Finding Simple Solutions to Complex Problems with David Hanacek

Update: 2021-07-20

Description

In this episode, Chris talks with David Hanacek, Owner of CanCoverIt and EcoCycle Solutions.

David is a prolific inventor and he holds patents on different DIY and eco-friendly products. With expertise in engineering and manufacturing, David is passionate about creating and designing sustainable solutions for the yet unmet needs of the market.

Chris and David discuss the significance of effective problem-solving, capital funding, and the disruptive innovation in physical products-based businesses.

“That's what is really critical about any product. It's not just one aspect of it; It's a user experience that goes along with it. That's why, obviously, as much as I can, I do planning. I love it because the complexity of it will definitely keep you thinking and alert even in my old age.” ~ David Hanacek

Main takeaways

Always remember that the pacesetters in an industry are not the top companies, but the consumers. Do extensive market research and look at consumer behavior instead of scrutinizing competitors’ moves.

Introduce simple solutions for complex problems. Design a product/service that is efficient, intuitive, and not too rigid.

Fix the way that capital and thinking go together. As ideas keep coming, you have to keep funding coming in, too. It’s the only way companies innovate and expand.

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