THE THOUGHTFUL ENTREPRENEUR PODCAST

2046 – Cultivating a Growth Mindset: The Secret Sauce for Business Success with HowDo’s West Stringfellow

Stringfellow WideTransform Your Business: The Essential Guide to Innovation and Growth Strategies

In a recent episode of “The Thoughtful Entrepreneur,” host Josh engages in a compelling conversation with West Stringfellow, the CEO and founder of HowDo. This platform is dedicated to providing open-source resources aimed at fostering innovation and business growth. West shares his extensive background in leading innovation at major corporations and the mission behind HowDo. This blog post will break down the key insights and actionable advice from the episode, offering a comprehensive guide for entrepreneurs and business leaders looking to innovate and grow.

West Stringfellow introduces HowDo as an open-source resource platform designed to help individuals and businesses innovate. He acknowledges that the term “innovation” has become somewhat diluted over time but clarifies that, in a business context, it fundamentally means evolving and changing. West believes that the greatest opportunity in business today lies in innovation, whether that involves developing new processes, launching products, or reassessing existing business practices. Notably, HowDo has engaged over 400,000 users globally, with a diverse audience that includes students, educators, entrepreneurs, and small business owners. He emphasizes that half of the users come from outside the United States, showcasing the platform's international appeal.

While the resources on HowDo are free, West offers consulting and coaching services on the side. He finds that many people enjoy learning about innovation but may struggle with the implementation. His consulting work focuses on helping teams develop the skills necessary to apply the innovative processes outlined on HowDo. Josh wraps up the episode by encouraging listeners to explore the resources available on HowDo, emphasizing the platform's wealth of information, including book summaries and masterclasses. He invites entrepreneurs and business leaders to adopt a growth mindset and leverage the tools and insights provided by West and his team.

About West Stringfellow:

West is a product and technology visionary who has launched zero to one innovations at Amazon and PayPal, led transformations at Fortune 500s like Visa and Target, and accelerated startups with Techstars.

He's not just an innovation and product management executive, he's also a successful founder and entrepreneur whose startup was acquired by a Fortune 50.

With over 20 years of experience, West has consistently driven innovation, resulting in market disruptions and massive revenue growth.

Today, West empowers entrepreneurs and businesses of all sizes through coaching and consulting, sharing his expertise in product innovation and digital transformation.

With 5 patents to his name and a wealth of international experience, West is here to share insights that can help you revolutionize your approach to product and technology.

About HowDo:

HowDo, founded in 2017, is dedicated to helping business leaders unlock their business’ growth potential through innovation and technical transformation.

We partner with businesses of all sizes, from Fortune 50s to startups and government agencies.

Our vision for sustainable innovation combines solid business fundamentals with industry best practices and cutting-edge technologies like AI, blockchain, cloud computing, and open-source solutions

Our team of experienced consultants, led by former industry executives, works closely with organizations to tailor solutions to their unique challenges and opportunities.

 

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Links Mentioned in this Episode:

Want to learn more? Check out HowDo website at

https://howdo.com/

Check out HowDo on LinkedIn at

https://www.linkedin.com/company/howdo-com/

Check out West Stringfellow on LinkedIn at

https://www.linkedin.com/in/weststringfellow/

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Transcript

Speaker 1 00:00:05 Hey there, thoughtful listener. Are you looking for introductions to partners, investors, influencers and clients? Well, I've had private conversations with over 2000 leaders asking them where their best business comes from. I've got a free video you can watch with no opt in required, where I'll share the exact steps necessary to be 100% inbound in your industry over the next 6 to 8 months, with no spam, no ads, and no sales. What I teach has worked for me for over 15 years, and has helped me create eight figures in revenue for my own companies. Just head to up my influence. Com and watch my free class on how to create endless high ticket sales appointments. Also, don't forget the thoughtful entrepreneur is always looking for great guests. Go to up my influence. Com and click on podcast. I'd love to have you. With us right now it's West Stringfellow West, you are the CEO and founder of. How do you're found on the web at how do. Com West. It's great to have you.

Speaker 2 00:01:16 Yeah. Thanks for having me, Josh I appreciate it.

Speaker 1 00:01:18 Yeah. Well, listen, I'd love a quick overview of what how do is and what you do.

Speaker 2 00:01:25 Sure. How do is an open source resource for people who want to innovate. And innovation is one of those words that's been used so much it's kind of meaningless. But really all it means in business is to change, to evolve. And so I think the biggest opportunity in business right now is to innovate. And that could be either building a new process, launching a new product, or just reevaluating how you do your current business. And the reason I think that is I had the opportunity to lead innovation for PayPal and Target and Visa as well. I built a bunch of new innovative technology at Amazon, and I saw consistently how these really big businesses kept growing. And and then when I had the opportunity, I built my own company as a founder and built a startup. That target ended up acquiring. And going through that process, I realized that a lot of the tools and techniques and strategies that I had used to grow the world's largest companies were really effective as well.

Speaker 2 00:02:20 For the world's smallest companies, the startups and the small to medium businesses. And you know, when I think about the opportunity we have in America, I've always wanted to give back. And I thought, no better way to give back to try and help people grow their businesses. And so much of this knowledge on how to grow a business is locked in big institutions like McKinsey or Harvard that are hard to get into and very expensive. So I thought, why not just make all of that free and open source? And so I spent six years researching that and documenting it and put it on how to com for free.

Speaker 1 00:02:53 So like who are typical folks that that engage in and are taking advantage of all of these resources.

Speaker 2 00:03:01 It's we've had over 400,000 people engaged so far. and that's. Yeah. It's crazy. There's zero. I spent $0 on marketing, which shows you how hungry people are for this information. Yeah, and it ranges. Ranges from number one. 50% of the people are from all around the world.

Speaker 2 00:03:16 It ranges from students in Burkina Faso to educators in Italy to here in America. Lots of entrepreneurs, lots of people who are in small to medium businesses. And they've hit the kind of growth plateau, and they're trying to figure out how to continue to grow and people who want to build new products. If you look at Instagram or Etsy or lots of people are makers, they're creators. They want to figure out how to bring what they want to see in the world to life. And there's a process to do that. There's a process that reduces risk, increases your chance of success. So anyone who's looking to grow their business can do that with the content on how to.

Speaker 1 00:03:52 Yeah. and so how Help me understand what's the model of for how to.

Speaker 2 00:03:58 In terms of the process.

Speaker 1 00:03:59 Like your business model. Like, like if these resources are free, where is money made?

Speaker 2 00:04:07 That's a great question. No, I mean, I do consulting and coaching on the side. Yeah. and for me, that's, that's, you know, helping people apply the model.

Speaker 2 00:04:16 But what I've found, it's interesting, like, most people love reading about things that a lot of people actually like doing the hard work. And that's where I can help, so I can help people by getting their teams trained, so that the teams can do it, or if they actually want help directly, I help.

Speaker 1 00:04:30 Yeah, that's very, very cool. And so when I'm going through, how do right now, you're right. I mean, it's just it's very accessible. I'm, I'm clicking, to our friend that's listening. My recommendation would be to go to how do com just so you can see, what we're referring to visually. but you have an interesting background, West, that that kind of brought you to this point. You mind maybe just sharing a little bit about, you know, kind of your background and, and, and where this concept came up with and how, how you're able to put these resources together.

Speaker 2 00:05:08 Yeah, absolutely. So, you know, I started working in technology in 1997.

Speaker 2 00:05:12 I was a legal intern, and, I was unpaid, and I had to run around Denver in a suit and bind where lawyers lost files. It was the restaurant. Was it the car? Was it the courthouse? And I was sweating the whole time in Denver and 100 degree heat in a suit. And I thought, this is terrible. At the same time, I was working at a library, in a work study program, and I watch students barely awake, carry books in and out and never get lost with the books. And I thought, how can how can students return a book? But lawyers can't return a file? So I figured out how to build a library management system, which is a simple piece of technology to track where files go, just like libraries track where books go. And, became a paid technology consultant instead of an unpaid legal intern. And from there, every company that I went into, I just looked for opportunities to help the company grow, either by reducing costs or by growing revenue or empowering employees so that they could do those things.

Speaker 2 00:06:04 And I just consistently grew through startups for seven years. Then I was recruited by Amazon, and I did helped Amazon grow for three years, launched a lot of the things that people use today, like digital video. If you've ever watched a video on Amazon, I've launched the first version of that and then got recruited by visa, where I led innovation there again at PayPal. And then, after about 17 years of working, I decided, you know, maybe I should try to do this innovation thing on my own with my own money and, set out to do that and created some new technology and was running around Silicon Valley trying to raise capital and ended up meeting with target, and they ended up buying it.

Speaker 1 00:06:41 So oh my.

Speaker 2 00:06:42 Goodness. Yeah. And then, when I got into target, I thought, you know, such an incredibly awesome company with a really good brand. And I thought, you know, we can we can see what happens if I use the same processes that I use at Amazon, visa, PayPal in target and ended up becoming the VP of Innovation at Target, where we led a company wide kind of innovation program, training everyone how to innovate and radically reduce the amount of money they spent on innovation while increasing the return on investment they got for the dollars that they did spend.

Speaker 2 00:07:09 So we actually got more from spending less. And, you know, it just shows like if you have the right process, you use the right take the right steps to reduce risk. Anyone can use innovation to grow their business. And so, you know, I was very fortunate in my career. And as soon as I could, I decided to give back. And the way I built how to do is I hired a team of researchers. We spent about three years, collected over 50,000 data points, and then we hand curated those data points into a knowledge base that we then used machine learning to write articles. So, like pre GPT, pre all the AI that everyone's talking about right now the way that you would train machines is by doing a ton of research. And we did that research by hand for years. And that's what you get on how to do for free. That's all open source. You can just go up there and download the files and it's it's the insights that you companies would normally pay millions to get.

Speaker 1 00:08:04 Yeah. and so I see obviously in how do you do have some I write is mentioned here. you know and obviously that's an area that I think is, is really, transforming. I think a lot of forward looking leaders. I think that there are a lot of folks that are, apprehensive or nervously, wanting to not get left behind. do you mind maybe just kind of commenting on, I would imagine AI and any other, emerging technologies or, even thought leadership that, that you see as becoming pretty critical to keep an eye on over the next 6 to 12 months.

Speaker 2 00:08:51 Yeah, absolutely. I think I, for the next 6 to 12 months is kind of the there's a lot of fascinating emerging technologies. There always are. And it's hard to kind of distinguish real value from bright, shiny objects. And I is real value. When we look at what leaders, I think there's three types of leaders right now. Those who are using AI to get ahead, those who are preparing to use AI to get ahead, and those who are falling behind.

Speaker 2 00:09:14 You obviously want to be the one of the first two. And in order to use AI, a lot of people think it's this crazy esoteric technology. In fact, the census reports that over 84% of businesses think that AI is not relevant to their business today. That's not true. Every business can use AI to grow revenue by better understanding their customer, better understanding their employees, and reducing costs on their marketing and training. They can also use AI to simply analyze their data better. I mean, it's a very, very powerful tool. If you do anything with numbers or anything with process or patterns, I can help you get ahead. Today, it's simply about figuring out what is the right tool for you today and what is the right process to use that tool. And just in the coming weeks, in fact, as part of my consistent effort to try and help American companies innovate, I'm going to start open sourcing that as well. And what I'm doing is I'm taking the same innovation process that I created on how do that's free? And I'm going to create a second innovation process that uses AI to take every step of the how do innovation process.

Speaker 2 00:10:13 And by the way, when I say it's how does innovation process? Again, we didn't make anything up here. We're not writing history. We're literally researching what the best companies do, distilling that, curating that into easy to easy, easy to access, easy to follow processes and giving that to you. Now, I'm going to complement that process with AI so that everyone can understand how to use AI to innovate.

Speaker 1 00:10:38 Yeah. and so West, in terms of your work behind the scenes. so you'd mentioned that that. That you consult. Do you mind maybe just sharing a little bit more about that? Because I suspect that there's, folks that are familiar. with, how do, and they're wondering how you might be able to help them. What does that look like? I don't know if you can go more into that.

Speaker 2 00:11:05 Absolutely. So a great example is for the last two weeks, I've been helping five different founders figure out how to find product market fit. And that's how do I take the idea that's in my head and turn it into something that customers want to buy so that I can raise capital, build that idea and launch it into the market? At the same time, I'm also helping mid-sized companies figure out how to optimize their operational processes.

Speaker 2 00:11:29 So you have a company right now who does a lot of marketing? they have a huge manual process of writing, the marketing, coming up with the ideas first for what to write and then putting that into the market, testing it with the customer, getting the feedback, blah blah blah. The whole process can be automated in minutes by using AI. When I say automated, it's simply giving the people the ability to use prompts to do jobs that previously would have taken hours or days. And by giving people those prompts and also a little bit of cultural training, because if you think about it, AI is the first time we have to work with technology different. You know, when we got email in the 90s and then that email went from being on a desktop to a laptop to our phone, there was not a lot of difference in how we worked with the technology we typed. We put it in there, it got sent. Now with AI, there's a big difference in how we use the technology.

Speaker 2 00:12:26 AI is a thought partner. AI is a colleague. AI is a coach. AI is an accelerator for our ability to take insight and turn that insight into action. And that's how we increase productivity. That's how we increase efficiency. That's how we reduce costs. And by doing those things, we can reallocate the time and the money to growing revenue. And so I see I is one of the biggest efficiency and productivity drivers that we've had in the history of business. And again, those who are figuring out how to use it today will get ahead. And that advantage is durable, because once you have the culture and the process in place, it's very, very hard for others to catch up.

Speaker 1 00:13:07 Yeah. again, how do.com to a friend that's listening and, and again we're kind of give them a call to action here on, on some, maybe some immediate resources that you could highly recommend I see. So you've got some great book summaries here. Of course the master classes are, a voluminous I mean, yeah.

Speaker 1 00:13:30 And there are like, there's a, there's a lot of rabbit holes. You can go down here time.

Speaker 2 00:13:34 The biggest thing I think right now is mindset, growth mindset. You know when I look at the what holds companies back. What when I go help is founders are inherently hungry. They will do anything to survive. And I mean hungry. They just want that opportunity. They want their idea to come to life. Midsize companies, small companies. A lot of times you have a lot of really successful, stable companies and they don't like change. And the first thing that we have to do to adapt to the coming change with AI, the change that's here today is get our mindsets into the into a growth mode, where we acknowledge that what we do day to day is going to be different. How we use our computers different, how we interact with one another is different. And so I'd say look at the growth mindset. If we can get teams, if you can get your teams speaking to the business leaders right now, if you can get your team to have a growth mindset, to develop resilience, to continuously learn and then use data to make decisions, your team will excel with AI and those are cultural attributes.

Speaker 2 00:14:33 And I have three courses for you on how to today.

Speaker 1 00:14:36 Yeah that website How do that's dot.com and it's been great. West Stringfellow founder and CEO for joining us. Thank you so much for this conversation.

Speaker 2 00:14:49 Thank you. Josh, I really appreciate it.

Speaker 1 00:14:56 Thanks for listening to The Thoughtful Entrepreneur Show. If you are a thoughtful business owner or professional who would like to be on this daily program, please visit up my influence. Com and click on podcast. We believe that every person has a message that can positively impact the world. We love our community who listens and shares our program every day. Together we are empowering one another as thoughtful leaders. And as I mentioned at the beginning of this program, if you're looking for introductions to partners, investors, influencers, and clients, I have had private conversations with over 2000 leaders asking them where their best business comes from. I've got a free video that you can watch right now with no opt in or email required, where I'm going to share the exact steps necessary to be 100% inbound in your industry over the next 6 to 8 months, with no spam, no ads, and no sales.

Speaker 1 00:15:54 What I teach has worked for me for more than 15 years and has helped me create eight figures in revenue for my own companies. Just head to up my influencer.com and watch my free class on how to create endless high ticket sales appointments. Make sure to hit subscribe so that tomorrow morning. That's right, seven days a week you are going to be inspired and motivated to succeed. I promise to bring positivity and inspiration to you for around 15 minutes every single day. Thanks for listening and thank you for being a part of the Thoughtful Entrepreneur movement.

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