Read the full Forbes article and watch the interview here: http://onforb.es/1NFVOSf. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. Septuagenarian Tom Chappell, founder of Tom’s of Maine, the natural toothpaste company that became a national phenomenon and was sold to Colgate Palmolive in 2006 for $100 million, is up to good again with Ramblers Way Farm, Inc. The new $1 million revenue company makes “premium quality” casual apparel from merino wool or pima cotton produced sustainably in the U.S. The company has a consumer direct model, selling both online and via company stores. Chappell says the company has a five year plan to reach $20 million in revenue. While the company is not yet profitable, he says, they generate gross margins of 60 percent. Those look like healthy margins in just about any industry where the product can’t be delivered via the internet. Read the full Forbes article and watch the interview here: http://onforb.es/1NFVOSf. Please consider whether a friend or colleague might benefit from this piece and, if so, share it.
#407: Serial Social Entrepreneur Offers Five Tips For Real Impact