#011: Erik Maltais: Recognizing Future Market Opportunities Through Virtual Reality
Erik Maltais – Co-founder, CEO and servant leader at Immertec talks to Jason A. Duprat, Entrepreneur, Healthcare Practitioner and Host of the Healthcare Entrepreneur Academy Podcast. Erik Maltais addresses how he began making $5,000 a day when he was 14-years-old. He also shares what he’s learned from different business experiences, how he got involved in IMMERTEC without being a medical expert and the importance of identifying problems that require solving in order to be a successful entrepreneur.
What was Erik Maltais’ upbringing like?
Erik shares a story about starting an ice cream truck business.
How did Erik exit the ice cream truck business?
Did Erik have entrepreneurial ideas in the military?
Erik discusses how his early failures led to major success.
What does an exit strategy and process typically look like?
What was the initial starting point for IMMERTEC?
Erik shares stats and issues underlining the demand for technologically-advanced medical tools and training.
Erik talks about why you don’t need to be an expert in the industry you're entering to achieve success.
When you're raising money, be ready to say “no” if it isn’t right for the company.
What resources does Erik recommend?
If you don’t create a company culture, it will create itself.
3 Key Points:
You can often learn more from experts and hands-on experience for starting a business rather than relying on your college education.
Figure out how to automate your business and be able to remove yourself from it.
5 billion people on earth don’t have access to safe and affordable surgery, which will require doubling the number of physicians we have by 2030.
“You can find a problem in the world, offer a solution and then take action to make something happen.” – Erik Maltais
“I learned competition is a real thing and the minute you start to make money, people are going to come along and copy you. I also learned you can’t let things go to your head.” – Erik Maltais
Anything you do in life should create value in the future.” – Erik Maltais