How An Accidental Entrepreneur Sold His Business For Seven Figures

Physical therapist Steve Sudell, 37, became an accidental inventor when he found himself hunting for an effective at-home surgical neck traction device for patients at his physical therapy practice in Venice, Ca. He lived with neck pain from his college football career and knew how much it could affect patients’ quality of life.

One day, after he emerged from a workout with neck pain, he decided to address the gap in the marketplace himself. He set to work building a rough prototype of his own traction device from materials he had at hand. He created a sling-like device that hangs from a doorknob or railing and found that even in its rudimentary form, it gave him relief in 10 minutes.

That was in early 2016. Working on the idea with an industrial designer for a year a half, Sudell brought his product, the, to market in October 2017 while still running his physical therapy practice. He built the Neck Hammock business to $5-7 million in annual revenue and from a one-person operation with two contractors to a ten-employee business.

In January 2021, Sudell found that his hard work paid off. He was able to sell the business to private buyers for a seven-figure amount, amidst investors’ ongoing frenzy to buy online businesses. “I knew there were a lot of buyers in the market for e-commerce businesses,” he says. “I had eight offers the first day.”While selling the business was easy, building it while running a busy physical therapy practice took real determinatoin.

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Bowser_51 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

Couple of months ago I came across a comment about Mr Sean Daniel. How he helps investors earn lots of money on their investments in liquidable assets and I decided to give a trial with the little I had. Today that decision has changed my lifestyle completely in such a short time

horrible

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

How This Unsung Black Entrepreneur Changed The Food Industry Forever—And Made A Lot Of DoughJoseph Lee was one of Boston’s most successful hospitality entrepreneurs when he invented machines that transformed industrial bread-making for the next century. That's the play
출처: Forbes - 🏆 394. / 53 더 많은 것을 읽으십시오 »

ConocoPhillips, AMC Entertainment, Moderna: Stocks That Defined the WeekHere are seven major companies whose stocks moved on the week’s news. TreasureInJesus 여러분의 삶을 이 땅의 가치로 측청하지 마십시오, this is terrible news Weekend forecast: mild cocktails, cool parties, and silly decisions: calls to your ex. Enjoy!
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »