Risks and challenges
Funding is always an issue but even with the minimum of 38,000 dollars, finding a cost effective company within America to do the manufacturing is the next challenge. Then, to convince them that this is a solid, viable product for people everywhere, would be the next hurdle. After that, coming up with the appropriate legal representation for myself and for the product's health and use restrictions ,(So i won't be sued for people's inappropriate use of the product if any). Followed by the distribution process, to which i will then begin by selling products online including the shipping and handling. However, once the sells of the product increases, I will then need to upgrade accordingly. Finally, i'll be faced with the decision to establish my own company, or to try for a licensing agreement with some well known and firmly established business.
So far, from what I've accomplished on my own, is still staggering for me to believe. From the concept, to the drawing board, then actually creating something with your own hands really means a lot to me. Having my mother's past business experience, i have sought ought her advise and opinion regarding certain aspects to this project. But even when i was approached by invent help companies, (including a company that partnered up and helped create the "Ped Egg"). I declined their offers because i had already done on my own what they said they'd promise to do; drawing it up on a 3-d software program, coming up with cost analysis for the product, building a functional PROTOTYPE, creating a successful patent application and what to file it as, and then showcasing to advertise for marketing. The only thing i really haven't done is the showcasing part, instead i have a decent quality promotional video to show my potential investors.
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So in final, i believe that with the success i've made so far, i know i can do this and make this product a reality and bring it to your home.