From Catholic Irish girl to billionaire in sexual medicine: Curiosity and desire to learn led Cindy Eckert to unexpected success in the field of sexual medicine despite not initially intending to be in it.
Passion and curiosity can lead individuals to unexpected industries and successful careers. Cindy Eckert, a guest on The Empire Show, shares her journey from a Catholic Irish girl to a billionaire in the field of sexual medicine. She didn't set out to be in this industry, but her curiosity and desire to learn from the best led her to Merck Pharmaceuticals, where she fell in love with the science and the impact it could have on people's lives. Eckert's story demonstrates that one's path is not predetermined and that individuals have the power to shape their own futures. Her success in the taboo but important field of sexual medicine is a reminder that there are opportunities in every industry for those who are willing to explore and innovate.
Growing up with cultural immersion and frequent moves: An unconventional upbringing, characterized by frequent moves and cultural immersion, can foster curiosity, adaptability, and a comfort with the unknown, leading to personal growth.
An unconventional upbringing, characterized by frequent moves and cultural immersion, can shape a person's curiosity, adaptability, and comfort with the unknown. The speaker, who grew up moving frequently due to her father's job in the State Department, shares her experiences of adjusting to new environments starting from a young age in upstate New York and later in Fiji. These experiences helped her become comfortable with discomfort and unfamiliarity, leading her to take on challenges that others might avoid. An anecdote about meeting a bodybuilder from Buffalo, New York, further highlights the speaker's perception of upstate New York as a place stuck in the past. Overall, the speaker's story emphasizes the importance of embracing new experiences and the role they play in personal growth.
Finding one's purpose through learning and experiences: Stay open to learning and taking calculated risks to discover and live out your unique purpose.
Discovering and living out one's purpose is a personal journey that may not be immediately clear but can be developed through learning and experiences. The speaker shared her own story of growing up in a town that transitioned from prosperity to depression, but despite the challenges, she found a mentor who saw her potential and encouraged her to pursue opportunities beyond her small town. She took a leap of faith and joined a top company, Merck Pharmaceutical, with no sales background, but through hard work and determination, she found success. The speaker emphasized that everyone's purpose is unique and may not be immediately apparent, but by staying open to learning and taking calculated risks, one can discover and live out their purpose. She encourages those who feel lost to keep moving forward and not give up on their dreams.
Courage to take risks for success: Success requires courage to take risks, even if it means making sacrifices and facing uncertainty.
Success doesn't come easy or with all the answers upfront. It requires courage to take risks and go for it, even if it means making sacrifices and facing uncertainty. The speaker's personal journey from sales at Merck to investing in a startup and eventually starting his own business illustrates this point. He spent a year saving every penny and eating rice to invest in his brother's company during the dotcom boom. Although the odds were not in his favor, he took the risk and found his place in a smaller, innovative environment where he felt heard and valued. The cost of success can be high, but it's worth it if you have the courage to go for it.
Traits for Success: Innovation, Commitment, and Risk-Taking: Innovative, committed individuals who are willing to take risks can make a significant impact in any organization and eventually pursue entrepreneurship.
Being innovative, committed, and willing to take risks are key traits for success in any environment, whether it's a small technology company or a large corporation. The speaker's experiences of organically looking for ways to improve things, being chosen for important teams due to their dedication and eagerness to learn, and eventually realizing they were capable of entrepreneurship, highlight the importance of these traits. Declaring what you want and being willing to take on extra responsibilities can open doors for growth and opportunities. The speaker's journey demonstrates that with a strong work ethic and a mindset focused on improvement, individuals can make a significant impact and eventually pursue their entrepreneurial aspirations.
Leading with a clear vision and empowering team creativity: A CEO's clear vision, mission, and core values, combined with individual creativity and empowerment, can lead to remarkable success even in competitive industries. Adaptability and cultural fit are crucial when implementing necessary processes.
Having a clear vision, mission, and core values, and allowing individuality and creativity among team members, can lead to remarkable success even in competitive industries. However, it's crucial for CEOs to find the right balance between maintaining cultural uniqueness and implementing necessary processes. The story shared highlights the experience of a CEO who named his company "Slate" as a symbol of starting anew and controlling his own terms. Despite facing challenges and setbacks, the company, which offered an FDA-approved long-acting testosterone for men, became the second most prescribed brand among specialists within four years. However, accepting capital from the wrong investor led to a cultural mismatch and a difficult year for the company. Ultimately, the CEO's ability to maintain a clear vision, empower his team, and adapt to challenges was the secret to their success.
Lessons from a Successful Business Partnership: Be thoughtful when seeking capital to scale, ensuring values and goals align, and treating all partners with respect to build a successful business partnership.
Entering into a business partnership requires careful consideration, as the success rate is often lower than that of marriages. However, the speaker shares an exceptional experience with one of his business partners who provided capital and a seat on the board in exchange for equity. While the partnership led to the creation of a salesforce, the mismatched incentives and poor treatment of salespeople resulted in a painful year for the speaker. He emphasizes the importance of being thoughtful when seeking capital to scale, viewing it as a marriage where both parties have a say, and ensuring that the values and goals align. The speaker's lesson learned is that in times of desperation, it's crucial to be selective and considerate when accepting external investment, as the partnership will significantly impact the business and its future.
Societal narratives can hinder progress in women's health: Understanding complex human issues requires acknowledging their biological roots and challenging societal norms that may be dismissive or discriminatory.
Societal narratives can hinder progress, particularly when it comes to addressing biological issues that disproportionately affect one gender. The speaker, who had previously found success in the male sexual health market, was shocked to discover that there were no FDA-approved drugs for women with similar issues. Despite the available science, societal stigmas and dismissive attitudes towards women's sexual health made it a challenging endeavor. This insight serves as a reminder that understanding and addressing complex human issues requires acknowledging their biological roots and challenging societal norms that may be dismissive or discriminatory.
Woman's determination leads to revolutionary women's health product: Determined woman sells business to develop game-changing supplement for women's sexual health, overcoming labels and skepticism.
Determination and a passion for a cause can lead to remarkable achievements, even if it means taking on seemingly insurmountable challenges. In this case, a woman made the bold decision to sell her profitable business and take on the development of a scientific discovery that could revolutionize women's health. Despite being labeled as weird or unreasonable, she persevered and managed to acquire the rights to the science from a German company. The resulting product, which is not a pill but a daily supplement, works by balancing dopamine and serotonin levels to enhance sexual desire and improve overall sexual health. This supplement, unlike some antidepressants that can inhibit sex drive, is safe to use in conjunction with them. The issue of female sexual dysfunction is a global category worth billions, and this woman's journey is just the beginning of a much-needed conversation and solution for women. If you ever feel like you're weird or unreasonable in your pursuits, remember that there are others out there who share the same drive and determination.
Double standard in women's sexual health research and approval process: Despite larger sample sizes for women's sexual health studies, approval processes take longer, highlighting a double standard in addressing these needs
The use of certain medications for women's sexual health, such as Addyi, can help reawaken dormant sexual desires and improve overall well-being. However, there are concerns about potential desensitization of receptors over time and the need for ongoing use. The studies on this medication have shown that it was tested on a much larger sample size compared to similar medications for men, yet the approval process took much longer. This highlights a double standard in the way sexual health needs are perceived and addressed for men versus women. As someone who has navigated a male-dominated industry, the speaker advocates for embracing one's identity and using challenges as opportunities to surprise and prove doubters wrong. The slow and bureaucratic FDA approval process is necessary for ensuring public safety, but it can also create significant delays in bringing important treatments to market.
A woman's journey to create a billion-dollar female Viagra business: Women's healthcare decisions should be made by patients and providers, but creating a billion-dollar business doesn't change one's dedication to helping others and creating impact.
While it's important for healthcare professionals to provide information about the benefits and risks of treatments, the ultimate decision should be left to patients and their providers. This was exemplified in the journey of a woman who developed a female Viagra, facing challenges from the FDA, but ultimately receiving overwhelming support from the medical community and leading to a billion-dollar acquisition. Despite the financial success, she remained dedicated to her mission of helping women succeed and creating impact, leading her to establish the Pink Ceiling to support female founders. The experience showed that money can provide freedom and opportunities to make a difference, but it doesn't change one's core values.
Helping Women Break Through the Pink Ceiling: Cindy Whitehurst provides mentorship and funding to women-led businesses with innovative technologies through The Pinkubator, focusing on those often overlooked by the system and requiring large infusions of cash.
Cindy Whitehurst, the founder of The Pink Ceiling, is on a mission to help women break through the "pink ceiling" and achieve billion-dollar exits. She does this by providing mentorship and funding to women-led businesses with innovative and cutting-edge technologies. The Pinkubator, her investment arm, focuses on companies that are often overlooked by the system and require large infusions of cash. Examples include a biodegradable flushable pregnancy test and a technology that uses artificial intelligence to prevent injuries. Whitehurst encourages women to reach out to her for advice and support, even if their business ideas are not a good fit for The Pinkubator. She believes in answering DMs and helping women in their entrepreneurial journeys. To connect with Whitehurst, follow her on social media as @cindypinkceo or visit thepinkceiling.com to go through the pitch process.
Share your great experiences: Engage with products/services by leaving reviews, taking screenshots, sharing on social media, and telling others to boost online presence and reputation
Engagement is key when it comes to using a product or service. The speakers in this conversation encouraged the audience to leave a positive review with a comment, take a screenshot, and share it on social media. But they didn't stop there. They also emphasized the importance of word-of-mouth marketing and suggested telling your mother about the experience. By taking these actions, you not only help spread the word about the product or service, but you also contribute to its online presence and reputation. So, next time you have a great experience, don't keep it to yourself. Share it with the world!
Cindy Eckert: Women On Top - 125
Recent Episodes from Bedros Keuilian Podcast Show
103. THESE are the 3 biggest destroyers of men…
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095. The American Dream Is DEAD! | You’ve Been Lied To
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094. The single biggest factor that determines a successful life
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Overall this is a really fun episode and I want your feedback on it! Enjoy!
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