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Building Foretopia: How David Lindmeir Is Transforming Businesses with NetSuite
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Join us in this inspiring episode of the Maker Manager Money podcast as host Kyle Ariel Knowles interviews David Lindmeir, the founder and CEO of Foretopia. David shares his entrepreneurial journey, from his childhood experiences in his family's candy store to launching his first business, eWatches, and eventually founding Foretopia, an IT services consulting firm specializing in the Oracle NetSuite ERP platform.
KEY LEARNINGS
Embrace the Entrepreneurial Spirit Early On: David's childhood experience working in his parents' candy store instilled a passion for entrepreneurship. Despite witnessing the business's challenges and exhaustion, he recognized the value of hard work and customer service. This early exposure shaped his future ventures, reminding us that the entrepreneurial spirit can be nurtured from a young age.
The Importance of Scaling with the Right Tools: One of David's pivotal decisions at eWatches was implementing NetSuite as their ERP system, even when it seemed overpowered for their initial needs. This foresight allowed the business to scale effectively and manage inventory seamlessly. David emphasizes that having the right processes and systems in place is crucial for growth, a lesson that resonates with any business looking to expand.
Value-Driven Consulting: With the launch of Foretopia, David aims to provide more than just standard consulting services. He focuses on understanding clients' long-term visions and helping them achieve their goals through tailored solutions. This approach builds trust and empowers clients to think beyond day-to-day operations, fostering innovation and growth within their organizations.
In this episode, you'll learn about:
- David's early entrepreneurial influences and experiences working in his family's business.
- His transition from a career in product management to starting eWatches and the challenges he faced along the way.
- Key lessons learned from scaling eWatches to over $7 million in sales and successfully exiting the business.
- Insights into the importance of implementing effective systems and processes for business growth.
- The founding of Foretopia and its mission to help companies achieve their full potential on the NetSuite platform.
- An exciting sneak peek into DubSuite, a new app and services marketplace for NetSuite that David is launching.
Whether you're an aspiring entrepreneur or a seasoned business leader, this episode is packed with valuable insights and practical advice.
LINKS
- Follow David on LinkedIn
- Foretopia: Oracle NetSuite Alliance Partner
- DubSuite NetSuite Apps & Services
- How to Win & Influence People by Dale Carnegie
- The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses by Eric Ries
- Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant by W. Chan Kim and Renee Mauborgne
- The Inner Game of Tennis: The Classic Guide to the Mental Side of Peak Performance by W. Timothy Gallwey and Zach Kleiman
- Follow Kyle on LinkedIn
Chapters
1. Introduction to the Podcast and Guest (00:00:00)
2. Services Offered by Foretopia (00:00:00)
3. The Meaning Behind Foretopia (00:00:00)
4. David's Entrepreneurial Childhood (00:01:31)
5. Lessons from Family Business (00:02:56)
6. Education Journey and Early Career (00:04:05)
7. Transition to Business School (00:05:55)
8. Experiences in the Early Internet Era (00:06:44)
9. Career at U.S. Robotics and Product Management (00:08:10)
10. The Breakfast Club and Entrepreneurial Ventures (00:10:08)
11. Starting eWatches.com (00:11:03)
12. Challenges of Starting a Business (00:14:00)
13. Growth and Success of eWatches (00:17:00)
14. Key Lessons from eWatches (00:18:51)
15. Marketing Strategies and Google Ads (00:20:55)
16. Self-Implementation of NetSuite (00:22:04)
17. Family Involvement in Business (00:24:55)
18. Post-eWatches Career Moves (00:26:20)
19. Uber Doors and ERP Implementation (00:30:53)
20. Transition to Foretopia (00:31:25)
21. Diverse Clientele and Industries (00:41:21)
22. Exciting New Platform: DubSuite (00:42:12)
23. Launch Plans for DubSuite (00:45:20)
24. Lessons from Being a Second-Time Founder (00:46:06)
25. Get to Know You Questions (00:50:19)
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