Bill Rader, President and CEO of Efferent Labs, shares with us his insights after decades of starting and selling several successful businesses… his first one at the young age of 18!
Topics discussed during this podcast episode include;
- Bill’s first company that he sold at age 18
- Why Bill’s second company was a total failure
- How the idea for Efferent Labs came about in 2011
- And much more!
You can play this podcast episode here:
Websites referenced during the podcast:
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Here’s a timeline of the topics discussed during the podcast:
0:00 – Short bio and intro
1:30 – Bill Rader growing up years and influences
2:30 – Bill’s first company that he started at high school (that he later sold)
4:00 – Bill’s second company – lost it all
5:00 – How Efferent Labs was founded
8:10 – What does the name ‘Efferent‘ mean?
8:45 – What does Efferent Labs do?
10:00 – How Bill got started in the healthcare industry?
12:25 – Why Bill’s first business was a success but the second one was a failure
16:15 – Efferent Labs success stories and case studies
17:50 – Where will Efferent Labs’ technology be used when it is released to the market?
20:00 – Bill’s final thoughts
What I got out of this interview with Bill Rader, CEO of Efferent Labs:
1. Do What You Love
Bill’s first business was ultra successful because he was passionate about it. His second business was a huge failure because he didn’t understand it. Do what you love and are passionate about.
2. Work With the Best
Efferent Labs was born when Bill partnered with a specialist that he resonated with, and who had expertise that Bill would never develop personally. Don’t try to be everything and do everything yourself. Partner with, or hire, experts who understand your mission and have the same vision you do.