Wow guys, all of this is great info, I am so glad I reached out! This has really helped to change my patterns of thinking, its so easy to get caught up when you are starting out on your own.
Tim: You are so right. I'm definitely not getting any kind of small business loan at this point in the game. Getting the product out there is the most important. I will definitely change up the plan and look into more reasonable options for a patent filing.
Aaron: Thank you for this advice! I am currently working on a pitch deck, and that will be one of the first things I do once my IP is safe and protected.
Shobhit: Thank you for this recommendation, I will definitely check it out! Once I am able to share my product and start building my brand, there are many options to look into.
I can see how these statements can be concerning, however, I know my customer, and my product serves a purpose. It fixes a problem, and fills a void in the industry. Also, I understand that no one will be as passionate about my product as me. I believe that passion is essential in order for an entrepreneur to be successful.
Michael B: You hit the nail on the head. I am going to have to put something into this to get started. And yes, there are many options like the ones listed above that I can implement into my plan. Ready to take the risk and move forward!
Michael F: You are right. These numbers are what I have been quoted from one person. After reaching out, I'm learning that there way more reasonable ways to go about this. I will be using LegalZoom for my LLC, and also have a NDA on file for use in these situations.
Gopi: Great advice. I am going to start reworking my plan of attack and get these costs down. I will definitely look into these recommendations!
JD: Yes, everyone has given me a brand new perspective. Its so nice to have a community like this. It's time to put myself out there and see what I am capable of!
A HUGE Thank you to everyone who gave your thoughts and recommendations! Thanks to all of your advice, I have a lot of direction to move forward. Follow me for updates, or reach out and send me a message!