What they do:
Handy reusable shopping bags.
Inspiration:
Andy Keller wanted to help eliminate the environmental damage caused by single-use paper and plastic bags.
About the business:
Keller came up with the Chico Bag, which can hold 25 pounds, folds into a 3x4 inch pouch, and can be carried in a pocket, stuffed in a backpack or attached to a key chain. Some Chico Bags are made from recycled plastic bottles. Recent sales projections were between $2 million and $3 million.
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.
We’re already in the second week of December! I for one have been so busy lately that I not only missed out on the Black Friday and Cyber Monday hoopla, but I still haven’t done any Christmas shopping! I have a feeling that I’m not the only one, so I thought I’d provide you, dear readers, [...]
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 was 1999. Aspiring screenwriter John Brozek was poking around a new website called eBay, and what he found surprised him: Counterfeit Rolex Watches. Lots of them.
Here’s a mom-turned-entrepreneur who solved a common frustration that most of us just take for granted: Matching Socks.