Tag Archives: Entrepreneur

Reflections and Lessons from Two Years as an Entrepreneur

Last week someone commented on a blog entry I posted almost a year ago.  Not only did this person’s user name give me a big smile (frankelstache), the comment they left did as well.  “I googled something for a work project and ended up here. Fu&*ing a’, man. Very inspiring and wise words. I know it’s been a year since you wrote this, but I hope things are only looking up.  Good luck.”

I re-read that blog entry and preceded to re-read every post I’ve made in the last year plus of blogging.  It has been two years since the red shirt experience that launched me into the crazy world of entrepreneurship.  Over the past 24 months, I have experienced the highest of highs and the lowest of lows.  I have met many new friends and become even closer to current ones.  And I have most definitely learned a thing or two…or three.  I have learned a lot about starting a company (Lesson #1:  It’s all about cash flow).  But more importantly, I have learned a lot about life.  In looking back on my blog entries, I realized I had many nuggets of wisdom (is that arrogant to deem my own words wise?) hidden in my ramblings.  Here are five of my favorites.

1) Don’t sit around waiting for your real life to begin.  Your real life is now.

2) It is not about what keeps you up at night, it is what gets you out of bed in the morning.

3) A random high 5 can go a long way in someone’s day.

4) When it comes to positive change, the responsibility is all of ours.

5) Regardless of your situation, you can always find a few sources of optimism and things for which to be grateful.

If you have some similar words of wisdom to share, I would love to hear them.

Top 10 Benefits to Being a Poor Entrepreneur (Especially in a Down Economy)

If I have learned anything from my time as an entrepreneur, it is how to integrate Atayne into nearly any conversation.  Just as it is guaranteed that I will bring the conversation around to Atayne, it is equally assured that someone will eventually say, “Tough time to be starting a company.”

No doubt it is a tough time to be starting a company.  Although, is it ever really easy for the majority of us who are not children of millionaires?

But I don’t like to focus on the negative.  There are many benefits to being a poor entrepreneur, especially in a down economy.  Here is my top 10 list.

10.  Free Beer.  When people find out you recently launched a start-up, they insist on paying when you are out for beers.

9.  Most basement living is rent-free.  Since I started Atayne, I have lived in the basement of three different friends totaling almost 12 months of free rent. (Thank you all!)

8.  There is such a thing as a free lunch.  See number 10 for explanation, substitute lunch for beers.

7.  People send you random gifts.  One of my favorites is banana bread from an Atayne fan in Chicago.

6.  No need to fret on a daily basis about the 50% decline in your retirement portfolio.  Wait, what’s a retirement portfolio?

5.  Working in your pajamas.  No explanation required.

4.  You no longer have to report to that jackass who knows nothing.  You now are the jackass who knows nothing.

3.  It is hard to beat the commute from bedroom to home office, especially on rainy or snowy days.

2.  Free Beer.  It’s a good one and deserves to be mentioned twice.

1.  Zero concern of getting laid off due to corporate “right-sizing.”

For anyone who is inclined to start your own thing, it is never going to be the right time.  The economy may be the excuse now, but fear will always help you find another reason in the future.

“You gain strength, courage, and confidence by every experience in which you really stop to look fear in the face. You must do the thing which you think you cannot do.”
-Eleanor Roosevelt

So, consider taking that jump; you might find happiness in some unlikely places. After all:

“Happiness is not a goal; it is a by-product.”
-Eleanor Roosevelt

Back from the Brief Silence

For those of you who follow my blog and look forward to my posts (I am pretty sure there are a few of you out there other than my mom, dad, and girlfriend), I apologize for the recent silence.  Despite the lack of noise on the blog, things have been very loud and exciting in the house of Atayne.

Inventorying in the basement

Inventorying in the basement

The day that I have anticipated for the last 15 months finally arrived: at 9:30am on Thursday, August 21 the first shipment of Atayne product arrived!  The following 4 days I spent nearly every waking hour inspecting and inventorying the shipment.  This was not and easy task as I was confined to a small room, in a basement.  Just one of the many joys of being an entrepreneur.

Plastic waste from a small product order

Plastic waste from a small product order

The shipment acceptance process was an eye opener.  Upon opening the first box, I realized that every shirt was individually wrapped in a plastic bag.  Every single shirt!  ”What waste,” is all I could think about as I opened each bag.  But then I realized this was yet another opportunity to create a positive change, industry-wide.  My goal is to work with my already socially responsible manufacturer to find a better way to ship, but still protect product from water damage during shipping.

My first thought, “How does Patagonia (one of the greenest companies out there) handle shipping?”  I soon learned from a former Patagonia employee that all Patagonia products are individually shipped in plastic (from manufacturing site to retail).  An opportunity for Atayne to raise the bar to benefit people and planet! I love it.

The Atayne Event Set

The Atayne Event Set

The following weekend (Labor Day) Atayne officially launched sales at the Virginia Beach Rock n’ Roll ½ Marathon.  We loaded our event set and 5 bins of product into the Civic Hybrid (a very tight fit) and headed out for the weekend.

Not really knowing what to expect, I would say it turned out to be a great launch.  We sold Atayne tops to strangers who had never heard of Atayne — and who were not hard-core environmentalists.  People were genuinely excited about the brand and products. (Two people left our booth wearing the shirts. And several planned to wear them during the half-marathon.)

To my Atayne investors, nothing indicated excitement more than consumers willingness to pay full retail price for a premium top — in the face of heavily discounted apparel by brands like Nike and Brooks a few steps away, AND in the midst of an economic downturn.

On top of that we raised nearly $500 on behalf of Tommy Neeson.  Be sure to check in on Tommy. He is now in Connecticut, arriving in NYC on September 11.

Mike after the Dances with Dirt 50k Race

Mike after the Dances with Dirt 50k Race

And to cap off a busy 10 days, I (and Atayne) moved out of the basement!  We are now above ground with a great new home office and Mike is officially my sugar daddy (I think I should be scared).

On the horizon: Web sales coming as soon as we can get the technology sorted out as well as more events.  Make sure you check the schedule online so you can stop by and visit.

Once again thanks for everyone’s support.

“Unless someone like you cares a whole awful lot, nothing is going to get better.  It’s not.”
-Dr. Seuss, The Lorax

What Keeps You Up At Night?

Last Monday (June 16th) I had my first big investor meeting. I had spoken with many people along the way and secured a few verbal commitments, but this one was more formal. I had the opportunity to stand in front of 15 well established and successful Washington, DC based entrepreneurs and convince them their next investment should be with a company that has yet to make its first sale. This was for the big money, the amount that would really get Atayne off the ground.

Overall, things went pretty well. Being an unwavering optimist, I walked into the event hoping to hit a home run and walk away with $350,000 in signed checks. Those expectations are not realistic when you are asking people to hand over such substantial sums of money. However, there is no doubt I hit a triple. I have a man in scoring position, and now I just have to step back up to the plate and knock him in.

But I want to get beyond the outcome of the event. The point of this post is to talk about one simple question that one of the attendees asked me, “What keeps you up at night?” My first thought, “What doesn’t?” I could have named a long string of things, but I spared the room of my stories that lead to sleep deprived, coffee fueled days. I mentioned a couple things, and we moved on to other topics.

I should have known that the question was foreshadowing what was to become of my evening. Mentally and physically exhausted, I laid my head on my pillow at about 11:45pm that night. And it was like I turned on a switch, a switch that instantly filled my head with a wide array of thoughts. I lay there replaying the entire evening in my head: I could have done this, I should have said that. We all know hindsight is 20/20, but knowing does not prevent one from thinking how things could have played differently.

For 5 hours I lay there. When my alarm clock went off at 4:45am to start another day, I did not want to get up. I wanted to make up for the 4 hours of sleep I had gotten the last two nights combined. But I didn’t stay in bed. I made the very hard first step of the day. And after a quick run, a shower, and few cups of coffee, I was once again energized and filled with passion for the 16+ hour work day that awaited me.

Why do I tell this story? It is not to say that a run, shower, and coffee give me my energy (although they all sure do help). I tell this story because as I was taking step 1, then 2, then 3, I thought to myself, “Does it really matter what keeps me up at night?” The answer to me was simple, “No.” Staying up at night is easy. I do it once or twice a week and ultimately the reason is always different. What is really hard: taking the first step of the day after being up all night. Getting out of bed and putting every ounce of energy and passion into building a dream. That is the hard part.

So in my mind I should not have been asked, “What keeps you up at night?” but rather “What gets you up in the morning?” Because getting up in the morning is the true test.

I hope that you are now asking what gets me up in the morning. Here are just a few things:

  • An advisor who forgoes paid work to fly across the country on a red eye, sleep on a basement floor, and then fly back across the country at 6am in order to support me at the investor dinner.
  • Friends who make room in their basement for another “son”, adding to the 4 sons they already have. And a college buddy who has recently volunteered to support me financially until the dream takes off, so that I can move out of the basement.
  • A girlfriend who has spent countless hours reviewing and editing multiple versions of business plans, executive summaries, website copy, and blog entries.
  • A family that understands why I had to miss the first family vacation that we have planned in over 20 years.
  • The people I tell the Atayne story to and then they pledge to be the first customer.
  • The strangers and soon to be friends who read and comment on my blog.

These can all be simplified to one thing, PEOPLE. The people who believe in Atayne. The people who believe there is a better way to do things. The people who believe that if you do good by people and the planet, profits will follow. Every day that I struggle to take the first step out of bed in the morning, it becomes easy when I think of all those people that believe in me. And I refuse to let them down.

Over the next couple weeks I need to close on a substantial amount of financing to bring Atayne to the market on schedule. I have to convince people with the money that I don’t have, to put it in my pocket. Now more than ever is the time to show these potential investors how many people believe in Atayne. So, just as I have asked investors to show their faith in me through direct investments, I’m asking you to voice your support by posting a simple response to this entry – “I BELIEVE AND I WILL BUY.“ To add even more impact, include your city and state and forward to friends you think will believe.

And always remember:
“Dreams are like the paints of a great artist. Your dreams are your paints, the world is your canvas. Believing is the brush that converts your dreams into a masterpiece of reality.”
-Unknown

It’s Going to Be a Marathon…

My name is Jeremy and I am getting ready to embark on one of the greatest races of my life. In the last year and a half, I have run four marathons (Marine Corp, Flying Pig, Chicago, and Philly) but I think this next one is going to be more like an ultra.

Over the course of my time as a marathoner, I have grown increasingly frustrated with the status quo of the apparel industry and more specifically performance apparel. Every time I went to purchase a new performance garment, I felt like I was compromising some of my most important values.

On one side, performance apparel is great. It wicks moisture, drys quickly, and is highly breathable. This all adds up to help you perform better by preventing your body from over heating. For some more background on performance apparel and moisture management, check out this article.

Unfortunately, on the other side, performance sportswear is highly unsustainable and uses chemicals and materials that are harmful to people and the environment. Consider a few things:

  • The primary fabric used (polyester) is a by-product of petroleum, a non-renewable, energy intensive, and somewhat controversial resource.
  • Polyester is not biodegradable and when it is discarded, it ends up in a landfill where it will sit for thousands of years.
  • Polyester for performance sportswear is often treated to enhance moisture management and inhibit bacteria growth. These treatments, ranging from chemicals to heavy metals, are very questionable in terms of their safety for people and the environment.

The list could go on, but I will stop there because despite this gloomy analysis there is a better way. I decided I was no longer going to compromise my environmental and social values, and I was going to change the game. Atayne is the change.

This posting is my first step in this new race, the race to create the performance sportswear organization of the future. The race where athletic performance and sustainability run side by side. The race where athletes impact the sport not the planet. The race where you compromise nothing and attain anything.

I hope you join me on this race and follow me on my journey through entrepreneurship. I hope you check in next week where I will reveal the story behind the title of the blog and why Atayne will never make a red shirt.