The article discusses the author's journey from developing a personal project for self-satisfaction to raising over $40,000 for mass production. Despite the initial excitement, the author faces reality as operational and manufacturing costs lead to a significant net loss. This experience prompts reflection on the role of an 'industry mentor' and the true impact one can have within their community, questioning the essence of mentorship in a professional context.
I've had a project I worked on for years I kept under wraps for a while, mostly because it was 100% for self-satisfaction, and I didn't actually think it'll had any potential to go commercial.
I raised over $40K to mass produce a product I designed. Rejoice! What an achievement! I'm rich now, right? Hah, no.
After subtracting operational costs and manufacturing costs and some more upcoming costs, all I see is red when I look in the 'Net loss / profit' section of my excel sheet.
I call myself an industry mentor, but that's such a loose term to define the impact I want to make for my community. What does an industry mentor actually do?
Collection
[
|
...
]