Archive for Great Ideas – Page 9

Not Before Tea

Henry Patterson was quite an imaginative young man, even from a very young age. When he was 5 and wanted some new toys, his mom suggested that he sell some of his old ones to buy a new one. Henry’s budding entrepreneurial mind then began to expand as he not only sold toys by themselves but with other, seemingly unrelated toy, in one case he says, “I loved doing this (selling his toys on ebay) and got quite imaginative putting Ben 10 on a tractor and selling him as Farmer Ben 10!” From then on, Henry knew he wanted to run his own business.

But what could a now ten year old do? The ages of fancy new tech startup owners and cutting edge online real estate moguls usually hover around early twenties to mid thirties, Henry needed to find something that he knew well and could do better than anyone. Then one day, he found it. What Henry knew better than anyone was how to be a kid! Looking back to the days of selling his toys one ebay, Henry, with some help, started the Not Before Tea company.

Not Before Tea sells items for kids. Small toys like animal blankets, stuffed animals, and children’s book (written by Henry himself) are all sold by Not Before Tea. Items for parents with small children are also sold, items like diaper bags and changing mats. Even room amenities are part of Not Before Tea, things like rugs and playful wall stickers.

Henry’s young but determined entrepreneurial spirit shows us all how powerful the right idea can be if you’re passionate about it and are willing to see it through with all you have.

Jeff Smith Smule

Jeff Smith is a co-founder of the popular app, smule. Smule is a well known app that has taken the world by storm. It is a musical app that allows users to listen and play music as well as sing along with it. According to the statistics over 350 million people across the world have used the app in the past. Which is crazy because that is 4% of the entire world’s population. Jeff Smith has also been included in other app creations that all deal with music. The man is simply inspirational to young entrepreneurs.

Rich in a Snap: Evan Spiegel

I can guarantee almost everyone reading this has Snapchat installed on their phone right now, and that is thanks to visionary entrepreneur Evan Spiegel.  In 2011, twenty-one year old Stanford graduate Evan Spiegel founded Snapchat with his fraternity brother Bobby Murphy.  Spiegel created an app completely different from all the rest at its time, and it would go on to make him a billionaire.   Photo by Jae C. Hong/AP/REX/Shutterstock Evan Spiegel, Snapchat Snapchat CEO Evan Spiegel in Los Angeles. Snapchat has agreed to settle with the Federal Trade Commission over charges that it deceived customers about the disappearing nature of messages they send through its service and collected users' contacts without telling them or asking for permission Snapchat FTC, Los Angeles, USA

Even with Facebook and Instagram trying religiously to copy Spiegel’s creation, Snapchat has reigned supreme as the best photo communication technology, averaging “191 million users” a day.  In 2017, Snapchat went public as Snap Inc.™, and twenty-eight year old Spiegel became the youngest CEO of a public company in American history.  Since going public, Snapchat has struggled financially.  However, Spiegel still refuses to give up his CEO position or sell his 18% of the company.  It is impressive to see someone stay strong and keep protecting their vision, even amidst much criticism and struggles.

Should We Go?

Elise Hennigan took a huge risk and left her high up position in a startup to pursue her own idea. She found inspiration in her dog, Emmet, because of how kind and loving he is. “Dogs light people up. They bring out this love and passion in people, and they connect us to each other. I started Should We Go? to honor this idea,” Hennigan says. Rather than jumping into the market with her own assumption of what would sell, she instead conducted research on Amazon. Figuring out which products were well liked and which ones were not, Elise constructed her idea: a hands-free dog leash. While she knew this was a great niche market idea, she also knew that these products already existed, so she did more research. After looking through the reviews of the existing product, she decided to switch up her design to solve these problems.

 

Elise says,“Everyone else is using the same criteria for product launches, so you really, truly need to think outside of the box. Like so many things in life, you should be aware of the rules so you can break them thoughtfully and with intention.” This type of innovative thinking perfectly exhibits a great entrepreneur: figuring out what everyone else is doing wrong and counteract it. With this incredible entrepreneurial mindset, Hennigan was able to branch out her brand by creating unique, handmade dog bowls on Etsy. With a company like Should We Go? there is now way to go except up. 

 

By analyzing the market rather than assuming what people want, Elise Hennigan shows her brilliance in understanding that marketing (and selling) is “Finding out what people want and giving it to them” (as Dr. Powell wisely says). I look forward to seeing more products flow from this lucrative company. Good luck Elise!

Image result for elise hennigan

A “New Story” for the Homeless

In many cases the world’s greatest technological advances are reserved for the rich until they slowly defuse into the mass market and if the poor are lucky, they eventually have a chance to utilize them. However, New Story, a nonprofit; has paired with ICON to give the poor an exclusive first dibs on some amazing technology.

New Story + ICON have developed the capability to 3D print houses and are using this technology to build safe, affordable, and comfortable homes for the homeless around the world.  They can print 600-800 square foot homes in 24 hours for less than 4,000 dollars. The impact this can have on third world is insane. It will create safer and cleaner communities where their residents can develop to their fullest potential.

Not only is New Story a crazy cool organization, but one of its co-founders and CEO is a millennial with a crazy cool story. Brett Hagler went to college pursuing all the wrong things in life. He wanted money, fame, and women. Instead he got cancer. His fight against cancer helped him to put his life into perspective and brought him back to his Christian faith. After beating cancer he decided to follow his new passion and start an organization that actually helps people.

 

2016 Brett was voted a Forbes 30 Under 30 Entrepreneur and in 2018 named Top 100 Most Intriguing Entrepreneurs by Goldman Sachs. In 2017 New Story was called one of the “Most Innovative Companies In The World,” by Fast Company. This organization is small, but has shown stunning growth and continues on a successful path. In college as Brett chased the wrong things he gained a lot of entrepreneurial experience. He used these skills and a lot of hard work to create something amazing and it is changing the world in insane ways.

 

HANDSHAKE – the story behind these CSO emails we get so often.

Handshake Logo

Whether you’re a Freshman or a Senior, you are definitely used to getting emails from the Career Service Office badgering you to sign up for Handshake. What’s so special about this company Grove City partners with?

Handshake’s mission is pretty relevant to anyone in this class since their expressed purpose is to help all students find meaningful careers.

This mission stems from their belief that talent is distributed evenly but opportunity is not. This problem frustrated Garrett Lord and a few of his classmates back in 2013, so they set out on a road trip to interview other college students frustrated by the unlevel playing field.  Their hypothesis was confirmed by these inquiries and today they’ve accumulated $34 million dollars since moving their offices to San Francisco.

Today Handshake connects 300k+ employers with 14 million+ students.

Even in the age of LinkedIn’s dominance, a young entrepreneur was able to design a solution to a problem he saw in the way people like him looked for the work they would find meaningful.

 

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.