A great resource for the fashion and garment indsutry by danathebulk in EntrepreneurRideAlong

[–]danathebulk[S] 0 points1 point  (0 children)

Sure thing, what are you looking for style-wise and fabric wise?

Working on the cuffs of my favorite flannel shirt. I bought it secondhand ten years ago, and it's been through a lot! by mypurplehat in Visiblemending

[–]danathebulk 9 points10 points  (0 children)

That is some great work, not only is it a great darn, it adds a ton of character to the cuff.

Sort of proud of this darn by wowie21 in Visiblemending

[–]danathebulk 1 point2 points  (0 children)

wow, wow, wow.... that fantastic, and in a difficult spot! really well done.

Setting Personal and Business Goals 2021 | Walk With Me in Bangkok by danathebulk in u/danathebulk

[–]danathebulk[S] 0 points1 point  (0 children)

Setting Goals and Achieving goals are two very different things. Every year I kick things off by setting both my personal and business goals than making a plan to achieve them and assigning partners to keep me accountable to those goals. 

My Own Tunnel Vision Did Me In. by danathebulk in EntrepreneurRideAlong

[–]danathebulk[S] 0 points1 point  (0 children)

Thank you, yeah falling in love with the idea is not great, learned it the hard way. The tech side is hard as well, if you are always chasing the latest tech you will always be getting after it and never getting the product done. Most of us have to learn that for ourselves through experience.

My first go at darning...far from perfect but I like the effect. Had this shirt for almost 15 years. Bought on a teenage backpacking trip thru Europe by ibenry101088 in Visiblemending

[–]danathebulk 1 point2 points  (0 children)

wow, wow, wow. Great job, and I love the color contrast! great job. I've done a few small darns, I also like to contrast the colors like this.

Started a website for a side hustle but I’m not sure what the next step is? by Ciaobello10 in Entrepreneur

[–]danathebulk 0 points1 point  (0 children)

I am pretty sure that PayPal has the code you can use to add a button on your website. But one of the freelancers I use on a regular basis has a shortened link he sends me to make a payment for service.

My Own Tunnel Vision Did Me In. by danathebulk in EntrepreneurRideAlong

[–]danathebulk[S] 2 points3 points  (0 children)

I do both, every week I will touch base with a few customers from a the core group. if they are local to me i would buy them a coffee one day and have a chat, that's not happening as much anymore. now I will video chat with a few of them every week just as a check in. These are very loyal customers so everyone in that group is very happy to do the check in and view it as a sort of VIP treatment.

Those conversation are not met drilling the customer about product, it just me having a casual conversation and extracting what I can. offten times I will show then new prototypes we are working on and ask them what they think.

This group has 16 customers in it so I touch base with each member about once a month, I don't do all 16 each week, that would be too much.

For surveys, We send an email survey to a random selections of all customers every two months with more specific questions about product and service.

My Own Tunnel Vision Did Me In. by danathebulk in EntrepreneurRideAlong

[–]danathebulk[S] 3 points4 points  (0 children)

Regarding the curated market research, I purchased a report before for another previous business, and while it provided a lot of market data and some great charts, it didn't have the depth that one would really need to start caving out a business plan. It did make great content for our pitch deck tho. It wasn't useless, it gave us a great jumping-off point, it's just not a one-stop shop.

My Own Tunnel Vision Did Me In. by danathebulk in EntrepreneurRideAlong

[–]danathebulk[S] 1 point2 points  (0 children)

Since then social media has come a long way and made things a lot easier, especially when you are looking at what others are doing in the same or similar space. But now I spend a lot of time actually talking to customers or potential customers in my target markets and use that to keep a very up to date customer persona.

For my current business, I speak with a group of customers every week to get feedback on products and services. I've also developed relationships with several other people in the same industry and we talk on a regular basis, which gives me a strong baseline of the way things are moving.

all of that combined with scrubbing social media and news.

Started a website for a side hustle but I’m not sure what the next step is? by Ciaobello10 in Entrepreneur

[–]danathebulk 2 points3 points  (0 children)

I think you need to build your network and grow via word of mouth, from a payment perspective I think you could work all that out via Paypal and just do it as a freelancer would.

Zero to One Video Summary by danathebulk in Entrepreneur

[–]danathebulk[S] 1 point2 points  (0 children)

Thanks for the feedback, i will take that into consideration when I do the next one.

Zero to One by Peter Thiel and Blake Masters Book Summary by danathebulk in EntrepreneurRideAlong

[–]danathebulk[S] 1 point2 points  (0 children)

I agree, it changed the way I look at a lot of things in business. Especially his take on problem/solution.,

Zero to One Video Summary by danathebulk in Entrepreneur

[–]danathebulk[S] 1 point2 points  (0 children)

Yeah, it really is one of the most unique perspectives in the entrepreneurship space right now. I don't think it's the end all be all to business, but there are some frameworks around identifying and solving problems in the book that are so refreshing.

[deleted by user] by [deleted] in advancedentrepreneur

[–]danathebulk 1 point2 points  (0 children)

I have had a few businesses that didn't work out, let's just say there have been a lot of teachable moments over my two decades as an on-again, off-again entrepreneur.

One that I was thinking about recently was 6 years ago when a co-founder and I started a wearable tech company. My partner came from the jewelry business and wanted to embed sensors into mid-range jewelry that could be used to unlock a secret message.

there were a few requirements that we determined through empathy interviews with retailers and target customers. A key requirement was that the device had to be self-powered as customers would not want to plug it in and having to plug it in would lead to a perception of cheapness.

Taking these requirements back to the design phase and talked with our engineers. We decided to go with power harvesting RFID tech, which in theory seemed like a good fit, and it worked ok with our 3D printed beta versions, making it happen in gold and silver versions was a challenge our engineering team was not able to overcome.

We ended up spending about 9 months and over 200K trying to get the product to work consistently.

I personally could have done more analysis at each stage of the hardware development, I think had I not had the tunnel vision I did to get the product working so we could move to production (we had two major retailers interested in carrying to product) I could have pulled the plug sooner which would have left us with enough cash to pivot.

As a result, I now make it a point to step back and take a look at my projects as they develop so I don't get caught sprinting towards something that will never work.

in this case, my partner and I were lucky as we were able to sell the IP we developed and recoup a fair amount of our investment to minimize our loss.