postman pat
New Contributor
Hi All,
I read both MJ's books over the last year and they opened my eyes to many aspects of business that I have never considered before. Probably the reason that my previous attempts did not work out.
I will change this with my newest venture and I will start by talking to you guys so I can feel accountable and possibly reassured/corrected/told off as needed.
I will aim to give an update every two weeks or more often.
My latest venture is recycling-related so in my eyes, it is a tried and tested scenario - you take the trash and turn it into something useful.
The stuff I look to recycle is not yet in great supply, but in a few years time, the market will be scrambling to cope with the supply of that waste. I feel I am ahead of the trend and hoping to achieve the status of 'first' to the market in my country and at the same time to maintain the status of the biggest once I am in.
The fact that I am ahead of the game, gives me time to make some mistakes (which I will inevitably) and still remain relatively unharmed once the market booms.
My first step was to research the values of each of the components. There are 5 main ones of varying value. Least valuable - glass, most valuable - a particle that demand for will grow massively over the course of years and therefore I expect the price of it to grow as well.
The next step I took is to research if the technology exists for what I want to achieve.
By joining industry forums and newsletters, I quickly discovered that it does and it is advancing every year. This was very good news as removed the need for me to go through the design process of adapting other machines to do what I need them to do.
I scheduled a call with a representative of the manufacturer to find out more about their product and the prices.
In my next update, I will tell you how the call went. Over the coming days I will also be looking at choosing the location where to set up my plant and I will try to walk you through the process I followed to decide on it.
Apologies if this all seems quite cryptic, but I hope to reveal it all once the first profits start coming in towards the end of next year.
Pat
I read both MJ's books over the last year and they opened my eyes to many aspects of business that I have never considered before. Probably the reason that my previous attempts did not work out.
I will change this with my newest venture and I will start by talking to you guys so I can feel accountable and possibly reassured/corrected/told off as needed.
I will aim to give an update every two weeks or more often.
My latest venture is recycling-related so in my eyes, it is a tried and tested scenario - you take the trash and turn it into something useful.
The stuff I look to recycle is not yet in great supply, but in a few years time, the market will be scrambling to cope with the supply of that waste. I feel I am ahead of the trend and hoping to achieve the status of 'first' to the market in my country and at the same time to maintain the status of the biggest once I am in.
The fact that I am ahead of the game, gives me time to make some mistakes (which I will inevitably) and still remain relatively unharmed once the market booms.
My first step was to research the values of each of the components. There are 5 main ones of varying value. Least valuable - glass, most valuable - a particle that demand for will grow massively over the course of years and therefore I expect the price of it to grow as well.
The next step I took is to research if the technology exists for what I want to achieve.
By joining industry forums and newsletters, I quickly discovered that it does and it is advancing every year. This was very good news as removed the need for me to go through the design process of adapting other machines to do what I need them to do.
I scheduled a call with a representative of the manufacturer to find out more about their product and the prices.
In my next update, I will tell you how the call went. Over the coming days I will also be looking at choosing the location where to set up my plant and I will try to walk you through the process I followed to decide on it.
Apologies if this all seems quite cryptic, but I hope to reveal it all once the first profits start coming in towards the end of next year.
Pat
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