New Topic
Post Reply
Follow Topic
If I wanted to create My own brand, of any given product , within any given industry, would it be possible to outsourse every aspect of the business, specifically all of the day to day resposiblities. From manufacturing and accounting to the sales of the product???
Mike
Actually this mourning I woke up and remembered that I forgot to meantion that I want to outsource Every aspect of the brand from the manufacturing to the distribution with the exception of marketing and promoting it.
As far as keeping the job within the USA, it would be highly considered.
Is there anything that anybody would like to let me know to look out for, any suggestions, ideas.
More importantly is there anybody that would like to partner with me to develop a specific industry brand because I will need assistance.
Mike
because i don`t have the expertise within the indutry I desire to do business..
Is there a better way??
mike
Ok, What I mean is what is your industry? and what is it that you are trying to outsource. My best advise to you is, if you don`t have experience in the industry you are trying to start a business in, first try to get some experience test the waters to see if this is something you want to do for the rest of your life. I mean if things don`t work out you can always close the business. But I`m assuming that if you want to go into business its going to be for the long term.
Your first step into launching your business is:
1. Try working a part time in the industry
2. See if you like it
3. Plan your business
4. Decide if out sourcing is a must
5. offer Great customer service
Mike,
Virtual businesses like you describe are becoming very common. I collaborated with 3 startups recently that use the same business model - I developed products for their contract manufacturers to produce.
You would need to maintain some critical role in the company (probably financial), otherwise if it started working, the people you out-sourced to run it would just start their own similar business.
The hard part to outsource will be the sales, because you will want to find people already making money in the business, and somehow convince them to start selling your new product. To get anyone good, at first you would have to pay them a modest salary with an equity incentive. A independent manufacturer`s rep. (a person who sells products for many different companies) is a good option because they may work on a commisions-only basis.
PM me with details if you need help in developing products and getting them into manufacturing. I may be interested in partnering depending on the opportunity.
Danny, Danny, Danny,,,,
You have no Idea How Long I have been looking to hear that Quote.
PM me with details if you need help in developing products and getting them into manufacturing. I may be interested in partnering depending on the opportunity.
This is the reason why I came to Sun.
Yes, I have already had a few emails from different members who have indicated interest. I don`t want to down play all of the contacts that I have already made.
Nuevolution.....
"Ok, What I mean is what is your industry? and what is it that you are trying to outsource. My best advice to you is, if you don`t have experience in the industry you are trying to start a business in, first try to get some experience, test the waters to see if this is something you want to do for the rest of your life. I mean if things don`t work out you can always close the business. But I`m assuming that if you want to go into business its going to be for the long term.
Your first step into launching your business is:
1. Try working a part time in the industry
2. See if you like it
3. Plan your business
4. Decide if out sourcing is a must
5. Offer Great customer service"
I appreciate everything you said and will explain my motives along with Dannnys` reply.
Danny,
Virtual businesses like you describe are becoming very common. I collaborated with 3 startups recently that use the same business model - I developed products for their contract manufacturers to produce.
I do intend to start with a virtual business but as it grows the percentage of the overall organization, that will remain virtual, will decrease significantly. This is only a starting platform because of its ease of entry and low cost of production; not to mention the huge market and all the other reasons why people do biz on the internet.
1. Outsoucing is just one of my options. Partnering with experts within the specified industry is actually my preferred but I guess it will depend upon the product or service.You would need to maintain some critical role in the company (probably financial), otherwise if it started working, the people you out-sourced to run it would just start their own similar business.
I am weighing towards partnering for a few different reasons.
2. Great Point, your absolutley correct. I calculate that my four main core competencies (as mentioned below) will create my competitive advantage. With success, others with always follow.
Mike`s Core Competencies
Marketing and Promotions,
Program Development
Organizational Development
Idea (Product, Service and Process) Development.
Nuevolution,
Creative thinking is what I like to do and what I`m very good at. I have no intentions or desires to specialize within one industry. (although being a lifelong scrath bowler, I do favor the bowling industry.)
Introduction:
I have several dozen marketing and promotional programs which I have designed or improved upon.
My options are to either find a business that would be interested in paying me for use these programs, or to implement them myself with my own products. I have concluded that the value of these programs will be much greater if they are implemented by me and my partners. Yes indeed that was an open invitation for interested parties to participate.
I have decided to create new brands and use these programs to market, promote these products and services . I will need assistance in the development of this organization and I`m willing to give up ownership to experts within said industries for this assistance.
I have several Programs in which I have designed or improved upon that can create thousands of new businesses, franchises and partnerships. Which will be used also to distribute the above mentioned products and services.
I have many product, service and process ideas which are just waiting for implementation within the above mentioned businesses.
You may question why so many?
Why haven`t you done something before now?
This is one of my weaknesses, or strengths, depending on how you want to view it.
I am an ideas man. I like to create and develop new ideas, programs and processes. I`ll see something and it may not happen right away but within a few minutes, hours or days, a better process, an expansion of the program or just a better way of doing business just jumps into my head. I then have to write it down and develop the idea into somewhat of a marketable program while it`s still fresh in my mind.
Part of my problem is that I could be just finishing up with one idea and another jumps into my head and my need to formulate it becomes more important than the development of the last. I`m not trying to imply that everything I come up with is completely unique. They may be a combination of two or more existing programs/ideas. The problem is that most people are too occupied with their day to day activities that they don`t even see that what is right in front of them, as my last suggestion I have made to my current employer.
This is another reason why I`m looking to partner with others for the implementation of these programs, so I can do what I do best.
Which brings me back to my strength/weakness.
I`m caught in this never ending cycle and I`m willing to make it worth the time of any person who is willing and able to assist me in the development of any one of these programs.
I went into more detail than I intended, But I wanted you all to know where I am comming from.
It has taken me several years to get where I am today and it is time for me to move forward. Even as I sit here trying to close this message, a bowling tournamant idea jumped into my head, a different way of conducting it. New features that will create more benefits for the sponsors, the participating bowling centers and the bowlers themselves.
At the risk of loosing credibility, I will now tell you that by using these programs, I intend to create a private brand and product line in every industry, within every industrialized nation of the world. I realize that this is a huge asperation and I`ve been told that it is to big for me and I agree that it is very large. But if it is organized properly it will be as easy of bowling a 300 on a house shot. Something that may not be easy, but can be done.
I need partners who desire to help in such a task. Whether I find them here or someplace else. I know there are millions of hungry people in this world and it is just a matter of finding them. But I`m starting here with Sun Members first.
Mike
Mike,
What you call outsourcing, I call standard business. Very few companies these days have the financial or managerial resources to accomplish all the tasks that need to be performed within their business. Finding other companies to enact your plan is just good business sense as long as you maintain some level of control and responsibility.
You gave us your "Core Competencies"
Marketing and Promotions,
Program Development
Organizational Development
Idea (Product, Service and Process) Development
You appear to have a strong foundation to build upon as you begin. There are a few other key ingredients you need to add to the formula. Showmanship, and a Gut of Steel are two big ones.
I`ll tell you what my brother and I have done. We started with practically no money but we had what we thought to be a winning idea. (I think you are at that stage now.)
So we built a prototype and tested it, had a friend of a friend who is good at computer aided design draw up our product and then we had a cheap SLS (selective laser sintering if you want to know what that stands for) model made, borrowed some money from (of all people) our mother, whom to this day is our number one investor. Not much really, just enough to get our provisional patent started, and register for a big trade show.
Going into the trade show we had A)A crude working prototype but no available product B) No Manufacturer C) no real idea what our next step was going to be D) Most important, a lot of energy and belief in our product
When the show opened, people with established booths snickered at us openly as they walked by to see our crude booth that resembled a bad high school science fair, but we held fast, ignored them, and soon companies began to realize that our product was something completely new to the industry and that is exactly what we wanted to hear. All we wanted from that first show was some form of acceptance from the marketplace. That told us that we could go forward. By the end of the show we had the respect and even envy of a lot of the people that snickered at us. Note: When Chinese Manufactures start to take pictures, you know you have come up with something special. (BTW, don`t let them take pictures!)
Next step, manufacturers rep. We had several to choose from. The first company we chose, we fired within 6 months because they were as slow as molasses. Money spent on them? $0.00
So we went back to another trade show with the purpose of finding a manufacturer. Bingo, we had more to choose from than we knew what to do with. 6 months later we have a royalty agreement, a product, a box design, a container load of units, and a plan to move ahead. With that one move we were able to give away all insurance liability, manufacturing, and sales responsibilities and at the same time maintain part of the creative development and marketing process which can make or break any product.
So what am I saying? Unless you are a complete social misfit and can`t talk to people to convey your ideas and create some level of interest in your idea, you have to be part of the process early on not only to cut costs, but to ensure that your product is getting the attention it needs and not just a bunch of lip service from people who you are paying to promote your product.
If we left everything in the hands of other people we couldn`t be sure that the message would be conveyed as well. It`s the one thing that we won`t let go of.
So you have a good idea Great. Do you KNOW people would want it? Find out before you take another step. Can you protect it? If not you are probably going to get knocked off (in fact whether you protect it or not you are going to get knocked off) so you have to be quick and discreet, have EVERYBODY sign a non-disclosure aggreement and I mean EVERYBODY.
SO what have I told you?
IF you have a good proven idea AND you are resourceful enough to get things done to a certain point AND you protect your idea, AND you are energetic and can show your product or idea in a way that gets others excited, you can do anything. No, it`s not easy at all, but you know the saying, anything worth doing doesn`t come easy and if it were easy, everyone would be doing it.
I will tell you that software programming scares me. It is for all practical purposes unprotectable. The patent process is so overburdened right now that it takes up to five years to get a patent number. By that time, most software has become terribly obsolete. So often you see companies spending HUGE amounts of time and money to develop a software only to be knocked off and often times, the best thing that can happen is to be swallowed by a bigger fish if it means that they pay you for your efforts. But I think you can do it if all of these things are taken into consideration early on.
Mike, I know you have that one idea that you feel could be huge. I`m glad that you have big and bold ideas about where you see yourself. That`s what people want to be part of. Now you have to find a professional way to present it to them. Most people are reluctant to respond to the "hey I`ve got this great idea" pitch. But if you give them a plan and tell them how they are going to be part of something big that will in time make them money, well.....then you have something.
I would be happy to sign and return a non-disclosure agreement if you are willing to share the basics of any of your ideas. I would be happy to give you my input. I guarantee you that I am no thief of other people`s property. Our product has been knocked off by a bigger company and we are furious about it and I can`t imagine doing that to somebody else. However, you really don`t know me and I would understand if you chose not to.
Best of luck to you Mike, perhaps we will be able to talk more later,
~Eric
shortened version and reply
Post Reply
