Monday, March 23, 2009

Young entrepreneur's lessons

Sat-Bats, a company co-founded by a teen called Dustin Satloff (the other co-founder is his dad), sells patented bats designed by Dustin himself. Since the company is based in his home - including the storage - it means that it is rent free. He outsources the production to China. Finally, he has sales reps (probably commissioned based) and an online shop, which would mean that costs are very low to distribute the products. A great business model for all wannabees entrepreneurs...