What they do:
Manufactures a unique line of hand painted tools for the home, kitchen, and garden, called CuteTools.
Inspiration:
Lisa Knoppe Reed sat at her kitchen table and painted whimsical scenes and colorful flowers on household gadgets and tools. Wanting to make a difference in lives of others, she sold the tools and donated a percentage of all profit to charities. While visiting a school, she saw how excited special needs kids got when helping to create Cute Tools.
About the business:
Manufactures a unique line of hand painted tools. Business helps support charities and special needs schools. In exchange for schools sharing a percentage of her revenue, students work sanding, priming, doing inventory and quality control. Cute Tools are sold in 4,000 stores around the world with sales projections of $2.5 million.
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.
Jake Zien was a 17 year old with a quirky idea for a flexible power strip. Ben Kaufman was a 19 year with a start-up and a vision of harnessing ideas just like Jake’s.
Now, thanks to Kaufman’s invention crowdsourcing site Quirky, Zien and other inventors like him are seeing their products go from sketchpad to store shelf faster than they can say “perpetual royalties.”
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.
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.
Searching for comfort from the heat, Steven Villegas altered a pair of army surplus pants into a legless skirt, optimized for the working man. He called it the “Utilikilt.” His utilitarian man-skirt quickly became a surprise hit with construction workers, bikers, and other unlikely customers. On the latest episode of The Why Didn’t I Think of That? ® Podcast, we put the spotlight on this up-and-coming entrepreneur.
The Why Guys speak with Villegas about his unique product on this week’s Why Didn’t I Think of That? Podcast.