- Joined
- Jul 13, 2023
- Messages
- 12
Rep Bank
$385
$385
User Power: 150%
Hey all, it's been a while since I joined the forum and wanted to post a little something.
It's been a little over a year and a half since I started my own FnB manufacturing company with a friend. We started a small production facility specializing in making sauces and cooking pastes for B2B. Business has been well enough, in that span of time utilizing what little revenue we had, our expertise and connections made; we had achieved a total revenue of about 250k USD, but close to no profit because of razor thins margins caused by constant under cutting of prices( a typical occurrence in our FnB space), not to mention operating costs as well.
As of now my friend and I, are looking into shutting down our facility. One reason is that my friend is fulfilling a lifelong dream of his of moving to a better country with his family, and the other is that I can't see myself continuing in this line of business without him. Being in the FnB line has disillusioned me from the industry and I'm rather feeling rather burnt out and disheartened. I know this can be true of any industry, but I think I want a breath of fresh air in my life to keep myself going. Not making any profit doesn't help as well.
So do any of you have any advice on how to enter a completely new industry and start from scratch with zero knowledge? Being in FnB for too long has skewed my perception and given me tunnel vision, making it difficult for me to think of other ways of providing value. Any feedback is much appreciated
It's been a little over a year and a half since I started my own FnB manufacturing company with a friend. We started a small production facility specializing in making sauces and cooking pastes for B2B. Business has been well enough, in that span of time utilizing what little revenue we had, our expertise and connections made; we had achieved a total revenue of about 250k USD, but close to no profit because of razor thins margins caused by constant under cutting of prices( a typical occurrence in our FnB space), not to mention operating costs as well.
As of now my friend and I, are looking into shutting down our facility. One reason is that my friend is fulfilling a lifelong dream of his of moving to a better country with his family, and the other is that I can't see myself continuing in this line of business without him. Being in the FnB line has disillusioned me from the industry and I'm rather feeling rather burnt out and disheartened. I know this can be true of any industry, but I think I want a breath of fresh air in my life to keep myself going. Not making any profit doesn't help as well.
So do any of you have any advice on how to enter a completely new industry and start from scratch with zero knowledge? Being in FnB for too long has skewed my perception and given me tunnel vision, making it difficult for me to think of other ways of providing value. Any feedback is much appreciated
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
