GTM MHI Kit Group Buy Participants...

Gary Evans · 03-12-2014, 11:27 AM

Quote:

Originally Posted by Chuck33079

4 months to find $5-10k to refund you? Sounds like a perfectly healthy business that's not experiencing liquidity issues at all.

Selling immediately after a prototype is finished, charging the full price for products not yet made, and a growing list of past due deliveries and could result in a very bad ending to the story. It takes more than engineering skill and good intentions for a company to survive. Its a shame really.

Chuck33079 · 03-12-2014, 11:33 AM

Quote:

Originally Posted by Gary Evans

Selling immediately after a prototype is finished, charging the full price for products not yet made, and a growing list of past due deliveries and could result in a very bad ending to the story. It takes more than engineering skill and good intentions for a company to survive. Its a shame really.

Agreed. Aftermarket car parts companies always seem to fail on the business management side of things. This is why you don't let the engineers run the company.

FPenvy · 03-12-2014, 11:34 AM

Quote:

Originally Posted by Gary Evans

Selling immediately after a prototype is finished, charging the full price for products not yet made, and a growing list of past due deliveries and could result in a very bad ending to the story. It takes more than engineering skill and good intentions for a company to survive. Its a shame really.

well......they may have had good intentions but they most certainly are not Fast Intentions

Chuck33079 · 03-12-2014, 11:37 AM

Quote:

Originally Posted by FPenvy

they most certainly are not Fast Intentions

FI is a good example to show how, had GTM done a few things differently, they wouldn't be where they are. FI never promised a date, for one. They flat out said "it'll be ready when it's ready". Also, they kept everyone in constant communication. Frequent updates help, even if the update is "Nothing new to report". And last, they didn't bite off more than they could chew. They didn't try to sell 100 of these things. They started with 10.

TerribleONE · 03-12-2014, 02:40 PM

Quote:

Originally Posted by Chuck33079

FI is a good example to show how, had GTM done a few things differently, they wouldn't be where they are. FI never promised a date, for one. They flat out said "it'll be ready when it's ready". Also, they kept everyone in constant communication. Frequent updates help, even if the update is "Nothing new to report". And last, they didn't bite off more than they could chew. They didn't try to sell 100 of these things. They started with 10.

Well said man

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