Calling entrepreneurs, small businesses and inventors

[Pete123]

Ladies and gents (Monkey and Dolomite’s wives are on here, so we do have ladies.)

 

I’m very active in Nashville’s entrepreneur community.  Part of my volunteer work is to help entrepreneurs and small businesses succeed.  I’m posting this on TGO because there are a lot of retirees, small business owners and people that are handy enough to make/invent things.

 

This is a great opportunity for the entrepreneurs and inventors with a new product where they need $10,000 to $20,000 to make their product a reality.  Example, we have folks on here that make knives.  Suppose one of these folks could take their business to the next level with tooling/equipment for under $20,000.  You effectively promise to deliver a knife to people once you have the equipment to make it.  You provide a big discount in exchange for early payment.  The goal is to get enough people to pay up front to pay for the equipment you need.

 

The key to this process is that you have something that people will buy.  It doesn’t have to be a product.  It could be TGO Dave needing a server and selling reduced price memberships for his new site.  It could be a gun store that is opening a firing range selling reduced cost access.  It could be 2nd Amendment Coatings needing a new piece of equipment, etc…..

 

There is no cost whatever for being on the radio show as described below.  Kickstarter gets a percentage of whatever money comes in, though John Maddox doesn’t get any of that.  

 

This may be a bit confusing if you aren’t familiar with crowd funding.  Don’t worry, there are plenty of organizations that will help you at no, or very little cost. 

 

I haven't asked John about this, though he would probably welcome folks from outside of Nashville.

 

Here is more info: 

 

Serial entrepreneur John Maddox has a new project to help entrepreneurs / inventors launch their next project.  John is launching a radio show on Nashville’s Super Talk 99.7 WTN on Friday’s at 6:00 pm.  The demographic for this station are people with very good income.  Assuming that your product is a fit, you’ll be a guest on his radio show.  

 

There is no charge of any kind to guests of the show.  He’ll introduce guests, ask about their background, their product and why they are developing it.

 

He’ll then ask the audience to buy your product at a reduced price in exchange for waiting a few months to get it.  You will have listed your product on KickStarter, a crowd funding website, which is where he’ll send listeners. Here’s an example followed by links to both parts of a TV interview where aninventor was on TV talking about what he did and Kickstarter.

 

Dale Lott, founder of Aurisonics, was an audio guy in the music industry.  He started a small business.  He then invented some totally awesome ear buds.

 

He needed $20,000 for tooling and posted his need on Kickstarter.  People had the chance to buy these ear buds for a discount in exchange for waiting a few months while he purchased the tooling and was able to make them.  He was able to raise the money he needed.

 

If John Maddox’ radio show had been airing at that time, Dale could have been a guest.  John would have encouraged folks to go to his Kickstarter site to purchase the ear buds at a discount.

 

Is this confusing?  If so, don’t worry.  There are plenty of organizations that will help you learn what you need to know, most of which do so at no charge.  Score, where I’m a volunteer, has a lot of services that can be helpful.

 

Here are the links to Dales story:

 

Part 1:

http://www.scrippsmedia.com/newschannel5/plus/score-on-business/266090681.html

 

Part 2:

http://www.scrippsmedia.com/newschannel5/plus/score-on-business/266091901.html

Edited September 20, 2015 by Pete123

[DaveTN]

Is that you in the video?

[Pete123]

Yes, that's me.  "Score on Business" is a tv show on Nashville's Channel 5 Plus, which airs on Comcast 250. I find guests and host the show.

 

I've had Phil from Bellshire Hardware on as well as one of the TGO family.  Here is Phil's link.  I don't want to 'out' the TGO'r without permission.

 

Phil:

http://www.scrippsmedia.com/newschannel5/plus/score-on-business/307480771.html 

[ironsniper1]

Always cool to put a face to a forum name!


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