As some of you may know, I work in product development for a software company and am extremely passionate about startups and entrepreneurship. As such, I love taking on different ventures in my free time to help grow my skill sets and potentially develop new streams of passive income. Having said that, I would like to tell you guys about a new venture I’ve been working on outside my 9-5. It’s called Timber Executive and you can check out the site here!
Conceptually, our goal with Timber Executive is to provide high quality, design driven wooden jewelry and accessories. Our product line currently includes bracelets and pendants, but we plan on expanding into sunglasses, iPhone cases and belts in the near future.
To be honest, I’ve never been involved in fashion. In fact, the world of fashion is so far outside my wheel house that I would never have done this of my own free will. To be completely honest, I don’t think I can even “pull off” the necklaces we make. But, thankfully, I’ve been given the opportunity to pair up with a team of very talented individuals that I have known for a few years. Collectively, our skills range from marketing, business, product and design, which should help us efficiently allocate responsibilities and tasks.
So whats the end goal? To be honest, I was so enthralled with the concept of working on a fashion venture that I jumped on board right away. Well….after doing some due diligence first. I still had to make sure there was a market (and margin) to scale this business down the road. Without both of those, this venture could never grow into successful business.
Beyond being excited to start a new business, Timber Executive will also serve as an excellent opportunity to see if any of the skill sets I have worked so hard developing in tech are transferable to other industries. Since I will be primarily working on growth and marketing, I feel there is enough overlap in skills for me to provide value while still being able to learn and grow personally.
Moving forward, I plan on documenting this entire journey as we aim to grow this business. At the end of the day, it doesn’t matter whether you develop new income streams via dividend investing, peer to peer lending or buying rental properties. They’re all great ways to diversify and grow your ability to invest and actually achieve financial freedom. Even if a venture only takes you one step closer, that’s one less step you’ll have to take towards reaching your goals.
Having said that, i’ll try my best to provide updates on what it’s taking to get Timber Executive off the ground and how it is progressing. My workload between my 9-5 and outside ventures is about to increase quickly and it may be difficult to post as consistently as I would like. That, plus the fact that Timber Executive is a much slower, grass roots movement type of business that will take longer to get off the ground. But, either way, it will be a fun and exciting adventure nonetheless!