Meghan, who owns Imua Services, is known for her medical device podcast, videos, and industry connections. She’s a patriotic military wife, pet parent, and has founded 4 businesses. After guiding several companies through medical product development, she just launched her program “Invention Idea to Profitable Product” to help thousands more.

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Resources Mentioned:

Audible – Get a FREE Audiobook & 30 day trial if you’re not currently a member!
Infusionsoft – Meghan’s small business resource
The Purpose Driven Life – Meghan’s Top Business Book
Imua Services – Meghan’s website
Connect with Meghan on Twitter, LinkedIn, Facebook or on her website
The Freedom Journal – Set & Accomplish your #1 goal in 100 days!
Skills on Fire – Get quick and powerful tutorials on Snapchat, Instagram and Facebook Live!

3 Key Points:

An entrepreneur’s scope of work is always going to change.
Look at adding value in other peoples’ lives.
Make any partnership or business relationship formal.

Time Stamped Show Notes

(click the time stamp to jump directly to that point in the episode.)

[01:14] – There’s always a need out there
02:19 – Value Bomb Drop: Focus and do market research. Spend time defining your product requirements
[04:10] – Before showing people you can boil the ocean, boil a cup of water first
05:10 – What is something you’ve changed your mind about in the last 6 months? Getting into first class. A colleague gave some advice: Try to get in first class as much as you can when you’re flying
[05:40] – You should always talk to people on planes
[06:09] – Always be looking to add value to other peoples’ lives
08:38 – Worst Entrepreneurial Moment: I helped someone start a company a few years back and I was overly optimistic. I worked with this guy building a $2.5M biz, but had nothing formalized. It ended up not working out
[11:08] – You can make things happen
12:14 – Entrepreneurial AH-HA Moment: When I first started, I was the big connector. After a while, I realized I should become the resource
13:53 – What is the one thing you are most FIRED up about today? Spending time meeting peoples’ needs with a system
[14:13] – Meghan’s system and program that gets people from bootstrapping to knowing whether the idea is business worthy
[14:57] – Beta version of Invention Idea to Profitable Product available for Fire Nation
- [15:05] – There are 10 slots FOR FREE
- [15:15] – Once the program is refined, persons with slots can go through it again for FREE!
- 15:17 – If you’re listening, go to Imua Services to sign-up
- [15:43] – Text the word Invention to 44222
- [15:52] – The first five to send an email to Meghan right after signing up get a signed Freedom Journal!
[18:10] – The Lightning Round
- What was holding you back from becoming an entrepreneur? – The confidence to lead the charge
- What’s the best piece of advice you’ve ever received? – Not everyone you meet will respect you right away
- What’s a personal habit that contributes to your success? – Setting and accomplishing goals with The Freedom Journal
- Share an internet resource, like Evernote, with Fire Nation – Infusionsoft
- If you could recommend one book to our listeners, what would it be and why? – Put a Shark in Your Tank (coming out this winter!) & The Purpose Driven Life
[21:21] – Find out what your purpose is and always go after that
21:32 – Connect with Meghan on Twitter, LinkedIn, Facebook or on her website