He's a fraudster with a track record for cooking the books, one of the most straightforward examples of NPD in the media today. He could very well destroy this business as he has so many others.
35k a month in expenses, 10k for rent/machine lease which is very conservative and likely much higher. Leaves 25k for labor 25k divided by 7 full timers = 3,570 per month = 42,850 per year per person including owner. More realistic would be 15-20k for rent/machines/energy. So call it 18k. 35k - 18k = 17k left for labor 17k dividen by 7 full timers = 2,420 per month = $29,150 per year per person including owner. Hourly wage of $15 per hour, including owner. Business is likely making no money after expenses, and moved into a warehouse that is far too large for the product it produces or the inventory it will ever need to carry. Life span of this business will be short.
I completely Agree, Im a serial business owner and I'm looking for my next idea but I just can't think of anything that makes mathematical since... it's almost like there's no way to run any product business that isn't cheap Chinese drop shipped junk, EVERYTHING in the USA is simply too expensive to make any money unless you just get lucky and go viral and even then product lifecycles are so short you only have a few months of high sales. It's a war on small business in this country!
This is motivating, much more so than the showbiz Shark Tank episode. I have a product idea for something a hundred strangers have told me they would love to buy. It improves greatly on a product that has been in most homes for 100 years. Getting started with a physical product is challenging.
Kegs are round because they are stronger that way. You can squeeze in more product in a round cylinder than a square one. I know liquid doesn’t compress but you can still get more volume. On a square keg, it may start to hydro form into a cylinder if to much pressure. Kinda like submarines are round for a reason. But for sheer volume for a home brew, might be a selling point.
They showed a deformed one, it was spherical. You and I will never develop a product, because it will never be right, yet there are at least a billion people out there who will never think that far ahead, they'll just be stuck for a gift idea, see the show and buy one for any lush in their lives. I didn't hear what the intended use case for these even was. Is this supposed to be like a growler for take-home brew from the local? Was there are Carbonization attachment. It reminds me of those mini homebrew kits that were hot for a minute. Either you use it and buy advanced gear or you don't. On the other hand how much $ have those Shark Tank guys made? Sure looks like someone got a bargain valuing this at $1.5M. Do they offer anything beyond your appearance on the show? Like, Hey Mark, we're falling a little behind here with the holidays approaching, how are your TIG skills? Oh that's too bad, well, we can put you on the leak testing and acid washing I guess
I randomly care across this channel while working on my own business. You guys are making good content to be honest. Becoming my favorite early morning content to watch while getting ready to start work
Actually I recall some air compressors for air btushes used a rectangular profile as opposed to most which were round. A round vessel is of course the easiest and best for distributing air pressure
That was the nicest segway to a paid Sponsor I ever seen!!! Seamless... It made sense and i was enterted... Colleges could give courses on how good it is... "I'm not making fun of this video" I just think its the best Segway I ever seen.
Kegs are round because of pressure and they are to heavy to carry and will be rolled. That is the only purpose why humans invented round kegs and not square (and also it's easier to get a round wooden keg sealed than a sqare one). Nowadays we have forklifts everywhere but still if you own a bar and your cooling storage is in the basement you will never get a keg easier down the steps than a round one. This is so stupid I can't believe people buy it. But in the USA people buy all sort of bullshit. Wouldn't work in Germany.
Enjoy your shows but just an fyi that's an odd thing to say right on from if the current guest that the more subscribers you get gives you the ability to bring in better and better guests. That insinuates that there are better guests out there than the current one your attaching next to. I suggest changing that to "more and more" guests. Just a suggestion... Keep bringing great content.
That's a scary question. The place of manufacture (automated brake) would probably not help the story much. They did zoom in a little on the multi country manufactured/ sourced Lincoln welders though.
I see the CO2 cartridges and the problem with that is beer takes a special gas called, wait for it, beer gas to work properly, otherwise it just foams like crazy. I like the idea. It’s $279 on Amazon as of august 2024 and that a ton of money for a tiny keg. There are so many options for kegs that it just doesn’t make sense. If you are bored and just want to spend $300 you could buy a ton of beer for $279. I understand wanting to support an American company too. If I wanted a keg either for beer or soda I would just buy a small fridge with a tap on it already and put a nice little pony keg in it. If I just wanted it for soda at home I would buy a soda stream. Still a cool product and story.
Focus on what you're passionate about; it's easier to stay motivated and succeed. Consider what you love doing and how it can solve problems or bring value to others. Check out our FREE course that talks about finding and validating a business idea and so much more: www.upflip.com/training/business-startup-blueprint
You should of aaked him about the exact times he would start and finish job, and start and finish his side hustle which is now his business. And what age was he when doing so... and did this help in the process or can he now start another business on the side with the same method and if not why not 🤔 Plus im always looking for a good fulfilment video tutorial with shipping orders, receiving order, and dealing with returns, etc.
Many times the things patent in the beginning are very different then what you make as the product is improved with customer feedback. Patenting is not a one and done process.
as person who didnt know nothing about the product, and clicked on the website link... i didnt understand what is this product... what is the company about... scrolling down and down then i saw, some sort of media showing some drink coming out of it... i think he can do the website better...
Still Waters- In the mist of all chaos lies still waters A timeless presence True essence of Life Waves of unwavering faith guides you to shore while you rejoice in still waters for whats in-store Mind Body and Spirit relaxes as Hurricane winds of peace navigate life I lay calm in the eye of still waters. 🌀Never Give Up🌻.
Как СаняМаня и хроте фамилия делает бабло на экологии, Саня создают очередную компанию (K)RYARYA - конь рокет ротари :) для ветряков и солнечных панелей, Евросоюз башлять хементе дотации, народ покупает платят своих 50, и Евросоюз свои 50 , а так в е идет в сани :))) и веси
🤔 would be super interesting to see you guys interview a business that makes the equipment for making things and how they go about working with entrepreneurs who need equipment to build their products 🤔 my main question would be how would we address them for their services for building a equipment for making other products 🏗🛴🛹🛺🚲🚜🛵🦼🧳⌚️🛶🛸
Get access to 500 validated business ideas and detailed programs on starting or scaling a business, visit: bit.ly/4c0bNGx
If drinking and smoking is what keeps a man poor. Then selling them to drink and smoke more will make a man rich.
Hey it's the Shark Tank guy...loved his story. Super hard worker so he deserves all his success.
Hello Mr. Sheth, are you an investor?
He's a fraudster with a track record for cooking the books, one of the most straightforward examples of NPD in the media today. He could very well destroy this business as he has so many others.
35k a month in expenses, 10k for rent/machine lease which is very conservative
and likely much higher.
Leaves 25k for labor
25k divided by 7 full timers = 3,570 per month
= 42,850 per year per person including owner.
More realistic would be 15-20k for rent/machines/energy.
So call it 18k. 35k - 18k = 17k left for labor
17k dividen by 7 full timers = 2,420 per month
= $29,150 per year per person including owner.
Hourly wage of $15 per hour, including owner.
Business is likely making no money after expenses, and moved into a
warehouse that is far too large for the product it produces
or the inventory it will ever need to carry.
Life span of this business will be short.
They're doing/grossing, $4.2M a yr./$350K a month. If that's true then they're doing better than flush, much better than flush.
I completely Agree, Im a serial business owner and I'm looking for my next idea but I just can't think of anything that makes mathematical since... it's almost like there's no way to run any product business that isn't cheap Chinese drop shipped junk, EVERYTHING in the USA is simply too expensive to make any money unless you just get lucky and go viral and even then product lifecycles are so short you only have a few months of high sales. It's a war on small business in this country!
Dropshippers thinking they’re in business… 😂😂😂😂😂
@@IIIrandomIII $4.2 million a year, sounds like a business to me.
In not too long he will be bought out by one of the the Big Boys and will walk away with Millions.
This is motivating, much more so than the showbiz Shark Tank episode. I have a product idea for something a hundred strangers have told me they would love to buy. It improves greatly on a product that has been in most homes for 100 years. Getting started with a physical product is challenging.
Thanks to both of you for this interview. Tim could always play a stunt double for Chris Pine in his spare time. 😃
Kegs are round because they are stronger that way. You can squeeze in more product in a round cylinder than a square one. I know liquid doesn’t compress but you can still get more volume. On a square keg, it may start to hydro form into a cylinder if to much pressure. Kinda like submarines are round for a reason. But for sheer volume for a home brew, might be a selling point.
You dropped a great point! Appreciate you tuning in! ☺️
They showed a deformed one, it was spherical. You and I will never develop a product, because it will never be right, yet there are at least a billion people out there who will never think that far ahead, they'll just be stuck for a gift idea, see the show and buy one for any lush in their lives. I didn't hear what the intended use case for these even was. Is this supposed to be like a growler for take-home brew from the local? Was there are Carbonization attachment. It reminds me of those mini homebrew kits that were hot for a minute. Either you use it and buy advanced gear or you don't.
On the other hand how much $ have those Shark Tank guys made? Sure looks like someone got a bargain valuing this at $1.5M. Do they offer anything beyond your appearance on the show? Like, Hey Mark, we're falling a little behind here with the holidays approaching, how are your TIG skills? Oh that's too bad, well, we can put you on the leak testing and acid washing I guess
I randomly care across this channel while working on my own business. You guys are making good content to be honest. Becoming my favorite early morning content to watch while getting ready to start work
The common underlying advice from the entrepreneurs is to start now, always.
As they always say, the first step is always the toughest... so it's best to just get started! 💪
Didn't realize Chris Pine was so entrepreneurial.
Glad to see he's got a backup plan in case the whole movie start thing doesn't work out.
Quite the resemblance is it? 😅
I was thinking he could be the twin brother of actor Eric Dane.
I like everything he said except for the fact he casually mentions how simple it is to find angel investors. THAT IS NOT easy to do or.easy to find.
Thanks for sharing your opinion! It's definitely a case-by-case situation.
Frat bro has a dream about beer kegs,
starts business,
business fails,
frat bro is back at McDonalds flipping burgers.
Actually I recall some air compressors for air btushes used a rectangular profile as opposed to most which were round. A round vessel is of course the easiest and best for distributing air pressure
Thank God for editing when you stick that Tungsten!
That was the nicest segway to a paid Sponsor I ever seen!!! Seamless... It made sense and i was enterted... Colleges could give courses on how good it is...
"I'm not making fun of this video"
I just think its the best Segway I ever seen.
Kegs are round because of pressure and they are to heavy to carry and will be rolled. That is the only purpose why humans invented round kegs and not square (and also it's easier to get a round wooden keg sealed than a sqare one). Nowadays we have forklifts everywhere but still if you own a bar and your cooling storage is in the basement you will never get a keg easier down the steps than a round one.
This is so stupid I can't believe people buy it. But in the USA people buy all sort of bullshit. Wouldn't work in Germany.
Enjoy your shows but just an fyi that's an odd thing to say right on from if the current guest that the more subscribers you get gives you the ability to bring in better and better guests. That insinuates that there are better guests out there than the current one your attaching next to. I suggest changing that to "more and more" guests. Just a suggestion... Keep bringing great content.
Thanks so much! We always appreciate awesome feedback like this! 🙏
Square kegs, who would've thought? 🤔 Tim's story just shows that innovative ideas can come from anywhere at any time.
It’s a great reminder that creativity and thinking outside the box can lead to groundbreaking solutions. 🌟
They managed to fit a square keg in a round hole. Bravo
Since the small ones arent stackable due to tap position, there should be a small carry handle on top
Great idea!
Excellent interview and awesome business venture.
Congrats on your success
Great idea to keep manufacturing in house. What brand is the automated brake?
That's a scary question. The place of manufacture (automated brake) would probably not help the story much. They did zoom in a little on the multi country manufactured/ sourced Lincoln welders though.
Love the business and the products, and of course, this channel 🤑
I see the CO2 cartridges and the problem with that is beer takes a special gas called, wait for it, beer gas to work properly, otherwise it just foams like crazy. I like the idea. It’s $279 on Amazon as of august 2024 and that a ton of money for a tiny keg. There are so many options for kegs that it just doesn’t make sense. If you are bored and just want to spend $300 you could buy a ton of beer for $279. I understand wanting to support an American company too. If I wanted a keg either for beer or soda I would just buy a small fridge with a tap on it already and put a nice little pony keg in it. If I just wanted it for soda at home I would buy a soda stream. Still a cool product and story.
you're assuming that you're the customer and that's why it doesn't make sense to you
@@smartwatchonpluto I’m definitely not the customer. God bless your little heart.
This guy looks a lot like the actor Eric Dane. He starred in the TNT TV series The Last Ship (a great show).
Hey could you send them through an x-ray and have software that does your porosity test
omg at this point can someone help me there is so much business to get started in but dont know what business to do lol
I’m on the same boat with you lol
Focus on what you're passionate about; it's easier to stay motivated and succeed. Consider what you love doing and how it can solve problems or bring value to others. Check out our FREE course that talks about finding and validating a business idea and so much more: www.upflip.com/training/business-startup-blueprint
What do you already know that people might be interested in? You need to make sure there is actual demand before anything else!
This product should be a marketing game, not a production game. He should have outsourced his production and focus on marketing this product.
Great suggestion! Outsourcing production and focusing on marketing could indeed be a smart move.
You should of aaked him about the exact times he would start and finish job, and start and finish his side hustle which is now his business. And what age was he when doing so... and did this help in the process or can he now start another business on the side with the same method and if not why not 🤔
Plus im always looking for a good fulfilment video tutorial with shipping orders, receiving order, and dealing with returns, etc.
Many times the things patent in the beginning are very different then what you make as the product is improved with customer feedback. Patenting is not a one and done process.
Big warehouse small floor coverage 🤔 wouldnt you save money in a smaller place or is there days that the warehouse gets super packed 🤔
amazing episodes and great questions from the host!
Thank you! Appreciate the support! ☺️
You need to interview a few patent lawyers. They might just get some business from it.
So cool to watch this after the shark tank episode i recently saw for the first time! Definitely buying one
That's awesome! Let us know how it goes! ☺️
And staying fit and in shape makes him look like he has discipline. Health is Wealth
Absolutely! Staying fit definitely shows discipline, which you can apply not only to your health but also to all areas of life. 💪
Next in line,
Triangle Kegs
Why not? 😉
Lol yall really didn't show how does it work in a whole documentary ? 😂😂
The fact that the square containers already existed before you made your own.. should give you something to think. Why are you calling your own?
This makes little to no sense.
Great format to tell a story.
We appreciate you tuning in! Thank you for the feedback! ☺️
Can of Beer = mini keg
It's not square though
What are the chances that everyone on here randomly says absolutely, ya and lets do it consistently?
Yes i love manufacturing
Awesome! Are there other industries you'd be interested in?
@@UpFlip other shark tank winners would be cool
Great keg , beer 🍺 inside would only last me 15 min max 😂 not a proper keg for a party of even 5 people 😶🌫️
Sounds like that keg wouldn’t stand a chance at your party! 😅
About 120 psi to make that football
Good video I really enjoyed watching!
So glad you enjoyed! Any business you'd like to see next? 🙌
He really keggified a container.
Hello how are you share the product name
It's a SquareOne by Square Keg! ☺️
as person who didnt know nothing about the product, and clicked on the website link... i didnt understand what is this product... what is the company about...
scrolling down and down then i saw, some sort of media showing some drink coming out of it...
i think he can do the website better...
Thanks for the feedback! It's a good way to improve their user experience and make it clearer what the product and company are all about.
Square Kegs CANT BE ROLLED ONTO TRUCKS FOR SHIPPING.
They are so small you can kick them though.
If you can't roll 'em, stack 'em! 😉
Correct, and I'm sure OSHA has nixxed that method of loading a looong time ago.
How much was that 100 ton press brake?
It's a $250K investment! 🔥
Great story! I’d love to be your gases and welding consumable supplier!!!
I can provide your bulk cryogenic needs and save you a bundle.
i have watched tons of your videos. I was never subscribed. Dont forget to subscribe all! This guy really puts out some great value!
To round out the keg, my guess is 75psi?
1800
100 psi pressure test.
Hotel business and convience store business please
We'll definitely add this to our list! 😉
Father and son look like brothers....ageless.
It’s amazing how some families just seem to defy the aging process.
What great idea 🙌
We're glad you think so. 🙌
Still Waters- In the mist of all chaos lies still waters A timeless presence True essence of Life Waves of unwavering faith guides you to shore while you rejoice in still waters for whats in-store Mind Body and Spirit relaxes as Hurricane winds of peace navigate life I lay calm in the eye of still waters. 🌀Never Give Up🌻.
Amen! 🙏
85 psi
I want to make them in belguim? Can you hook me up?
Feel free to visit their website and connect! Link's in the description ☺️
@@UpFlipThanks flipper😂
Awesome idea
Definitely is! 💪
Как СаняМаня и хроте фамилия делает бабло на экологии, Саня создают очередную компанию (K)RYARYA - конь рокет ротари :) для ветряков и солнечных панелей, Евросоюз башлять хементе дотации, народ покупает платят своих 50, и Евросоюз свои 50 , а так в е идет в сани :))) и веси
❤
We hope you enjoyed the video - thank you for watching! ☺️
Finally a million Subs, Congratulations @UpFlip well deserved!!🥳🥳🥳
Thank you ;)
🤔 would be super interesting to see you guys interview a business that makes the equipment for making things and how they go about working with entrepreneurs who need equipment to build their products 🤔 my main question would be how would we address them for their services for building a equipment for making other products
🏗🛴🛹🛺🚲🚜🛵🦼🧳⌚️🛶🛸
Great story! I’d love to be your gases and welding consumable supplier!!!
I can provide your bulk cryogenic needs and save you a bundle.