Learning About Entrepreneurship on a Plane (Pt. 1) : How to Determine When to Manufacture Locally or Abroad

On a long flight, you can learn a lot about entrepreneurship if you happen to sit next to another entrepreneur. Recently, I was seated beside an entrepreneur who was traveling for his third time back to Asia to make sure the product he was manufacturing there was going to be ready to ship.

He talked about the difficulty in getting his product manufactured and he hoped this was going to be his last trip... he hoped. We had a lengthy conversation about his market, his opportunity and his time to...