One entrepreneur's journey from attorney to old-school bow ties

Published Fri, Apr 4 201411:48 AM EDTUpdated Tue, Apr 8 20149:47 AM EDT

Bow tie by Accoutre

Source: Accoutre

Eliot Payne was a U.S. Patent Office attorney and didn't even know how to sew, when his passion for old-school bow ties grew into a small business that launched in 2011.

Two years later in 2013, Payne lost his job as part of the government's spending cuts and he devoted more time to his business Accoutre, based in Washington, D.C., CNNMoney.com reports.

Seeing a need for domestically produced wool yarn, entrepreneur Stephenie Anderson has opened a new wool mill in Minnesota. Northern Woolen Mills processes about 100 pounds of finished yarn a day.

'Crazy' innovative: How one entrepreneur is reviving 'Made in USA' wool

Payne today sells his bow ties mainly through Accoutre's website for $60 to $70 apiece. He still makes all the ties himself. One of the bestsellers is a leopard-print tie dubbed "Bad Kitty."

Read the full report here.

—CNBC.com