Today’s guest on Hack the Entrepreneur is an entrepreneur and an inventor who consistently earns millions of dollars licensing his ideas to companies like Disney, Nestlé, and Coca-Cola.
He is not high-tech, but he knows how to take an idea and make it a global sensation very quickly.
Before becoming a savvy inventor, he spent part of the 1980s as the head of design at Worlds of Wonder. They had two number-one hit toys that you may remember: Teddy Ruxpin and Lazer Tag.
Since that time, he has started his own businesses, InventRight and Spinformation, and has sold hundreds of millions of dollars in products.
He is the author of the bestselling book, One Simple Idea. He currently writes a weekly column on Entrepreneur.com and also writes regularly for Inc Magazine.
Now, let’s hack …
In this 28-minute episode of Hack the Entrepreneur, host Jon Nastor and Stephen Key discuss:
- Why the multiplier effect is required to produce great wealth
- Why creative people get distracted so often (and how to work through this)
- How to choose an idea that you can implement very quickly
- The one simple thing Stephen did that doubled his business in eight months
- Why you should borrow ideas when you see them
Hack the Entrepreneur on iTunes