No Followers Podcast: for Inventors, Builders, Entrepreneurs
"FREE" is NOT always GOOD. The Hidden Cost of “Free” — And Why It’s Killing Your Business Free tools, free advice, free labor — they all cost really. This episode exposes the real cost of “free” and why serious operators invest instead of bargain‑hunt and why offering free is a loser game. With over 200 startups directly launched by this team, 100s of international firms grown and scaled, 400+ products/services commercialized plus mentorship of over 5000 others; you should tune in, follow/subscribe on the In Focus Brands [https://www.linkedin.com/company/in-focus-brands/]' YouTube Channel [https://www.linkedin.com/company/rehaniqbalyoutube/] You need to understand your cost structure.2:05 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=125s] Other incubators are not really free. Someone is paying and it's usually from tax dollars.3:16 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=196s] If the product is developed for free, you have no idea of future costs.3:55 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=235s] Where is the shared risk?4:45 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=285s] Most people who reach out expect everything to be free.5:06 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=306s] Nothing is ever really "free".5:50 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=350s] Our knowledge and work have value.6:30 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=390s] It's not a business model to expect everything for free.7:10 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=430s] Our job is to help you take your product idea to market.7:53 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=473s] Our culture of team is about always pushing each other to be better.8:15 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=495s] I'm always happy to kick ideas around with people.8:41 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=521s] You should pay for the skills and values people bring to the table.9:18 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=558s] Business Relationships vs. Business Transactions.9:53 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=593s] We want people who are fully committed to the process.10:33 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=633s] You should not want the "free" model as a business owner.10:44 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=644s] The value of your business at idea stage is zero.11:32 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=692s] Building out a team is a different discussion.12:00 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=720s] Your product will take years to bring to market and that is a long runway.12:50 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=770s] I don't give up equity to cover expenses. Eventually you would run out of equity.13:35 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=815s] At idea stage you only have an unvalidated product idea.14:25 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=865s] Building a core team.15:07 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=907s] We are a commercial shop and taking equity only is not a viable option.15:25 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=925s] There are no guarantees. We frequently jump into the risk pool.15:44 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=944s] Don't come here if you want free.16:01 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=961s] Do your research on actual costs involved and have a proper budget to move forward.16:29 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=989s] I can tell you every dollar I put into my business.16:40 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=1000s] How can you give equity when you don't have a proper valuation?17:57 [https://www.youtube.com/watch?v=8YOUjIqQvOw&t=1077s] Eggs and Fun Dip.
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