Archive for Business – Page 21

Flying High

In the exploding world of novel technologies, drones have captured many people’s attention. Drones combine ease, stability, and a small learning curve with speed, agility, and often video capability that takes RC enthusiasts to new heights and gives creators new ways to capture footage.

One company rising in through the crowded pool of drone products is Teal. Teal was founded by George Matus when he was 18. Drones caught George’s eye when he was in middle school and he began to tinker, fly, and come up with a wish list for features not yet available in drones of the time. Now Matus is 18 and with $2.8 million in seed funding he has launched Teal into the sky of drone production. Teal and George Matus work as a perfect example of pure passion driving a business to profitability.

Your Brokenness is Welcome Here

It doesn’t take long scrolling through social media to feel like you’re missing out on the life that someone else is enjoying. So many girls are left feeling broken and inadequate from a society that thrives off of likes, shares, and comments. Jordan Lee Dooley, 24, is on a mission to change the culture of social media as she helps “everyday girls live intentional lives.” Her hobby turned blog turned business, SoulScripts, has become an online ministry for young women seeking their purpose.

SoulScripts originated in the Alpha Omicron Pi sorority house at Indiana University, while Dooley was a student in 2015. Her Etsy shop included personally hand-lettered mugs and journals with scripture and Biblical quotes. Eventually, she expanded her business into a blog where she tackled the personal topics behind the scripture, keeping the name SoulScripts as the title of it. It didn’t take long before she quickly discovered that this was the purpose God had for her life and pursued her true passion of writing and speaking full time.

She now travels all over the country speaking at churches and events, while also writing for her blog and Instagram. Dooley is telling her own story one post at a time as she encourages other women to seek Christ first while also giving advice on finance, relationships, self care, faith and more. She tells of her own times of heartbreak and brokenness and how God saw her through to the other side.

With an Instagram following of over 200,000 followers, she turned a college hobby into a full blown business. Dooley has since expanded Soul Scripts into a podcast named SHE, and her book, Purpose, about “breaking through insecurities, expectations, and the pressure to prove” comes out in 2019. She also leads a twelve week Bible Study Boot Camp called Soul Session that includes access to a Facebook group with her and other Soul Session members, 12 Bible study videos, and 12 downloadable worksheets for $97.

Jordan’s mantra of “Your brokenness is welcome here” has become a movement that is being worn by girls all over the country. She is promoting authenticity and encouraging women to pursue their purpose. Her passion turned purpose has led other girls to lead intentional lives of pursuing Christ and knowing their identity is determined by their faith in Christ.

https://jordanleedooley.com/

instagram.com/jordanleedooley

instagram.com/SHEpodcast

instagram.com/soulscripts

 

Multi-Million Dollar Protein bar

Although peter Rahal is 31 years old now when he started his protein bar company he was only 21 years old. Peter Rahal founded rxBar which is a protein bar made with all natural ingredients and no preservatives. He started making rxBars in his mother’s basement because he couldn’t find a protein bar that was natural and made with clean ingredients. He started the company back in 2017 with 10,000 dollars to spend and the bars became a big hit. What really makes rxBar and Peter Rahal so special is that he just recently sold his company to Kellogg’s for 600 million dollars. when asked how all the major protein bar companies missed the wave that is crossing America for all natural foods Rahal responded by saying, “within the consumer packaged food industry trends move fast so it is hard for major companies to move supply chains, so the entrepreneur is able to move fast and be agile to supply the consumer with what they want.” I believe that this is true across all industries and is where the entrepreneur is at the advantage over the big corporations and companies. The speed at which entrepreneurs can give the consumer what they want is truly their edge on their competitors because as the first rule of marketing stats if you are not first you are last.

Protein Bar Millionaires

Image result for rxbar

Protein bar company RXBAR created by two friends Peter Rahal and Jared Smith began with a $10,000 influx and continues with a $600 million buyout by Kellogg. Rahal and Smith began with an idea to innovate the existing protein bar market. They marketed RXBAR on simple ingredients. But how can you market just a protein bar with simple ingredients? You don’t normally just pick up an item at the grocery store and start reading the ingredients. So Rahal and Smith used Microsoft PowerPoint to create a simple label. RXBAR labels on four, maybe five lines boldly list the ingredients. You’ve likely seen them on most store shelves. But this idea of taking a relatively uneventful market and adding some flare to it is one to be recognized. Sometimes just a simple pivot of preexisting products can make some serious money. Read more about RXBAR’s story on FOX Business .

 

 

 

Ladder Lockdown

Troy Kumprey created a Ladder Lockdown saddle after one of his employees fell from a ladder while working. Kumprey saw the dangers that normal ladders have so he wanted to create something that would make ladders safer and guarantee his employees would return to their families each night. So Kumprey created a versatile setup that accommodates extension ladders up to seven meters and most A-frames up to 1.8 meters. Ladder Lockdown is adaptable to hard soft surfaces, from concrete to wood to snow. Ladder Lockdown reduces lateral movement. Kumprey saw a problem and need that should be filled, he took a problem and created a solution. Kumprey also found a niche market for his product; construction, homeowners, and firefighters can relate to ladder safety. Ladder Lockdown saves lives and forever changed how ladders are used. Kumprey turned a dangerous tool into a safer for everyone to use. Here is a link to Ladder Lockdown website to learn more about the product, mission, and Troy Kumprey’s story:

https://ladderlockdown.com/about-us

The Billion-Dollar Basement Startup

Beginning his career in IT consulting, Carl Rodrigues quit his sound job in 2001 with a mission to innovate something extraordinary. It is said that Rodrigues quit his job without any real idea. A risky move for someone who had relatively little savings. After a month, Rodrigues created a software platform which integrated the use of your mobile phone from your laptop.

Image result for carl rodrigues

This is a very useful platform for business professionals who work on their computers all day but might have their assistant answer calls during the day. It allows for the executives, per say, to control their phone from their computer. Rodrigues named his company Soti. His first twelve months were slow, according to the BBC article. Today, Soti is valued at over $1 billion. Rodrigues’ success is a tribute to hard work, dedication, and the willingness to believe in himself despite what others say.

https://www.bbc.com/news/business-40504764

 

How Marc Benioff Became a Millionaire by Age 25

Marc Benioff, co-founder of Salesforce, showcases his incredible entrepreneurial ability by racing to millionaire status at age 25. How did he accomplish this monumental achievement so quickly? Key factors like software development, humble beginnings, and wise mentors helped skyrocket Benioff’s success as an entrepreneur.

Marc had a passion for developing software. He sold his first software product at just 15 years old. It was a software called “How to Juggle” priced to the buyer at $75. A strong start for young Benioff. He continued, at the age of 15, to develop and sell Atari 800 games such as Escape From Vulcan’s Isle and King Arthur’s Heir. Marc surely showcased his computer and coding prowess. However, none of it would have been possible without this humble start.

Benioff had the opportunity, through the permission of his parents, to work at a jewelry store. He would work there after school hours and do work such as cleaning the floors. This allowed him to save up enough money to purchase his first computer. Little did young Benioff know, this would be the first brick in building his largely successful career.

Continuing to develop his professional skills for 10 years at Oracle, Marc became a millionaire at the young age of 25. He worked as an executive where his salary quickly added up to the millionaire mark.

Marc dreamed of bigger things than what Oracle could offer and began to be inspired to change the way people upgrade their software through the development of the large, well-known company, Salesforce. Salesforce, Benioff says, would not exist without the mentorship he received from Steve Jobs. Marc developed the #1 customer relationship management (CRM) platform. It is a cloud-based application for sales, service, marketing and more. They allow a company to log in and begin connecting to customers without the help of an IT expert.

Package Free

 

In 2012, businesswoman and environmental enthusiast, Lauren Singer, began “Trash is for Tossers”, a blog in which she documents her Zero Waste lifestyle. Her passion for sustainability and reducing waste has dominated and driven this blog, which holds numerous videos and information regarding the significance of her movement. Taking this passion to greater heights, Lauren Singer decided to create a company that shares this lifestyle with the world and educates those who are unaware of this movement. In her blog, Singer writes, “I created Package Free Shop because I believe that as consumers we all should have convenient access to products that help us reduce our environmental impact. I also started Package Free Shop to empower amazing mission driven entrepreneurs who are dedicating their lives to tackling plastic pollution and waste and help their businesses to grow in a way that was sustainable”. Ultimately, she identified the problem of finding waste-free products conveniently in one place and decided to solve it with a new business.

Singer’s company, Package Free Shop, was founded in 2018 and maintains a store location in New York City as well as an extensive online shop. The products that she sells promote a waste-free lifestyle and include beauty products, cleaning products, pet products, and office products. Thus far, Lauren Singer’s venture has been measured extremely successful. The Package Free Shop website writes, “Since opening, we’ve kept an estimated 4,025,600 plastic straws, 3,061,240 plastic bags, and 1,419,260 non-recyclable bottles and cups out of landfill”. It is incredibly inspiring to learn this story of Lauren Singer, how she was able to use her passion to identify a problem that she created a successful solution for. Singer was willing to take a risk in this industry and spread her passion in a way that impacts others. Hopefully, this company will continue to find success in a market that has strong potential.

Shave Time Shave Money: A Dollar Shave Club

 

When a friend of a friend approached Michael Dubin at a party in 2011 about needing help moving a surplus of razors, a light bulb went off in Dubin’s head that would result in a billion dollar deal 5 years later. He thought of the tremendous hassle that comes with purchasing overpriced razors with extraneous features, and realized that if he could eliminate the need to go to a store and provide simple razors for cheaper- real men would appreciate the result.

It only took a week for him to buy the domain, dollarshaveclub.com, and within a few months he had quit his job to work on his new company, Dollar Shave Club, full time. Although the shaving industry was already packed with competitors all trying to make their razors bigger and better, Dubin’s razor took it back to basics and proved to be exactly what the world needed. In March 2012, a Dollar Shave Club went live as its promotional video, featuring Dubin, was posted on Youtube. Dubin’s lack of seriousness and comedic encounters around a large warehouse proved to be the perfect pitch for his company, with 12,000 orders the day of release.

As Dollar Shave Club began to grow and succeed, Dubin was excited to expand his product line from strictly razors, but to oral care and shower supplies. Each year his sales more than doubled and by 2016 he had an offer of 1 billion dollars from Unilever for the company. Dubin never had any intention to sell his company so young, but with the promise that Dollar Shave Club wouldn’t change from its initial intention, he started to entertain the idea. What could he do for the business with 25% more time and no worry of running out of money? So in his hotel room, still in his pajamas, he hit okay and the deal was finalized.

Now with over 3 million subscribers, Michael Dubin is enjoying the life of a CEO with no financial burden and a Dollar Shave Club is continuing to grow and advance.

https://www.entrepreneur.com/article/290539

Build Your Dream

Born and raised in Southern California, Dale Partridge always had a passion for business. Whether it was picking up cans and bottles, selling lemonade, or selling airheads from his backpack at school. It was from the influence of his father that sparked the work ethic in him and by age 25 he had five businesses. But, even with large dollars of income pouring in he was not satisfied and soon realized that the value of profit was not going to fill anything. His success story was a slow process that included him switching jobs multiple times and figuring out that he wanted to make a positive impact in the business world. There is diversity in Dale Partridge’s entrepreneurship experiences ranging from CEO of Sevenly, establishing a Rock Climbing facility, a conference company to a branding agency and a multi-million dollar e-commerce business. He has since then written three books, People Over Profit, Launch Your Dream, and  Saved From Success. 

What makes Dale’s story even more of an inspiration is his failures never set him back, they only pushed him to work harder. He was not a millionaire by the age of 20 years old, in fact he had debt, bills, and an average salary. In the middle of his development he ran into hardships such as losing large sums of money and getting fired from one of his own companies that he started. However, these did not defeat him, but fueled him.

It was as if a light switch went off when Dale asked himself the question, “If Jesus ran a business, what would it look like?” From then, he launched Sevenly, a company with a mission to give $7 to a worthy cause for every product he sold. His sights were set on feeding the hungry, rescuing people in human trafficking, caring for the orphan, and spreading the call to be generous. This is not an easy task to achieve considering how culture today is very individualistic and profit over people.

Sevenly’s main purpose is  a ‘cause art’ movement and that established  7-day cause campaigns, inviting customers to buy “advocacy art, apparel and accessories” that donate to non-profits. Each purchase and every product would also create conversations. Questions that would be asked like, “Hey where did you buy that shirt? What is the context behind it?” Now widely recognized as one of the world’s leading ‘social good’ companies, Sevenly activates its signature 7-Day Campaigns and curates ongoing, cause-themed Collections created to change lives by raising funding, awareness and followers for the world’s greatest causes.