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Means a stamp of excellence. we ve really stuck to what we do. how many companies who started back 159 years ago building a particular product are still building that same product today? that, in my word, speaks volumes. throughout the day here at the summit, we ve been collecting questions from the atte attendees and the questions they have about running their business and we have our pan aal here. reba is one of our regular panelists and founder and ceo of grow business media and the leading financial website for women. thank you so much for joining us. thank you for having us. the first question comes from annette. a dynamite branding story but the company does not have strong enough distribution, do you resist the temptation to go out with your story of a first and ....
Will look for in somebody you will work with for a long time. i say 75% of the time, the company is not doing what we invested in them a year later. they listened to the needs of the customer. they did the fine tuning. we look for the leader. they are the ones doing the itterating. i m a person and i have a fantastic idea. i m going to talk to you. what can i do to show i m a smart person and iterate. make sure you know what we invest in and what other companies we invest in. the beauty about being an entrepreneur is the resource of the internet and the information available to you. i look for somebody who is prepared and knows a bit about me and what i have done and what i look for. you know, i m so driven by the relationship to the customer ....
Have to happen. one, you cannot make too much money. if you make too much money, everybody wants to sell it and get rich. if you don t make enough, they leave. you may say he found a sweet spot for the company. too much success onç the one hd and too much stress on the other. the most efficient boat in the world and the lines are like a knot. james mcallister started it with a single cargo boat. he launched a transport business to help himself and three brothers. we have the mcallister towing. the next generation expanded it behind cargo to passenger ships and tugboats and towing. as the new york port expanded, the family diversified with different businesses all with the mcallister name. ....
Only? when you start a company, you re excited to get it out there, if people can t buy your product or service, do you wait until you have distribution? ....
The market. for us, we build this instrument always to improve it, to make it better, but not to build it to a price point. being a new york-based company has been a blessing for us because this is a very large labor market, very large immigrant market. year after year, generation after generation when people would come to new york they would have the ability to work with their hands and because steinway is based here, they allowed us access to all these individuals and they brought with them good wood working skills. a culture of excellence for everyone who builds our piano whether they re sweeping the floor, they need to understand the relevance of what the steinway piano means within society. the steinway artist program, the ....