What they do:
Pioneered high-end clothing hangers for the public, the same quality hangers it sold to business clients.
Inspiration:
Devon Rifkin saw his father's retail fixture customers buying heavy-duty hangers for their homes as well as their businesses – their restaurants, bars, hotels and retail shops.
About the business:
The Great American Hanger Company revolutionized the hanger industry. Today, it’s a $9.6 million dollar business with 17 million hangers sold each year.
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.
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.
How did a music major wind up founding the fastest growing start-up in history? In our very first Why Didn’t I Think of That? ® Podcast, Bob Smith and Greg Anastos look at the story of Andrew Mason and his tech start-up Groupon, an online daily deal service.