Help us help veterans, and build watches in America. =) - Watch Freeks


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Old 03-10-2013, 07:11 PM   #1 (permalink)
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For those of you that have not seen this or have been wondering when you can order. We are taking orders at this point. =)http://thecgacompany.com/Minuteman
Our press release should be able to get you up to speed. =)
FOR IMMEDATE RELEASE
Contact:
Thomas Carey
[email protected]

There is a new company entering the market with a high quality watch assembled in the United States.
The “Minuteman” line is a product of the CGA Company (thecgacompany.com), who has long had the reputation of offering quality merchandise at reasonable prices.
Company President Thomas Carey stated that it was their desire to provide a high quality product while offering employment opportunities for Americans and also support for organizations that are dedicated to helping veterans in need.
To achieve these lofty goals the CGA Company is using high quality components, many of custom design, and having them assembled in Ohio. A portion of the proceeds from the sale of each item will be donated to various carefully selected charities that focus on providing assistance to needy veterans of our armed services.
Carey went on to state that “too many companies are more interested in maximizing profits than providing employment for Americans. They ship jobs offshore and then expect their neighbors to purchase the product.”
He continued, “We are also very concerned that as a nation we are turning our back on those who have served us the most. As the current conflicts wind down, less and less attention will be paid to those who have sacrificed for us all”.
“We are also bothered by the multitude of groups that claim to help veterans but are really spending the bulk of the funds they raise on more fund-raising and high staff salaries”
He finished the interview by sharing that “while it is a lofty goal to try to launch a new product in a lagging economy, we hope that with the support of the American worker and patriotic citizens of all descriptions we will prevail.”
The “Minuteman” can be found on social media and by visiting the company’s website (www.thecgacompany.com).
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Old 03-10-2013, 09:52 PM   #2 (permalink)
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Hello Thomas,

Great to hear about your watch project and the benefit Veteran's will receive.

As a 30 year Army veteran, hopefully you won't mind me asking exactly how much of each watch salewill bedonated?

Thank you,

Ted Heath

Master Sergeant, USA(R)
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Old 03-10-2013, 09:58 PM   #3 (permalink)
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We are not disclosing that because to be quite honest as its our first go we are really not sure how much net profit there will really be. Reason being is that we already know the prices we have been quoted will be higher when we have the funds to hit production. Also we don't know how much may go to advertising. But basically the profit that would have to be there for a retailer is being used for donation with our direct sale.
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Old 03-10-2013, 10:06 PM   #4 (permalink)
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I would highly recommend figuring out your business plan and sales model so you can state clearly what your actual "portion of the proceeds from the sale of each item will be donated to various carefully selected charities that focus on providing assistance to needy veterans of our armed services." You are pushing that fact about the watch as part of your main sales / marketing pitch.

Be it a percentage or an actual dollar amount I think it would go miles further with potential buyers to know. If you are doing your homework and cost analysis you should be able to accurately know what your margin will be. If you don't, as you mention above, that is an entirely different issue/problem all together for you.

Just my humble opinion
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Old 03-10-2013, 10:21 PM   #5 (permalink)
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TVDinner wrote:
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I would highly recommend figuring out your business plan and sales model so you can state clearly what your actual "portion of the proceeds from the sale of each item will be donated to various carefully selected charities that focus on providing assistance to needy veterans of our armed services." You are pushing that fact about the watch as part of your main sales / marketing pitch.

Be it a percentage or an actual dollar amount I think it would go miles further with potential buyers to know. If you are doing your homework and cost analysis you should be able to accurately know what your margin will be. If you don't, as you mention above, that is an entirely different issue/problem all together for you.

Just my humble opinion
Thanks, for saying what I couldn't in public.

Ted
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Old 03-10-2013, 10:25 PM   #6 (permalink)
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I can tell you based on experience already any amount we care to state will also cause loads of issues.
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Old 03-10-2013, 10:36 PM   #7 (permalink)
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Thomas Carey wrote:
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I can tell you based on experience already any amount we care to state will also cause loads of issues.
As the can of worms is now open, how so?

We know not 50 or 100% is going to tht charity, that is a given as you need to fund the production, etc.

But why am I going to buy a watch, based on your advertising of money going to vets, if your not disclosing how much?

To me that only sounds like there would be an issue if you did not donate the amount you said you were going to.

We did a WF watch with NFW. $50 from each watch went to St. Jude's. No one had any issue with it.

An amount needs to be disclosed if you are going to be giving part of the sale to a charity.
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Old 03-10-2013, 10:39 PM   #8 (permalink)
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Tattoo Chef wrote:
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Thomas Carey wrote:
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I can tell you based on experience already any amount we care to state will also cause loads of issues.
As the can of worms is now open, how so?

We know not 50 or 100% is going to tht charity, that is a given as you need to fund the production, etc.

But why am I going to buy a watch, based on your advertising of money going to vets, if your not disclosing how much?

To me that only sounds like there would be an issue if you did not donate the amount you said you were going to.

We did a WF watch with NFW. $50 from each watch went to St. Jude's. No one had any issue with it.

An amount needs to be disclosed if you are going to be giving part of the sale to a charity.
I agree 100%, with the answers we're getting I have no interest in this watch or company.


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Old 03-10-2013, 10:49 PM   #9 (permalink)
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Thomas Carey wrote:
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I can tell you based on experience already any amount we care to state will also cause loads of issues.
Thomas
You can do whatever you feel is best and my opinion is irrelevant ultimately to your business.

This I will tell you. I have personally owned, or run some larger organizations/companies for the past 20+ years. We ALWAYS know exactly our profit margin on any items sold, rented, leased, or whatever. You don't seem to know that, and unfortunately it seems like you are skirting around the issue. It is just eroding your credibility before you actually have a chance to try to sell your product/watches.

And personally I DON'T agree with your comments above. NO ONE is asking you tell us what you are going to put in your pocket or your profit. All that is being asked is what you are going to donate as you are promoting heavily will POSSIBLY come from the sales of this watch.

If you don't want to disclose an actual amount (like $50 per watch will be donated) then change it to a percentage. That covers your concerns. For example something like "15% of the profit from each watch (after all expenses) will be donated to _______ charity". Then if your profit per watch goes up or down due to production issues, or marketing, or whatever issues/expenses might pop up - then your donation amount will slide up or down and you can easily track and justify this based on your expenses. If your production improves and you start selling and making a bigger positive margin then your donation goes UP for the great charities. This is not rocket science Thomas - it is "Business 101"

Again, just my humble opinion and you can do whatever you feel will work best for your new watch company.

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Old 03-10-2013, 11:24 PM   #10 (permalink)
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Ok fella's I ask you. What are you doing for the vets? Do you know other companies in the business doing anything? You tell me what do you think we should give? What if that's not enough for someone else? Then What?
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Old 03-10-2013, 11:51 PM   #11 (permalink)
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Thomas Carey wrote:
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Ok fella's I ask you. What are you doing for the vets? Do you know other companies in the business doing anything? You tell me what do you think we should give? What if that's not enough for someone else? Then What?
1. I donate to non profits that support our military and veterans, DAV, VFW, USO, etc.

2. I don't know of any watch companies that donate a portion of sales but most offer discounts to the military and veterans, Benarus, Irreantum, Deep Blue to name a few.

3. At the price point you are asking for a quartz watch and the Veteran's sales pitch, I would think $50 per watch should do it.

4. It will be enough and give your brand credibility.
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Old 03-11-2013, 05:25 AM   #12 (permalink)
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Ok fella's I ask you. What are you doing for the vets? Do you know other companies in the business doing anything? You tell me what do you think we should give? What if that's not enough for someone else? Then What?
I am a veteran (USMC 1986 -1992). I am always skeptical about any company that pitches the "help the vets angle".

You say, “We are also bothered by the multitude of groups that claim to help veterans but are really spending the bulk of the funds they raise on more fund-raising and high staff salaries”

Youoffer no evidence to support youraccusation - then refuse to give any information about how funds your organization raises for vets will be spent. Looks like a case of the pot calling the kettle black to me.

As Ted said, $50 a watch seems right.

As far as the actual watches go I noticed this in the description of the movement

"Ronda 715LI Swiss parted version not the Chinese one." This Swissparts version of the Rondais definitely Asian.

D



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Old 03-11-2013, 05:54 AM   #13 (permalink)
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Balad and TV both raise some good, but simple questions.

If you are going to be doing a project like this, you should be able to work out the numbers far enough in advance to say "15% of the profit from each watch (after all expenses) will be donated to _______ charity". If something like that can't be worked out, then you have some accounting issues and may need to re-work the business plan.

Also, as a Army combat veteran, and the spouse of a combat veteran, I'd like to see what charities are being considered. I am not saying that to knock your possible choices, but not all charities measure up as well as they would like you to think. It is easy to fall back on "the Wounded Warrior Project", and the Fisher house, but some other charities have managed to spend more money running their organization that they have helping veterans (even as non-profits). I am very selective in the Veteran charities I support, because living and working in Washington DC, I see where a lot of this money gets wasted.
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Old 03-11-2013, 08:17 AM   #14 (permalink)
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What is a Minuteman? History tells us that they were patriots who risked their property, their freedom, and even their very lives to answer the call to save their country from a foreign tyrant.
Once again we are calling on our fellow patriots to take action to save our way of life from an off-shore threat.
We sat back and lived the good life while all of our industries, and with it our jobs, were shipped out of the country by uncaring multi-national corporations and the corrupt politicos that enable them. It is time to start supporting American products and not just keep going with the cheaper foreign produced goods.
We cannot call for a “living wage” for American workers and not be willing to pay a little more in order to support an American made product.
It was these realities that lead us here at The CGA Company to develop the concept for the “Minuteman” watch. We decided to product a high quality time piece using as many U.S. made components as possible and have it assembled here in America by Americans. “By Patriots for Patriots”.
We expended considerable effort trying to find disabled veterans who were qualified watchmakers to do the assembly but were not immediately able to identify any. In the future we hope to be able to offer scholarships to disable veterans to accredited watchmaking schools and after graduation to offer them employment opportunities.
But for the time being we decided that in addition to growing our brand, providing employment for Americans, and creating a market for more American companies to product components for, we would donate 10% of the profit to efforts that truly do help disabled veterans. The donation from our 1st production run will be going to The Gary Sinise Foundation.
Sadly many who make this claim spend most of the money they raise on executive salaries and advertising to raise more money, and little to directly help those who have sacrificed the most.

While some may feel that this percentage is not very large we would ask that you look around at what others are pledging.
Remember, The CGA Company is not a non-profit enterprise. We pay salaries to American workers. We pay taxes. We support other efforts to keep the flame of Liberty and the American Dream alive.
So we would ask all of our fellow Patriots to answer the call to help make America great again. Restore the quality, service, and pride that “made in the U.S.A.” used to mean. We would also humbly ask that you consider helping us in our efforts toward that end by purchasing a “Minuteman” watch.
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Old 03-11-2013, 08:31 AM   #15 (permalink)
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DIAMANTE wrote:
Quote:
Thomas Carey wrote:
Quote:
Ok fella's I ask you. What are you doing for the vets? Do you know other companies in the business doing anything? You tell me what do you think we should give? What if that's not enough for someone else? Then What?
I am a veteran (USMC 1986 -1992). I am always skeptical about any company that pitches the "help the vets angle".

You say, “We are also bothered by the multitude of groups that claim to help veterans but are really spending the bulk of the funds they raise on more fund-raising and high staff salaries”

Youoffer no evidence to support youraccusation - then refuse to give any information about how funds your organization raises for vets will be spent. Looks like a case of the pot calling the kettle black to me.

As Ted said, $50 a watch seems right.

As far as the actual watches go I noticed this in the description of the movement

"Ronda 715LI Swiss parted version not the Chinese one." This Swissparts version of the Rondais definitely Asian.

D


As far as the movement goes they give you 2 options. 1. Is a Chinese built version with Swiss parts. 2. Swiss parted and Swiss built. Now that info comes direct from both Ronda in Hong Kong, and Ronda in Switzerland. So that's were I get my info. As such we did change the product description on our web site.
For your information sir we have in many places though not here as of yet stated the funds will go to the Gary Sinise Foundation. That was chosen after we looked at what percentage each group we looked actually gets to the core charity. To be specific we have asked that the donation goes to this specific effort.http://www.buildingforamericasbravest.org/
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Old 03-11-2013, 08:43 AM   #16 (permalink)
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Now you are questioning the efforts of OTHERS? I have seen you do this on other sites also. Thomas, with all due respect, you are the one producing a watch and eventually selling a watch. Yet you think questioning your potential customers, (and in this case actual military veterans) is positive for your business plan???? No one has to explain anything to you on what they give to charities. This really is counterproductive to what you are trying to accomplish. The people posting here and on other sites are the people who might be your customers someday.

I have personally seen you post on multiple different sites (and in multiple different messages) about how you are selling everything from your other flea market businesses and it is costing this or that to make these watches, etc etc etc. That is the cost of creating a new company and doing business right? Everyone scraps and struggles and borrows and pulls in all of their resources when they are trying to create a new company and potentially something great. The customers can be sympathetic but in the end they just want to know what they are actually buying and if the product is of good quality or not.

Thomas - as far as I seen very few people have questioned your overall thought process of creating a watch brand with veterans directly working at it and some (not yet disclosed) amount/percentage of money from each sale going towards military connected charities (also not yet disclosed). It is a positive direction for what you are trying to do. But too many questions keep coming up that either you don't have the answers for, are unprepared with the info, or just refuse to be transparent with the answers. That is 100% your actions to date.

I would have rather seen you do your research and then pick a worthy charity and got them involved. State clearly what you were doing and with whom and how much is being donated from the profits of the venture. I work with large charity groups almost every week and they ALL love to get behind and partner with well thought out positive projects like yours and especially ones that COULD bring in positive PR potentially. Most of the time they don't give $$$ to help you but they can give a lot of support, exposure, and connections. But that would have taken more planning and time initially to have all your "ducks in a row" and business details set.

Instead of worrying about what everyone says - Get your details and info set, post your "mission statement" or mission on your website for the new brand (if there is a website) like other small brands do, and then worry completely about actually producing the watches. We have all seen lots and lots of small watch brands talk a big game initially and then never produce a watch or what they originally said they would do.


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Old 03-11-2013, 09:13 AM   #17 (permalink)
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We did just disclose the percentage.

Thanks so much for your support and wisdom. Have a blessed day gents. =)
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Old 03-11-2013, 10:45 AM   #18 (permalink)
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TVDinner wrote:
Quote:
Now you are questioning the efforts of OTHERS? I have seen you do this on other sites also. Thomas, with all due respect, you are the one producing a watch and eventually selling a watch. Yet you think questioning your potential customers, (and in this case actual military veterans) is positive for your business plan???? No one has to explain anything to you on what they give to charities. This really is counterproductive to what you are trying to accomplish. The people posting here and on other sites are the people who might be your customers someday.

I have personally seen you post on multiple different sites (and in multiple different messages) about how you are selling everything from your other flea market businesses and it is costing this or that to make these watches, etc etc etc. That is the cost of creating a new company and doing business right? Everyone scraps and struggles and borrows and pulls in all of their resources when they are trying to create a new company and potentially something great. The customers can be sympathetic but in the end they just want to know what they are actually buying and if the product is of good quality or not.

Thomas - as far as I seen very few people have questioned your overall thought process of creating a watch brand with veterans directly working at it and some (not yet disclosed) amount/percentage of money from each sale going towards military connected charities (also not yet disclosed). It is a positive direction for what you are trying to do. But too many questions keep coming up that either you don't have the answers for, are unprepared with the info, or just refuse to be transparent with the answers. That is 100% your actions to date.

I would have rather seen you do your research and then pick a worthy charity and got them involved. State clearly what you were doing and with whom and how much is being donated from the profits of the venture. I work with large charity groups almost every week and they ALL love to get behind and partner with well thought out positive projects like yours and especially ones that COULD bring in positive PR potentially. Most of the time they don't give $$$ to help you but they can give a lot of support, exposure, and connections. But that would have taken more planning and time initially to have all your "ducks in a row" and business details set.

Instead of worrying about what everyone says - Get your details and info set, post your "mission statement" or mission on your website for the new brand (if there is a website) like other small brands do, and then worry completely about actually producing the watches. We have all seen lots and lots of small watch brands talk a big game initially and then never produce a watch or what they originally said they would do.

This.

A thousand times. THIS.

Seriously.
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Old 03-11-2013, 11:00 AM   #19 (permalink)
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Nailed it.


TVDinner wrote:
Quote:
Now you are questioning the efforts of OTHERS? I have seen you do this on other sites also. Thomas, with all due respect, you are the one producing a watch and eventually selling a watch. Yet you think questioning your potential customers, (and in this case actual military veterans) is positive for your business plan???? No one has to explain anything to you on what they give to charities. This really is counterproductive to what you are trying to accomplish. The people posting here and on other sites are the people who might be your customers someday.

I have personally seen you post on multiple different sites (and in multiple different messages) about how you are selling everything from your other flea market businesses and it is costing this or that to make these watches, etc etc etc. That is the cost of creating a new company and doing business right? Everyone scraps and struggles and borrows and pulls in all of their resources when they are trying to create a new company and potentially something great. The customers can be sympathetic but in the end they just want to know what they are actually buying and if the product is of good quality or not.

Thomas - as far as I seen very few people have questioned your overall thought process of creating a watch brand with veterans directly working at it and some (not yet disclosed) amount/percentage of money from each sale going towards military connected charities (also not yet disclosed). It is a positive direction for what you are trying to do. But too many questions keep coming up that either you don't have the answers for, are unprepared with the info, or just refuse to be transparent with the answers. That is 100% your actions to date.

I would have rather seen you do your research and then pick a worthy charity and got them involved. State clearly what you were doing and with whom and how much is being donated from the profits of the venture. I work with large charity groups almost every week and they ALL love to get behind and partner with well thought out positive projects like yours and especially ones that COULD bring in positive PR potentially. Most of the time they don't give $$$ to help you but they can give a lot of support, exposure, and connections. But that would have taken more planning and time initially to have all your "ducks in a row" and business details set.

Instead of worrying about what everyone says - Get your details and info set, post your "mission statement" or mission on your website for the new brand (if there is a website) like other small brands do, and then worry completely about actually producing the watches. We have all seen lots and lots of small watch brands talk a big game initially and then never produce a watch or what they originally said they would do.

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Old 03-11-2013, 02:08 PM   #20 (permalink)
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Thomas, I got it:

10% of the profits going to the Gary Sinise Foundation.

http://www.garysinisefoundation.org/

Thank you, that wasn't hard was it?

In my opinion a worthyfoundation and a reasonable donation percentage of profits.

Thanks,

Ted


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