Starting a business is something that people all across Colorado hope to do someday, which is why entrepreneurs come in all shapes and sizes. People who have worked in an industry for decades can find the same type of success in opening a business as someone who is just out of college. With a good product and strong business formation resources, people from all backgrounds can develop and grow a strong company. Folks in Colorado may have heard of a young man who is proving to be quite a successful entrepreneur with his new company.
The business concept was relatively simple and specific. Millions of people own iPhones, and many of these people will end up dropping the pricey phone and cracking the screen. Rather than having to replace the entire device or visit a crowded store for a repair, people can call iCracked. The company sends out technicians to people's homes to fix cracked iPhone screens. People rely on their smartphones for nearly every aspect of their lives and the goal of this business is to provide quick and affordable service to people who may not have the time or resources to go elsewhere for a relatively simple repair.
The young entrepreneur has raised $700,000 already to fund his new business. He hopes to pull in another $5 million to continue to grow iCracked. The company is reportedly hiring up to 70 new people every month and hopes to expand their services into repairing other phones in the near future.
This story of the young and successful business co-founder highlights the potential outcome of any business venture. Entrepreneurs can launch and grow a company with a strong concept, enough financing and an effective business strategy in place. This is not to say it is always easy. It can take a lot of time and support in order to get a startup off the ground. And growing a business over time can be challenging as well. One thing that potential business owners may want to consider is working with an attorney who can help them tackle the legal logistics of forming and growing a business.
Source: The Huffington Post, "A.J. Forsythe, 25-Year-Old Entreprenuer, Makes Millions With iPhone Repair Service iCracked: Power Pitch," Erin Barry, June 25, 2013