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LuNaTiX
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Registered: 07/28/03
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Ok, I need some business advice
#7345560 - 08/28/07 05:33 PM (16 years, 5 months ago) |
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basicly its going to be a 500 mg capsule and will have 50% caffeine powder, 25% ginger powder, and 25% garlic powder. something like that. so what kinds of liscenses and paperwork and rules and regulations am I going to have to go through?
I'm a bizniz newb, be gentle
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LuNaTiX
Quarterback




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Re: Ok, I need some business advice [Re: LuNaTiX]
#7345737 - 08/28/07 06:31 PM (16 years, 5 months ago) |
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Common! I know I have to put the ingredents and such on the product and some common sense disclaimers and instructions, but what else?
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AaronEvil
The GuitarVillain



Registered: 09/27/04
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Re: Ok, I need some business advice [Re: LuNaTiX]
#7345919 - 08/28/07 07:20 PM (16 years, 5 months ago) |
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Probably get FDA approved if you are in the USA.
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There is not a lot of difference between a fox hole and a grave; but knowing that you dug your ditch and climbed in anyway.
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coda
Banjo Goiter



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Re: Ok, I need some business advice [Re: AaronEvil]
#7345937 - 08/28/07 07:24 PM (16 years, 5 months ago) |
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nope, won't need FDA approval to produce and sell "herbal supplements" in the US. None of that crap is licensed by the FDA. What you need are patents and trademarks to protect yourself against those who want to steal your product, a customer base to sell too, and a marketing plan to sell to those customers.
You'll probably also need a small business loan which means you'll need to write up a business plan and have some decent credit. If you're not a business major id highly suggest hitting up a bookstore and finding a book on creating and running a small business, otherwise you're going to need to hire an accountant for sure and probably keep a lawyer on retainer for any mistakes.
good luck, small business is a pain in the ass, i ran a store with my family for over 7 years and we never broke into the black once.
-------------------- To get really high is to forget yourself. And to forget yourself is to see everything else. And to see everything else is to become an understanding molecule in evolution, a conscious tool of the universe. And I think every human being should be a conscious tool of the universe. . . . -JG i really am glad you came back to us instead of taking the other path. *hug* -A_S (RIP your final words to me will never be forgotten)
 Don't fuck with the laughing jesus.
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LuNaTiX
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Re: Ok, I need some business advice [Re: coda]
#7346009 - 08/28/07 07:49 PM (16 years, 5 months ago) |
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does it cost much for a patent? I have a rough business plan drawn out with some numbers and sources for various things.
I will work up a bussiness plan though, I made one before, it wasent bad. and thats agood idea to read books on starting a business.
Does anyone know a good site that offers unused empty bottles, pill bottle sized taht is?
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TODAY
Battletoad


Registered: 09/25/03
Posts: 10,218
Loc: Metropolis City, USA
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Re: Ok, I need some business advice [Re: LuNaTiX]
#7346014 - 08/28/07 07:52 PM (16 years, 5 months ago) |
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GOOGLE, my friend. Anything you need to know, you will find on GOOGLE. Did I mention GOOGLE. It's just about the best cheap-o, shy-guy friendly, market research and supplier sourcing tool there is. What's that site called again? GOOGLE.
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ca'rouse (k-rouz) intr.v. To engage in boisterous, drunken merrymaking.
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TODAY
Battletoad


Registered: 09/25/03
Posts: 10,218
Loc: Metropolis City, USA
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Re: Ok, I need some business advice [Re: LuNaTiX]
#7346024 - 08/28/07 07:56 PM (16 years, 5 months ago) |
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As far as a patent, ingredients in a pill aren't something you can patent...unless you've synthesized a new compound.
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ca'rouse (k-rouz) intr.v. To engage in boisterous, drunken merrymaking.
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TwisteDPsiLo
Burnt-outBurnout


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Re: Ok, I need some business advice [Re: LuNaTiX]
#7346028 - 08/28/07 07:57 PM (16 years, 5 months ago) |
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Quote:
LuNaTiX said: does it cost much for a patent? I have a rough business plan drawn out with some numbers and sources for various things.
I will work up a bussiness plan though, I made one before, it wasent bad. and thats agood idea to read books on starting a business.
Does anyone know a good site that offers unused empty bottles, pill bottle sized taht is?
Thanks for the idea, I just got the patent done. I guess I might send you a couple $, PM your address.
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jewunit
Brutal!

Registered: 01/11/07
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Loc: Ohio
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Re: Ok, I need some business advice [Re: LuNaTiX]
#7346035 - 08/28/07 07:59 PM (16 years, 5 months ago) |
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What's the product for, making your breath stink like shit?
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badchad
Mad Scientist

Registered: 03/02/05
Posts: 13,372
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Re: Ok, I need some business advice [Re: jewunit]
#7346043 - 08/28/07 08:01 PM (16 years, 5 months ago) |
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Quote:
jewunit said: What's the product for, making your breath stink like shit?
Once the caffeine elevates your blood pressure and body temp, you'll sweat the garlic out too. BO and bad breath in a single pill. AWESOME!
-------------------- ...the whole experience is (and is as) a profound piece of knowledge. It is an indellible experience; it is forever known. I have known myself in a way I doubt I would have ever occurred except as it did. Smith, P. Bull. Menninger Clinic (1959) 23:20-27; p. 27. ...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely. Osmond, H. Annals, NY Acad Science (1957) 66:418-434; p.436
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Smackshadow
It's Time for Wild Speculation


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Re: Ok, I need some business advice [Re: badchad]
#7346655 - 08/28/07 11:02 PM (16 years, 5 months ago) |
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First you should consider finding a place to distribute this pill, second you will want to buy insurance, and third you are going to want to forget a patent on the ingredient combination because someone almost certainly has one so why waist the money. You might want to register the name of your company, and the name of the pill however, which would be a trademark if I remember.
As for how to register a business that seems state specific, and in all fairness you might want to sit down with a lawyer.
-------------------- The trouble with fighting for human freedom is that one spends most of one's time defending scoundrels. For it is against scoundrels that oppressive laws are first aimed, and oppression must be stopped at the beginning if it is to be stopped at all. ~H. L. Mencken~
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TODAY
Battletoad


Registered: 09/25/03
Posts: 10,218
Loc: Metropolis City, USA
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Re: Ok, I need some business advice [Re: Smackshadow]
#7346851 - 08/29/07 12:19 AM (16 years, 5 months ago) |
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you can't get a patent on a pill that is simply different ingredients mixed in different proportions. This is called a trade secret, something that is developed and worked with in secrecy. Well, its no secret right now, he's told us the formula.
Lunatix, what's the pill supposed to do for the user and why is better than competing products?
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ca'rouse (k-rouz) intr.v. To engage in boisterous, drunken merrymaking.
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makaveli8x8
Stranger


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Re: Ok, I need some business advice [Re: TODAY]
#7346906 - 08/29/07 12:46 AM (16 years, 5 months ago) |
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if i was to develop a pill i would fill it with the hottest peppers on the planet in big 500mg pills you would take 10 of them per directions.
put i think thats what his pill is sopposed to do, give you a buzz, but ginger is relaxing so your on a upper and downer, then you have garlic thats in their for god know's what, maybe to lower your blood pressure so you don't have a heart attack
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  We were sent to hell for eternity Ø h® We play on earth to pass the time Over-population the root of all Evil-brings the Elites Closer to the gates.
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LuNaTiX
Quarterback




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Re: Ok, I need some business advice [Re: TODAY]
#7348582 - 08/29/07 01:54 PM (16 years, 5 months ago) |
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haha makaveli8x8, thats about right.
The caffeine is for the upper, the ginger helps with any stomach nausia and prevents the shits and (because 250 mg of caffeine is a high dosage) and its generally a very healthy herb concidering it regulates blood pressure and boosts the immune system and the garlic in combination with the ginger is said to increase motabalism or so I read, I dont know if you would smell weird though lol but you never know, it would be 125 mg of garlic I'm not sure if it would be enough to make you smell bad when you sweat it out, but I'll find out soon enough. If it does make a person smelly then I'd just simply remove the garlic and replace it with more ginger because I think the ginger will help create a more manageable buzz from the caffeine, so your not shaking or anything.
I don't mind if anyone else uses this idea, I wouldn't of posted it if I cared. I just wont give the name I want to use for this product.
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badchad
Mad Scientist

Registered: 03/02/05
Posts: 13,372
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Re: Ok, I need some business advice [Re: LuNaTiX]
#7348607 - 08/29/07 02:03 PM (16 years, 5 months ago) |
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Might as well increase the dose of caffeine. Thats about 2 vivarin, a 16 oz. coffee or a weak energy drink. Give the pill some pep!
-------------------- ...the whole experience is (and is as) a profound piece of knowledge. It is an indellible experience; it is forever known. I have known myself in a way I doubt I would have ever occurred except as it did. Smith, P. Bull. Menninger Clinic (1959) 23:20-27; p. 27. ...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely. Osmond, H. Annals, NY Acad Science (1957) 66:418-434; p.436
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TODAY
Battletoad


Registered: 09/25/03
Posts: 10,218
Loc: Metropolis City, USA
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Re: Ok, I need some business advice [Re: LuNaTiX]
#7348621 - 08/29/07 02:07 PM (16 years, 5 months ago) |
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have you done any research, like figuring out how many people would benefit from this, the competition selling similar products, how you could convince people that your product is better?
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ca'rouse (k-rouz) intr.v. To engage in boisterous, drunken merrymaking.
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makaveli8x8
Stranger


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Re: Ok, I need some business advice [Re: TODAY]
#7348666 - 08/29/07 02:19 PM (16 years, 5 months ago) |
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also have you considered abuse of this pill.
i have no idea on the legal aspect but i imagine someone could end up sueing for overdose
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  We were sent to hell for eternity Ø h® We play on earth to pass the time Over-population the root of all Evil-brings the Elites Closer to the gates.
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TODAY
Battletoad


Registered: 09/25/03
Posts: 10,218
Loc: Metropolis City, USA
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Re: Ok, I need some business advice [Re: makaveli8x8]
#7348689 - 08/29/07 02:27 PM (16 years, 5 months ago) |
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That can be remedied by clear warnings on the package and by incorporating the business (though this has tax downfalls that make it unnatractive for small biz) Buy one of those packs of caffeine pills and check their warnings as a reference.
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ca'rouse (k-rouz) intr.v. To engage in boisterous, drunken merrymaking.
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LuNaTiX
Quarterback




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Re: Ok, I need some business advice [Re: TODAY]
#7348734 - 08/29/07 02:42 PM (16 years, 5 months ago) |
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I checked out my local drug store, and for 34 "Wake Ups" its about 6$ and for a bottle of 100 "Wake Ups" its about 11$ and they are both 100 mg, so its less the half the potency of the ones I want to make. I think 250 mg is quite enough, thats alot for someone who never drinks coffee or tea. I could make bigger pills for the hardcores ( 500 mg of caffeine) though. "Wake Ups" would be my main compedeitor around this area. I wanted to charge about 22$ per bottle of 120 all 250 mg pills, so I think I would have a bit of an edge over regular caffeine pills, being as mine have ginger and garlic powder too.
Quote:
Wake Ups are a brand of caffeine pills known for their simple white packaging which depicts a red- and blue-coloured rooster reminiscent of the Rossignol (ski brand) Rooster logo. The 12- and 36-pill packs come in foil-wrapped plastic housed in a cardboard sleeve featuring the words "Wake Ups" printed diagonally in bold red letters. Bottles containing 100 pills are also sold at an average price of $10 USD. - Wikipedia
One thing thats nice about the pills is they are cheap to make (no compressing) and the capsules will be vegatarian and there will be no fillers like other common caffeine pills.
Even though garlic and ginger togeather are said to increase the motabilism of the body, I don't want to market my product as a diet product, as there is way too much compitition in that area.
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