Business Today :: Business Intelligence: Serving business owners in Cabarrus, Lake Norman, University City
Business Intelligence: Serving the Golden Crescent, including Lake Norman, Cabarrus and University City  
Bits & Briefs

LKN Chamber events

In recognition of “Small Business”, the Lake Norman Chamber of Commerce has planned a week long series of events, seminars, and activities May 21-25.

Full Story Here

Green Drinks LKN

May 31 Campania Cafe

Green Drinks Lake Norman will discuss the US Department of Energy's Clean Cities program at Campania Cafe on May 31 from 5:30 to 7:00 p.m.  Speakers and topics will include new and growing companies and more professionals in the green, energy and sustainable sectors. 


Textile documentary debuts
May 17 at Gem Theatre

“Stitched in Time,” a mini-documentary produced by the Cabarrus Chamber of Commerce leadership class, will debut at the Gem Theatre on May 17 at 7 p.m. The film explores the history of the county’s textile industry through personal stories shared by former mill employees. The Cabarrus Chamber Leadership Class brought Historic Cabarrus Inc., Kannapolis History Associates, the A. L. Brown High School Digital Media Department and students from Concord High School into the project. The documentary was directed by A. L. Brown’s digital media teacher, Jonathan Greene.

 


Doggy business gets permit

May 8 Lucky Dog, a proposed doggy daycare, dog park and coffee/drinks bar in the former Kylie’s Restaurant on Highway 21, was granted a conditional use permit by the Cornelius Town Board at the Monday night meeting. Owners of the nearby Hampton Inn raised objections to the facility because of the possibility that barking dogs would disturb their guests' sleep. Bob Daly, one of the owners of Daly Seven, which owns the hotel, said the company is in the "sleep business." Hampton Inn policy is such that all guests get a full refund if they are not completely satisfied. The board vote, however, was unanimous, in favor of the new canid venture.


Member's Area
Why register?
Contacts
Archive Site (Pre-April 2009)
Register
Login

Sports start-up pitches youth leagues with panels that transform swing-sets

Home tested: Scott Essex has invented a sports panel that extends the life of backyard swing-sets

By Dave Yochum

Scott Essex had an idea, applied for a U.S. patent, and launched a business. If it grows the way he thinks it will, it’s likely he will lease flex space and hire a professional manager.

The 44-year-old, would-be entrepreneur — he is a risk management executive at a bank — has created a “game-day target” that converts swing sets into a fun-to-use, confidence-building practice system for young baseball, football and soccer players.

The Cornelius resident launched the business one year ago. “It’s a passion that turned into a commercially viable venture,” the father of two boys, 7 and 9, says. Always involved in local sports leagues, Essex realized his sons were struggling with throwing a baseball to first base on a consistent basis.

He devised a vinyl panel with compelling graphics — complete with holes appropriate for pitches and long throws —  that can be hung from the swing sets kids outgrow by the time they’re 7 or 8. There is a net attached to the back so balls don’t go wild. An architect by training, Essex did all the artwork himself.

“The whole concept was to support them while playing youth athletics and enjoy it as much as possible,” Essex said.

The fact that it’s the first target practice panel to convert a swing-set warranted a patent.

He got the idea back in August of 2009, conducted research the next month and developed a prototype during October, November and December, focusing on the design, layout, attaching the panel to the swingset, keeping it taut and staying in place.

All told, Essex has spent $10,000 to $15,000 on a patent attorney, a good-looking, active web site and prototypes. It will probably take another 12 to 18 months to find out if the U.S. patent is officially granted.

Right now, Essex can produce about 30 or 40 a month, thanks to a production agreement with a billboard company in New York City.

But he’s selling less than 10 a month.

At roughly $225-$240 each, that’s not bad, but Essex sees the opportunity to really ramp up production. The manufacturing process is completed with grommets and hemming, then packaging and shipping. By marketing to youth sports leagues the market could be in the tens of thousands per year.

He thinks the business, which he anticipates staying family controlled, could be able to get to $500,000 a year in revenue fairly quickly. “If we can get to that run rate, then we scale it and make more investments from there,” Essex said, explaining that he would hire help and ramp up production.

There are no plans to sell Practice Makes Perfect panels via retail outlets, focusing instead on internet sales.

“If I can make it commercially viable, even in a small way, if it were to scale and go, it’s almost like inventing the job you want,” Essex said. “If there was an uptick, there’s always a chance of demand you can’t handle…and if demand grows…if we hit 20 or 30 a month, I would say, ‘let’s get some space.’”

Hot Properties

May 2012

In Cornelius

A short sale at 21600 Norman Shores Drive has sold for $1.42 million after being listed at more than $2.5 million in the past. The Craftsman style lakefront home has an “auto showroom” on the lower level...

Full Story Here

Entrepreneurs

Top line growth is key to
company built on service

Randy Stewart
Back in 2005, Randy Stewart went through a dozen new employees. Indeed, finding good people is one of the top challenges at Fabrication Automation, a Concord-based company that sells and services equipment that cuts steel plate.
Full Story Here

On the Record (register to access)

New corporations: May 2012

Login to access this month's New Corporation filings.

Full Story Here

Foreclosures: May 2012

Login to access foreclosures from Cabarrus, Mecklenburg, Iredell.

Full Story Here

Homes sales: May. 2012

Login to access home sales from across the Golden Crescent.

Full Story Here

Online Editions

Read the current issue of Business Today online!

Full PDF versions of Business Today are available to be read online...

Read Current and Archived issues!

Full Story Here

RSS Feed | Archived Articles Login