![]() ![]() Learning is the best way to continue to grow your business, McCormick says: "Your business will end up demanding a bunch of different skill sets, and I think it's all just breaking them down, taking classes, and learning them yourself. Even after successfully developing the Bite toothpaste formula, McCormick is still taking advantage of free courses online, like an accounting and finance module she recently completed on YouTube. She took free online classes through the University of Phoenix and Massachusetts Institute of Technology. in organic chemistry, here's how you take it for free." "I found this page that a user put together that was like, if you want to take chemistry classes all the way from senior year of high school to Ph.D. Reddit was a surprisingly helpful resource: "I feel like it's like a business built on Reddit," she says. A combination of networking and free online courses helped her get up to speed in a way that didn't break the bank. But she didn't let the learning curve didn't deter her. McCormick set out to formulate a sustainable toothpaste with "clean" ingredients, despite having no formal chemistry training. Even without Cuban's investment, though, business has been booming and McCormick attributes much of Bite's success to keeping costs low. connections for our finance and revenue accounting departments. McCormick and her co-founder and boyfriend Asher Hunt ended up turning down Cuban's offer of $325,000 for 15% of their company, because they were only willing to give up 7% of their equity. Bokksu, Who Gives A Crap, Billie, and Bite Toothpaste Bits rely on Recharge daily to. She even landed an investment offer from Mark Cuban on ABC's "Shark Tank" last March. Within a few years, McCormick has turned that $6,000 into a multimillion-dollar business. "It was like any of the money I would've used for something fun was now being funneled into my business." "I didn't have much money," McCormick says. In 2016, she spent $6,000 of her own savings to start Bite, a vegan, zero-waste toothpaste tablet company. More from Grow: 3 rules for choosing long-term investments when markets are up How to 'grow your wealth with every paycheck': Money expert Don't make this mistake with your emergency savings account, says wealth manager So she decided to formulate an alternative. "Every year, more than 50 Empire State Buildings worth of toothpaste tubes end up in landfills or oceans," McCormick says. ![]()
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