Zero Equals One: Creating A Business From Nothing | Riley Csernica

Executive Summary:

  • Riley Csernica, a biomedical engineering graduate, decided to become an entrepreneur after rejecting a job offer, with support from her mother.
  • Riley Csernica and her classmate Kelsey developed a shoulder brace prototype using basic materials, which was successfully tested on a professional hockey player.
  • Riley Csernica learned that a single good idea and support from others can provide the foundation to start a successful business, even without extensive experience, money, or resources.

Meeting Notes:

Starting a Medical Device Company

  • Riley Csernica decided to become an entrepreneur instead of taking a job after graduating college with a degree in biomedical engineering
    • Despite having a great interview for a quality control engineering job, Riley Csernica realized she did not want that role as it did not align with her passion for inventing and taking new products to market
    • Riley Csernica got support from her mother to pursue the entrepreneurial path instead of getting a traditional job
    • Riley Csernica faced challenges of starting a business with: No experience, No money, No resources, No network, No mentors

Developing the Shoulder Brace

  • Riley Csernica and her classmate Kelsey decided to finish developing the shoulder brace they had started instead of taking jobs
    • Riley Csernica and Kelsey talked to anyone who would listen to gather information and make connections for their shoulder brace product
    • They would drive around town and demand meetings at hospitals, pharmacies, physical therapy offices
    • Many times they were asked to leave, but occasionally got valuable information, contacts, and became experts in the field
    • They set up a makeshift office and worked tirelessly on developing the shoulder brace prototype
    • Used materials like elastic, velcro, plastic, cardboard to create the odd-looking red, blue, yellow, black, white, and peach brace
    • Their coworkers mocked it as an "arts and crafts project"
    • They found a professional 6'4", 215 lb hockey player from Canada to test the shoulder brace they had created, and it worked

Realizing the Power of a Single Idea

  • Testing the brace successfully on the hockey player was a huge moment of validation, transforming Riley Csernica and Kelsey from students to businesswomen
  • Riley Csernica understood that a single good idea is enough to start a business, rather than being distracted by not having experience, money, resources, etc.
  • Riley Csernica emphasized the importance of support from others like her mom and the interviewer who rejected her
  • Not letting fear hold you back from pursuing your entrepreneurial dreams is crucial

The Lesson Learned

  • One good idea and support from others can provide the foundation for starting a successful business, even without extensive experience, money, or resources
  • Riley Csernica overcame common excuses of not having experience, money, resources, network, mentors to pursue her entrepreneurial dream of inventing products
  • Riley Csernica encouraged others to pursue their entrepreneurial dreams, as a single idea and support can be enough to get started, rather than being distracted by perceived lack of resources