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5 More Successful Businesses That Started With a Simple Idea

5 More Successful Businesses That Started With a Simple Idea

Starting a business may appear daunting, but it’s really not difficult. Many people believe that most new businesses fail within three years. While most will fail, the truth is that you can start one with a simple idea.

There are a lot of success stories out there from entrepreneurs who have made it. It all begins with an idea, some paperwork, and a storefront and/or website. Here are five more successful businesses that started with a simple idea:

1. Mente Cacao

Eduardo Villers became interested in chocolate during his travels throughout Mexico. Eduardo enjoyed traveling through the jungles, where he came in contact with the cacao tree. Inspired by his deep love for cacao, Eduardo decided to introduce it to the Mexican people, who only knew about Hershey’s chocolate.

He started Mente Cacao in Mexico City by offering cacao drinks to the local people. During his time there, he also studied with his uncle, who was a farmer and taught him a lot about cacao and chocolate. He remained in Mexico City for two years before moving his business to San Miguel De Allende in central Mexico.

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Mente Cacao now has two locations in San Miguel De Allende. Most expats and locals say that it is the best chocolate in town. Eduardo Villers is currently working on getting Mente Cacao distributed in the United States and Japan.

2. BloomNation

Gregg Weisstein started out working as a business consultant, primarily helping rescue companies that were on the verge of bankruptcy.  His friend and eventual co-founder came up with an idea to offer a floral marketplace based on the Amazon model. They didn’t want to become another 1-800-FLOWERS service.

They were advised by many people to drop the idea because many of them could not foresee the potential in a dying flower industry. However, Gregg and the team were not dismayed by the ridicule.  They wanted to offer a service that was more personalized, interactive, and transparent. With BloomNation, they connect people with local florists and show their reviews to customers so that they can make an informed decision.

BloomNation now works with over 3,000 florists nationwide and has been named the “Top Silicon Beach Startup to Watch” by Entrepreneur magazine and Business Insider.

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3. Billy

Toke Kruse had a problem common among millions of new business owners. As an entrepreneur, he always thought that accounting was a hassle. He went from one accounting application to another with no success. While some of them were better than others, they ultimately still gave him headaches. It didn’t take him long to realize that these software programs were built for accountants.

Toke wanted to create a solution for the business owner who knew little or no accounting at all. Most people could simply hire an accountant for their needs, but most accountants are expensive, especially for new business owners who don’t have a lot of money to begin with.

Toke decided to create an accounting application that was very simple for business owners with little or no accounting experience. Toke and his partner launched Billy four years ago in Denmark. The software application was well-received not only in Denmark, but also in the United States. The company now grosses over $1 million in revenue annually.

4. Professor Egghead

Shaun Tuch decided to start an after-school program with his brother eight years ago. They began with one sports class in Los Angeles. They both had a sports background, so the idea was a no-brainer. The initial plan for them was to make some extra income. However, after receiving some great feedback and seeing the popularity of the program, Professor Egghead started to offer science classes too.

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Shaun hated science when he was a kid. So, he wanted to make a science class that was fun for kids. Because he enjoyed making slime and building LEGOS, he wanted to incorporate those activities into his classes while also giving children an educational and engaging experience.

They now run multiple programs in 50+ locations throughout Los Angeles. Recently, they franchised the concept and are now offering Professor Egghead as a franchise in the United States.

5. Toronto Vaporizer

Nima Noori was just an international student struggling to pay his tuition. He soon realized that a minimum wage job was not going to be enough and needed to do something else. He thought about selling electronic accessories and computer parts on Kijiji (an online service similar to Craigslist). However, after researching the market, he realized that it wouldn’t be worthwhile.

Nevertheless, he became aware that there was some online interest in vaporizers, a device used for smoking. As a result, he put some test ads on Kijiji to test the market. After getting dozens of inquiries from interested customers, he saw that he could fill a need in the marketplace. He used his personal credit card to buy some units and started selling vaporizers on Kijiji.

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Nima was motivated and wanted to beat his competition. So, he offered same day drop-offs within the Toronto metropolitan area. The success of Toronto Vaporizer exploded as a result of his same day service. Toronto Vaporizer is now a multi-million dollar business and Canada’s largest online retailer of vaporizers and vaporizer accessories.

*This article is the sequel to the initial LifeHack article: 5 Successful Businesses That Started With a Simple Idea.

Featured photo credit: Sebastiaan ter Burg via imcreator.com

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Kallen Diggs

Bestselling Author / Magazine Editor / Syndicated Radio Show Host

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Last Updated on March 4, 2019

How to Use Credit Cards While Staying Out of Debt

How to Use Credit Cards While Staying Out of Debt

Many people will suggest that the best thing to do with your credit cards during these tough economic times is to cut them up with a pair of scissors. Indeed, if you are already in huge debt, you probably should stop using them and begin a payback strategy immediately. However, if you are not currently in trouble with your credit cards, there are wise ways to use them.

I happen to really love my credit cards so I will share with you my approach to how I use mine without getting into deep financial trouble.

Ever since about 1983 when I got my first Visa card, I continue to charge as many of my purchases as possible on credit. Everything from gas, groceries and monthly payments for services like my cable and home security monitoring are charged on credit. Despite my heavy usage, I have maintained the joy of never paying any interest fees at all on any of my credit cards.

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Here are some tips on how best to use your credit cards without falling into the trap of paying those nasty double-digit interest fees.

Do Not Treat Credit Cards as Your Funding Sources

Too many people treat their credit cards as funding sources for major purchases. Do not do this if you want to stay out of trouble. I use my credit cards as convenient financial instruments so I do not have to carry around much cash. In fact, I hate carrying cash, especially coins. When you buy things on credit, the purchases are clean and you will not get annoying coins back as change.

I do not rely on my Visa, MasterCard or American Express to fund any of my purchases, large or small. This brings me to my golden rule when it comes to whether I will pull out any of my credit cards either at a retail or online store.

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I never purchase anything with my credit cards if I do not have the actual cash on hand in my bank account.

If I really cannot pay for the item or service with cash that I already have at the bank, then I simply will not make the purchase. Remember, my credit cards are not used as funding sources. They are just convenient alternatives to actual cash in my pocket.

Make Sure to Always Pay Off Balances in Full Each Month

The next very important part of my overall strategy is to make absolutely sure that I pay the balances in full each and every month no matter how large they are. This should never be a problem if the cash has been budgeted for my purchases and secured in the bank. I have always paid my full balances each month ever since my very first credit card and this is why I never pay interest charges.

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Using Credit Cards with Rewards

Most of my credit cards are of the “no annual fees” type, including one MasterCard on a separate account I keep at home as a spare in case I lose my wallet or incur any fraudulent charges. However, I do use a main Visa card which does have an annual fee because all purchases on that card reward me with airline frequent flyer points. For me, the annual fee is worth it since I do travel and I get enough points to redeem many free flights.

You have to decide for yourself if you will charge enough purchases on credit each year without paying interest charges to warrant a credit card that rewards you with airline points (or other rewards). In my case, the answer is “yes” but that might not be the case for you.

I occasionally use a MasterCard or American Express card on small purchases just to keep those accounts active. Also, I have been to the odd retailer that accepted only a certain type of credit card, so I find that having one from each major company is quite handy. Aside from my main Visa card which earns the airline points, the rest of my cards are of the “no annual fees” variety.

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So this is how I use my credit cards without getting into any financial trouble with them. This strategy is recommended only if you are not in debt, of course. In fact, it is worth keeping in mind once you’re out of debt so that you can keep your credit cards active and treat them responsibly.

What are your credit card usage strategies? Let me know in the comments — I’d love to hear what methods you use.

Featured photo credit: Artem Bali via unsplash.com

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