Scott Petersen is the Executive Director for The Rollins Center of Entrepreneurship and Technology at Brigham Young University (BYU). The center has been ranked in the top five for entrepreneurship by the Princeton Review for the past 10 years, and this past year, they ranked number 3.
The Rollins Center has helped hundreds of students launch products and scale innovative ventures. Although they have found success with dozens of huge software companies that have sold for billions of dollars, Scott and his team have helped brands like Fuse, Myostorm, Owlet, FiberFix and others, some of which have got to the point where they're selling thousands of units per week. Scott is also a published author, an award-winning mentor, and a friend.
In this episode…
According to Scott Petersen, building a company requires an entrepreneur to look at so many factors in order to get to his desired end result which is to have an established brand in a rapidly growing market. You have to look at sales, marketing, branding, administration, finance, and a whole bunch of other things to make sure that things are going as planned. And the one thing that business owners should never miss doing is to highlight what sets their product apart from others.
Scott Petersen of The Rollins Center of Entrepreneurship and Technology at BYU says that for a business to thrive and survive, it actually needs to get to know its competition, its market, and the things that make customers tick. Because catching customer interest is one thing, keeping them hooked is quite another.
Join Eric Stopper in this episode of the Buy Box Experts as he talks to Scott about how to run a successful business both on and off of Amazon, the strategy he used to to make his company grow to over $35 million in less than five years, how he manages customer feedback on Amazon, and how he validates whether a new business or idea or product is good enough for launch. Stay tuned.