RicardoGrande
Bronze Contributor
LEGACY MEMBER
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
- Joined
- May 9, 2021
- Messages
- 492
Rep Bank
$2,160
$2,160
User Power: 273%
I already sound like a broken record, but outside of sales and logistical headaches, most of business seems to be a question of if you will just try to do something or not.
Like in this episode of how I built this, with the founder of tom's of main... Tom!
What really floored me is he just "knew" he wanted to do something in the space after having an FTE at his dayjob as a salesman and remembering his wife was complaining about additives and chemicals in personal hygeine stuff... so he went and begged his friends for a measly 5,000$ (41,000$ today) and just wrote letters and found a chemist to make formulations which he took to co-manufacturers.
This may sound simple to you, but let me remind you of something real quick:
It sold for about 100 million back in 2006 (157,000,000$ in today's funny money).
Peep the employee data, the core of the business is only about 107 employees- mainly logistics and admin, most of what the company does for the nitty-gritty in terms of production is simply sent to co-manufacturers.
This one really bites me because it's a reflection of something I've been chasing in the food space. I actually did make and sell my own "natural deodorant" back in 2018 then saw native blow up and gave up before talking to any co-manufacturers. Even right now I'm procrastinating on pulling the trigger with any food chemists because of a bunch of dumb mental BS and not wanting to burn money- looking at the downsides but not the upside.
Meanwhile Tom back in the 70s, freshly unemployed, begged for his friends to take out a second mortgage on their house to give him seed money to start a natural hygiene brand back when even looking sorta similar to a communist would get you beat to a pulp.
Yeowza.
Like in this episode of how I built this, with the founder of tom's of main... Tom!
What really floored me is he just "knew" he wanted to do something in the space after having an FTE at his dayjob as a salesman and remembering his wife was complaining about additives and chemicals in personal hygeine stuff... so he went and begged his friends for a measly 5,000$ (41,000$ today) and just wrote letters and found a chemist to make formulations which he took to co-manufacturers.
This may sound simple to you, but let me remind you of something real quick:
It sold for about 100 million back in 2006 (157,000,000$ in today's funny money).
Peep the employee data, the core of the business is only about 107 employees- mainly logistics and admin, most of what the company does for the nitty-gritty in terms of production is simply sent to co-manufacturers.
This one really bites me because it's a reflection of something I've been chasing in the food space. I actually did make and sell my own "natural deodorant" back in 2018 then saw native blow up and gave up before talking to any co-manufacturers. Even right now I'm procrastinating on pulling the trigger with any food chemists because of a bunch of dumb mental BS and not wanting to burn money- looking at the downsides but not the upside.
Meanwhile Tom back in the 70s, freshly unemployed, begged for his friends to take out a second mortgage on their house to give him seed money to start a natural hygiene brand back when even looking sorta similar to a communist would get you beat to a pulp.
Yeowza.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
