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TL;DR
An introduction to me, and...
I want to make an invention and have little clue how to execute this idea.
Hello everyone,
Having just finished the Millionaire Fastlane , I was taken by the amount of value directly taken from the Fastlane Forum. It is an amazing opportunity to not only know about this forum, but to now to be a part of it too.
Introduction
I am a 19 year old male. My entire life has been set up for me to succeed in the slowlane, and I'm eternally grateful to my parents who made this a real possibility for me. I am currently a 2nd year medical student and, god-willing, have a job in front of me that can take care of the monetary side of things whilst allowing me to exercise my passion of creating a positive change in the sphere of healthcare.
However, my dream vision was always to have this as a part-time passion that I work to enjoy myself in, not to make my life earnings from. Detaching money from the experience of healthcare is my ultimate goal, as it would allow me to truly treat medicine as a passion and dedicate more time to my family. While medicine has always been a passion for me, I look at my mother work as a health professional for hours on end, only to come home complaining of aches, mental strain, and overall stress which I can see eat her alive day by day. This is not how I want to be living my life.
With the fastlane, I see a big opportunity to maximise what I have of my life. I see potential that feel the burning desire to tap into. What a shame it would be to live this life while leaving so many things on the table.
Request for Advice
I want to make an invention. Specifically, I want to innovate something regarding a new idea for gym equipment.
An issue with this plan I am already running into is that other gym equipment currently on the market can be seen as 'similar in design'. However, these equipments will merely serve as the foundation for my idea. Though, I do see multiple companies selling very similar forms of equipment to each other, so a part of me thinks that this area is not so cutthroat and ruthless when it comes to suing for similarity (I may be dead wrong). While I'm not expecting any lawyers to be lurking around these forums, any advice on potentially circumnavigating this road bump is appreciated.
The majority of my questions come in the execution phase of this idea. Unfortunately, school never really teaches you how to, well, invent something.
Below, I will outline a roadmap of the steps I see in order for this invention to happen.
If I have missed anything in this process, it would be greatly appreciated if you could let me know. Additionally, if anyone has had any experience in the execution of creating an invention, your words of advice and experience is worth its weight in gold to me.
Thank you for reading so far. Any sort of advice on any step of this process is very much appreciated. Keep it up, champs!
An introduction to me, and...
I want to make an invention and have little clue how to execute this idea.
Hello everyone,
Having just finished the Millionaire Fastlane , I was taken by the amount of value directly taken from the Fastlane Forum. It is an amazing opportunity to not only know about this forum, but to now to be a part of it too.
Introduction
I am a 19 year old male. My entire life has been set up for me to succeed in the slowlane, and I'm eternally grateful to my parents who made this a real possibility for me. I am currently a 2nd year medical student and, god-willing, have a job in front of me that can take care of the monetary side of things whilst allowing me to exercise my passion of creating a positive change in the sphere of healthcare.
However, my dream vision was always to have this as a part-time passion that I work to enjoy myself in, not to make my life earnings from. Detaching money from the experience of healthcare is my ultimate goal, as it would allow me to truly treat medicine as a passion and dedicate more time to my family. While medicine has always been a passion for me, I look at my mother work as a health professional for hours on end, only to come home complaining of aches, mental strain, and overall stress which I can see eat her alive day by day. This is not how I want to be living my life.
With the fastlane, I see a big opportunity to maximise what I have of my life. I see potential that feel the burning desire to tap into. What a shame it would be to live this life while leaving so many things on the table.
Request for Advice
I want to make an invention. Specifically, I want to innovate something regarding a new idea for gym equipment.
An issue with this plan I am already running into is that other gym equipment currently on the market can be seen as 'similar in design'. However, these equipments will merely serve as the foundation for my idea. Though, I do see multiple companies selling very similar forms of equipment to each other, so a part of me thinks that this area is not so cutthroat and ruthless when it comes to suing for similarity (I may be dead wrong). While I'm not expecting any lawyers to be lurking around these forums, any advice on potentially circumnavigating this road bump is appreciated.
The majority of my questions come in the execution phase of this idea. Unfortunately, school never really teaches you how to, well, invent something.
Below, I will outline a roadmap of the steps I see in order for this invention to happen.
- Idea formulation
- Creating a prototype
- Testing this prototype
- Refining this prototype
- Attaining an International Organization for Standardization (ISO) certificate [I was told this was a necessary step]
- Patenting the idea
- Marketing and Advertisement to relevant stakeholders
- Selling [either on a unit by unit manufacture basis, or selling to a higher company as a one time payment, or getting some sort of small commission for every unit sold by another company that buys manufacturing rights? Not really sure what options I have but this is far down the track]
If I have missed anything in this process, it would be greatly appreciated if you could let me know. Additionally, if anyone has had any experience in the execution of creating an invention, your words of advice and experience is worth its weight in gold to me.
Thank you for reading so far. Any sort of advice on any step of this process is very much appreciated. Keep it up, champs!
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