Women in Business

The more you talk about an idea, the less likely you are to do anything about it.

Stop talking and do it.

Easier said than done? Maybe but no one said it was going to be easy. Five years WILL pass because time is constant. At the end of that five years you can either still be sitting on your can talking about your great idea or you can be hundreds of thousands of dollars in debt, stressed out and have that product for sale to the public!! WOW!

Way to sell it Jen.

Well, ok, I never said I was in SALES.

Seriously though. If you take small bites and keep your goals attainable, with time, money, perserverance and LOTS of coffee you can accomplish what you set out to do.

There are a few very basic things you should do while researching your idea:

- Pour yourself a nice cup of coffee.
- Set up an LLC or Corp to protect your personal liability
- Secure the domain name of your product (www.blah.com)
- Trademark your product name
- Apply for a patent if necessary
- Do a Business Plan!!!!!!!!!!!!!
- Take a nap
- Decide how far you want to go in marketing and selling your product... Internet only? Global? Local? Wholesale? Distributors? This will dictate how you approach manufacturing etc.
- Figure out how much you think it will cost for the first 3 years of operations and development... Then triple it. Now you are functioning from a real place.
- Go after financing - Angels? Bank Loans? Rich Uncle? Start kissing his hiney now because you will need him!
- Line up a manufacturer - Be CAREFUL of third party "middle men" if using overseas production. They are usually corrupt. Try to work directly with the factory.
- Take Chinese/Mandarin 101
- Take another nap
- Don't forget to take care of yourself. All work and no play makes you a crazy person. Just ask my husband.