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Side Hustle School

#2694 - Failure Friday: Tech Dream to Prototype Dilemma

Side Hustle School

Chris Guillebeau

Business, Side Hustle, Small Business, Careers, Entrepreneurship,, Entrepreneurship

4.73.3K Ratings

🗓️ 17 May 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

In this week’s Failure Friday segment, we hear from a longtime hustler who dives into the competitive world of wearable tech with a custom fitness tracker idea, only to face the tough reality of product development and market demands.

Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.substack.com

If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

While you're listening to this podcast, I'm causing mischief.

0:05.0

Like creeping past sleepy granddad to sneak a pot of Petty Faloo from the fridge.

0:12.0

Because Petty Fal Lou fuels the mischief.

0:15.0

Boom!

0:16.0

Mom says that Petty for Lou is made with calcium and vitamin D for healthy bones. She knows best, most of the time.

0:27.0

Fueling mischief with petty flu. Let's talk about a tech dream to prototype dilemma.

0:40.0

Let's talk about a tech dream to prototype dilemma.

0:43.5

Tech dream to prototype dilemma, the private label Fitbit that does not work.

0:49.0

Private label Fitbit falls short.

0:51.5

Of course, this would be our failure Friday segment once a week, we go and look at something

0:55.8

that doesn't work. Always sharing ideas that work out and lots of successes and such, but once a week we look at something that didn't work or

1:03.4

something that fails along the way or runs into some unexpected

1:06.8

competition or otherwise. Let's see like last week we talked about co-pilot,

1:11.5

this guy who's a programmer and started a business, teaching people some

1:15.9

programming skills or doing audits of their skills and such.

1:19.6

And then Microsoft creates this tool that basically does it for him or or does it for everybody, for free, or maybe it's not free, but it's pretty low cost compared to what you get for it.

1:28.0

24-hour availability, you know, unlimited inputs and such.

1:32.0

So in these situations, how does the person respond how does a side hustler a small business owner a smart person like yourself perhaps how do they respond and react and regroup. So the stories vary a lot, lots of variations,

1:44.9

but ultimately we're looking at how we kind of persevere

1:48.3

through difficult times or through adverse circumstances.

1:51.8

Today's short story features Matt. He's a long time side hustler,

1:54.8

he tries to enter this e-commerce market for the first time.

...

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