
You See A Cake Pan, An Entrepreneur Sees Opportunity.
Walter Fredrick "Fred" Morrison and his girlfriend were having fun tossing a popcorn lid back and forth. They soon discovered that cake pans flew better and were easier to obtain. So they started a little business selling “Flyin’ Cake Pans” on the beach in Santa Monica, Calif. In 1957 he sold the rights for his "Pluto Platter" (later known as the Frisbee) to Wham-O toys.
After completing a tour of duty in World War II where Fred learned about aeronautics, he designed a flying disc he called the Whirlo-Way and found an investor who paid for molding his design in plastic.
Today, the Frisbee can be found in the more than 45,000 sporting goods stores nationwide, ringing up sales of over $26 billion annually -- not to mention hours and hours of fun.
Small businesses are responsible for most of the innovation in the U.S. and creative entrepreneurs such as Fred provide our economy with a competitive advantage. That’s why small businesses will take the forefront in driving our economic recovery. So what’s your ground-breaking idea? Look around you. It may be right in front of you. Your opportunities are limited only by your own imagination. Learn more about taking an idea from the mind to the marketplace on SBTV.com.


Comments (1)
Great food for thought. Another invention in times of trouble came with Monopoly (or whatever it was called at its inception) from Charles Darrow who invented a game when he was an unemployed salesman from Germantown, PA following the 1929 market crash. Read a post by Mary Bellis on About.com (http://inventors.about.com/library/weekly/aa121997.htm) surrounding this and other games that came to be known as Monopoly. Times of trouble force people to think creatively and "up out of the ashes rise the roses of success."
— Posted by Comeback-mom | January 15, 2009 12:53 PM | Comment Permalink