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Dude Wipes’ potty-mouthed founders have already grabbed 1% of the $11 billion U.S. toilet paper market. Now the Mark Cuban-backed startup is aiming to swipe up to 10%.<br/><br/>Since starting Dude Products in 2011, Sean Riley, Ryan Meegan and a third cofounder, Jeff Klimkowski, childhood friends from the Chicago suburbs, have closely studied the trail left behind by “Big Toilet Paper” leaders like Kimberly Clark and Procter & Gamble – everything from the design of their newest rolls to their latest ad campaigns – and have done the exact opposite. <br/><br/>One of the most successful businesses in Shark Tank history, Dude Products rolled up $110 million in revenue last year, from $70 million in 2022. The company, which has been profitable since 2016, now makes up 1% of the $11 billion toilet paper industry. The founders predict Dude will do $500 million in annual sales within five years and ultimately grow into a $1 billion (sales) brand. <br/><br/>0:00 Who Are The Dudes?<br/>00:19 Meeting the Need for Something Different <br/>02:50 Characteristics of a Winning Team<br/>03:37 Scared Money Don’t Make Money<br/>04:29 Guerilla Marketing At Its Finest <br/>06:46 The Dudes’ First Major Deal <br/>07:22 The Shark Tank Effect <br/>09:28 The Great Toilet Shortage of 2020<br/>11:00 Flushing Out the Competition <br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/jemimamcevoy/2024/05/17/this-shark-tank-winner-has-a-1-billion-plan-to-replace-toilet-paper/?sh=1b23fac62c17<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Tips For Integrating , AI Tools , Into Your Business.<br/>'Newsweek' reports that the key to integrating <br/>AI-powered tools into your business is to ensure a <br/>solid IT infrastructure has been established to support it..<br/>Without that foundation, AI tools could be greatly limited or undermined all together in their ability to provide a return on investment. .<br/>According to data provided by Forrester, 62% of <br/>global business and tech professionals expect AI investments to significantly increase over the next year.<br/>This means that business leaders must <br/>gain a realistic understanding of how specific <br/>AI applications could help their company.<br/>By deploying applications that help <br/>enhance productivity and personalize <br/>processes, organizations can use <br/>Generative AI to accelerate the pace <br/>of their business, evolving an <br/>experimental investment into <br/>an established value driver, Deloitte AI Institute, via 'Newsweek'.<br/>A clear plan should include a way to measure the impact <br/>of AI within specific areas of your business before <br/>scaling its use widely across the company.<br/>IT infrastructure should include a well <br/>thought out strategy for cloud computing<br/>and access to a reliable high-speed network. .<br/>Ensure accurate, up-to-date and complete data for more <br/>reliable AI outputs, which means regularly cleaning, <br/>normalizing and structuring data to improve AI training.<br/>The addition of AI tools also means investing in a <br/>sophisticated cybersecurity strategy like Secure Access <br/>Service Edge (SASE) and Security Service Edge (SSE).<br/>Developing the necessary in-house know-how to fully <br/>utilize AI tools means investing in training or in a third-<br/>party IT-managed service provider (MSP) for AI support
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A dad who loves his regular trips to Costco was given an incredible 40th birthday surprise when friends and family deliberately bumped into him as he made his way around the aisles, leading to a wonderful in-store celebration. When listing things her husband, Adam, likes the most, Katie Staley, 38, said that Costco would be close behind his love of family and sports. This played into Katie's thinking when she was planning Adam's 40th birthday celebrations, as she initially came up with the idea of having a small surprise party at the wholesale store. The event would be an ode to a McDonald's birthday party Adam had as a child, Katie said, but the more she thought about it, the more she wanted to go above and beyond just handing out cake to strangers in the store. Katie, from Kansas City, Missouri, started to reach out to friends and family, and soon she had a long list of people who wanted to attend: aunts and uncles, neighbors, high school friends and parents, and work colleagues. Using a Facebook group to communicate with attendees, Katie gave everyone a play-by-play of how Adam makes his way around the story. The first stop would be the Chiefs or Royals memorabilia, Katie said, and then a straight shot to the alcohol, grabbing a chicken, paper plates, and then frozen veggies and the water and soda aisle. Friends and family were encouraged to spread out around the store, bumping into a stunned Adam as they nonchalantly found ways to record his surprised looks as he thought he was meeting them by chance. The group then gathered for a bigger party in the store, where Adam was treated to cake and Katie praised the Costco staff for being so accommodating.
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