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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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Published on November 11, 2020

10 Best Ways to Save Money Faster and Smarter

10 Best Ways to Save Money Faster and Smarter

People love to talk about budgeting, reducing spending. and investing. But unfortunately, talk is cheap, and poor money management is expensive. It’s easy to talk about the best way to save money, but putting it into practice is a different thing.

What people need to talk about is the practical and efficient ways you can quickly save money to accomplish your goals. After all, they don’t teach this stuff in school.

Here are the 10 best ways to save money faster and smarter.

1. Cancel All Your Subscriptions

Yes, all of them.

Okay, you can keep your wifi and trash. But other than that, cancel all your monthly subscriptions for one month. You will survive, I promise. Better yet, you will realize you won’t miss all of them.

Now that you have had 30 days to examine what you really missed and what you never thought twice about, you can add some of them back in. The others? you never have to think about them again.

This is something you can and should do with every part of your life. If it’s clutter, cancel it. Being able to step back and see what is cluttering your life and what is excelling your forward helps improve your quality of life and financial standing.

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2. Automate Savings From Your Paycheck

Many of us are so excited about getting a new job that we rush through the paperwork during the hiring process. Good news for you, I have had lots of jobs so I have seen it a million times.

There is an option for a portion of your paycheck to go directly into a secondary savings account. This is by far the most effective way to save money every month. We tend to spend most of what we have. So, if we take it off the top first, then it’s less likely to be spent. Just head over to HR and ask. It will only take two minutes.

3. Cancel the Happy Hours for the Rest of the Pandemic

We are in the middle of a global pandemic, which means that there is no better time to buy some drinks from the local store and stop shelling out $5 a drink at the local cocktail bar. When we look back at our bank statements, we are always shocked that fast food and alcohol can add up so quickly. You can easily save a couple of hundred dollars just by taking this step.

A great exercise is to print out your last bank statement and highlight all the areas of alcohol and fast food. The amount may surprise you and make you think twice about that old fashion.

4. Online Grocery Shopping

Some people think online shopping increases the amount they spend. For the most part, I would agree—except for this category.

Online grocery shopping is now a no-brainer, though. Whenever you walk through a grocery store, two things always happen: you always grab impulse items, and you never know the total of your cart until you checkout. This means that we always spend more than we originally planned.

With online shopping, you can see your total as you add items to your cart. You are way less inclined to make those impulse purchases and because of that, I would venture to say that you could even pay to have them delivered to your door and still save money each month by choosing online grocery shopping.

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5. Get a Famzoo Debit Card

This is something my wife and I swear by, and it’s great for the entire family! Famzoo strictly exists to help families and kids budget their money better. Each month, my wife and I have an allotted amount loaded onto our pre-paid Famzoo debit card. This amount has changed every year depending on promotions, kids, stage of life, etc.

The important part is that when you give yourself the freedom to spend a certain amount, you are more likely to only spend the allotted amount. Think of it as a diet. If you are counting calories, you are more likely to stick close to the amount you set. You can also look for some tips online to better stick to your family budget.

6. Purge

This is actually my favorite to do, and it is actually one of the best ways to save money. Raise your hand if you have ever moved. Okay, so everyone.

When we move, we are always amazed at how much junk we have acquired. I have found that about every 6 months, I can find a couple of boxes to sell online of things that we never use. This not only gives you so extra quick cash, but it also keeps your house more tidy and organized.

Now, go clean out that garage!

7. Amazon Subscribe and Save

32! That is how many items I have setup on amazon subscribe and save. Let me explain.

This sounds expensive, I know. But it actually saves us hundreds of dollars per year! We all need toothpaste, shampoo, razors, laundry detergent, toilet paper right? This feature is truly a triple threat. When you have more than 5 items on subscribe and save, you automatically unlock the max savings for every product on your list. This can be up to 20% per item!

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Now, even better is that it ships straight to your door on the exact day you want the item, maybe monthly or maybe you only need it every 4 months. This way, you never have too much or never run out. Either way, it’s totally customizable.

Lastly, there is no contract for any items, which means you can switch brands or items at any given time at no cost. My advice: every single staple item should be on your subscribe and save.

8. Rewards

This may ruffle some feathers, but if you are using your debit card for purchases, you are missing out on free money! We have this notion that credit cards are evil but in reality, they are the same piece of plastic as your debit card.

How you use it can be bad, don’t get me wrong. But if you want my opinion though, ditch the debit card and get a rewards credit card. Use it just like you would your debit card and make sure to pay it off as soon as the statement comes in!

Just to give you an idea of how powerful this can be in terms of money, here are some things that our miles have paid for:

  • 4 nights in Vail with Flight
  • Rental car in Vail (convertible might I add)
  • Flight to Ireland
  • Flight to Hawaii
  • Multiple staycations at very nice Hotels

That’s roughly about 7 thousand dollars in travel expenses so far! Remember that the credit card is just a tool and can be one that benefits you if you use it wisely. Ironically, this can be an effective way to save money.

Pro tip: If you don’t trust yourself carrying around a credit card, then set up all your monthly bills with your credit and leave it in a drawer at home. This way, you rack up miles but don’t get tempted to overspend.

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9. Vacation With Friends

Now, I know travel is hard right now but what a perfect time to go grab an Airbnb in the woods with a couple of friends and detox from the world right now!

Vacationing alone can be pricey and get rather boring quickly, but if you split lodging and set out for a road trip, it can become affordable quickly! For a couple of hundred bucks apiece, you can have one of the most relaxing vacations ever. Don’t forget to pick up your food at the local grocery store to avoid eating out every meal!

10. Make a Budget

When is the last time you updated your budget or made one for that matter? Making a budget is like writing down your goals. If you don’t make a budget, then you will struggle to save.

How can you know if you are spending wisely if you are not tracking everything?

Our advice would be to get a finance app like Mint, Every dollar, or personal capital. All these apps are free and do a tremendous job of tracking spending and budgeting. I still am old-school and have an excel spreadsheet which I do highly recommend.

Work Smarter, Not Harder

The entire goal is to boost your bank account while reducing the effort required. Efficiency is the name of the game, and automation is the key player. Luckily, we live in a world that has more perks than we can ever take advantage of. But if I were to choose a few, it would be the ones above.

Taking on all 10 of these steps may seem a little daunting. You can first try to pick three of your favorite and start there. Saving money doesn’t have to be a chore as long. As we use the tools correctly, it can be quite effortless. And now, you have a great blueprint to get started!

More Tips on Saving Money

Featured photo credit: Sharon McCutcheon via unsplash.com

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