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Starting a foam products line

Discussion in 'Business Models, Niches, Industries' started by Stig Marko, Jul 1, 2018.

  1. Stig Marko
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    Stig Marko PARKED Read Millionaire Fastlane

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    Hey awesome Fastlaners, I’m considering starting a rubber & foam products line in my country in Africa. I’ve some creative ideas for some products that people need in their daily lives here. I’ve never started a business before and thus, I could use some advice.

    I’m working on a list of all the foam manufacturers in my country (I can’t deal with factories abroad because shipping and customs can easily make my expenses jump 4-9 times here).
    I'm emailing first because those factories are hundreds of miles away and I have a disability that would prevent me from commuting regularly.

    My plan is to email those manufacturers, and see which of them is willing to experiment with my designs, has the materials I need and would offer me a fair price to make those designs.

    Please, feel free to add any feedback to my plan.


    Here is my question. How do I make sure that the manufacturer won’t sell my designs and the results of our experiments to someone else?

    Should I ask him to sign a non-compete clause and an NDA?

    If yes, then should I do that from the very beginning?

    I’m not sure many manufacturers would like that.
     
    Last edited: Jul 2, 2018

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