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May 19th, 2009
Go find some smart people
The City Wire recently posted about a company called Duralor (NanoMech). This company has been located in the Genesis Incubator on the University of Arkansas at Fayetteville's campus for several years and is moving into a great facility in Springdale. They initially utilized a company called Virtual Incubator to help them structure and prepare the business for growth while their scientists developed the nanotechnology they are now selling. Through their growth, the company has now attracted one of the brightest minds in technology development to lead the company into outstanding growth.
You'd be surprised to know that NanoMech was a typical start-up that struggled to balance their engineering mindset with how the business world works. What set them apart was the leadership in that company sought help for the areas in business that they were not strong. They developed a relationship with Virtual Incubator to act as an advisory panel to the company.
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