Well, as excited as I was about completing the challenge, the new just brought in a whole new can of worms. Not only are the supplies running out quickly, everything I need to accomplish the goals requires certain components which requires a lot to manufacture. Interesting times for sure.
Lessons learned as I Spoke too Soon:
1. Speed is key for new markets
The quicker you are the faster you can capture the market. Don’t waste time when materials are available just produce the basics then worry about improving them over time.
2. Be careful with supply chain
Cars were tricky and so are tech related products. They have so many semi-products which need to be R&D, require heavy investments and sometimes many different raw materials to get started. Be careful because they may just be the bottleneck in your production.
3. Manufacturing Semi-Products is a battleground that needs to be won
If you can become the best quality manufacturer of semi-products, there is nobody that can beat you regardless of the end product quality. In tech products, the other semi-products play a big role and you can see how Silicon ended up giving me a quality 25 CPU and for a good time, my PSP type consoles were at quality 30-35. This means that by having the best semi-products you can finish the market as it is tricky to create good final products.
What do you think? Leave a comment 🙂