by Mike | May 19, 2014 | Business ownership, Crowdfunding, It is a Journey, Million in the Bank, Raising money, Starting Out, Types of Business |
Great Toy Story in Summary
Remember your favorite toy or your child’s favorite toy? Toy’s are a big part of all of our lives. But for Shawnta Ray and her husband Rick Harmon toys are their lives. They have had a wild ride, and there is not enough room here for all the spills, turns, and lessons learned. (more…)
by Mike | Apr 28, 2014 | Business ownership, Starting Out, Types of Business |
Arnel’s Originals
Arnel McAtee was a retired school teacher who had two little girls who were covered in eczema. Using an elimination diet, she finally figured it out; they were allergic to a lot of foods but especially gluten. She changed their diet and almost miraculously they were well again. At the time there just was not much gluten free food back in 1996 and the gluten-free bread was not very tasty. This put her on a path of trying to make better and tastier food for her kids by experimenting with recipes. (more…)
by Mike | Apr 5, 2014 | Business ownership, Million in the Bank, Raising money, Types of Business |
Home Brewer Starts Beer Company
Jim Elliott was able to take his home brew to a million dollar business. He had been in retail much of his life, then a school teacher for 14 years. He had been home brewing his beer for 7 years and everyone loved it. He talked to the wife and decided to start a brewery. Jim had made a good business plan to organize his thoughts and try to get the money he needed. He did not have a lot of money, but between his personal money and all his friends and family he scraped $150,000 together.
Jim’s credit was good but even with the help of the SBDC he was still turned down sixteen times by banks for the loan he needed to start his brewery. (more…)
by Mike | Mar 31, 2014 | It is a Journey, Starting Out, Types of Business |
How a yardman became a multi-millionaire
If you are reading my blog or plan to read my book, you would like to have one million dollars in the bank. How often do you think about it? What are you doing about it? Get started, but if you start, make sure you put the time and energy into your new tried and true business to be successful.
I talked to a lady in North Carolina; she has a business that she started a couple of years ago. It is a throwback business, she teaches refinement. (more…)
by Mike | Feb 2, 2014 | Business ownership, Million in the Bank, Types of Business |
I interviewed a 38 year old lady on the phone this week. Talk about just a normal business, she started about 5 years ago when she opened a small ladies clothing boutique shop. It did well, she opened a second shop about a year ago, and has a schedule to open 3 more in about 6 month intervals. These extra 4 shops are how she is scaling her business. I will not say her exact numbers, but one store might make her about $70,000 a year net, 5 stores will simplistically make her about $375,000 net. (more…)