The core of entrepreneurship is getting out to solve problems through offering services or manufacturing products.  

 

And as it goes, no one knows the product better than the manufacturer who has the original idea. This implies that an inventor will most likely become a bottleneck to the manufacturing process. Delegation can be difficult, but with the right mindset and skills, you can grow exponentially. Eli Packouz, who joins us in this episode, reveals his secrets.  

 

He advises entrepreneurs to chase only what brings a great impact and delegate what does not to others. He firmly believes that efficiency is based on what you do and what you don’t do. 

 

Eli is a serial inventor and two-time founder. In 2013, he and his brother initiated their first venture, Singular Sound, which has introduced eight highly successful products. Collaborating with Dr. Ralf Raud and Dr. Ana Mascarenhas in 2017, Eli embarked on a new project to develop Instafloss, the world's first device designed to floss all teeth automatically within 10 seconds. Following five years of dedicated research and development, Instafloss is poised to revolutionize dental care, aiming to transform smiles across the globe, one tooth at a time. 

 

Tune in.  

 

Key Highlights from The Show 

[02:49 ] What Eli’s bottleneck index score of 38% reveal to him  

[04:25 ] The manufacturing process - from an idea to a product 

[08:01 ] Heavy manufacturing expenses and ways to seek investments 

[09:05 ] How to get your customers excited by your product and even pre-order 

[12:23 ] How the dental floss product idea came about 

[13:52 ] Why patience is paramount in business 

[17:50 ] Prototypes Eli produced before reaching a final product 

[23:39 ] Eli’s motivation to become an entrepreneur 

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