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THE BIG IDEA: VIDEO

11 Nov 2008

America speaks out with their solutions to the country's economic crisis and Jeremy from New York offers an unconventional, although historically relevant solution.

The Need for Transparency

05 Nov 2008

Donny Deutsch, Jim Cramer and Dylan Ratigan debate the possibilities for transparency and suggest solutions for the country's struggling housing market and unprecedented government actions.

Senator John Kerry

23 Oct 2008

Donny Deutsch and Larry Kudlow question Senator John Kerry (D-MA) Chairman of the Senate Committee on Small Business and Entrepreneurship, on the state of the economy and the outlook for small businesses.

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Blake Mycoskie And TOMS Shoes: Little Money Goes A Long Way

Published: Tuesday, 17 Jul 2007 | 10:50 AM ET

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By: Donny Deutsch
Host, The Big Idea

Child wearing TOMS
Child wearing TOMS
How much does it cost to start your own million-dollar business? For Blake Mycoskie, the answer is $500. That’s right, only $500 dollars. On last night’s show, all of our guests began their very own businesses for relatively nothing. I’d say that’s one of the best dollar-for-dollar investments out there!

TOMS shoes was born out of a trip to Argentina, where Blake witnessed impoverished children walking the streets without footwear. Inspired by a local type of shoe, Blake brought an Argentinean style back home with the promise that for every shoe sold in America, he’d send one pair of shoes to Argentina.

The charitable cause behind the business is probably a big factor that draws potential customers to purchase TOMS shoes. Blake Mycoskie is a perfect example of how it doesn’t take much money to make a big difference--and some big bucks!

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Topics:Big Idea with Donny Deutsch

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