Million Dollar Mastermind with Larry Weidel
Business:Entrepreneurship
Episode 287: Game Changing Moves with Business Leader Scott Ellyson
Speed is king. Co-founder and CEO of East West Manufacturing Scott Ellyson speaks on the importance of moving quickly from the idea phase to mass production of a product.
• Organic growth from 25% to 40% annually
• They help companies design, manufacture, and distribute differentiating products.
• Three engineer groups within the company:
1. R&D (research and development)
2. NPI (new product introduction)
3. Sustaining engineer team
• Electronics are getting smaller and more complex—they take advantage of this to make more cost-effective products.
• Why they have been buying manufacturing plants in the U.S.
TIME-STAMPED SHOW NOTES: [1:45] Developing the smallest electric motor. [7:00] Evolution of electronics. [13:30] How he keeps his composure.
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