Creative Solutions, Or: I Bet That’s Why That Guy Had $12 Million In The First Place|
From the obituary of Robert Taylor:
“Robert Taylor knew he had a winning idea for a product the moment he thought of it. Looking at the mess a bar of soap had left on his bathroom sink, he spotted a gap in the market for a bottled liquid soap dispensed by a pump. Realizing bigger companies would quickly copy his idea, he borrowed $12 million – every penny his business was worth – and ordered 100 million little plastic pumps from US manufacturers, creating a back order so huge that no rival could buy pumps for at least a year.”
Props to you, Robert Taylor.
Cross-posted from Ferrett's Real Blog.
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