it would fail, but I hoped. My lesson, was that I should really know the business I am in to.
2. Home-made Almond Milk and other vegetable milk - at that time there was not really a demand for non-dairy milk since people weren't that health conscious and it wasnt the trend. Also, my product had a fast expiration from the date of production. A few years later, a lot of home grown brands are doing this but until now I havent heard of my other "flavors" still. Only the Almond Milk. Anyway, my product wasnt stable enough because I didnt have the money to consult a professional on how to prolong and stabilize my mixture. I also had to go on an internship. (My career line is culinary)
3. Knife Bags - since I am in the industry already, I was thinking I should make knife bags made of both synthetic and hide leather to provide chefs and culinary students since there are only rubber and plastic made bags for knives here in my country. I think it was a promising business but of course, again, my supplier couldnt meet my standards therefore it always took us 3 weeks to produce a batch of nicely made knife bags/rolls. The problem for me was lack of sourcing for a better supplier. I couldnt buy a machine because number 1, its too expensive and I dont know how to sew. #2, its hard to find a sewer. #3, I had a day job so I didnt have the time to market my product well or rather I dont know how to properly market it.
These are just some of the businesses I ve tried, during the period that I was 20-23years old. I have tried importing/exporting products too.
I am looking forward to reading your thoughts, or similar experiences to mine and how you surpassed the challenges that came across your business.
Thank you! This is inspiring for me- having found a community like this.
By the way, I am from the Philippines.
Sent from my m2 using Tapatalk
Hoping to find and seek advise from everyone about business or even life.
I've been through a lot of businesses and mostly they failed. And after reading a few books, I came to realize its because I've had wrong business partners and not the wrong product. I've pictured and imagined a lot of brands, envisioned brand missions etc, only to fail. But I've learned a lot in those years.
Let me share my businesses and how they failed:
1. Private game server - I was an addict gamer before and saw the potential of having my own private server and make the server the best amongst the others. The problem I had was I dont know anything about coding, programming etc. So I found a person to do it, and of course, my money went down the drain. I already knew it would fail, but I hoped. My lesson, was that I should really know the business I am in to.
2. Home-made Almond Milk and other vegetable milk - at that time there was not really a demand for non-dairy milk since people weren't that health conscious and it wasnt the trend. Also, my product had a fast expiration from the date of production. A few years later, a lot of home grown brands are doing this but until now I havent heard of my other "flavors" still. Only the Almond Milk. Anyway, my product wasnt stable enough because I didnt have the money to consult a professional on how to prolong and stabilize my mixture. I also had to go on an internship. (My career line is culinary)
3. Knife Bags - since I am in the industry already, I was thinking I should make knife bags made of both synthetic and hide leather to provide chefs and culinary students since there are only rubber and plastic made bags for knives here in my country. I think it was a promising business but of course, again, my supplier couldnt meet my standards therefore it always took us 3 weeks to produce a batch of nicely made knife bags/rolls. The problem for me was lack of sourcing for a better supplier. I couldnt buy a machine because number 1, its too expensive and I dont know how to sew. #2, its hard to find a sewer. #3, I had a day job so I didnt have the time to market my product well or rather I dont know how to properly market it.
These are just some of the businesses I ve tried, during the period that I was 20-23years old. I have tried importing/exporting products too.
I am looking forward to reading your thoughts, or similar experiences to mine and how you surpassed the challenges that came across your business.
Thank you! This is inspiring for me- having found a community like this.
By the way, I am from the Philippines.
Sent from my m2 using Tapatalk
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