How To Make $25000 A Month Using Sail As Billboard

Troy Sears Story

http://www.nextlevelsailing.com/

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After 10 years managing his family's pest-control business, Troy Sears was antsy. An avid sailor and San Diego native, he had always dreamed of ditching the family trade, buying a few boats, and putting them out to charter. But Hydricks Pest Control provided a steady life, and Sears, the father of three, feared the risks that would come with branching out on his own. "I was making a good living for my family, and that was a lot to give up," says Sears. "But I just didn't enjoy what I was doing day in and day out."



A member of San Diego Yacht Club, Sears knew the two prized 80-foot America's Cup boats docked there would be perfect for the kind of venture he had in mind, but he also knew getting his hands on them would be tough. "It's like a golfer who dreams of playing Augusta," Sears says of Abracadabra, a former America's Cup competitor, and Stars and Stripes, which won the Cup in 1988. "No one could get on these boats."

The boats are tailor-made for specific waters, and until they are retired, remain in the hands of America's Cup teams. Design and construction reportedly runs upwards of $10 million.

But when the Swiss won the Cup in 2003, the race would shift back to Europe, and Sears knew the boats would finally be put on the market. Once the race moves to new waters, their value drops, and the vessels are usually sold off to the highest bidder. Recognizing the opportunity, Sears sold his pest-control company, bought both boats, and founded Next Level Sailing.

Sears says "a lot of crazy, fortuitous things" in his life contributed to his success with the new business. Thanks to a three-year stint on Wall Street after college, he has maintained relationships with a few New York investors, one of whom signed on as a silent partner when Sears needed help financing the purchase of the boats. Though Sears won't disclose the sticker price, estimates run from $300,000 to $500,000 each.

Initially, he was only able to take out groups of six or less until he got the boats approved for passenger excursions by the U.S. Coast Guard -- something that had never been done on a modern carbon-fiber vessel. But the head usher at Sears' church happened to be a retired Coast Guard captain who used to train inspectors, and he helped get the ball rolling on the inspection process.

"It was expensive and a lot of trips to Washington," Sears says. But as a sailing enthusiast, he admits testing and examining the boats so intricately was an education in the technical aspects of the craft that he had never considered before. "Pursuing this was fascinating," Sears says. "I enjoyed putting all the time and energy into it."

After nearly a year of refinements, the boats were approved to take on more than six passengers at a time, and Next Level was finally poised to make some real money. Sears now takes up to 20 passengers per sail -- and, yes, everyone gets a chance to steer the boat out on the water.

At $99 per person for a two-hour sail (or $1,980 to rent the whole boat for four hours, for up to 20 passengers), it's not exactly a bargain. But Sears says his upscale recreational outfit works because it's unique and makes use of San Diego's recently revamped waterfront, including a string of new hotels, a floating museum, and the San Diego Padres new baseball stadium, Petco Park. His clientele is split between tourists and executives, who often book a sail as a team-building exercise for groups of employees. "It's cheaper than a round of golf," Sears says.

But even in the early days, when he could only take out a handful of passengers, Next Level found itself in the national spotlight, garnering months of free publicity that proved to be a boon. Producers of MTV's long-running reality show, The Real World, approached him about having its San Diego cast work for Next Level during the taping of the show last year.

Friends warned Sears about the show's reputation for housing unmotivated party-animal types, but with his company still in a fledgling stage, he figured the publicity benefits outweighed the risks. "It's a numbers game," says Sears, who was banking on the producers' promise of millions of viewers each week.

The viewers turned out: The Real World: San Diego landed in the Nielsen Top 10 for cable programming each week it was on air, and despite a near-mutiny among the cast, which debated quitting at one point, Next Level was flooded with inquiries. After the first few episodes aired in January, 2004, Sears had requests for reservations from 43 U.S. states and eight foreign countries.

With two 11-story masts, the multimillion-dollar yachts are attention-getters in and of themselves. When the aircraft carrier SS Reagan docked in San Diego this summer, Sears wanted to personally welcome the Navy fleet, so he made a 35x63-foot American flag and hung it between the masts. CNN featured the flag and an interview with Sears in their coverage of the event. "Sometimes just doing a good thing generates publicity," he says.

CBS uses blimp shots of the boats on the way to commercial breaks during broadcasts of San Diego Chargers football games, and the Travel Channel shot an entire segment on the boats as part of the special series, Maria Shriver's California. "She thought the boats would be a great way to show San Diego," says Sears, who says he did nothing to solicit the network's business.

Aside from passenger fees, the boats also generate about $25,000 a month from ads on their massive sails. Sears is working to obtain a liquor license for the boats and has plans to acquire Abracadabra's sister ship.

With little traditional marketing, Next Level's growth has come largely through word-of-mouth, which Sears attributes to the one thing he demands of his 25-member crew -- "make sure every passenger has a good time." For Sears, it has been a high-seas adventure.

Cistercian Monks' Jesus Ink Business

He Made Millions From Spam

44 Unusual Ways To Make Easy Money On The Internet

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Father Bernard McCoy Story

http://lasermonks.com

Like many entrepreneurs, Father Bernard McCoy loves to talk about his industry. But as a Cistercian monk, he has a time frame longer than most.

"Nine hundred years ago my brothers were making ink, making their own paper, and copying manuscripts," says McCoy. "We were the original social entrepreneurs. We were the first multinationals."


McCoy is CEO of LaserMonks.com, an Internet retailer that sells discounted printer cartridges and other office supplies. Customers include individuals and churches, along with giants such as Morgan Stanley (Research) and the U.S. Forest Service. It's a lucrative business. Sales have risen from $2,000 in 2002, the company's first full year of operation, to around $2.5 million in 2005.

LaserMonks.com is a for-profit subsidiary of the Cistercian Abbey of Our Lady of Spring Bank, an eight-monk monastery in the hills of Monroe County, 90 miles northwest of Madison. The Spring Bank brethren wear robes, sing Gregorian chants, and eat their meals in silence.

"We're monks," McCoy says cheerfully. "We do monk things."

Like all Roman Catholic monasteries, the abbey is responsible for its own upkeep, receiving no financial support from the Vatican. Hence LaserMonks.com. Father McCoy estimates that it costs around $150,000 to maintain the abbey and its 500 acres of grounds. The rest of the company's profits help support charities that range from a camp for kids with HIV to a Buddhist orphanage in Tibet.

The idea for LaserMonks.com came to Father McCoy one day when his printer ran out of ink. He shopped around for a new ink cartridge but couldn't find one that was reasonably priced. That's because printer manufacturers make most of their money by imposing stratospheric markups on printing supplies. As a result thousands of small companies were cropping up all over the Internet, selling reconditioned ink and toner cartridges. Despite legal challenges from the established printer manufacturers, the industry is now firmly established.

In the beginning LaserMonks.com consisted of a few monks sitting around with black powder and empty plastic cartridges, filling a few orders a day. Today the monks say they have served more than 50,000 customers, and process 200 to 300 daily orders for a broad range of school and office supplies.

The website also accepts online prayer requests.

And in a fiercely competitive commodity industry, McCoy and his brethren have thrived on the sheer novelty of their story. The company spends relatively little money on advertising, benefiting instead from media coverage and McCoy's frequent speaking engagements around the country.

Father McCoy recently started selling printers, cables, and surge protectors, and plans to offer a full line of office electronics later this year. He expects LaserMonks.com's 2006 sales to exceed $5 million.

Bad Fishing Trip Makes A Florida Man Rich

An Employee Fires His Employer, Starts A Forty Million Dollar Business.

How About A Few Million Dollars For Clubbing In New York?

http://www.heartpine.com

Great business ideas often come from strange places, but no one expects to find one at the bottom of a river. Yet that's what happened to George Goodwin. When he went fishing in shallow Florida riverbeds during the early 1970s, Goodwin often caught more logs than bass. "I used to snag my lures on them," he remembers. Most fishermen would have cursed their luck; Goodwin, now 59, reeled in a multi-million-dollar business instead.



What Goodwin found are known as deadhead logs. In the 1800s loggers felled centuries-old cypress and pine throughout the South for use in construction. They would float the logs downstream to the nearest mill, but often the heaviest logs--those filled with the most resin--sank to the muddy riverbed. At a time when the South was blanketed by tens of millions of acres of untouched forest, it wasn't much of a loss. But today overharvesting has reduced that old-growth forest to just 5,000 to 10,000 acres, most of it protected, and the logs once lost to the rivers have newfound value.

As Goodwin got interested in logs, he discovered that, although the outside decomposes after being underwater for nearly a century, resin keeps the inside perfectly preserved. Prized for flooring and paneling, this interior wood is known as "heart pine" and "heart cypress."

Goodwin spent $105,500--his entire savings--to purchase 20 acres of land in Micanopy, Fla., ten miles south of Gainesville, and move an old sawmill to the property, where he and his wife, Carol, the company's 59-year-old vice president, live and work. They pay divers $2 to $3 per board foot of wood in the logs recovered from Florida riverbeds. Then they clean up the logs and mill them into flooring that sells for $5 to $20 a foot. Carol estimates that the demand for antique wood has risen tenfold in the past decade, thanks to the housing boom and changing tastes. That has sent the company's annual revenue on a steady climb, from $5,000 in 1977 to $3 million in 2004.

By last year their company had 25 employees and enough cash flow to take out a $140,000 loan to build a 15,000-square-foot warehouse for the nearly two million board feet of wood it has in inventory. That saved a lot of aggravation when several hurricanes tore through the area just months after the building had been completed. (The Goodwins were unaffected by Katrina and Wilma.) Had the logs been soaked, the company would have had to spend months drying them out.

Goodwin Heart Pine has supplied flooring for the homes of celebrities such as Paul McCartney, Morgan Freeman, and Ted Turner. The wood is also popular for historical sites, including the Ernest Hemingway Home and Museum in Key West, Fla. Six years ago the termite-infested flooring in the 150-year-old structure needed replacing. "Goodwin flooring was the closest to what Hemingway had originally," says Hemingway Home event director Linda Mendez.

The growing popularity of antique wood, however, has more would-be entrepreneurs flocking to the business, not all with the best intentions. "There's a joke in the South that anyone with a pickup sells a little bit of heart pine," says Carol Goodwin. "But you never know what you're getting." Because there are no up-to-date guidelines on what constitutes heart pine--the most recent standards were published in 1924--unwitting customers may purchase heart pine from younger trees, which is not nearly as dense and durable as what the Goodwins sell.

When a hurricane knocks down any of the remaining old-growth forest--as happened last year--the Goodwins often buy that wood. They also buy and resell antique heart pine salvaged from old barns and buildings. Branching out from flooring, George and a local cabinet-maker have teamed up to craft and sell a line of wood furniture. In July the Goodwins opened a showroom in Palm Coast, Fla., for both their furniture and flooring.

While George Goodwin jokes that "cashing the checks" is one of his favorite parts of the business, he loves the other parts more than he lets on. "If George had $1 million in the bank, he'd just go and buy more wood," says Carol, laughing.

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Kendal Halt Story

http://www.vasco.com/

A recent survey estimated that almost two million Internet users in the U.S. inadvertently gave personal information to cyberscammers last year. Increasingly the weapon of choice is a "phishing" expedition, in which a con artist poses as your bank and asks you to go online and confirm details such as your account number or password. Such attacks cost credit card companies and banks some $1.2 billion in 2004. But a small technology firm came up with a security solution to stop phishing attacks years ago. Only recently, says Kendall Hunt, the founder and CEO of Vasco Security, based in Oakbrook, Ill., has the market come around to the login security pass that Vasco has been selling for nearly a decade.



Launched out of Hunt's basement in 1984, Vasco is now among the hottest firms in the data-security industry offering computer security solutions. Its projected revenues for 2005 will climb 74%, to $52 million, while profits are on track to rise 20%, to $33 million. Vasco's stock, which trades on Nasdaq, has surged nearly 400% over the previous 12 months, to nearly $11.

The anti-phishing technology Vasco developed is called two-way authentication. It uses a small token, called Digipass, that shows a six-digit number that changes every 30 seconds. To log on to a bank's website, a user must enter the number from the token. A server at the bank or credit card company keeps track of which numbers are currently valid for which users. In other words, no Digipass, no access.

To be sure, Digipass hardly boasts cutting-edge technology. Similar security products are sold by larger firms, such as RSA in Bedford, Mass., which has 65% of the market. And as Internet security rivals contend, two-way authentication is "only a small piece of the security pie," says Brad Miller, CEO of Milford, Conn.-based Perimeter, which provides data-security services ranging from firewalls to spam to phishing prevention and content filtering. What sets Digipass apart is its price, about $7 a user on average, compared with $10 or more for rival models. It's a no-frills version, safer than passwords alone and good for tasks such as online banking and e-mail. Whether this technology will finally end phishing attacks is yet to be seen.

During the past decade most of Vasco's clients were overseas. (It does business in about 80 countries.) "A lot of U.S. companies simply weren't that interested in data security," says Hunt, 60. "I guess the market wasn't quite ready." But with phishing and other online fraud on the rise, the market here is more than ready now.

Surfing Industry Faces Technological Dilemma

http://www.surftech.com/

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In a recent issue of Transworld Surf, a trade magazine, Randy French was listed as the third-most-powerful person in the $4.5 billion industry. But if there were a list of the most controversial players in the field, French would probably come in No. 1.



Through his Santa Cruz, Calif., company, Surftech, French is dragging surfboard manufacturing into the age of mass customization. For decades boards have been built by hand, shaped by craftsmen who cut and sanded blocks of polyurethane foam into the desired forms (longer for more stability, shorter for more maneuverability), then coated them with fiberglass and resin. Unfortunately, even the best shapers often couldn't predict how their boards would perform in the water. French, 53, who shaped boards in this way for nearly 35 years, had a rule: "I always got to ride the board first," he says. "One time I rode a board that I liked so much, I gave the friend who'd ordered it his money back. I think he's still mad at me."

French kept the board because he knew how hard it would be to replicate what he had done: create what surfers call a "magic" board. But in surfing, as in so much else, technology is changing everything. Last year French's company produced 50,000 "magic" boards. By using computer-aided-design programs, injection-molded technology, and a factory in Thailand, Surftech takes proven boards from the best shapers in the world and mass-produces them in a stronger, lighter material. Some 47 legendary shapers now sell their best designs through Surftech in exchange for licensing fees of about $35 to $50 for each board. With sales of more than $17 million in 2004, Surftech ranks as the largest manufacturer of surfboards in the world.

The company's modern approach has put it in the cross hairs of opponents. Critics say that by designing a board on a computer and producing it from plastic in an overseas factory, Surftech is destroying the soul of the sport. Purists also say that in the water, Surftech products lack the feel of traditional polyurethane boards; the new ones are stiffer and more buoyant (though they also don't break as often).

Two recent developments should help Surftech's image. Earlier this year six-time world champion Kelly Slater lent his name to a series of Surftech boards. Slater, one of the most famous surfers in the world, has publicly expressed frustration with the fragility of polyurethane boards (he once broke three in a session in Indonesia), though he still rides them in contests. Perhaps more important, a top professional surfer recently used a Surftech board in competition. At the 2004 Quiksilver Pro contest in Australia, former world champion Sunny Garcia became the first pro to win a heat on a Surftech. He didn't win the event, but the surf press and online chat groups took note of his equipment.

French got the idea of mass-producing surfboards in 1985, when he crafted a sailboard for a top-ranked windsurfer. Applying his knowledge of surfboard design, French built a smaller, lighter sailboard. The model performed well on the World Cup Tour and brought French an avalanche of orders. He knew he couldn't fulfill them if he had to produce the boards by hand. Another local business, Santa Cruz Yachts, was using composite plastics to mass-produce fast, ultralight boats (one of which set the speed record for sailing between Los Angeles and Honolulu). French realized he could employ a similar process for sailboards. Within a few years, he had two factories operating at full capacity to produce his sailboard designs. (Windsurfers, less tradition-bound than surfers, didn't gripe about mass-produced boards.)

Despite that success, French yearned to return to making surfboards. He also believed that the technology he had pioneered with sailboards could cross over to surfboard manufacturing. In 1989 he approached Cobra International, a manufacturer of plastic products in Thailand. In 1990, Surftech's first year in business, the company manufactured just 50 surfboards. For 2005 it is on track to make 75,000.

Surftech works with independent shapers, each of whom provides a master board--usually based on a popular existing model. (For more on how the manufacturing process works, see the box above.) The Surftech versions are called Tuflite--the brand name of the plastic from which they're made--but are sold under the name of the designer on whose model they are based. They cost substantially more--a six-foot Town & Country Tuflite model will cost about $600, compared with $500 for the foam version. But surfers are willing to pay a premium for what many consider a more consistent and durable product.

Not everyone agrees. "Board manufacturing has always been a hand-shaped industry," says Matt Biolas, head of surfboard manufacturer Lost and one of French's most vocal critics. "Surftech just softens the aura of what we have as a surfing culture, a sport based on individualism." Another critic is Gordon "Grubby" Clark, owner of Clark Foam, which makes the polyurethane blanks used by most U.S. surfboard shapers. Clark has written about the damage that mass-production can have on domestic surfboard sales, but he declined to comment for this article.

Criticism of Surftech's Thailand factory and allegations in the surfing community that the company was using sweatshop labor reached a peak in 2003. "The surfboard business is like junior high," says French in his Santa Cruz office, where an artist's model is posed behind his desk, making an "up yours" gesture familiar to Italians. "A lot of people don't function using sophisticated, refined business tactics. It's more like 'If you try to get in our business, we're going to kick your ass.'"

In response, French invited surf writers to visit the Cobra facility in Chonburi province, Thailand. A reporter from Surfing magazine wrote that he found a modern factory in an immaculate industrial complex located near companies such as Mitsubishi, Sony, and Toyota. In addition, French boasted that Cobra employees are unionized, earn above-average wages for the region, and receive health care, transportation, and subsidized meals.

At the outset, the shapers working with Surftech--almost all sole proprietors or small businesses--were concerned that their Tuflite models might cannibalize their higher-margin custom business. Their experience has been just the opposite, says Channel Islands Surfboards founder Al Merrick. "I think it has markedly helped sales in our core product," he says. "Tuflite is just 5% of sales, but it puts more product in the water, and more people see the logo. You get a customer that tries the Tuflite, and it's restricted in size by molds, so they may want to move to a custom board."

Another gripe is the difference in feel between the two types of boards. Yet, says French, "naysayers in the 1960s said the same thing when boards changed from balsa to foam." He points to sports such as auto racing and tennis, both of which saw enhanced performance after adopting composite materials.

At a recent trade show in San Diego, the Surftech booth was a hive of activity. The company introduced four new Kelly Slater signature models (different sizes for taller or shorter surfers, and for varying wave conditions) based on masters produced by Al Merrick, Surfing magazine's shaper of the year. There was also Robert August, star of the 1960s movie Endless Summer, who has models in the Surftech line. In the middle of it all, French moved easily among the celebrities of the surf world and the potential customers who asked him about the boards.

When asked what he's proudest of, French doesn't hesitate. "Last year we paid out a million dollars in royalties," he says. "Before Surftech, the pioneers of surfboard shaping had to be chained to their sheds to make any money. And shaping boards is hard work. Now these guys have something of a golden parachute, and surfers get to enjoy the legacy of their perfected shapes." If that makes French the most controversial person in the sport, he can deal with it.

Can Three Students Become Millionaires Teaching SAT?

Make Your Cash Stack

Now Rated No.1 Business Opportunity

Avichal Garg, Karan Goel and Joseph Jewell Story

http://www.prepme.com/

Getting into a top college seems tougher than ever these days, and even the best high school students stress out about the SATs. Joseph Jewell, however, approached the test with a different mindset, treating it as a game. "It was fun to try to beat the SATs. I looked at it as a challenge to accumulate as many points as I could," he says. His strategy worked. He scored a perfect 1600, enrolled at the California Institute of Technology in 2001, and that same year co-wrote a book, Up Your Score: The Underground Guide to the SAT.



Confident that other students could profit from his approach, Jewell--who became a 2005 Rhodes Scholar and is now earning a master's degree in engineering and science at Oxford University--launched an online SAT-preparation service in January called PrepMe. He teamed up with partners Avichal Garg, who recently graduated from Stanford with a BS in computer science, and Karan Goel, an MBA student at the University of Chicago, both of whom he met on the Princeton Review message board.

Unlike Kaplan and the Princeton Review, the giant SAT prep companies that teach a single test-taking methodology, PrepMe offers several ways to tackle the questions. First it gives the student a diagnostic exam to identify her weaknesses, and then it uses relevant, repetitive drills to conquer them. To gain an edge over Kaplan and the Princeton Review, PrepMe provides 20 to 60 hours more preparation material for about the same price. It also offers live essay coaching via e-mail, instant messaging, and phone. "With the exception of expensive private tutors, what's out there has always been a mass-market approach," says Goel, the company's CEO. "We're changing the way test preparation is taught."

Timing seems to favor PrepMe. The number of students taking the SAT has increased by 17% since five years ago, according to the College Board, which administers the exam. Last year students took 1.4 million SAT tests. Another factor: the College Board this year added a new personal essay section to the SAT and included more advanced algebra questions. Many students are frantic to know what they're all about. At the same time, the $6 billion online education market is growing by 25% to 30% annually, and there is room for new players, says Eric Bassett, director of research at Boston-based Eduventures, a research firm. "To establish a small revenue stream in this market is very possible."

PrepMe face tough rivals in the $700 million-plus test-prep market. Kaplan and Princeton Review each control about 25% of the sector. "For a startup to move beyond a few million in annual revenues is going to be quite challenging," says Bassett. And the behemoths in the industry are paying attention to the online market. The Princeton Review recently launched its own handheld gadget, which helps students prepare for the SAT with a 5,000-word vocabulary list.

PrepMe's co-founders say they are confident that both the company's curriculum, based on the test-taking approaches of top scorers, and the use of tutors close in age to their target customers will help them stand out. They spent three years developing their teaching methods, interviewing dozens of recent, high-scoring SAT test takers and having each write two or three practice questions. The firm also plans to compete on price, charging $500 for its course. Rival companies typically charge $1,000 a course, and tutors command fees of $70 an hour and up.

PrepMe's efforts have already begun to pay off. With a 12-person staff, including tutors, the company has so far attracted plenty of clients. In the next few years, PrepMe's founders hope to roll out curricula for additional standardized tests, such as the PSAT. The company is also hard at work on a new technology that will allow its students to prepare for the SAT on the run via cellphones and text messaging.

Co-founder Goel notes that PrepMe's young team has a powerful advantage over its more established competitors: "We don't sleep."

Seven Million Dollar “Boring Business” Secret

How To Turn $5000 to $25 Million

Million Dollar Home Business

Dumping Startbucks Can Be A Good Thing For Your Business

http://www.archivesmanagement.com

While attending business school in New York, A. J. Wasserstein looked at various business opportunities to start his entrepreneurial venture. After graduating from the Stern School of Business at New York University in 1991, A. J. Wasserstein, then 24, returned home in Southbury, Connecticut to raise money and start Archives Management, his newly hatched file-storage company. He was attracted in the records storage business in large part because it is a steady business. "The model is, once you get a customer, you have a customer for life. It's a long-term decision for our clients. We'd like to think we have them forever - if we live up to their expectations."



OK, so keeping files for customers is not glamorous. It does not even sound sexy. But as company president, Wasserstein probably finds nothing dull about earning $7.0 million in annual sales. As he himself admits, “Yes! It is a boring business. We’re a boring simple business that makes a lot of money, which is fine!”

Every business has its own economic characteristics, and his research showed that records management is a solid business model. Consider these: recurring cash flow; long term contracts; high capital barriers to entry so there are few competitors; and high switching costs for customers if they want to move to another company. As Wasserstein contends, “When I wake up on January 1st, I know what my revenues will be for the next 12 months.” While capitalization costs may be high, there is also a built-in growth rate, allowing the company to grow internally at about eight percent a year even without making incremental sales. Boring as the task of keeping other people’s files maybe, you can understand what made Wasserstein fall in love with this industry.

To turn this “boring” business into something exciting, Wasserstein and his management takes a creative approach to customer and employee relations, and makes it fun. According to him, “We have wonderful people programs in place. I think we are cutting-edge technology.”

So why is Archives Management successful?

“I think we’re good sales people. We are successful because of our creative sales people,” he is quick to point out. While other companies cite their advanced technologies and innovative products, Wasserstein credits their ability to differentiate themselves by bringing creativity, energy and ingenuity into the sales process as the main reason for their success.

Another strength of Archives Management is the efficiency in the way it handles and delivers the files and paperwork they store for their clients. The speedy and accurate retrieval of stored records is made possible by the company’s use of cutting-edge technology.

“We’re in a situation where technology and customer service coincide,” he said. “We are great users of technology. We are extremely, extremely computerized.”

Archives Management has made significant investments in the past four years on new technology to improve the business. Employees use sophisticated hand-held scanners, costing about $2,000 each, to keep track of orders on the delivery run. They also have printers costing $1,000 each that can print receipts with activity records for each document, so they know exactly where the paperwork has been.

So what is the secret of his personal success? “None! There is no secret,” Wasserstein chuckles.

To be good in business, however, his first advice is to always start out with a good business. As his own experience shows, a good business is one that has good economic characteristics and fundamentals, and covers a lot of business sense.

Second, an entrepreneur must be energetic, optimistic and full of passion about his or her own business. “Your business will not succeed on 20 or 40 hours a week. It’s got to be your number one priority probably for at least the first 3-5 years. Then maybe after 5 years, it is a real business and will have some energy and progress on its own. But initially you are the driving force behind your business.”

An entrepreneur also needs to be success and development-oriented, possessing sheer energy and persistence to just keep going. Sometimes, business owners need to call a customer 20 to 50 times just to follow-up, and this requires persistence. “I think some people fail to recognize that the persistence factor is what really drives a lot of people to success in all walks of life,” says Wasserstein. Persistence, creativity, ingenuity, coupled with a thick skin to handle all the rejections -- these are the tools of entrepreneurial success.

Mailroom Clerk Becomes Clinton's Favorite Christmas Decorator

http://www.christopherradko.com/

44 Unusual Ways To Make Easy Money On The Internet.

Janet Adams is giddy with excitement. She had trekked all the way from New Hope, Ala., to Bloomingdale's flagship store in Manhattan and made sure she was the first in line to have her newest silver-sleigh ornament signed by its designer, Christopher Radko. "I just can't wait to meet him," Adams says, clutching her shiny bauble -- tag on and still in the box.



She has been collecting the coveted hand-painted glass baubles for more than a decade and this season decided to set up a separate 12-foot Christmas tree just for "my Radkos." And she's far from alone. In his 20 years as an ornament maker, Radko has inspired a loyal following for whom December is the time to showcase.

Radko, 44, has fans around the world, including Oprah Winfrey and Robert DeNiro. Former President Bill Clinton even had him decorate the mantle at the White House. By the late 1990s, the popularity surrounding Radko's ornament empire was so huge that he seemed poised for potential burnout. His delicate glass ornaments and their famous glitter detailing, which send some shoppers into a frenzy, could have easily gone the way of Tickle Me Elmo and other "must-haves" of past seasons.

But it's his knack for personalizing the Radko brand -- with signings and public appearances, high-quality workmanship, and a focus on what he calls the "emotional side" to collecting his creations -- that has allowed this self-made ornament king to turn a holiday trend into a beloved tradition that has lasted nearly 20 years.

He got the idea for his business back in 1984, when he insisted on replacing his family's old rusty Christmas tree stand with a newer aluminum one. The stand gave way, the tree fell over a week before Christmas, and Radko was left with the task of restoring the collection of antique, European glass-blown ornaments. He sketched the shattered ornaments as best he could from memory and ultimately traveled back to Europe to scout for ornament makers who could recreate them. It didn't take long for Radko, then a mailroom clerk, to realize there might be a business idea there, too.

Nineteen years and 10,000 designs later, he's in the midst of a cross-country tour, visiting more than 50 locations across the country, including various Macy's, Bloomingdale's, and Saks Fifth Avenue stores before Christmas, to sign ornaments and meet his legions of fans.

At Bloomingdale's in New York, the soft-spoken holiday guru, clad in a pumpkin-hued sweater and corduroy blazer, was greeted with applause from dozens of people in line and even a plate of cookies from one fan. The collectors, it seems, enjoy the man as much as his ornaments.

Though many devotees have collections numbering in the hundreds, the ornaments aren't cheap -- around $50 for a medium-sized piece. Long Beach (Calif.)-based retail expert Bob Phibbs says specialty markets thrive on the more expensive items. Resisting the urge to discount, even after almost two decades in business, signals to the customer that they're getting "something unique and of good quality," says Phibbs, author of You Can Compete: Double Sales Without Discounting.

Listen to the designer's fans, and and you'll hear the "emotional side" that Radko speaks of. One woman in line at Bloomingdale's found a portly red ornament of a chef in a pearl-white apron for her restaurant-owner son in Portland, Ore., while a New York woman picked out two small snowmen to add to the collection she started for her young twins when they were born.

"Her tree will be like a family diary now," says Radko, who enjoys "recreating [Christmas] in a sparkly way." He currently commissions 3,000 workers in cottage workshops in Poland, Germany, Italy, and the Czech Republic to make the ornaments, along with 108 corporate employees.

"The collectors...they go crazy for this stuff every year," said Chris Wang, a sales associate at Macy's in San Francisco, one of over 2,500 Radko retailers across the globe.

The author of three holiday decorating books, Radko added dozens of new ornaments in this season's collection and rolled out a line of dinnerware and chocolates as well. Revenues reportedly have exceeded the seven-figure mark, a vast improvement from the $75,000 he made back in 1986, with just 65 ornament designs. Demand for earlier models continues to rise year after year. His 1993 "Partridge in a Pear Tree" ornament, originally priced at $38, has sold on the secondary market for as much as $1,000.

Next up, he plans to further address the male market by adding more retailers like Brooks Brothers. But for the most part, Radko will keep with the same formula that has worked for the past 20 Christmases "because tradition is what I depend on." For Radko and his fans, it really is the most wonderful time of the year.

From Trailer With No Running Water To Her Own Business

The Best Home Businesses for the 21st Century

Google Options Make Masseuse A Multimillionaire

Wendy Newmeyer Story

http://mainebalsam.com/

Wendy and her husband Jack moved from East Brunswick, New Jersey to Maine in 1979 with a dream of building their own home and have a simple, natural life. Wendy, then 24, even went back to college to study the newest methods of farming in anticipation of their new life because “that's what we thought we would do when we came up here.” Their hope was simply to lead a self-sufficient life. As she puts it, “we didn't want to become big farmers.” The reality, however, was not easy.



They first ventured into several businesses - from selling Christmas trees, to breeding German shepherds, to growing vegetables and herbs - all with limited success. To save money, they lived in “very primitive conditions” in a run-down old trailer without electricity, telephone or running water. The Newmeyers took showers at a local health club and sometimes took a plunge into Moose Pond Brook, which runs through their land, with a bar of soap.

Out of necessity, Jack began harvesting and selling lumber from their 111 acres of land. Jack bought a used bulldozer and cut spruce and fir for pulp. Wendy, seeing all the waste that was made in the wood-harvesting process, soon realized that she could make use of her expert seamstress skills and extensive education in drying herbs and flowers to produce a second moneymaking item. Their savings, however, were almost depleted that even the $700 needed to buy the shredder (the heart of the operation) was a sacrifice. A $10,000 inheritance from her grandfather who passed away helped the family tide the difficult times.

Wendy started her foray into the balsam business by selling the cut branches of the balsam fir trees for a local incense factory. Quite coincidentally, she had read in a book that Native Americans used balsam trees as herb for many different home remedies. With her long-standing interests in herbs “that got me excited into thinking about it [balsams] in a different way,” said Wendy. She became a supplier to the incense factory, which used her balsam fir boughs to stuff souvenir pillows.

She found other clients who wanted her balsam to make products such as decorative pillows, potpourri and other by-products. One client, a publisher of Herb Quarterly that Wendy subscribes to, was so happy to have found Wendy. This client was buying pillows from the incense factory that Wendy supplies and takes the pillows apart to get the balsam. The publisher, who needed balsam to make pillows, paid Wendy $1.75 a pound, compared to the $0.07 a pound paid by the incense factory.

Wendy then launched into a mailing campaign, sending 300 targeted mails to herb businesses nationwide, asking them to buy balsam from her. The response was impressive: 125 placed orders. For about six months, the balsam fir boughs were her only products.

However, Wendy realized that filling orders for raw balsam wouldn't keep her busy year-round. She then saw the potential of balsam pillows, and began to wonder why no one was making nicer pillows, as the stores that she supplied balsam with only produced plain pillows. She figured that the tourism industry of Maine, with about 10 million visitors annually, could be a big market for souvenir products representative of the state such as balsam pillows. “I just want a tiny piece of that pie,” she said.

“One morning, I woke up with a 'BFO' (blinding flash of the obvious), that it was up to me to make those 'nicer' pillows! Using skills and interests I had developed which until then seemed to have no correlation to each other, I began my company!” She opened Maine Balsam Fir Products in 1983, producing a line of balsam fir pillows with scenes of Maine embroidered on them.

Success for Wendy did not come easily. Nonetheless, she willingly embraced the difficulties and challenges faced of an unknown start-up with hardly any marketing capital. As she looks back, she says, “I was at a place where I can say that I had nothing to lose. I was living very poorly, and my husband was having some problems so he wasn't able to support me.”

She started stitching together on her home sewing machine silk-screened fabric pillows that a graphic artist designed for her. She then filled them with her own fragrant dried balsam.

To sell her balsam, she traveled across the state a couple of days a week with a trunk load of pillows that smelled like Christmas. She took a door-to-door approach, traveling throughout the state asking stores if they were willing to carry her product. According to Wendy, “The early customers did NOT beat a path to my door … I had to go out and find them.” Personally cold-calling the “best” stores in each town, she would show them her pillows, not wanting to give anyone a chance to say no before they could see what she was offering.

It was exhausting work. Nonetheless, the long hours and difficult start did not deter Wendy's spirit. “I wasn't just working eight hours a day: I was working for 18 hours, or even 20 hours a day. I remember in my first year when I was waking up at 4 o'clock in the morning and working until midnight taking breaks only to eat. I was working almost every waking hour in such a variety of tasks.”

After only two months, she knew that she made the right business decision. While her product line is very limited, “I was already supporting my family and was able to keep the business moving forward as well.” Shop owners, who had seen her products in other shops, started calling her to supply them as well. By the third month, Wendy hired her first employees to help her fill the orders. She enlarged her product line, introducing more designs for her stuffed pillows, and started looking for customers outside of Maine. She sold to 169
stores that year.”

Through the years Wendy has experimented with trade shows, catalogue sales, the QVC home shopping network, and many other avenues to showcase her products. She recently set-up a web site, to widen her market reach and take a dip on Internet retailing. Her worldwide outlets now exceed 4,400 stores and her employees have increased to 12. Sales of Maine Balsam Fir Products have reached well over $500,000 per year.

The first years in Maine were very difficult. The isolation of living in a rural area, loneliness and poverty proved to be the biggest hurdles in her life. “But my parents gave me a very good self-image and confidence. And so once I got into this direction, there was no turning back.” She credits her qualities of being a woman as a significant reason for her success. “Women, first of all, are very tireless workers. We're very frugal by nature, and not complaining. “Almost all her early contacts were women, who proved very supportive to her. “It was a good thing, because the male encouragement was lacking. ”Her own husband was critical of her for a long time, expecting her to fail. Instead of wallowing in disappointment from her husband's lack of support, “I became much more determined to succeed.” Today, her husband Jack had built her a huge barn serving as the company's headquarters and acts as her Raw Product Manager.

Her greatest joy from being an entrepreneur, however, comes from being able to help her community. “I feel very good about the support I could give into my community. “She relates the story of one of the ladies who work for her, Denise. Since Wendy also employs Denise's mother, the girl, who was then eight years old, complained that her mother didn't have much time to play with them since the mother worked for Wendy. “I was feeling sorry about it,” said Wendy, until the little girl said, 'But she just bought me new shoes!” The company has since won numerous awards and recognition for their economic impact on the community.

Today, she volunteers to talk in classes for other new small business owners, sharing her experiences and acquired wisdom. “People say I am very inspiring, because I am an experiential type of teacher and has tackled all sorts of problems.” Her main advice to entrepreneurs? “Never give up. Be determined. When a door shuts in your face, look for an open window.' She likewise stresses the need to be flexible: “People who are fixed mentally set themselves up to fail. You have to be flexible. You have to have at least three plans - Plan A, then if something happens, you have Plan B and C.”

Wendy still has a long way to go. She is planning to build a new facility to allow her to increase production. But her goal now is to have more balance between her life and her business. “For a while, I was working too hard and not taking time to smell the roses - or the balsam!”

Spicy Business Idea

Sneaker Art As A Business

The Hanger Millionaire

Single Mom From Pennsylvania Makes A Living Selling Bookmarks Online

44 Unusual Business Ideas

Google Options Make Masseuse A Multimillionare

Uranium Ore For You

Diane Waltman story

http://www.creativebookmarks.com/

My business is designing and laminating bookmarks for wedding favors, business promotions, nonprofit organizations, holidays and other special occasions or projects. I design them on my computer, depending on what the customer wants. Then I print and laminate them.



I came up with the idea of a bookmark business because it was a fun way to express my creativity and would require a low investment. Extensive foot surgery forced me to quit my office job a few years ago, and my doctors told me I would be out of work for more than three years. I knew I had to do something while recuperating, so I decided tolook into an online business. I researched my competition and found only one Website selling handmade bookmarks.

Within a week, in March 1999, I had started a business. After I researched my idea on the Web, I went to a local business supply company and bought most of my supplies -- a laminating machine, sheets of laminate and paper, ink and special software. Then I got going on my Website. I also checked my state regulations to see what forms I needed to file to make my business legal.

I researched Web design and learned how to build my own site, found a Web host and lined up a merchant account so I could accept credit cards. Then I was ready to market my online business -- probably the most important step.

I began by targeting some likely markets. I knew that my bookmarks would make great wedding favors, so I contacted bridal Websites and had a few list my business in exchange for a free ad in my weekly newsletter or a free link on my Website. I also advertised online in the classifieds and in newsletters from other sites and registered with the search engines. Search engine placement is very important. Offline, I designed fliers to post in local bridal shops. Most of my marketing efforts were free.

How Sigmund Freud Helped A Man Sell Couches Worth Thousands Of Dollars

How to Make Millions with Your Ideas: An Entrepreneur's Guide

Coaching Millions: Help More People, Make More Money, Live Your Ultimate Lifestyle

Psychoanalysis, the treatment originated by Sigmund Freud more than a century ago that requires patients to lie on a couch and say whatever comes to mind, has been battered in recent years by everything from antidepressants to skepticism to managed care that doesn't pay for such long-term therapy.

So who in his right mind would want to launch a company that makes psychoanalytic couches?



It takes an entrepreneur who believes that businesses considered antiquated are underserved niches with perhaps more staying power than trendier enterprises. Randall Scott Thomas, a Seattle furniture maker, knows psychoanalysts are a minority among mental health counselors these days. But thousands are either in training or in practice, and many have trouble finding the appropriate couch.

Mr. Thomas, who makes contemporary home and office furniture, has never undergone analysis himself and didn't know what a classic analytic couch looked like until a few years ago. He was approached by Doene Rising, a Seattle analyst who was starting a private practice and couldn't find a couch to her liking at any furniture store. She was familiar with his work and showed him a picture of one that she had found in a magazine -- an armless, backless, chaise-like bench, with a built-in headrest, designed for reclining, not sitting. She told him she wanted something similar. Instead of traditional leather, she wanted cloth upholstery, and chose a deep blue fabric.

"Leather can be cold, and I wanted something inviting, but something classic that said to my patients, 'This isn't for sleeping on, it's for reflecting on,' " Dr. Rising says. She and other analysts believe that when their patients recline and the therapist is sitting out of sight behind them, patients feel freer to explore their fantasies and talk about their deepest, darkest desires and fears. (The technique, of course, has sparked numerous cartoons of analysts asleep in their chairs, while their patients drone on.)

For the 47-year-old Mr. Thomas, the biggest design challenge was refining the angle of the headrest. "You don't need lumbar support when you're lying down, but you do need your shoulders and head supported well," he says. "And you need to be propped up enough that you don't fall asleep or roll over -- or sink into a too-soft cushion."

The completed couch was a hit with Dr. Rising as well as several of her analyst colleagues, who placed orders with Mr. Thomas. Since then, he has designed five styles, ranging in price from $1,550 to $3,080. Most have the same measurement (29 inches wide by 80 inches long) but different upholstery and leg styles.

The recent launch of his Analytic Couch Co. coincides with the biannual meeting of the American Psychoanalytic Association, which starts tomorrow in Seattle. Recognizing a sales and marketing opportunity, Mr. Thomas persuaded the association, which expects about one-third of its 3,300 members to attend, to allow him to exhibit his couches. Until now the association has limited displays at its meetings to books for purchase, "but I thought we should tell our members about more products and services they need, so it seemed like a good idea," says Dean Stein, the group's new executive director.

Mr. Thomas faces some competition. Prestige Furniture & Design Group in New York City's Queens borough, for one, has been making analytic couches for more than 50 years. During the heyday of psychoanalysis in the 1960s and 1970s, when most residents in psychiatry received some analytic training, Prestige sold thousands of couches to medical-supply companies, which in turn sold them to hospitals and psychiatrists. "We had a factory devoted just to this," says 75-year-old Fred Brafman, one of the company's founders.

Prestige still makes six analytic couch models, some of which have been used as props in theater productions and movies. They range in price from $900 to about $6,000, and must be custom ordered. "The demand isn't what it used to be," Mr. Brafman says.

He also has a list of what design features to avoid. Loud or busily designed upholstery, he notes, can distract patients. "One analyst returned a couch once because a patient was seeing faces of animals in the upholstery," Mr. Brafman says. Prestige also no longer makes couches with buttons, "because anxious patients rip them out," he says, or an adjustable headrest model, because the up-and-down lever mechanism broke frequently.

Unlike Analytic Couch, whose designs are more contemporary, Prestige doesn't have a Web site for online orders and it doesn't advertise much. Many analysts say they haven't known where to shop for a couch when furnishing their offices. "We can help analysts find office space and even patients, but it's hard to know where to send them for a couch -- and we get inquiries about this all the time," says Matthew von Umwerth, the librarian at the New York Psychoanalytic Institute who is in training to become an analyst.

Sigmund Freud's famous leather couch, which he draped in colorful Persian carpets, remains the standard bearer -- and it is on display at the Freud Museum in London. He didn't have to shop for it, however, since it was a gift from a patient. His use of it stemmed from his early method of hypnotizing patients. While he thought patients who reclined on a couch would more readily confront their repressed anxieties, he admitted he had a "personal motive....I cannot put up with being stared at by other people for eight hours a day (or more)," he wrote. "Since while I am listening to the patient, I, too, give myself over to...unconscious thoughts, I do not wish my expressions...to influence what the patient tells me."

A couch is just a couch for some analysts, who say they would rather use an ordinary living-room model. When Prudy Gourguechon, a Northfield, Ill., analyst, purchased a custom-designed analytic couch a few years ago, "my patients wouldn't go near it," she says. "It was way too formal, and they missed my ratty old sofa that had a back and made them feel enclosed." She ultimately gave away the classic couch and purchased a standard living-room leather sofa at a department store.

However much they mull what couch to purchase, a bigger decision involves the chair analysts themselves sit in. Anticipating this need, Mr. Thomas has designed a leather armchair that retails for $1,899 and offers, he says, solid back and neck support. "You're sitting all day long, so you better find something very comfortable," says Leon Hoffman, a New York analyst.

How To Make Millions DESTROYING Hollywood Movie Sets

44 Unusual Ways To Make Easy Money On The Internet

Rent-A-Kitchen Business Model Proves To Be Big Success

Myan Spaccarelli Story

http://looneybins.com/

Founded in 1986, Looney Bins, Incorporated is an award-winning, progressive, and rapidly growing construction and demolition (C&D) debris waste hauling and recycling company with locations in both the City of Los Angeles and Los Angeles County Recycling Market Development Zones.



Looney Bins found a market niche by contracting with local Hollywood movie studios to deconstruct movie lots containing wood, cardboard, metal, plastic, and other salvageable items; Looney Bins then sells and/or donates the recovered materials. Some of the uses promoted by Looney Bins have included providing wood to a company that makes reconstituted pallets; reusing Warner Bros. Studios' telephone poles for the Special Olympics; shipping reclaimed nails, screws, and other building materials to hospitals overseas; and helping a Southern California nursery reuse wood scrap for planter boxes.

In 1999, the CIWMB Recycling Market Development Zone (RMDZ) program made its first loan to Looney Bins for the purchase of a wood grinder, ancillary equipment, and working capital. This enabled the company to expand into grinding wood and drywall into mulch.

By 2003 the company had grown considerably and it received another RMDZ loan. Its new site, Downtown Diversion, is capable of processing all types of C&D debris, including asphalt, brick, wood, drywall, cardboard, concrete, carpet, scrap metal, roofing shingles, and other similar materials. Eighty percent of what is brought in will be diverted from landfill disposal. Material diversion is expected to reach 50,000 tons of C&D annually. With the increase in material intake and processing, the company expects to realize some economies of scale.

Looney Bins is committed to helping municipalities and businesses recycle efficiently and economically. "In part because of the RMDZ program, our landfill diversion rates are in excess of 70 percent and sales are higher than ever," says Myan Spaccarelli, Looney Bins founder.

Its commitment to recycling has earned Looney Bins a number of awards including L.A. County's LACoMAX Exchange Award (2002), CIWMB's CalMAX Match of the Year (1998), CIWMB’s WRAP Award (1999–2005), and the City of Los Angeles' Good Earthkeeping Award (2000).

Google Options Make Masseuse a Multimillionaire

The Stealth Forex Trading System Makes Decision Making Simple

Bonnie Brown was fresh from a nasty divorce in 1999, living with her sister and uncertain of her future. On a lark, she answered an ad for an in-house masseuse at Google, then a Silicon Valley start-up with 40 employees. She was offered the part-time job, which started out at $450 a week but included a pile of Google stock options that she figured might never be worth a penny.



Over $462,000 profit from 4 years

$2,442,815 in Domain Name Sales

$4 Million Dollars in only their 2nd Full Year on eBay!

After five years of kneading engineers’ backs, Ms. Brown retired, cashing in most of her stock options, which were worth millions of dollars. To her delight, the shares she held onto have continued to balloon in value.

“I’m happy I saved enough stock for a rainy day, and lately it’s been pouring,” said Ms. Brown, 52, who now lives in a 3,000-square-foot house in Nevada, gets her own massages at least once a week and has a private Pilates instructor. She has traveled the world to oversee a charitable foundation she started with her Google wealth and has written a book, still unpublished, “Giigle: How I Got Lucky Massaging Google.”
When Google’s stock topped $700 a share last week before dropping back to $664 on Friday, outside shareholders were not the only ones smiling. According to documents filed on Wednesday with the Securities and Exchange Commission, Google employees and former employees are holding options they can cash in worth about $2.1 billion. In addition, current employees are sitting on stock and unvested options, or options they cannot immediately cash in, that together have a value of about $4.1 billion.

Although no one keeps an official count of Google millionaires, it is estimated that 1,000 people each have more than $5 million worth of Google shares from stock grants and stock options.

One founder, Larry Page, has stock worth $20 billion. The other, Sergey Brin, has slightly less, $19.6 billion, according to Equilar, an executive compensation research firm in Redwood Shores, Calif. Three Google senior vice presidents — David Drummond, the chief legal officer; Shona Brown, who runs business operations; and Jonathan Rosenberg, who oversees product management — together are holding $160 million worth of Google stock and options.

“This is a very rare phenomenon when one company so quickly becomes worth so much money,” said Peter Hero, senior adviser to the Silicon Valley Community Foundation, which works with individuals and corporations to support charitable organizations in the region. “During the boom times, there were lots of companies whose employees made a lot of money fast, like Yahoo and Netscape. But the scale didn’t approach Google.”
Indeed, Google has seemed to exist in its own microclimate, with its shares climbing even as other technology stocks have been buffeted by investor skittishness. The stock touched an all-time high of $747.24 on Tuesday before falling more than $83 a share during the week to close at $663.97 on Friday. But even after that sell-off, the stock has risen more than 44 percent, or $203 a share, this year.

The days are long gone when people like Ms. Brown were handed thousands of Google options with the exercise price, or the pre-determined price that employees would pay to buy the stock, set in pennies. Nearly half of the 16,000 employees now at Google have been there for a year or less, and their options have an average exercise price of more than $500. But those who started at the company a year ago, or even three months ago, are seeing their options soar in value.

Several Google employees interviewed for this article say they do not watch the dizzying climb of the company’s shares. When it comes to awareness of the stock price, they say, Google is different from other large high-tech companies where they have worked, like Microsoft, where the day’s stock price is a fixture on many people’s computer screens.

At Google, the sensibility is more nuanced, they say. “It isn’t considered ‘Googley’ to check the stock price,” said an engineer, using the Google jargon for what is acceptable in the company’s culture. As a result, there is a bold insistence, at least on the surface, that the stock price does not matter, said the engineer, who did not want to be named because it is considered unseemly to discuss the price.
Others admit that, when gathered around the espresso machine it is hard to avoid the topic of their sudden windfalls.

“It’s very clear that people are taking nicer vacations,” said one Google engineer, who asked not to be identified because it is also not Googley to talk about personal fortunes made at the company. “And one of the guys who works for me but has been there longer showed up at work in a really, really nice new car.”

The rise in Google’s stock is affecting the deepest reaches of the company. The number of options granted to new employees at Google usually depends on the position and the salary level at which the employee is hired, and the value is usually based on the price of the stock at the start of employment.

The average options grant for a new Google employee — or “Noogler” — who started in November 2006 was 685 shares at a price of roughly $475 a share. They also would have received, on average, 230 shares of stock outright that will vest over a number of years.

The Nooglers might not be talking about second homes in Aspen or personal jets, but they are talking about down payments on a first home, new cars and kitchen renovations. Internal online discussion groups about personal finance are closely read.

Google, like many Silicon Valley companies, gives each of its new employees stock options, as well as a smaller number of shares of Google stock, as a recruiting incentive.

The idea of employment at a place with such a high stock price is appealing, but it can also make the company less attractive to a new hire. Jordan Moncharmont, 21, a senior at Stanford University who was given stock options after he started working at Facebook part time, said Google’s high stock price can be a disincentive to a prospective hire as it translates to a high exercise price for options. “You’d have to spend a boatload of cash to exercise your options,” he said.

Mr. Moncharmont said he did not join Facebook to get rich, though he knows his Facebook options could make him wealthy someday.

When Ms. Brown left Google, the stock price had merely doubled from its initial offering price of $85. So Ms. Brown is glad she ignored the advice of her financial advisers and held onto a cache of stock.

As the stock continues to defy gravity, Ms. Brown, whose foundation has its assets in Google stock, can be more generous with her charity. “It seems that every time I give some away, it just keeps filling up again,” she said. “It’s like an overflowing pot.”
The wealth generated by options is giving a lot of people like Ms. Brown the freedom to leave and do whatever they like.

Ron Garret, an engineer who was Google’s 104th employee, worked there for a little more than a year, leaving in 2001. When he eventually sold all his stock, he became a venture capitalist and a philanthropist. He has also become a documentary filmmaker and is currently chronicling homelessness in Santa Monica, Calif.
“The stock price rise doesn’t affect me at all,” he said, “except just gazing at it in wonderment.”

I made exactly $39,657.32 from Adsense

How To Turn $5000 To $25 Million In 5 Years Selling To … Babies

Mint.com Success Story

The Hanger Millionaire

Sneaker Art As A Business

Julie Aigner-Clark Story

http://www.babyeinstein.com/

Most great ideas are born from a need. The Baby Einstein Company LLC based in Littleton, Colorado, came from Julie Aigner-Clark’s need for a learning tool for her infant daughter. In 1995, this former teacher and new mom read the latest research regarding babies’ capacity to learn. Finding nothing in stores that used the research and that was developmentally appropriate, educational and fun, Aigner-Clark (pictured with daughters Sierra, 3, and Aspen, 6) decided to create something herself. Her first video, Baby Einstein, featured intriguing pictures and mothers speaking different languages.

Says Aigner-Clark, “I wanted something that was not only entertaining but stimulating and engaging that would give [my daughter] exposure to things that were lovely.”

As a mom, she knew her product was good, but “nobody was returning my calls,” she says. “I knew if I could get it into the hands of a mom or an executive who had a baby, [that] would sell it.”

Two years later, with no responses to her many queries, Aigner-Clark finally hit pay dirt: She went to the American International Toy Fair in New York City determined to get her product into the hands of a buyer from The Right Start, a high-end baby retailer. She searched the huge show for two days without luck. When she finally found the buyers, she says, “I ran up to them [and said,] ‘You’re going to love this video! You have to watch it! It’s perfect for your store!’ ” Aigner-Clark’s instincts were right on: Baby Einstein soon became the store’s fastest-moving product. Here initial investment - $5000

She’s followed up with more books and videos—Baby Bach, Baby Mozart, Baby Shakespeare and Baby Van Gogh. She’s also developed Baby Santa’s Music Box.

Still, even with 1999 sales of more than $4 million, $10 million in 2000 and $25 million in 2001, Aigner-Clark’s best rewards are being able to organize her schedule around her daughters and reading the stirring letters she gets from Baby Einstein viewers. How does she define success? “That I’ve made these kids—who are so special—happy . . . that I’ve made them smile.”

Using the philosophy that the infant brain thrives in a child who is positively stimulated emotionally, physically and intellectually, Aigner-Clark incorporated puppetry with sounds, foreign languages, poetry and classical music. Baby Einstein's productions emphasize "real-world" images over computer graphics or animation to more accurately reflect the world that babies see.

Despite Baby Einstein's phenomenal reception, the company has never employed more than seven people. Clark (Julie’s husband) also notes Baby Einstein never took out a loan or equity capital. In fact, Baby Einstein operated from Aigner-Clark's home until 2001.

The secret to Baby Einstein's success, Clark said, has been "a good concept and a brilliant branding strategy."

"[Julie] did a marvelous job of catching a trend and building it," Clark said.
That’s when the business got Disney’s attention. In 2002 the couple sold the company for an estimated $25 million dollars.

With Disney, the characters that Aigner-Clark created would not only get a wider audience, but better production values.

As for Julie Aigner-Clark, she’s looking for another big idea.

Hidden Link Between US Comedian Chris Rock And Iran Exposed

Jamie Masada Story

http://www.laughfactory.com/

In 1977, at just 14 years old, Jamie Masada found himself alone in Hollywood. A native of Iran, he didn't know anybody and spoke only Farsi. The American producer who had promised to look after him and give him a shot at success had abandoned him. With the $850 his parents had given him long gone, Masada was taken in by a compassionate apartment manager who let him sleep on a couch.

And so began Masada's journey to becoming one of America's top comedy impresarios. Supporting himself through a series of odd jobs at comedy shops on the Sunset Strip, Masada was befriended by a group of local comics. It was here that he learned the rhythm of a good joke and honed his instincts for spotting talent.

Though he enjoyed comedy once he found it, making it a career path was all but accidental. "If I'd have become a dishwasher then," he says, "I would have gone on to be the best dishwasher."

Today, Masada's flagship Laugh Factory on Sunset Boulevard in Hollywood is not only successful -- with packed houses for the past 25 years -- but also one of the most influential proving grounds for comedic talent in the nation. Jamie Masada's Laugh Factory changed the industry and gave rise to the likes of Chris Rock.

In building his kingdom of comedy, Masada has groomed and showcased some of the biggest names in the industry. In the process, he has helped change the economics of the business by paying all comics for their work, helping to promote diversity within their ranks, and finding new revenue channels through crossover promotion.

"Jamie has really grown his club in a really hard business," says comedian Bob Saget, former star of the sitcom Full House, who has known Masada for 25 years. "Not only does he have a good gauge for talent, but he's a guy who's always helping people." Saget says the fact that even the biggest-name comics return on their own -- Chris Rock performed just a few days after hosting the Oscars -- is a testament to the club's proprietor.

"When I perform at the Laugh Factory, it feels like a home for me," he adds. "He always treats me really well, and it is one of the best spaces for doing stand-up. It's like a tiny music hall."

With that success has come inevitable expansion. Just last year, Masada opened his newest venue, a $4.5 million multilevel complex in New York's Times Square, and a third club, in Long Beach, Calif., is on its way in June. Like many successful entrepreneurs who have become industry standard-bearers, he faces a challenge: building upon his self-made reputation without diluting a brand that is now considered among the best.


In 1979, when he was barely 20, Masada used a $10,000 loan from a producer friend to open his now-flagship club. Almost from the start, Masada distinguished himself on a number of fronts. For one, there was the pay. At the time, most up-and-coming performers worked simply for the exposure. But Masada always split the door receipts, even when there wasn't much to split.

Following his opening night, Masada says he gave headliner Richard Pryor his cut: $2.50. "He then pulled out a $100 bill from his pocket and gave it to me," Masada recalls. "He said, 'Your heart is bigger than your wallet.'"

Masada also opened his stage to overlooked voices. During the early 1980s, the dominant clubs in Los Angeles were the Comedy Store and the Improv. And most of the marquee names were white males. Masada nurtured talent among African-American ("We had a Black Pack," he says), Latino, and female comics, as a way to differentiate his club from the other venues as well as to expand both the talent pool and audience.

From day one, his business philosophy remained simple. "I wanted to make people laugh," he says. "I believe if you enjoy what you're doing, the money will follow."

Masada does little advertising, instead relying on word-of-mouth and a spectrum of crossover partnerships, including the Laugh Factory Minute, a daily radio spot that airs routines from the club's shows to 240 markets and 19 million people through Premier Radio Networks. And recently he joined with Nick at Night, using his New York club as backdrop for the network's Funniest Mom Contest.

While Masada says his West Coast club has been profitable for years, with the new Times Square venue, he has had to raise awareness for an audience not nearly as familiar with the Laugh Factory name. Masada's foray into the Big Apple came in large part as a result of an invitation from former Mayor Rudolph Giuliani, who was encouraging new businesses in the wake of the 9/11 terrorist attacks. "I thought, 'Yes, New York needs some laughs,'" Masada says.

Despite the recent expansion, Masada isn't interested in a rapid rollout of Laugh Factories, which he believes could weaken his brand. "I get so many offers," he says. "Jamie Foxx and Chris Tucker have asked me to partner. But I am very particular. I want to make sure to go to places where I will be successful. I don't want franchises like McDonald's."

In addition to operating his clubs, Masada manages a roster of comics. Past clients have included Rodney Dangerfield and the Wayans brothers. He also serves as a TV consultant and has produced comedy specials like Fox's Comic Strip Live. These moves help create a pipeline between comics and opportunities, and further enhance the Laugh Factory's standing as a talent hothouse.

A business based on laughs means you have to keep them coming. Although a number of big names spent their fledgling years on his stages, Masada continues to nurture newcomers. Every Tuesday he holds an open-mike night, drawing comic hopefuls from around the world. And afterward, Masada offers individual feedback and advice.

In the business for nearly 30 years, Masada has developed an instinctual grasp of what is funny -- and, more important, what the audience will find funny. If a routine is smart and makes him laugh, he's willing to take a chance. "Sometimes you're going to lose," he says. "It's the audience who decides if they're stars. I give them a spot. I can't take credit for their talent."

After his own hardscrabble start, Masada maintains a soft spot for those in need -- and uses comedy to help. Every year, he provides Thanksgiving and holiday dinners for struggling actors and comics. And since 1984, he has run the Laugh Factory Comedy Camp, giving disadvantaged children in Los Angeles the opportunity to spend 16 Saturdays working on their own routines with mentors like Ellen DeGeneres. This summer, he'll launch the camp in New York.

Masada has watched the industry evolve over the years, but perhaps the biggest change has been his what his club's audience expects. "When I started, they would come for the big name on stage," he says. "Now it doesn't matter. They come because they know they're going to see a good show."



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How Knitted Thongs Helped A Couple To Launch Fashion Business

Vicky Prazdnik and Lori Mozzone Story

http://www.curliegirl.com

With so much competition nowadays, a small business needs to create buzz and excitement to survive. That’s exactly what Vicky Prazdnik and Lori Mozzone did in their startup fashion business Curliegirl

The duo designs and creates crocheted and knitted hats, bags and scarves, but it was their sexy crocheted cotton thong underwear products that got them lots of attention at the start! As Mozzone says, “The thong has gotten us a lot of attention in the past. In fact, we tried removing them from our website a few times to make room for new items, and without fail someone emails us asking, "what happened to them?" This has earned them a permanent spot on the site!”

Prazdnik and Mozzone, avid knitting and crocheting hobbyists, knew that they needed to create something beyond the standard fare of knitted hats and scarves for them to succeed as a fashion company. They stumbled on the idea of dainty crocheted thong underwear, and went on to create the design and develop the right prototype. Once convinced that they have the right design, they tested the market’s reaction by showing the crocheted thongs in a Valentine’s theme party in New York. Their product got a wild response!

Prazdnik and Mozzone work together in a New York company as web designers, and became fast friends. Mozzone took up knitting as a hobby and shared her newfound interest with Prazdnik, who in turned shared her skill in crocheting. As Mozzone describes their start, “Both Vicky and I are very creative people who went to art school. When you are an artistic person by nature, you need an outlet for it... So, Curliegirl was born out of a hobby of knitting and crocheting.”

They became passionate with their hobby that they soon started an informal group of women who enjoyed knitting and crocheting as well. The two then created the usual knitted and crochet products – hats and scarves – that got complements from their colleagues and immediate circle. “We used to do an informal knit/crochet group with our friends, but got bored with what we were making,” says Mozzone. “That is when Vicky started experimenting with making the cotton lingerie, which eventually turned out to be our signature product!”

The duo formally launched their company Curliegirl in 2003. Mozzone explains the name, “Curliegirl was a personal URL of mine (for my curly hair), and we started using it as a temporary website. People thought it was cute, and so it stuck.”

Slow but sure, Curliegirl has attracted a growing clientele. They have also expanded their product lines - offering hats, scarves, handbags and other small accessories in addition to the thongs. They also have some salespeople who help distribute their products to other areas of the country. Right now Curliegirl is sold in boutiques around the USA.

“Our fashion philosophy,” according to Mozzone, “is we make what we could see ourselves wearing. We also like our products to be practical and cute. We want our creations to be different and to make the woman who wears them feel good.”

At the start, Curliegirl was a two-women show, and Mozzone and Prazdnik used to do everything themselves -- from crocheting every single product to shipping the orders. Now that the business has started to gain momentum, things have improved somewhat to allow them to focus on other important aspects of the business.

Mozzone explains, “When the business first began we were a one-stop shop with us doing it all, and in some ways we still are. We started outsourcing to get our items made which has freed us up to do more marketing, sales, and everything else to make the business work. Finding a manufacturer was very difficult for many reasons – quality control concerns, distance, cost and minimums. We wanted to find someone who communicated well, had a fair price, and a reasonable minimum.”

Even with limited manpower, these two business savvy women have an arsenal up their sleeve: they understand the power of media in influencing the fashion business. In fact, Curliegirl has received a fair amount of media exposure and mentions, including interviews in publications such as Redbook Magazine, and product inclusion in fashion spreads of YM and Jane magazines.

As Mozzone says of their strategy, “In fashion, getting endorsed by the media is very important. For a small company like us, paid advertising doesn't do much.. But when a magazine editor chooses your item to feature in a photospread, or wants an interview to tell the Curliegirl story, that is far more meaningful to consumers and they react really well to it, both in feedback and in sales.”

While Curliegirl continues to make inroads in the fashion business, the two women are still taking their entrepreneurial journey slow. In fact, they are only doing the business on a part-time basis, with the two continuing to work full-time on their day jobs!

According to Mozzone, “It is extremely difficult at times to balance a day job, Curliegirl and our personal lives. Forget about "free time!" There's a lot going on right now for both of us, so we just do the best we can. We are lucky to have a wonderful, supportive husband and boyfriend who help us out whenever they can. If Curliegirl were to one day become financially lucrative enough we would consider quitting our jobs. But as I said we take it one day at a time. It doesn't seem necessary to put that kind of pressure on ourselves at this point.”

Two years into the business, however, their partnership remains strong. Mozzone says, “We both handle the majority of things, but balance each other out in areas where one of us is stronger, the other is weaker, and vice versa. We easily pick up where the other left off.”

Nonetheless, Prazdnik and Mozzone have lots of plans for Curliegirl. “We are considering expanding our consumer base and experimenting with baby wear, but that is something for the future. We'll see what happens, we take it one day at a time,” says Mozzone.

Their advice to aspiring fashion designers and entrepreneurs: Be persistent, and don't wait for opportunities to come and find you... YOU have to go and find THEM!”



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