Business
24-Year-Old College Dropout, Dylan Jacob is the King of the Drinkware Market
At a mere age of 24, Dylan Jacob is a force to reckon with. Already the king of the drinkware market in the United States, Jacob is a serial entrepreneur who has successfully run two businesses before starting BrüMate.
Every year, millions of aspiring entrepreneurs come up with fantastic business ideas. While some fail, some others succeed and set an example for others to follow. Passion, creativity and confidence are traits required in good businessmen. But for them to turn a business into a successful venture, understanding the consumer’s needs is important.
Indiana-based Dylan Jacob believes that, “Before setting out to create any product or service you should be out there talking to your ideal customer base to help shape and transform your concept into a viable product that the general population will get behind.”
Always amongst the top 10 in his class, Jacob studied Engineering at the prestigious Purdue University. It was then that he started a small business of part supply for repair which he sold to one of the company’s franchise customers.
After two semesters at Purdue, Jacob made a risky decision which completely changed his life. He dropped out of college to pursue entrepreneurship full time. He then started a high-end glass tile company and sold it in 2017 which is still a successful venture under the new owners. But his third and the most successful venture, BrüMate is the closest to his heart.
At a Christmas party, Jacob left his drink unattended for a few minutes and found the drink to be quite warm when he returned. He grew curious and started looking for koozies online to keep his drinks cold. He was surprised that there were no koozies available for his choice of beverage. So in 2016, he launched BrüMate, an insulated drinkware brand specializing in adult beverages.
In its first year, BrüMate made $2 million in sales without taking a single penny from investors. In the second year, the company recorded a 1000% profit with $20 million revenue. In 2019, Jacob aims at crossing $35 million in revenue. One of the most popular product of the company, the Hopsulator TRiO keeps your drink cold till you finish it. The Winesulator is another best-selling product which keeps your wine cold for 24 hours. Apart from these, there glitter flasks and a variety of accessories to choose from.
Jacob has made it in the Forbes 30 under 30 list two years in a row and is also one of the finalists for ‘Entrepreneur of the Year – 2019.’ All products by BrüMate are designed and conceptualized by Jacob himself and he’s increasingly adding new products on the shelf based on market requirement. According to a Drinkware Market Report, the industry is estimated to cross $11 billion by 2023 and the rate at which BrüMate is growing, Jacob is sure to be one of the top contenders in the world market.
At 24, Jacob is running one of the fastest growing businesses in all of United States and is the leader in the drinkware market. But even after achieving so much, he wants to explore, take more risks and grow his business further. “I have seen entrepreneurs hesitate to take risks because of fear of failure. However, real success comes to those who dare to take the unexplored path. Today, even though I have established myself in the industry, I wish to experiment and explore newer markets, achieve greater heights, and become a market pioneer,” Jacob says.
Business
5 Reasons Your Business Should Invest in Solar Energy
In today’s rapidly evolving marketplace, sustainability is no longer a buzzword – it’s a business imperative. With energy costs rising and consumers gravitating towards environmentally conscious brands, businesses that embrace solar energy not only reduce their carbon footprint but also unlock significant financial and operational benefits. Here are five compelling reasons why your business should invest in solar energy:
Slash Your Energy Costs
Electricity prices in Australia have been steadily increasing, putting pressure on businesses to manage operating expenses. Solar energy provides an opportunity to significantly reduce, if not eliminate, your reliance on traditional energy sources. By generating your own power, you can stabilise your energy costs and reinvest those savings into other areas of your business.
Attract Eco-Conscious Customers
More than ever, customers are choosing businesses that align with their values. By investing in solar energy, you send a clear message about your commitment to sustainability – this can boost your brand reputation, attract eco-conscious clients, and even create new marketing opportunities to showcase your green credentials.
Take Advantage of Government Incentives
Australian businesses investing in solar energy can benefit from various government incentives, such as the Small-scale Renewable Energy Scheme (SRES). These schemes can significantly reduce the upfront cost of installing solar panels, making it an even more attractive investment. Ensuring your business takes full advantage of these incentives is a smart financial move.
Enhance Energy Independence and Resilience
By generating your own solar power, your business becomes less dependent on the fluctuating prices and reliability of the electricity grid. Solar energy, combined with battery storage systems, ensures uninterrupted power supply during outages, which is especially crucial for businesses in regions prone to extreme weather events.
Boost Your Property Value
Installing solar panels is not just a short-term cost-saving measure; it’s a long-term investment. Commercial properties with solar installations often have higher market values and attract tenants looking for energy-efficient spaces. Solar energy systems are a durable asset that can provide financial returns for decades.
How to Get Started
Transitioning to solar energy might seem daunting, but it doesn’t have to be. By working with experienced professionals, you can assess your energy needs and design a solar solution tailored to your business. If your business is located in New South Wales, you can easily find a solar installer in Newcastle to help you make the switch to solar energy seamlessly.
Final Thoughts
Investing in solar energy is no longer just an environmental choice – it’s a strategic business decision. From cost savings to enhanced brand reputation, the benefits are undeniable. By acting now, your business can stay ahead of the curve, reduce its environmental impact, and enjoy a brighter, more sustainable future.
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