Becoming a business owner is not a simple process. There are many people interested in owning their own company. Few people are willing to work hard each day.
Joel Friant invents products to sell to other companies. Over the years, he has developed numerous successful products. Joel even speaks around the country to new business owners. He likes to advise people who want to succeed in business.
Joel Friant recently developed a new product called the habanero shaker. The habanero shaker is an innovative product that customers love. The product helps distribute spices during the cooking process.
Joel Friant started out in his career working for a large corporation. Although he enjoyed the work, he wanted to have more freedom over his daily schedule. Joel started working on different product ideas during his spare time. He learned that he could make money developing products by selling them to other people.
He eventually left his corporate job to start his own company. Although the first few years were difficult, he was ultimately able to have success with his ideas.
Financing a Product Idea
One of the most challenging aspects of developing a new product is the financial investment required. Getting a patent is not cheap, and developing new technology takes a lot of capital. Joel Friant works with private investors who believe in his ideas. Instead of borrowing money from a bank, he gives a percentage of his sales to these private investors. Utilizing venture capital is a proven concept for raising money while running a business.
The habanero shaker has been an enormous success so far. Multiple retail companies are interested in putting the product in stores. Customers love the product because it makes the cooking process faster. Joel Friant has a bright future ahead, and he wants to continue developing products for customers to use.