Business Opportunities Weblog

March 9, 2005 by Dane Carlson | 0 Comments

Fortune Small Business:

Jennifer Sarihan, a 34-year-old mother of three in Springfield, Ohio. In early 2003, Sarihan decided to take a stab at inventing a plastic cutting device that could remove bread crusts and halve sandwiches in one motion. But she was, she says, “kind of at a loss with what to do” with Good Bites, the implement she devised. Sarihan then learned of Mom Inventors, a California company that licenses mom-made inventions and sells them over the web and through a network of stores. Mom Inventors founder Tamara Monosoff, 39, licensed the product from Sarihan for a standard licensing royalty of around 5%, and predicts that the product, together with two others Monosoff has signed up, will bring in at least $1.7 million this year.

In Entrepreneurial Lifestyle, Ideas, Posts | 0 Comments