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How to Validate and Launch a Successful Product in the Market with Mike Watts #023
Manage episode 349187099 series 3423722
Mike Watts is an experienced entrepreneur who has 6 startup companies under his belt including founding three consecutive multi-million dollar companies in the last 10 years. He has successful exits from three companies including one for over $6 million, and he had a business partnership with Shark Tank famous: Daymond John.
He currently serves as Founder and CEO of LoveHandle, a fast-growing American manufacturer of custom smartphone grips. His products which have been featured on Good Morning America, QVC, HSN, The Today Show and sold through major retailers such as Walmart, CVS, Home Depot, Lowe’s, RiteAid, Office Depot and more.
Mike is also a regular keynote speaker for entrepreneur and inventor group, a guest professor at Texas AM University's entrepreneur program in College Station, a 2-time winner of the Aggie 100 Award for fastest growing companies and has been listed on the Fortune 5000. In today’s interview Mike shares his tips and experience on how to overcome the market’s most challenging scenarios.
In this episode we cover:
-Challenges when becoming an entrepreneur
-Sourcing and manufacturing a product during a crisis
-Finding a reliable supplier
-Increasing the odds for success
-Finding a valuable investor/mentor
-Steps on overcoming the “perfect” idea
-Validating your business model
-Dealing with competition or property loss
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