You cannot predict the waves, so you also need to be totally ready to make mistakesRead more...
No. 1 mistake: Not trusting their gut or instinct
Today's Entrepreneur is Paresh Patel, Founder and CEO of VendScreen. According to his VEQ Paresh is a thought leader and is good at team motivation and technology design.
Vator’s community is the home to entrepreneurs who embrace their passion and follow their dreams. Our profiles allow members to express themselves by sharing their interests, lessons learned, as well as bits and pieces of their roller-coaster journey.
These profiles give entrepreneurs an opportunity to showcase themselves and tell their story. So if you are an entrepreneur, a serial entrepreneur, or even an aspiring entrepreneur, we'd like to hear from you.
I am a(n):
Companies I've founded or co-founded:
VendScreen, Triad Investments, Courtesy Vending, U Name it Graffix
If you are an entrepreneur, why?
I want to change the world.
What's most frustrating and rewarding about entrepreneurship/innovation?
Most rewarding: Seeing the fruits of your labor -- knowing you made something or came up with something that didn't exist. Most frustrating: how people confuse hard work for luck.
What's the No. 1 mistake entrepreneurs make?
Not trusting their gut or instinct, or not knowing how to recognize it in the first place.
What are the top three lessons you've learned as an entrepreneur?
- If you can envision it, you can make it happen.
- Almost everything is negotiable and with creative deal-making, negotiation doesn't have to be zero-sum - it can be win-win.
- "The harder I work, the luckier I get" quote is true. Hard work and planning make things look like they were easy to the outside observer.
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"A great idea is worthless until it’s acted upon – simply put, ideas are cheap, execution is not"Read more...
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The VendScreen™ device uses an Android operating system, which can be easily retrofitted into the cutout slot of any vending machine. For the first time in vending, advertising and promotions can be directed at the user of the machine, while the machine itself is kept in compliance with nutritional information disclosures.
VendScreen™ combines a 4.3 inch touchscreen, credit card swipe, near field communications for payments (NFC) and simple connections to DEX and MDB supported by all recent vending machines. VendScreen’s patent pending solution integrates with back end systems like MEI Easitrax and Streamware, ensuring the product and nutritional information displayed matches the contents of the machine.
Unlike other solutions, this device is self-contained and installs on the front of vending machines, requiring no Velcro or complicated in-machine box solutions. VendScreen™ also has an OEM’s version using a larger format screen, which would replace the keypad in existing machines.