My journey...

[Rob Rokx]

Hi all,

My name is Rob and I am starting a new business. I failed at several businesses already, but I learned a lot from them.
I am posting this because I want to create accountability for myself. Also, this forum is an excellent way to get and stay in contact with like-minded people.

My business is going to target students with concentration problems. I am going to use biohacking to improve their lives. Biohacking is something I am very familiar with, and I firmly believe that a lot of people could benefit from it.

I'm Dutch, and biohacking here isn't as big as in the US. I want to create some publicity around this topic and provide free value by educating students about it. I am currently graduating and I've experienced a lot of students with concentration/focus problems. I'm confident in my abilities to help those students.

The first product that I'm going to sell isn't very creative; it's a brain supplement. I see an opportunity to skew attributes that brands miss out on. The market is quite saturated, but I could be a trendsetter here in The Netherlands by using the complaints of people buying similar products.
My prototype is already on its way, and I will in the meantime build an audience for my product here.

From now on, I'll post regularly to give an update about my process. I will post once a week.

If you read this, thank you for your attention, as it is appreciated! Feel free to open the conversation with me, as I am very eager to meet new, like-minded people.
Good luck on your journey!

Much love,

Rob

 

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[Anon45x4yB]

Hi all,

My name is Rob and I am starting a new business. I failed at several businesses already, but I learned a lot from them.
I am posting this because I want to create accountability for myself. Also, this forum is an excellent way to get and stay in contact with like-minded people.

My business is going to target students with concentration problems. I am going to use biohacking to improve their lives. Biohacking is something I am very familiar with, and I firmly believe that a lot of people could benefit from it.

I'm Dutch, and biohacking here isn't as big as in the US. I want to create some publicity around this topic and provide free value by educating students about it. I am currently graduating and I've experienced a lot of students with concentration/focus problems. I'm confident in my abilities to help those students.

The first product that I'm going to sell isn't very creative; it's a brain supplement. I see an opportunity to skew attributes that brands miss out on. The market is quite saturated, but I could be a trendsetter here in The Netherlands by using the complaints of people buying similar products.
My prototype is already on its way, and I will in the meantime build an audience for my product here.

From now on, I'll post regularly to give an update about my process. I will post once a week.

If you read this, thank you for your attention, as it is appreciated! Feel free to open the conversation with me, as I am very eager to meet new, like-minded people.
Good luck on your journey!

Much love,

Rob

Hi Rob, I’m thankful you share your journey here!

I love to ask questions about failed businesses.
- What businesses were you running?
- What caused them to fail?
- What are the lessons you learned from these activities?

Keep it up bro I’d really like to know more about!!

 

[Rob Rokx]

Hi Rob, I’m thankful you share your journey here!

I love to ask questions about failed businesses.
- What businesses were you running?
- What caused them to fail?
- What are the lessons you learned from these activities?

Keep it up bro I’d really like to know more about!!

Hi Younesbernou,

Thanks for your reply! Let me answer your questions
I first started a business selling CBD drinks. As you can read in my initial post, I am from the Netherlands. The cannabis industry is kind of a grey area here. I REALLY believe in the benefits that CBD could bring to people's lives, but CBD is kinda hard to consume for people. I wanted to make it simpler by making an all-natural drink.
So I branded it and made a recipe, but I had to ask permission to sell it from the NVWA (a Dutch safety institution for food and beverages).
I had interested buyers, and it could come off the ground, but I didn't have permission (yet) and I got the advice to quit the game, because when sales are going up you are breaking the rules. I just didn't do enough research about all the rules surrounding CBD in The Netherlands. It is a very vague and grey space.

Second, I started a job marketing agency. I helped businesses with the right people to work for them. I did this together with a companion. We had some clients and the business was making money, but the work was tedious.
Me and my companion didn't feel satisfied by the work we did. We didn't have the feeling that businesses really benefitted from what we did. We finished the work we started and made some companies a little happier, but we weren't necessary. We wanted to do something way more valuable, and we couldn't accomplish that with this area of work, so we decided to find something new.

So in conclusion:
- My first business failed because of a lack of research. My enthusiasm was too big to see these future obstacles. Although the idea and product itself weren't bad at all, my process was. I learned that I have to make more detailed plans, before I jump into business ideas.
- My second business failed because of a lack of passion and satisfaction. This is a classic example of money-chasing. I knew I could make money by this business model, but the process becomes really tedious when you don't feel valuable.

I hope that you got something out of this post. Don't hesitate to ask me when other questions pop up.

Cheers,

Rob