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100KM
Comment by wayne garris on November 18, 2010 at 10:25am
great article ! looks like I'm on track with most of this .
Comment by Cliff Dearden on November 18, 2010 at 10:39am
Also think it was a great article, thanks Chris.
Comment by Harald Molle on November 18, 2010 at 11:20am
Me too!
Good article, you are so right!
Comment by Guntars on November 18, 2010 at 11:49am
Interesting view of making business. Some deep thinking also. As an end-user, of course, I did not liked 2,3 multiplexer (I would prefer some 1.4 -1.6), but if I have bought APM, that means your price was almost right. (Both parts – seller and buyer must feel little disappointment).
One thing I would like to suggest is to put more efforts in rapid software development. Some financing of core developers would be good also. Do not announce new product while the previous the software is not ready.

p.s. I can imagine the endless support you are demanded 24/7.

Regards,
Guntars
www.aerophoto.lv
Comment by Jack Crossfire on November 18, 2010 at 12:05pm
"#2 It takes lots of cash to stay in stock."

Always the roadblock of our entrepreneurial dreams. Unless you've got a huge amount of someone else's money to invest, you're not going to do better than a savings account or a day job.

"#1 Make a profit."


Maker businesses remind us of VA Linux, Linuxcare, Loki when they were private. Huge sales, open source everything ... except the balance sheet. The makers we've seen in the last 15 years have either not charged 2.3x or charged way beyond the cost of buying the next best thing from Walmart. They always said it was publicity for their next product which would then make money.

"#5 You get no leeway for being a maker."

Users have always expected the same support as a commercial product for free.
Comment by Ravi Gaddipati on November 18, 2010 at 6:55pm
for #2, I have started with individual things, and the profit from that funds more products. That goes on and on depending on demand. Yea the lead time is long at first, but it gets better.

Obviously not a option for something big, but a lot that i have seen starts from forum posts.

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