I remember when I started my second company many years ago. It was a dog food manufacturing business. I developed a recipe after my dog became very ill and no veterinarian could figure out what was wrong. My last option was exploratory surgery. I took a gamble and developed a food after researching what an optimal diet should look like for dogs with similar symptoms. I watched anxiously to see how my dog reacted. When my dog not only started eating again, but her energy increased and her coat looked fabulous, I figured it was time to go into business.
Running With My Assumptions
I’m going to rush to the heart of the matter, but I will tell you, I did my dog food homework and researched heavily what was important for a dog’s health. I learned all about the dog food regulations. I had the licenses. I had the equipment I needed. I even had some money to get going. Yet, just like many other companies I work with, I did not go and talk to the people who might buy my product. I didn’t find out if they really wanted another food or even if they liked to change their dog’s food. I assumed that my product was great based on comments from my friends and family and my dog’s experience and I thought it would be flying off of the shelves and that the favorable comments would spread like a haboob. So, again, like many entrepreneurs, I jumped in with both feet and a heap of my own money.