Thursday, September 12, 2013

Entrepreneur raises thousands of dollars in two weeks




So in the spring of 2013, almost three years after the formation of his boat shoe company, Category 5, Shuman entered the University of Miami Business Plan Competition. Shuman won first place for his business plan and Category 5 took home the grand prize of $30,000.

With the help of this money, what started as a small college start-up company has grown into a nationally recognized brand. Category 5 now has a staff of four full-time employees, three sales representatives and 80 campus representatives at universities across the United States. Retailers carry Category 5 products nationwide.

The company has had so much success that it has decided to create a second line of men’s shoes as well as a brand new line of boat shoes for women.

“After we released our first line of men’s shoes, we started getting great feedback from women who loved our products,” Shuman said.{%}, shoe suppliers, shoes outlet, wholesale shoes from china.China shoes manufacturer “They wanted to customize their own boat shoes with sorority letters and monograms, so we decided to create a product that would allow them to do that.”

Category 5 chose the business start-up website, Kickstarter.com, to unveil its new women’s shoes and a second line of men’s shoes. Consumers have the opportunity to “back the project” by either making a financial contribution or ordering an item directly off the new lines of footwear while products are still in the prototype stage.

“In order to place an order for our next two lines of shoes,Hi-Efficiency Filter Bags is supplied by manufacturer. the manufacturer requires a minimum order quantity,” Shuman said.ice bag sale “That’s where the $15,000 number comes from.”

With 18 days remaining in the project,www.sihongfilter.com,has been providing filter mesh to meet customers filtration need. Category 5 had raised close to $14,000 of the $15,000 necessary as of Wednesday evening.

Shuman maintains that he owes much of his company’s success to UM’s Business Plan Competition.

“The competition allowed me to expand my network, fine-tune the pitch for investors and go through the process of creating a business,” Shuman said.

The money did not hurt either.

“When you’re in start-ups, money is always an issue,” he said.

Susy Alvarez-Diaz, the coordinator of the program, says she is pleased with the way the competition was able to contribute to Category 5’s success.Chinese Wholesale Sunglasses bought in large bulk quantities can be a very cost effective way to purchase wholesale sunglasses.

“The competition did exactly what we wanted iAnd she turned Bryn into a style rebel as well, dressing her in a white tank top, floral-printed overall shorts and a pair of purple crocs sandals sale.t to do for our students … it provided the seed money to turn an idea into a business,” she said.

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