This Couple Started Their Business With Just $5,000. Now It Brings in $5 Million a Year—With Kevin O'Leary as an Investor

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

During a four-hour road trip with their kids, Jamie and Brian Ratner came up with an idea to start a deals website just for parents. Now their business, backed by “Shark Tank” investor Kevin O’Leary, brings in $5 million a year.

1. Make your business name short, memorable and easy to spell.

In emails and on documents, people also often spell the name wrong, including on checks, which leads to us having to spend time addressing the error.Rather than come up with a budget when first starting out, we used only what we could afford to invest, which was $5,000. We maintained a lean staff, with a mix of full-time employees and independent contractors.

During our first two years in business, we focused solely on our home base in the Washington D.C. and Baltimore area. We asked our family and friends to spread the word. I also did my best to connect with every local parent-teacher association, business owner and media outlet. Early on, we turned down 10 acquisition and partnership opportunities. We had built a great team, and we wanted to run things our way for as long as possible.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

kevinolearytv MakeIt

kevinolearytv MakeIt Couple? Looks like her dad..

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 524. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines