February 9, 2011
No. 1 Mistake: Not doing their research
Entrepreneurs often choose the path of innovation, without realizing the kind of lifestyle that comes with it. They will often live unstable lives. But as they courageously take risks, they'll make several mistakes which become valuable lessons for the rest of us.They have their ups and downs. But at the end of the day, these creative daredevils are the ones who are changing the world.
Within our community you will find a number of talented innovators.
This year, we created new profiles for our Vator members to share their story. So if you are a first-time, serial, or even an aspiring entrepreneur, we'd like to hear from you.
Today's entrepreneur is Scott Cote, founder and CEO of Sherlock-NMD. According to his VEQ (Vator's entrepreneur self-assessment test), he's a thought leader and is good at networking and team motivation.
Scott claims that when starting your own company, the most important things is being able to see clearly what you are, who you are, and what you are good (and not so good) at.
Scott's company, Sherlock-NMD, produces a non-invasive, diagnostic health system for humans. He recommends researching every aspect an entrepreneurial project: the technology, the regulatory environment, the future of the field, the players in the marketplace and the reality of current customers.
You are a(n):
Entrepreneur
Name companies you've founded or co-founded:
Sherlock-NMD
Name companies you've invested in:
I.E.Q. (Project)
If you are an entrepreneur, why?
I want to change the world.
What's most frustrating and rewarding about entrepreneurship/innovation?
Helping everyone see what I can already see!
The lack of professionalism in business, IE. simple follow through and mutual respect. Poor customer service really is the downfall of most companies.
What's the No. 1 mistake entrepreneurs make?
Not taking the time to first see if they should. Having a great idea is one thing but that doesn't mean you should develop it. You need to understand all the ins and outs of your business and that takes a lot of dedicated research.
What are the top three lessons you've learned as an entrepreneur?
Research is critical, you must have a leader with unwavering faith in the project/company, and a strong team will get you far.
Related Companies, Investors, and Entrepreneurs
Sherlock-NMD
Startup/Business
Joined Vator on
Sherlock-NMD is a non invasive diagnostic system for bio mechanical function/dysfunction using motion.
Sherlock-NMD uses a highly advanced sensor system that is specific to each user, fully portable (fits in a suitcase), 4 types of sensor technology, and tracks all major joint movements while the user is up to 5ooFT away from laptop.
Sherlock-NMD the diagnostic component is located on a secured server, containing a 3D human antaomical model set to medical standard, an Artificial Intelligence engine programmed with 3D envelopes of function, a database programmed with any type of therapy being used for muscular skeletal dysfunctions, and any type of exercise &/or exercise equipment used around the wolrd.
Advanced securities allow the patient-doctor to start and maintain a secure medical file then making the diagnostic components available to any medical practitioner atending to their medical needs if they choose.
Sherlock-NMD will identify the most effective therapy, track its efficacy, and then identify the best preventative follow-up program.
Sherlock-NMD will become the ultimate quantifier!
scott cote
Joined Vator on
