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For sometime now, we’ve had a special project in the works. We wanted to give our listeners and readers a chance to hear a new Why Didn’t I Think of That?® feature every day, even if they’re away from the radio. And that’s exactly what we’ve done. Today marks the beginning phases of a plan [...]
Nobody thought about putting paint in an aerosol can until Ed Seymour. In 1949, Seymour was looking for a novel way to demonstrate a new aluminum paint. His wife suggested putting it in an aerosol can, like ones recently introduced for insecticides. To his surprise, the sprayer — not the paint — became the star of his demonstration.
While in Hawaii in the 1800′s, James Dole discovered a fruit most people had never seen or heard of before: The pineapple. He began importing the fruit to the mainland and introduced the country to this exotic, sweet treat. The pineapple became a national favorite, and the Dole Food Company became the largest supplier of fruits and vegetables in the world.
He started his first business in college. He sold his second business to Clear Channel. He came within four minutes of winning CBS’s the Amazing Race. He’s led an interesting life, but what Blake Mycoskie is best known for is starting TOMS Shoes, the company that has donated well over a million shoes to needy men, women, and children.
Today it’s as synonymous with sports as cheerleaders or sweatbands. But not too long ago, Gatorade was just a nameless concoction, cooked up to revitalize the University of Florida’s football team: the Gators. The Gators were losing. A lot. One reason for that was the hot Florida weather dehydrating the players. The “Gator-Aid” not only saved the team, but it has been hydrating and refreshing some of the world’s greatest athletes ever since.
Today’s Hall of Fame Spotlight: The Story of Gatorade.
What they do:
Miles Laboratories manufactures Alka-Seltzer, an over-the-counter remedy for cold and flu.
Inspiration:
When Andrew Beardsley heard that reporters at a local newspaper used a mixture of aspirin and bicarbonate of soda to avoid colds and the flu, he investigated. In true entrepreneurial spirit, he had a chemist mix a concoction for sale.
About the business:
For eighty years, Alka-Seltzer has remained one of the world’s most famous cold remedies. Owned by Miles Laboratories, a subsidiary of Bayer, Alka-Seltzer is sold in more than 100 countries, and generates $90 million a year in sales.
In the latest episode of the Why Didn’t I Think of That? Podcast, Bob Smith and Greg Anastos sit down with thinkofthat.net blogger Benjamin Christopher and discuss the first of their Axioms For Entrepreneurs, “Re-think Your Industry.”
The Why Guys explore how companies like Netflix, Apple, Xerox, and General Motors were able to look at their industries, and their companies, in a new light.
When inventor Doug Vick got up in the middle of the night and bumped into the bedpost, he wondered, “How many other people do this every night?”
So he invented high-quality double-lined fleece slippers with a weight sensor in the sole, a light sensor on the side, and an LED light in the toe.
Amazon.com Founder and CEO Jeff Bezos says that they’re “the only tech company with low margins.”
Low margins is an understatement. The company is losing money on every single Kindle Fire tablet they sell. But it’s all part of Jeff Bezos plan to conquer the Universe. He may or may not succeed, but one thing’s clear: With the Kindle Fire, he has single-handedly created a low-end tablet market where there was none, and for that reason alone, he’s about to change the tech industry forever.
It’s no secret that businesses and corporations are always looking forward. The next big product, the next big innovation, the next quarterly report. And yet, many businesses have histories as rich and fascinating as anything you’d find in a history book. Is there any money to be made in preserving your company’s legacy?
Sure, it only takes one company or product to revolutionize an industry, but selling people something they’ve never seen before isn’t easy. The general public tends to shy away from cutting edge technologies and trends, waiting for them to become more commonplace before adapting them. Your job is to change their minds. But how? Luckily, many before us have made bold, world-changing moves that have dramatically shifted the courses of industries, and made the people behind the companies filthy rich. One such example is Apple Computers.
