Hey everyone! 👋 I'm Tara Coleman, a new business owner excited to be here! I'm looking to connect with other business owners, learn from your experiences, and work toward my business goals. Happy to be part of this community, let's grow together!

We have reorganized the CLASSROOM tab in our businessXP community to make it easier to discover the amazing content that is available to all members. Free versions of several educational games and simulations are available for you to play right now — no login needed, just click to play. Click the CLASSROOM tab then click module PLAY GAMES & SIMULATIONS - Lemonade Stand Simulation Game - Entrepreneur & Small Business Simulation - WORD6 — Like Wordle but different - GoVenture World Global Business Game - Health & Wellness Gamified Ebook - Typing Game - Job Interview Simulation

A few years ago I invented a plastic toy that makes building Hot Wheels tracks more fun. Occasionally, I get feedback that my TrackJack is too expensive. In fact, the first ever Amazon review I got said it was a clever, useful, and well-made product ... but too expensive — so they gave it 2 stars. The price was $24.99 (currently it's $29.99 and 4.4 ⭐s) Now, you may know that there's not a lot of room between $0 and $25 ... because ... math 😊 Of course I realize that most people are not aware of the costs of bringing a product to market. Some think the inventor pockets the entire selling price. The reality is that we might profit a few dollars per sale if everything goes perfectly well. Here's a list of all the costs to bring my TrackJack from idea to customer. 🟢 PREPARING INVENTORY - Manufacturing (sample, make, assemble) - Packaging (make, ship, assemble) - Barcode Fees - Shipping to Warehouse in USA - Shipping to Warehouse in Canada - Customs Brokerage Fees and Tariffs - Inventory Receiving Fee - Storage Fees (recurring) 🟢 SELLING - Reseller Listing Fee (Amazon, Walmart, Etsy) - Reseller Sales Fee (per order) - Shipping Materials - Order Fulfillment Fee - Shipping to Customer 🟢 BUSINESS OPERATIONS - Refund Risk and Costs - Marketing Costs and Risk - Business Operation Costs - Foreign Exchange Fees - Insurance Costs - Accounting Costs 🟢 INVENTING - Idea & Market Research - 3D Modeling - Prototyping - Testing - Find Manufacturer - Manufacturing Mold (limited lifespan) - Safety Testing - Product Naming - Product Photography - Brand Design (fonts, logos, messaging) - Legal & Trademark - Patent Application - Packaging Sourcing - Packaging Design - Packaging Die 🟢 FOUNDER / INVENTOR - Personal time to manage all of the above - High probability of failure 🟢 PROFIT - If everything goes perfectly well with a product that sells for less than $30, you might make a few dollars per sale. - Then you lose some of that to income taxes.

Part 11 of designing a new board game with live feedback from you — where you can influence the design. An educational board game for learning and teaching personal finance. The first design drafts are in! https://books.playgoventure.com/3/newsletter/274/help-me-design-a-board-game-part-11