Archive for Great Ideas – Page 10

Benjamin Stern and Nohbo

Benjamin Stern was only 17 years old when he secured an investment from Mark Cuban on Shark Tank for his company Nohbo. Benjamin started his entrepreneurship journey all the way back in middle school, where he started his first venture. Stern would buy his own coffee beans at a wholesale price, from a roaster in Seattle, and would go around his neighborhood selling his own coffee. Part of the sales would go to the Wounded Warriors Project. After this he wanted to create an idea that would go beyond his own neighborhood.

Image result for Benjamin Stern and Nohbo

Using his company Nohbo, Benjamin Stern is trying to eliminate the need for plastic bottles in personal car products. Such as shampoo, conditioner, body wash, and shaving cream. His product is a single use, water-soluble, apparatus that dissolves 100 percent. It is either a ball of shampoo, conditioner, body wash, or shaving cream that you just rub on your hands under water and lather up. Moving forward Benjamin is trying to work with top hotel distributors to create a custom line for them. With an increasing consumer demand on the emphasis of cleaner, greener, and healthier products, I have no doubt that this product is bound to really change up the health and body care industry.

Article Link: https://www.newhope.com/business-resources/walk-you-run-interview-benjamin-stern-17-year-old-founder-nohbo

Bumpers

In an increasingly connected world one new trend that has emerged is the idea of podcasting. A podcast is basically the new radio talk show where people can record themselves talking and having discussions and then post these conversations on platforms like Apple Podcasts to show the world their thoughts. This trend has definitely been growing over the last couple of years, but there have still been hurdles that have prevented people from getting involved in this new podcasting community. These include issues like a lack of equipment or a lack of skills needed to edit and record proper, well-made audio.

This is the problem that Jacob Thornton and Ian Ownbey, two guys that use to work at twitter, are trying to solve with their app Bumpers. They saw that the podcasting world was becoming an increasingly larger industry and to help get more A podcast in progress in the Bumpers app.people get into this community they created an app that allows people to record their own podcasts with just their phone. This idea came to Ownbey when he and his friend trying to start their own podcast. They were very excited for it, but soon realized how difficult creating a podcast actually was. He said that they would spend so much time editing with the mechanics or learning ProTools that they ended up getting frustrated and giving up on the idea as a whole.  However, the silver lining to this was that Ownbey, unlike most people, saw opportunity in his frustration. He realized that if he had this much trouble creating a podcast, then others probably have had the same issue as well. Thus, Bumpers was created to help regular people, like Ownbey and his friend, generate their own podcasts on a simple platform.

I think that this story makes some very interesting point about entrepreneurship. Sometimes we try to do something, and it doesn’t work out for us, or it is too complicated for us to understand. However, a true entrepreneur sees opportunities in these frustrating situations and finds ways of improving old methods of doing things. Ownbey and Thornton have proved this point with their app raising $1 million dollars led by Spark Capital. Another important lesson this teaches is that sometimes being an entrepreneur does not require creating something completely new, sometimes people just need something to be simpler or made more efficient. In this scenario, creating a podcast was definitely not a new thing, in fact people have been doing it for a many of years. The genius of Bumper isn’t that it allowed people to create podcasts, what makes it a success is that it gave people an easier and more efficient way to make podcasts. By doing this, Ownbey and Thornton have opened up the market to a larger pool of people that would not have been able to create these podcasts before, and this has paid off well for them.

 

 

Social Media Tycoon

        Evan Spiegel is someone who has accumulated great wealth at a young age through the popular multimedia messaging app Snapchat. Being a California native, he grew up surrounded by all sorts of innovation and developments. Evan attended Stanford University to study product design, which eventually led him to come up with the concept of Snapchat. This idea received lots of criticism from his peers, but Evan decided to pursue it with two of his peers by creating a prototype. It was first named “Picaboo”, which would later be renamed Snapchat. He then decided to leave Stanford to focus on Snapchat fulltime. From 2012 to 2018, the daily active users went from 1 million to a staggering 400 million. Spiegel reached billionaire status by his mid-twenties and is now worth $1.8 billion. This goes to show how someone’s age does not limit them to achieving a high level of success. Perseverance and vision were very integral to Evan’s pursuit for achieving big things, even when his peers thought the idea was bad.                                                                                 

 

Blog Post #6 – Kobe Bryant

Kobe Bryant is another person who people automatically associate with basketball, and for good reason.  Ever since his retirement, Kobe has been making headlines all over with his business moves.  In March of 2014, Bryant decided to invest $6 million into Body Armor, a sports drink company.  In return, he would receive 10% of the company.  Back in August of 2018, Coca-Cola decided to purchase Body Armor and Kobe saw his investment turn into a $200 million gain.  He saw a return of $194 million which is not too bad for 5 years of ownership.  Also, in January 2018, he received a Grammy for his short-film, “Dear Basketball”.  Kobe Bryant has nearly made more money during his retirement than his 20-year playing career.  If that is not a businessman/entrepreneur then I do not know what is.  He has also been extremely precise as to what endorsement deals he selects because he is focused on being as successful as possible.  Some of his most lucrative deals include partnerships with McDonald’s, Nike, Sprite, and Spalding.  Kobe has also been very wise with his spending habits.  He also has expressed some interest in owning an NBA team and that can be very expensive so he is doing everything he can to make that dream become reality.  Kobe Bryant is an entrepreneur because he is never satisfied, he always is looking for more.  Success can come in a variety of ways, but someone’s bank account is usually a good indicator as to how successful they have been and Kobe’s bank account would certainly say that he is very successful.

Blog Post #5 – LeBron James

When people hear the name “LeBron James“, basketball instantly comes to my mind, but not many people realize how successful he is off the basketball court.  LeBron has remained smart with his money ever since the beginning of his NBA career.  He has constantly had a team of advisors and know how best use his money when opportunities arise.  One of the most well-known business avenues that James has taken is his ownership in “Blaze Pizza”.  He currently owns 11 of these stores and the chain is continuing to grow around the country.  He has also been extremely savvy as to what endorses he accepts from various companies.  He understands his worth and refuses to accept anything less because he is focused on the bigger picture, life after basketball.  James has been quoted numerous times that he wants to one day own an NBA AND NFL team.  Such a feat requires an absurd amount of money, but if anyone can pull it off, it would be James.  A few years ago, he announced that he had signed a lifetime endorsement deal with Nike that was reportedly worth over $1 billion.  Since he now resides in LA, he has also expanded his business connections.  He recently debuted a TV show called “The Shop” and he helped design and produce NBA 2K19.  He represents an entrepreneur because he never gets complacent; he always wants more.  He is not afraid to take a chance if he thinks their is a large payout in the end.  He said that his decision to move to LA was the beginning of his “life after basketball” and that adds even to more to how much of an entrepreneurial mind he has.  He may not retire for 5 more years, but he is already looking at the bigger picture, and that is a rare quality to possess.

Zollipops

In 2014, Alina Morse asked her dad a simple question to solve a prevalent issue among children: cavities. She asked, “Dad, why can’t we make a lollipop that’s good for your teeth?” This question sparked the creation of Zollipops. With help from her father and a significant amount of research, this 7 year old entrepreneur was able to make this dream a reality. But what would she call these healthy lollipops? Her little sister Lola came up with Zollipops and Alina loved it. Zollipops are a sugar free, vegan, smart, organic, and “yummy’ candy. They are made with the sweeteners xylitol, erythritol, stevia and other natural ingredients which are healthier alternatives to sugar. They also help to neutralize acidity in the mouth, which prevents bacteria that causes tooth decay to grow.

Last year, Alina made $70,000 in sales and entered the kids’ version of “Shark Tank.” Even through this remarkable success, Alina is not quite finished yet. She’s currently working on getting Zollipops into dentist offices and schools across the country!

Sources:

-https://zollipops.com/our-story/

-https://www.cnbc.com/2015/07/27/8-young-entrepreneurs-making-serious.html?slide=4

Blog Post #4 – Jack Amend

Jack Amend is a 27 year old entrepreneur from Los Angeles, California.  He received his Bachelor’s degree from University of California, Santa Barbara.  A few years ago, he came up with the idea of wanting to eliminate the carbon footprint created by the internet.  He is extremely successful at what he does, but he often gets overlooked because not many people understand exactly what he is doing.  His project is called The Web Neutral Project.  This project is aimed at reducing the carbon footprint of the internet through a comprehensive carbon neutral certification program.  So far Jack and his team have already eliminated the production of over 300 metric tons of CO2.  He aims at providing companies with renewable energy sources rather than burning through even more energy.  He wants to eliminate the Internet’s dependency on fossil fuels through a comprehensive website certification program.  He worked his way through the chain of command and made sure to retain on the knowledge he was taught when he was younger.  He displays many characteristics of an entrepreneur.  He is innovative, driven, and always looking to better himself and his company.  He is said to be very good to work for and his employees have nothing but positive things to say about him.  I really admire his ability to not allow his age to slow him down, but rather use it to motivate him.  He does not see barriers as something stopping him, but rather something else that he can overcome and accomplish.

The True Grove City College Entrepreneur

With the Entrepreneurship program winning the United States Association for Small Business and Entrepreneurship (USASBE) Model Emerging Program Award, Entrepreneurship is a hot topic on campus. Professor English, Executive Director of  the Center for Entrepreneurship + Innovation (E+I) at Grove City College said, “The award has already generated greater awareness and interest in our Entrepreneurship program. I was mobbed after the gala with inquiries and requests from other schools and programs to see our center and collaborate with us. It’s an exciting time for Entrepreneurship at Grove City College.” It is truly an exciting time for Grove City College.

Grove City College students, and students from all over the nation now look to Grove City for its entrepreneurial expertise. With an excellent entrepreneurship program, many people see great ideas and creations in future generations. However, many people fail to recognize the greatest entrepreneur in Grove City’s history: Dr. Issac C. Ketler. Like most entrepreneurship students at Grove City, Ketler (who had no entrepreneurial training himself) was filled with excitement to create and maintain his own business. Contrary to GCC students, Ketler desired to start his own college, originally called Pine Grove Normal Academy, but most of us know it as Grove City College.

Fresh out of National Normal School, a college specifically for aspiring teachers, Ketler instituted Pine Grove Normal Academy (Grove City College) at 23 years old in 1876. The first year’s class was filled to the brim with 26 students, but when people heard about Pine Grove’s unique mission, attendance steadily began to rise. By the 1900’s, the attendance of Pine Grove skyrocketed to over 650 students. How did these numbers increase so quickly, one may ask? Well, Ketler did what any excellent entrepreneur would do: He came up with a unique selling proposition. His vision was to create a Christian, educational society that transcends all denominations and belief systems.

Without any type of degree or class on how to start a college, Isaac Ketler showed confidence and brilliance in instituting a now famous conservative college where students today can pursue their passions. Whether one is an education major or an electrical engineer major, Grove City College is a non-government controlled environment where students learn about Christianity in tandem to their classes of choice. Grove City College is truly a place “Where faith and freedom matter.”

Plastic Clothing?

Turning plastic into clothing came from a brother-sister duo at Colgate University. Growing up right by the beach, the brother and sister noticed a waste problem. They realized they wanted to do something about the problem and came up with a solution. The duo pitched an idea to turn plastic bottles into swimwear, earning them $20,000 at a mock Shark Tank. After winning, they raised nearly $25,000 more, and ended up launching the company, Fair Harbor Clothing. The concept is very neat and is quite simple, bottles are broken down into polyfibers which are then spun into yarn and sewn into clothing. The duo started selling by going to over 200 Trunk Shows. Today, the business has grown greatly, Fair Harbor worked with the Brooklyn Fashion and Design Accelerator to create board shorts and woman’s swimsuits using 11 plastic bottles and a little bit of cotton and spandex for shaping. 

The plastic to clothing design is very innovative and is a great idea. I think this idea is a great way to help with global cleanliness and waste reduction, a large problem in the world today. They take and use 11 bottles for clothing and the company is continuing to grow their inventory and options which helps to use even more recycling. I think it would be cool if they took bottles and other plastics straight from the ocean and helped to clean the earth by recycling and actually cleaning the ocean. However, the company is a great idea and is great for the planet and society.

Wonky Drinks

Karina Sudenyte and Maciek Kackprzyk are two young Welsh entrepreneurs who decided to tackle the left-over food and plastic waste problem with one business, Wonky Drinks. The social enterprise was created by the two at ages 20 and 23 with a successful crowdfunding campaign. Within a year, the two were buying ugly, but edible fruit at 70% of market price and bottling the unique juice in recycled glass bottles. In doing so, Wonky Drinks has prevented 175 tons of fruit from going to a landfill. The business’ main source of revenue currently comes from B2B sales with partnerships including Bank of America, HSBC and Merrill Lynch, KPMG, and caterer BaxterStorey. Moving forward, the company’s goals include giving more drinks to charity, reducing 10,000 tons of produce waste, and breaking into supermarkets with different canned drinks.

Karina and Maciek have won a Young Entrepreneur of the Year trophy at the NatWest Great British Entrepreneur Awards 2017 for their work. During their childhood, Karina would help her mom sell household goods and Maciek would attempt to sell paper shoes to his neighbors. Maciek has now earned two masters degrees in law and Karina is focusing on earning a BA in Business Management. Their entrepreneurial spirit coupled with their academic achievements is a testament to the good that can be done when  natural creativity meshes with acquired knowledge.