Get Business Plans on your personalized My Yahoo! page:
Want to ask a question?
Visit Yahoo! Answers
Small Business Newsletter
Sign up for our free email newsletter
Turning Function Into Fashion
They're unfashionable, plain and boring. But for most business people, they're an office necessity.
Whether you've been forced to wear one while attending a conference or tradeshow, or you need one simply to enter your office building, chances are you've worn a lanyard sporting your credentials. Thanks to the prevalence and tackiness of rope lanyards, two sister-in-laws decided to create more stylish, colorful necklaces they named BooJee Beads, after the nickname of one of their children.
But it wasn't always easy for the sister-in-law team. In fact Martinez says it wasn't until 2006 that the company gained its confidence. Martinez and Harrington joined the 2006 Make Mine a Million $ Business contest, sponsored by Count Me In for Women's Economic Independence and OPEN from American Express. Bonitas International was selected a winner. As a result, the company received publicity, coaching, a line of credit, a business loan and access to a network of like-minded business owners.
"The truth is, your family and friends are pretty much obligated to tell you they believe you will succeed," Martinez says. "To add American Express to our list of believers was just amazing."
Based in Cleveland, Bonitas International reported sales of $2 million in 2007. Martinez says the company expects sales to double in 2008. "Our mission is to be the largest provider of innovative identification and related products in North America and Western Europe," Martinez says.
Both women attribute product innovation for their continued success. According to Martinez, more products are on the way, including one that helps kids quickly reconnect when they've lost their parents.
In addition to their creative ideas, Bonitas International also credits their virtual office for assembling the best behind-the-scenes team possible. The company runs out of seven cities across the U.S., in addition to a design studio and a warehouse.
"It has enabled us to recruit and retain best-in-class talent since we didn't have to compromise for the best available person in our market," Martinez says. "It has also allowed our team to more effectively manage their professional and personal lives."
Becoming successful entrepreneurs has certainly had its perks, including traveling to New York to attend the Carolina Herrera fashion show during New York Fashion Week and meeting Vogue Editor-at-Large André Leon Talley. But Harrington and Martinez say the most inspiring part of their experience as entrepreneurs so far has been their projects in South Africa and Haiti.
"We have a new product line for our eyeglass jewelry called A Mother's Promise that is currently made by our beading artists in Guatemala," Martinez explains. "The women are guaranteed fair trade wages, and the proceeds from the work project are reinvested in the community as scholarships for their children."
|
Additional Articles from
Entrepreneur.com
Unstoppable Moms - What would you do if years into your business, you found out you needed to change your business name ... How to Search for Existing Patents - The web has revolutionized nearly every aspect of human endeavor. The cliché ... Avoid These 7 Partnership Killers - From powerhouse financiers like Kohlberg Kravis Roberts to retailers like ... |
Related Articles in "Business Plans"
A Time to Innovate - Hundreds of women business leaders gathered in Boston to talk shop and learn from one another at the ... Innovation Takes Teamwork - The Democratic National Convention in Denver has wrapped up its four-day run. As delegates and ... It's Time to Rethink the Business Plan Outline - Last week I answered an e-mail from a woman who wanted to know what to ... |



Email
Printer Friendly View