Archive for Entrepreneurship – Page 13

Alex Bond and Fresh Check

Fresh Check is an example of entrepreneurship that comes to us from the UK – where one of its cofounders Alex Bond makes his home. Fresh Check is a company that ultimately aims to reduce both the amount of food that is wasted in the world, and also to keep consumers healthy by avoiding foods that may be contaminated or outdated. Their product is a spray – one that when sprayed on packaging used to store food changes color depending on whether or not the sprayed area is contaminated. If the food is safe to eat, the sprayed area turns blue, but if the food is not safe to eat, the color turns to orange. Originally this product was made to be used on food packaging specifically, but the company has since made it an adaptable product that can also be used in restaurants and hospitals.

I found the thought process behind Fresh Check was very helpful and practical. The founders started with a problem (an awareness of the dangers of poor hygiene in food packaging), and then decided to search for a solution by taking their area of expertise and seeing how the knowledge that they already had could be applied. As the founders were at the time PhD students in Chemical Biology, “a biotech-style solution seemed like the most obvious fit.” They claim that this method of approaching the problem really paid off in the long run for them. The developers at Fresh Check have a vision for the future in mind too, as they plan to release a line of other food hygiene related products.

Read more at https://qeprize.org/news/fresh-check-smart-solution-food-spoilage.

Mark Zuckerberg: Entrepreneur to Billionaire

There are some technologies and services that are so engrained in our lives and culture that we cannot imagine life without them. Facebook—the home of everything from shared memories to angry rants—would undoubtedly fall into this category. Mark Zuckerberg, the inventor of Facebook, was a successful young entrepreneur from whom we can learn a lot. In this blog, we will look at Mark Zuckerberg’s earlier life, how he founded Facebook, and his success since then.

Zuckerberg grew up in a New York Jewish family. In Zuckerberg’s younger years, he not only excelled in his academics but also had a distinct innovative prowess. The young entrepreneur would look for problems and creatively solve them—his solutions often being far ahead of his time. During middle school, Zuckerberg began learning basic computer programming from his father, who later hired a private programming tutor for Zuckerberg. In addition to designing video games for his friends, Zuckerberg—age 11—built a program called ZuckNet for his father’s dental practice. The program, which operated like a proto version of AOL’s Instant Messenger, connected his father’s office and home computers, enabling communication between his offices. In high school, Zuckerberg used his creative savvy to invent Synapse Media Player under the brand Intelligent Media Group. Frustrated by his music playlists stopping, Zuckerberg’s software would suggest and play songs based on a listener’s music tastes. Both Microsoft and AOL approached Zuckerberg asking to buy the software, though Zuckerberg turned down their offers.

Zuckerberg’s entrepreneurial outlook as a young person led him to become one of the most successful businessmen and CEOs in the United States. While Zuckerberg was enrolled at Harvard University studying computer science, he continued to design innovative software systems. In his sophomore year of college, he developed thefacebook.com, a social network for students at Harvard. His program caught on quickly and was soon expanded to students at other universities as well. In 2004, Zuckerberg moved to California and dropped out of school to focus on expanding his new company. By 2006, anyone with an email address could use the platform. The popularity of thefacebook.com—now Facebook, Inc.—kept growing, to the point where it currently has 223 million active users, employs almost 60,000 people, and generated $85.9 billion in revenue in 2020. According to Forbes’ 2021 ranking, Zuckerberg is the fifth richest man in the world, having a net worth of $97 billion.

In Zuckerberg’s words, “People think innovation is just having a good idea, but a lot of it is just moving quickly and trying a lot of new things.” The young Zuckerberg did this well. Not being satisfied with merely learning about things, Zuckerberg strove to put what he learned into practice. When he saw a problem, he used his skills to solve that problem. Zuckerberg’s innovative foresight was admired even by the leaders in the software and technological fields and led to him developing a world-shaping company, Facebook. For the young entrepreneur reading this: don’t be afraid to give your ideas a try! As Zuckerberg said, “The biggest risk is not taking any risk… the only strategy that is guaranteed to fail is not taking risks.”

Mikaila Ulmer: Founder of “Me & the Bees” Lemonade

Mikaila Ulmer is a 17-year-old girl who started her own lemonade business at a very young age. The business idea started after young Mikaila got stung by a bee and wanted to learn more about bees to overcome her fear of them.  At age 4, she started a business by creating a very small lemonade stand. Very quickly, this turned into the business “Me & the Bees” as a result.

Mikaila is widely successful, at just age 9, she struck an $11 million distribution deal with US supermarket giants Whole Foods Market. Mikaila has also been invited to the White House twice, featured on Good Morning America, NBC News, Forbes Magazine, and Time Magazine for her entrepreneurial success. Mikaila is very busy; she juggles school, her business, and public speaking. The unique thing about her business is that 10% of her brand’s proceeds are donated to bee conservation charities. It is amazing how she used a challenge of hers (getting stung by a bee) to learn more about it and start up a profitable and charitable business.

Mikaila’s lemonade recipe is unique because it comes from her great Grandmother Helen’s flaxseed lemonade. It is fresh-squeezed, and each bottle is made with care. Her family has a huge part in helping her business thrive. As an extension to her business, Mikaila has created a “Bee-to-Z guide” for young entrepreneurs. Here, young entrepreneurs can find inspiration, business tips, and more to make their big ideas come to life. A very inspirational quote from Mikaila reads, “My generation—we’re the future,” Mikaila says. “When we grow up, we’re going to be the people who are the presidents and the leaders of the world. […]  If we start at a young age making a difference, donating back, giving back, when we grow up we can do that on a larger scale.” Mikaila’s business proves that, just like the bees, you are never too small to make a difference.

The 9 Most Successful Teen Entrepreneurs in the World (careeraddict.com)

Mikaila Ulmer of Me & the Bees Lemonade | Microsoft In Culture

An Easier Life for the Blind- Shubham Banerjee

Born October 29th, 2001, Shubham Banerjee gained national attention after he started a company at the age of 12. Banerjee was like most other kids until he started his entrepreneur adventure. After asking one of his parents about how blind people read, then researching it, his interest for the topic grew. Eventually he decided to do something about it and help blind people.

Meet Shubham Banerjee, the Teenager Whose Company's Building Low-Cost Braille Printers | NDTV Gadgets 360

Blind people read by feeling a language of raised dots, braille, on a surface. The only problem, that Banerjee realized, was getting this language printed out was not cheap or easy. So Banerjee decided to start the company Braigo. Braigo produces small machines, made from lego-like pieces, with added features so that they can print braille on a piece of paper. Then Banerjee sells these products at a significantly reduced price to help make the products accessible to as many people as possible.

Banerjee set a world record becoming the youngest CEO in the world (at the time). He was recognized on CNN, NBC, ABC, PBS, NPR, CBC, BBC, and Discovery for his entrepreneurship.  Surprisingly, Banerjee also received some major funding from Intel (amount is currently unknown).

I think Banerjee represents/is an entrepreneur for two particular reasons. The first reason is because he found something he was strongly passionate about then decided to do something about it. Most people end up just sitting around thinking and dreaming about ideas and ways to help others, but Banerjee got up and actually acted. The second reason is how smartly he handled the situation; Banerjee decided to make a self-sustainable business to help others. He received funding, went public about it, and didn’t quit (though his company launched up unnaturally quickly).

One thing to admire about Banerjee is just how young his started his business. He could’ve pushed it aside and said to himself just to wait until he’s all grown up. Instead he started young and was dedicated.

Mark Sotomayor – Buy a Tea, Plant a Tree

Mark is a recent 2020 graduate from Grove City College where he earned a bachelor’s degree in Entrepreneurship. He started his business, Treecup Tea, during his sophomore year at Grove City College. Through a development process of his product, he learned a lot about branding and what it takes to start a business. He began selling samples of his grandmother’s chai tea recipe at local events and pop-up shops out of Dixie cups. He now has 4 different flavors of tea packaged in sleek glass bottles, and he sells it in large stores such as Whole Foods and local farmers markets. His success took time and hard work. Although Mark experienced setbacks and help along the way, that is what grew into the success he has today.

Mark’s tea business is especially unique due to his passion behind the cause he helps with. For each tea that is bought, a tree in Haiti is planted. This serves to combat deforestation in one of the most poverty-stricken places in the world. Mark accomplishes this through partnering with a foundation called Haiti Friends. Mark values transparency in marketing, so he feels strongly about sticking to this purpose behind the business.

Mark is driven by the commitment to “Jesus Christ and follows the leading of the Holy Spirit. He wants to manifest God’s will on earth as it is in Heaven.” Mark is led by the Lord in everything he does and does not focus on the money. His purpose is bigger than the profit he makes, and this is apparent in his business. I believe this is what makes Treecup Tea unique and a great idea. It can be hard to find businesses that truly stick to their cause and do not drift from their true mission when they are blinded by success as their sole purpose and fall into the trap of greed.

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I find Mark’s story truly inspiring because even through setbacks, he found a way to work through them and dig deeper. I can apply this to my own life and future business career because it is important to keep in mind that setbacks are what help us learn and grow. I aim to have a Christ-centered focus in everything I do just as Mark does. As Mark puts it, “if your business isn’t about God then what is it all for?”

 

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Davis Siksnans: CEO & co-founder of “Printful”

Davis SiksnansWhat started as a three-person team making t-shirts in a garage grew into a huge company of more than 500 employees across the US, Mexico, and Europe. In 2013, when Davis Siksnans was only 22 years old, he co-founded the business “Printful”. Printful is a print-on-demand drop shipping startup that makes it easy for anyone to sell custom print products online. It provides services including printing, packaging, shipping, and warehousing to help make launching your own e-commerce business as easy as possible. Their goal is to help aspiring entrepreneurs to sell their goods online by allowing them to focus on design, marketing, and sales instead of thinking about the “how” part.

Back in 2012, Siksnans and his team began an online store that offered posters with motivational quotes from successful entrepreneurs. They then wanted to expand this business and start selling apparel the same way they sold these posters. However, they realized there were no services that would do apparel print-on-demand with fast fulfillment and good quality. That’s when they realized the need for a service like Printful. Printful would become one of the world’s leading drop shipping companies.

Siksnans is very open about challenges on his road to success saying “The way I overcome my failures is – I learn from my mistakes and accept that failures are inevitable. Success very rarely comes with the first idea.” He also offers great advice to those wanting to start a business like he did. In a more recent interview, he offers this final piece of advice, “A good time to start is anytime, because a better one will never come. So just start now and see what happens.”

Hope Outfitters

Hope Outfitters is a small business started by Ryan Welch that creates cute, comfortable clothing and accessories, and then donates all of the profits to charity.  They believe that even the smallest things can add up to the biggest difference.  Part of what makes Hope Outfitters an interesting business model is that not only do they donate all of their profits to charity, but they pick a different charity every year.  I think this is a great idea because this way, they can spread around their profits and pick relevant causes each year.  I believe this also makes it more appealing to customers, drives interest and incentivizes repeat customers because if they like the new charity they will want to support it.  Most of the products on the website are made in the United States which is also a nice plus.  Hope Outfitters also provides the guarantee that none of their products have been made in sweatshops or unethical ways, allowing the customer to buy with a clean conscience.  I believe that this company is a great example of how with 25 dollar shirts, one company can make a huge impact all across the world.

Seizing opportunity – Willow Tufano

Willow Tufano

One of the biggest parts of being an entrepreneur is looking for and taking advantage of opportunities. Willow Tufano is a great example of an entrepreneur who took advantage of an opportunity that she saw coming out of a problem. When Willow was 14 years old, a recession hit Florida, causing houses that usually sold for upwards of $100,000 were selling for less than $15,000 at auctions. With the help of a family who had experience in real estate, Willow decided to take a risk and take advantage of the opportunity of low-priced real estate, she bought a house. After doing some work on the house, Willow made the home available to rent for $700 a month. She was then to make back what she spent in just over a year and a half.

Willow capitalized on an amazing opportunity she saw coming out of a bad situation. Willow was able to gain a lot of experience in real estate and make a really good profit because of her willingness to take a risk and seize opportunities. Risk analysis is an essential skill for entrepreneurship, Willow was able to seize the opportunity at hand because of her ability to take into account the possible reward in light of the potential risk. Risk-analysis and seizing opportunities are both skills that I am working on myself, it is a terrible feeling to realize you missed out on an amazing opportunity because I was scared to step out and try doing something outside my comfort zone. Willow is an example of the possible reward for taking risks.

The Buzz for Bee Downtown

Do you ever think about bees? Small little insects with a huge impact on our world today. With the bee population dwindling every year, beekeepers like Leigh-Kathryn Bonner founded Bee Downtown to save the bees while simultaneously giving companies a new way to think about sustainability.

Companies, like honeybees, are both hives. They both have workers and a queen to serve. With this in mind and the similarities between the two, Leigh-Kathryn Bonner, a fourth-generation beekeeper in her family, wanted to find a way to unite modern day companies with her passion for saving honeybees. Her idea was Bee Downtown, a business that installs beehives on corporate land while at the same time teaching companies about creating high-quality teams for businesses. It was a unique opportunity for Kathryn. Her family had already been beekeepers for a few generations and that same love for the environment and saving honeybees was already instilled into Kathryn.

Their main service is installing and maintaining beehives on corporate campuses. This gives a place for honeybees to live in the spring and summer and drives curiosity and engagement from the employees. With the bees living alongside these companies, Bonner hopes to educate the corporate world about sustainability and caring for the environment. However, Bee Downton also offers year-round programs to satisfy employee curiosity. From Beekeeping Classes, Hive Tours, and even Honey Tastings and an Annual Honey Extraction Festival, they offer a wide variety of education and entertainment for anyone wanting to save the bees. They also partner with some of the biggest companies in America like Burt’s Bees, Delta, and Chick-fil-A. The director of sustainable business at Burt’s Bees even said, “We love what Bee Downtown is doing. We appreciate the partnership and are impressed with the professionalism and customer service of all BDT team members! Every spring, we are so glad to have busy bees again. There’s an entirely different energy in the office when they’re here!”

Overall, Leigh-Kathryn Bonner is one of the true examples of an innovative entrepreneur. She combined a passion for beekeeping and a need for corporate sustainability and combined them to create a company with a wonderful idea at its core. Not only is it educational, but it’s also just plain fun! Maybe we should look into Bee Downtown and get a few beehives on campus as well!

Nannies by Noa: The Unique Nanny Service

      Noa Mintz is a fascinating and truly inspiring millennial entrepreneur, who is currently a senior at Brown University. She grew up in the Upper West Side in Manhattan; at the age of 12 she created her own business, “Nannies by Noa”, which is currently a member of the Association of Premier Nanny Agencies. Her business serves affluent NYC families seeking well-educated and well-trained nannies on a regular basis. There are many different positions for the nannies ranging from part-time after school babysitting, to full-time 40 hours per week, Monday through Fridays.  

    According to a CNN Business article, Mintz’s idea came to her after her mother told her to “find a better babysitter.” Since Mintz didn’t like her own babysitter, she started looking for another one and later helped her friends find nannies too. She designed a thorough application process and started interviewing people for nanny positions. 

    Nannies by Noa’s application process is extensive. Understandably the application process requires multiple background checks, drug testing, but also includes three years in-home childcare experience requirement, two childcare employment references, a resume, an interview, and the requirement to be able to commit for at least one year. For example, there are a couple of active positions where some families have requested the nannies to speak French fluently. In many instances healthcare is also paid for by the families, which is unlike other major nanny services in the New York City area. Also, some families make arrangements for the nanny to have four weeks off for a vacation as well as the major federal holidays. Mintz has created a variety of different positions and services to best accommodate nannies as well as the families. 

   Nannies by Noa continues to thrive; even as Mintz is finishing up her last year studying Cognitive Neuroscience at Brown University, she continues to manage her childhood business. 

To learn more please check out…

https://www.nanniesbynoa.com/about/

https://money.cnn.com/2015/02/06/smallbusiness/nannies-by-noa/index.html