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[Music] hey guys my name is Jared hall and Im president of a Power Corp a power Corp is a contract manufacturer that improves the manufacturing efficiencies for startups so todays video is going to explain what is contract manufacturing a contract manufacturer is a company that you contract out you to make your products so youre probably thinking that is a factory and youre right it can be a factory however its important to remember that not all factories are contract manufacturers but all contract manufacturers are factories and the reason for this is that contract manufacturers provide some extra services that you cannot get from factories that provide you guys with commoditize products that you find on Alabama so that is more of the main difference so for you guys you guys have to worry about a lot of things as a start-up such as driving sales fundraising developing partnerships building and sustaining hype developing your products managing the logistics managing the productio