Business Growth Podcast

BGP 028 Nancy Tedeschi Inventing Physical Products

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Sinopsis

Nancy Tedeschi is the inventor of Snap It Screw. We talk about inventing physical products, getting on the shelves of Wal-Mart, and creating a global brand. Her invention http://snapitscrew.com has revolutionized the eye glass industry and made millions of dollars. 0:00 – Introducing Nancy and her inventions 1:14 – Her biggest breakthrough “Snap It Screw” 3:10 – Inventions… “if you can do something simpler than what’s out there now, then that’s how you test whether you have a good product or not” 3:41 – There are 2 kinds of inventors 4:24 – She talks about the many challenges while growing up 7:37 – How she found her confidence 10:25 – Why she QUIT 12:11 – Getting her patents 16:34 – Stephen Key told Nancy she was nuts for taking Snap It Screw to retail 17:53 – How it took over a year to get her product into Wal-Mart 24:56 – Why fear almost paralyzed her 28:35 – “It’s all about the money, until it’s not about the money” 31:00 – Bootstrapping vs. taking Venture Capital 32:22 – Advice for creating physical prod