Entrepreneur Wayne Beckley heard about the power of anti oxidants in red wine and was convinced they could help the skin in topical form. The multi-million dollar Merlot Skin Care line began in his own kitchen.
Two friends max out their credit cards to fund their new business making eco-friendly cleaning products packaged in beautifully designed containers. Today, Method revenues top $100 million.
Corbin Church has created a powerhouse out of Miche Bag, started by a young housewife, Michelle Romero, who saved a soiled handbag by replacing the outside with a new design. Today Miche sells more than 40 outer shells for their popular bags.
In 1989, Tom Schlafly and Dan Kopman wanted to make their own beer and start a brewpub. Today Schlafly Beer produces 36,000 barrels of beer a year and boasts sales of more than $13 million.
If you talk to any entrepreneur or inventor they’ll tell you that they’re constantly coming up with ideas for new products. Here are four steps that the founder and CEO of Merlot Skin Care says to follow to develop an idea into a new product.