Are you looking for profitable business ideas but aren’t sure where to start. Learning from the experts can be a great way to get started, and there’s no better person to learn from than life-long entrepreneur and lean guru Paul Akers.
Unlock FREE Access to the Business Masterclass: bit.ly/46pR4uP
Paul Akers is the founder and president of FastCap, a product development company with a focus on professional hardware and woodworking tools.
Since starting in his garage in 1997, FastCap has twice won business of the year in 1999 and 2010. They launch 20-30 innovative products every year, an impressive pace for any business.
How has FastCap maintained their relevance in today’s quickly changing landscape? It starts with a mindset of continuous growth and an emphasis on products that fill a customer need. Evaluating your own business ideas by this standard is a great place to start for aspiring entrepreneurs.
A prolific inventor, Paul is a great source of top business ideas. His books on living and working lean have inspired people around the world. In this 2-part series, we’ll talk about his small business ideas and how you can put them to work to find your own path to success.
Resources:
bit.ly/4cYOM8k - Start or Grow Your Business with UpFlip Academy
bit.ly/46pR4uP - Start your own business using Brandon’s strategies with the Business Startup & Growth Blueprint
www.fastcap.com - Find Out More About Paul's Business
Timestamps:
0:00 Intro
2:09 Meeting Paul
4:10 Example of how to improve a certain process
5:41 How to find a good business idea
7:23 Examples of Pauls product
8:52 Concept of lateral thinking
10:35 Another example of how to improve a product
11:59 Idea of observing other cultures
14:12 Tools to help you find the right business idea
15:39 Another example on improving a process
17:02 Validation
18:02 Solving the problems in front of you
19:06 Outro
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