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Biography of-an-enterpreneur
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- 2. Entrepreneur An entrepreneur isa person who launches and manages a business. An entrepreneur is also known as a founder. He follows a business plan, and takes initial steps to the business such as financing and appoints employees needed to progress the business. He is ready to face all the threats while starting a business and has creative mind and a he do hard work with dedication to achieve his goals BiographyofBlakeMycoskie Blake Mycoskie (born August 26, 1976) is an American entrepreneur, author, and philanthropist. He is best known as the founder and Chief Shoe Giver of Toms Shoes (stylized as TOMS Shoes). Background (EarlyLife andEducation) Mycoskie was born in Arlington, Texas to Mike Mycoskie, an orthopedic surgeon, and Pam Mycoskie, an author. After first attending Arlington Martin High School, he graduated from St. Stephen's Episcopal School in Austin in 1994.
- 3. Mycoskie, who beganplaying tennis when he was 10, attended Southern Methodist University on a partial tennis scholarship in 1995, and elected a dual major in philosophy and business. After an Achilles tendon injury he sustained as a sophomore, which effectively ended his tennis career, Mycoskie left SMU and launched his first business, EZ Laundry. Originally focused on SMU, which had no on- campus dry cleaning service, EZ Laundry expanded, ultimately employing more than 40 people, servicing three universities, and generating close to $1 million in sales. Mycoskie sold the company to his partner in 1999. Entrepreneur Career: Blake Mycoskie has a very pleasant mind and a big heart as well. He met an American woman in 2006 who was part of a volunteer organization which provided shoes for children in need. Mycoskie spent several days traveling from village to village with the group, as well as on his own. "(I witnessed) the intense pockets of poverty just outside the bustling capital," Inspired, Mycoskie returned to the United States and founded Shoes for Better Tomorrows. Designed as a for- profit business which could continually give new shoes to disadvantaged children, he created the "One for One"
- 4. business model: thecompany would donate a new pair of shoes for every pair of shoes sold. An early example of social entrepreneurship, the shoes, similar to the Argentinian Alpargata, were created to appeal to a worldwide audience, which would both sustain the company's mission and generate profit. Shoes for a Better Tomorrow, later shortened to TOMS, was started in 2006; by 2013, the company had donated more than 10,000,000 pairs of shoes to people in need. The shoes are sold globally in more than 1000 stores. In 2011, Toms expanded to include eyeglasses in its "One for One" offering -- for every pair of sunglasses purchased, sight-saving medical treatment, prescription glasses or surgery is donated to a person in need. While Mycoskie conceived the idea, a "Sight Giving Partner," the Seva Foundation, was contracted to administer the actual program, which launched in Nepal, Tibet, and Cambodia. In a 2012 interview with Fast Company, Mycoskie said it was helpful for him to work with Seva. "I've been there when (people have had) surgery... and I've handed out the glasses. But as Toms grows, it has to be less about 'What's Blake's most intimate, joyful experience?' and more about 'What's the great need?'"
- 5. Mycoskie published thebook Start Something That Matters in 2011. In it, he wrote about the virtues of social entrepreneurship and the concept of businesses using their profits and company assets to make charitable donations or engage in other charitable efforts, using his experience with Toms to demonstrate both the intangible and real returns. For every copy of Start Something That Matters sold, Mycoskie promised to give a children's book to a child in need. Fifty percent of royalties from the book were then used to provide grants to up-and-coming entrepreneurs, and Mycoskie increased this to 100% in late 2012. The book became a New York Times best-selling business book, and a number one New York Times best-seller in the advice category. At SXSW in 2014, Mycoskie announced the launch of TOMS Roasting Co., a company which offers coffee sourced through direct trade efforts in Rwanda, Honduras, Peru, Guatemala and Malawi. TOMS Roasting Co. will donate a week of water to people in need in supplier countries for every bag of coffee sold. In 2014, Mycoskie announced that TOMS would launch an additional "One for One" product every year. In August 2014, Mycoskie sold 50% of Toms to Bain Capital, retaining his role as Chief Shoe Giver. In a company press
- 6. release, he said:"In eight short years, we've had incredible success, and now we need a strategic partner who shares our bold vision for the future and can help us realize it." He will donate 50% of the profits from the sale to establish a fund that identifies and supports social entrepreneurship and other causes. Bain committed to matching Mycoskie's donation to the fund, and will continue the One for One business model. (PersonalLife) Mycoskie, who lives in Los Angeles, met his wife, Heather Lang, when the two worked together at Toms. They have one son, Summit, born in 2015. Lang runs Toms Loves Animals, a program launched in May 2014 in conjunction with Toms. His sister, Paige, is the co-founder and designer of Aviator Nation, a surf lifestyle brand inspired by vintage sportswear; his brother, Tyler, works in marketing at Toms. Mycoskie is an avid golfer and fly fisher. Reference: Wikipedia, the Free Encyclopedia. Comments:
- 7. He is asocial entrepreneur, I inspired by him because he has passion of doing something for his society and he is totally successful in his goal. He work with dedication and concern to work and always had a mind set about the goal which bring him towards the success.