A pioneer must be equipped with exceptional ideas before he or she
can begin trailblazing. As we know that venturing into unknown
territory can be overwhelming and risky, we're going to discuss how to
break down some of the barriers that prevent people from becoming
Q&A - Developing financial projections
invited Woodie Neiss, CFO and co-founder of a three-time INC500 company
to share the skills he's acquired through his innovation process of
FLAVORx, in addition to the newly released product - EQ, the Smart
Woodie's three tips:
- Surround yourself with creative employees and colleagues. Hold brainstorming sessions away from the office.
Q&A - Making decisions about compensation
- Proactively collect information. Survey your customers, employees, family, and friends.
- Look for alternative applications for your product, outside of your core competency.
Selected Q & A transcripts from this radio show
Q&A - Drawing a salary as an entrepreneur
Q&A - Raising startup capital
Q&A - Willingness to pay for online newsletters
About Woodie Neiss and FLAVORx
a three-time INC500 company, is in the business of bringing good taste
to the medical and veterinary industries. FLAVORx brings the excitement
of an ice cream store into the pharmacy and, at the time of dispensing,
allows a customer to choose the flavor (anything from apple to
watermelon) they want their medication to come in. The company licenses
the right to use the system to independent retail, chain, hospital, and
health care organization pharmacies, as well as veterinarians. FLAVORx
was incorporated in June 1995 and since then has expanded distribution
into 37,000 pharmacies in the US and is expanding internationally.
Neiss co-founded FLAVORx with Kenneth Kramm. Woodie serves as Chief
Financial Officer and is responsible for overseeing the finances of the
company, as well as raising capital. Most recently, Woodie has been
involved with the launch of EQ, the Smart Energy Drink.