Smart Ideas 09/04
Asian-inspired children's clothing, fine art marketing materials and more
URL:
http://www.entrepreneur.com/magazine/entrepreneur/2004/september/72270.html
What: A
designer of Asian-inspired children's clothing
Who: Leslie Karen
Potter and Lynn Potter Wells of Meili &
Me
Where: Longview,
Texas
When: Started in
March 2003
When Leslie Karen Potter adopted her daughter from China in
2000, she fell in love not only with her new little one, but also
with the Chinese culture. She wanted her daughter, Meili, now 4
years old, to grow up knowing about and being proud of her cultural
heritage. So Potter, 49, decided to combine her passion for
Chinese-inspired clothing with her background as a professional
shopper and stylist to create a line of clothes for her daughter
and other children, too.
Potter recruited her sister, Lynn Potter Wells, who had a
background in graphic design, to partner in the venture. Though the
sisters live in different states (Potter in Colorado and Wells in
Texas), they're able to divide their duties easily via
telephone and the Internet. Potter handles the manufacturing, while
Wells takes care of the marketing and design work.
At startup, the pair was able to locate an Asian-American
seamstress to help design and create pieces with just the right
flair. And being part of the Asian-American adoption community has
helped Potter and Wells get the word out about their products.
"The reaction has been really great," says Wells, 51.
"We went to an Asian adoption festival for three hours and
sold $2,700 worth of clothing." The buzz is so positive, in
fact, that the entrepreneurs have even received requests for little
boys' clothes as well. Full of ideas for the future-including a
line of children's décor and diaper bags with
Asian-inspired prints-the founders of Meili & Me expect sales
to hit $30,000 within a year.
Good Sports
What: Penalty
flags that sports fans can throw at home
Who: Deirdre and
Phil Barrows, and Faith and Rob Schroeder of Call Your Own!
Where: Port
Washington, Wisconsin
When: Started in
December 2003
Frustrated with the football games he'd watch at home, Phil
Barrows, 45, used to throw anything in arm's reach at the TV
when officials made a bad call. It prompted his wife, Deirdre, 35,
to suggest that they make their own penalty flags to be thrown in
place of other things. Phil's childhood friend Rob Schroeder,
45, and his wife, Faith, 35, were also big football fans. They saw
the potential of the Call Your Own! penalty flags, and the cadre of
entrepreneurs joined forces. "We've gone from being
armchair quarterbacks to armchair quarterbacks and referees,"
says Phil.
The partners started researching different fabrics and ball
inserts that would give the flags the right texture and enough
weight to fall, but not cause damage to furniture or injure
bystanders. When they found theright combination, the entrepreneurs
started selling them to small local retailers. People in their
community, most of them big football fans, jumped at the product,
priced between $4 and $7, says Phil. Now, with retailers from
Canada to Florida to Texas clamoring for more, the entrepreneurs
are ready for their second big football season.
Still doing the business part time, the team expects to gross
about $40,000 in their first full year of business. Phil also notes
that he and his partners plan to grow the penalty flag concept into
other arenas as well-from corporate meetings to a silly
anger-relief tool, and even as a marketing tool for other
companies. Says Phil, "People really get a kick out of
it."
Image Is Everything
What:
Marketing materials incorporating fine art
Who: Sandy Myers
of Artable
Where:
Minneapolis
When: Started in
October 2002
To promote their products and services, businesses often hand
out uninspiring coffee mugs, pens and other merchandise featuring
their logos. "[But] how often have you gone to a garage sale
and seen logo merchandise?" asks entrepreneur Sandy Myers,
53.
By securing fine art prints and putting them on everything from
luggage tags and postcards to mouse pads and coffee mugs, she's
come up with a more artistic option for businesses. So instead of
the standard mug printed with a logo, her clients can have their
company names and information printed on an array of items
featuring beautiful art images.
Myers also runs Visual Promotions, a company that creates
point-of-purchase and trade show displays and banners. She founded
Artable- which should gross about $200,000 in sales for 2004-to add
yet another layer of services to the business community.
On a Shoestring
What: A
document storage company
Who: Rick Kushel
and Ed Vogelsong of Archive Systems
Where: Fairfield,
New Jersey
When: Started in
1991
How much:
$5,000
A "do whatever it takes" mentality helped Rick Kushel,
39, and Ed Vogelsong, 41, build their document storage company in
1991. The two met while working at telecom company MCI in the late
'80s. But when Vogelsong left his job in 1990, they were struck
with the idea of starting a company. The partners settled on a
document storage company with a special focus on customer service,
because they didn't see much industry competition in their
area, and because Vogelsong had family in a similar business. With
just $5,000 in startup capital, they had to call on their
creativity to succeed.
Their first money-saving tactic was to create a different model
for document storage. Instead of renting a huge space and filling
it with clients, says Kushel, "We'd rent a minimal amount
of space, fill it, and take more as we needed it."
To help pay the bills, Vogelsong drove limos at night, while
Kushel kept his sales job. They met whenever Vogelsong wasn't
working to do every part of the business-from creating a storage
system to picking up and delivering documents. According to
Vogelsong, the partners didn't take a salary for at least three
years into the venture. Kushel was even making deliveries in his
car in the early days-no fancy delivery trucks like they have
today. But their biggest key to success was financial wisdom. Says
Kushel: "Budget properly, and spend wisely. Live within your
means."
With their storage system encompassing hard copies and
electronic computer copies, today Archive Systems boasts more than
400,000 square feet of storage space. With sales set to hit $16
million for 2004, it seems the main thing they're storing now
is profits.
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