The K-Factor podcast is produced by CHYE – Crown Heights Young Entrepreneurs in partnership with community news website COLlive.com.
The K-Factor offers business wisdom that can help future business leaders to make the “Keli” (the Hebrew word for vessel) so they can grow their business aspirations.
Episode #43 Neil Werde “Inside the world of product inventions”
Across more than 4 decades of his successful career Neil has worked for and led many major product corporations such as Mattel Toys, Rhino Records and Petmate. Neil has conceived of and brought to market products from across the spectrum of the consumer goods experience. Many of his products were carried nationwide in major retail and in-line outlets and grossed multi million dollars in sales.
A dynamic, competitive hands-on professional with diverse experience in pet products, toys, music & recorded entertainment, and consumer products.
In this interview:
Always keep your career options open
Never burn your bridges
Lessons in growing too fast
Importance of a mentor
ABC’s of Product development
Make sure your idea is not already out there
Decide what you want to spend
Understanding patents
Non-disclosure agreements
Licensing your product
Understanding royalties
Book to read: Idiots guide to selling your invention
Don’t give up
To recommend someone for an interview, email Rabbiw@chye.info
AUDIO:
I think this is an elevation of business – into a chassidic website