This week’s episode highlight:
Innovating and tackling a big world problem with
Dr. Harshal Chokhawala

Here are three key takeaways:

1. Scalability and Cost Efficiency Are Key to Industry Disruption: The ability to scale effectively and meet market price points is crucial for widespread adoption, regardless of the industry. Imagine the impact if your product or service could reach millions while staying affordable; this is where true industry transformation happens.

2. Mission-Aligned Partnerships Drive Success: Whether you’re in tech, retail, or a service industry, find mission-aligned partners and cross-polinate ideas. When partners from different backgrounds but with a shared mission collaborate, they can generate fresh ideas and solutions that neither could have achieved alone, driving innovation and success.

3. Bridging the Gap Between Technology and Commercialization: Identify a clear problem, validate the market demand, develop a strong value proposition, from the outset - design for scalability, and focus on building a strong brand and fostering customer loyalty through quality, support, and ongoing innovation.

Strategy Spotlight:
Innovation meets Market Demand: Many great ideas fail not because the concept isn’t brilliant, but because they don’t connect with real market needs. As you develop new products or services, continuously validate your ideas with your target market. Engage potential customers early on, gather feedback, and refine your offering to align with their needs.

Positivity Corner:
Reflecting on Your Legacy: Consider your legacy —the culture, traditions, and values you want to leave behind. Taking time to reflect on your journey helps you find meaning, success, and happiness in what you do. It’s not just about the end goal, but about building something lasting that aligns with your core values.

Thank you for being a part of Time To Live: Thriving in Business and Beyond! As always, we love hearing from you, so feel free to share your thoughts, questions, or feedback.

Stay inspired,

Anne McGinty
Host of 'How I Built My Small Business'

Start with the problem first—then let the ideas flow.

I keep an on-going list (several) of problems that I’ve noticed in the world; problems that I think need solutions! That doesn’t mean that I’ve come up with how to create the solution, but maybe you can. You can download this document here.

Last Week’s Episode Highlight:

Craven Farm Pumpkin Patch

Kimi is kind, humble, but incredibly savvy. I reached out to her because I am fascinated by the pumpkin patch business model. And, on the day of the interview, she and her husband were signing papers to close on the purchase of Whitewall Brewery. BOOM.

Do you see where I’m going with this? They started with a concessions business that popped up at fairs in Montana. Then, they sought out a pumpkin patch where they could add value with their own in-house concessions. And now, they’ve bought a local brewery that needed new life breathed into it—creating a win for everyone involved. The next step: securing a beer license for their pumpkin patch, holiday festivities, and weddings.

It’s a family business where their kids can watch and participate in the growth process, generate epic income, create jobs, and offer the community new reasons to gather.

It’s brilliant!

Stay inspired,

Anne McGinty
Host of 'How I Built My Small Business'

Let’s Connect!