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Home December 2008
December 2, 2008



Changing the World, and Growing your Business, One Shoe at a Time PDF Print Email
Companies
Written by Jackie Rosselli   
Tuesday, 02 December 2008 00:00
Soles4SoulsCollecting shoes for those in need may not sound like a profitable business endeavor, but according to Wayne Elsey, founder and CEO of the Nashville-based Soles4Souls, it is a win-win for both the company and recipient. "Retailers can grow their revenues and drive new business into their stores while doing something good for those in desperate need," he says.

The Soles4Souls mission is simple – provide shoes to the world's neediest inhabitants. This straightforward approach has made it one of the most popular charities of our time, winning the praise of many in the entertainment and sports world, and the backing of corporate sponsors. "We do what we know; we get and give shoes," says Elsey.

Soles4Souls got its start in the wake of the Asian tsunami in December 2004. "As I watched the television coverage, I saw a shoe floating in the debris, and it bothered me," he recalls. "I just knew I had to do something." While many preferred writing a check, Elsey, a shoe industry veteran, was compelled to do more. He called a few colleagues and asked if they would partner with him to donate shoes to the relief effort. Together, the team sent over 25,000 pair of shoes to victims of the disaster. When Hurricane Katrina struck the gulf coast in 2005, the group responded again, but realized the need for shoes transcended any one catastrophe. Soles4Souls officially incorporated as a 501(c)(3) in February 2006.

To date, Soles4Souls has given away over 3 million pair of shoes, about one pair every 17 seconds. Over 96 percent of the donated footwear winds up on someone's feet. The remaining are recycled, used in playgrounds and arenas across the country. Shoes have been distributed in over 40 countries and across 5 continents, anywhere there is need. Some of the footwear has even wound up in the United States, in the country's most blighted neighborhoods.

Last Updated on Saturday, 14 February 2009 14:04
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Grip-Flex Corporation: A Half Century of Elegance & Innovation PDF Print Email
Companies
Written by Deb Webster   
Sunday, 08 February 2009 20:39
Grip-FlexIn 1954, 46- year-old William Lowney had an idea that possessed him. It began in his four-car Philadelphia garage as he and his wife, Annette, patented a gizmo called a boot band. This little braided band, with its splash of olive drab color, fit around the tops of military boots and kept pants tucked tightly inside the footwear; they at once "gripped" the top of the boot but "flexed" when an individual stepped: Hence, the Grip-Flex Corporation was born.

Lowney initially began his journey of selling his product from town to town along the eastern seaboard, potential customer to potential customer, until his gadget took hold. And indeed it did. From there, it was a small step to add the product of shoulder cords, each cord being handmade, even today. Shoulder cords inspired citation cords, shoulder knots, epaulettes, and the selling of braid, itself—flat, soutache, edge cord, and the rounded tubular. Lowney focused on what he felt were basic stock colors (custom dyed colors became available upon request) as he broadened his clientele to include schools and marching bands, hotels and theatres, police, postal, and security uniforms. The creation of the Lowney braid business was on its way.

Twenty-year old son George abandoned his job in a grocery store and eventually took over the firm, maintaining his father's original goals and standards while growing the business at the same time. Moving out of the garage, Grip-Flex currently boasts 15,000 square feet of braiding machines and inventory, as well as over 40 employees who at once do the hands-on work, and assist with customer service in the front offices. It is one of two braid houses that remain in the United States today.

Last Updated on Saturday, 14 February 2009 14:06
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Informed Decisions for Success PDF Print Email
Joe Greco
Written by Joseph Greco, MSOD   
Sunday, 08 February 2009 20:28
In these times of recession, vast uncertainty and global economic downturn, we may want to take a step back and reassess or be forced to reconsider the reasons for our goals, business strategies and other key decisions. But before taking any further paths to implement previously approved plans, consider some guidelines for making sound decisions as if you were to make them afresh today.

Think about establishing clear goals that will address two areas of need. Ask the question about the quality of the decision- is it the right one for these times and market circumstances? And can you be assured of continued commitments and support from key stakeholders who have an interest in your future success? This group would include your employees, managers, lenders, vendors and clients. Are your plans devised to serve the long term and short term interests of the enterprise? Consider and devise methods in advance to resolve issues and conflicts that you may imagine can occur. What will be the impact? Be ready with your back up plan B and C if you can. Use these times of course corrections to increase your intellectual knowledge base and learning's so that you may strengthen your chances for greater future success. If you've already paid a price, get the benefit of that investment and don't pay the same price twice.

Last Updated on Monday, 17 August 2009 19:35
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