Entrepreneur Founds Firm With Sticking Power
Entrepreneur Randy Boudouris, 52, chose a midlife epiphany over a midlife crisis. Ten years ago, after a falling-out with his employer and a job as a print salesman, he began focusing on making money by himself.
He started MagnetNotes Ltd.
His premier product, MagneCotes, is a paper-thin magnet sheet that is fed through inkjet printers to create materials including personalized magnetized photos and company advertisements.
Its all part of a $500 million worldwide magnet advertising industry. His company, he said, has a 5 percent share, which would be equal to $25 million.
He began with a simple idea and the help of a neighbor, Ray Richards, a retired scientist with Owens-Illinois Inc., a Perrysburg glass bottle making firm.
“I started out in [Ray's] garage on a hot plate mixing formulas on what did and didn’t work,” he said.
His company has developed a yogurt lid for Dannon Company Inc. in Mexico and coupons for the Kroger Co., and has done promotional work with PepsiCo Inc.
“Anything that people can use around the house … anything that’s going to benefit someone will stay around,” he said.
Photo by Toledo Blade.
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