Financial Services Industry
Industry: Email Alert RSS FeedFrom Rags To Riches - Brief Article
Kiplinger's Personal Finance Magazine, Nov, 2000
Name: Eduardo Barea, 40, Miami, Fla.
Achievement: Founded Ibiley School Uniforms, which now supplies more than 300 schools across the country.
Signs of success: In 1999 Ibiley had revenues of $9 million, of which Barea donated the equivalent of 5% to supply uniforms to inner-city children.
How he did it: Born in Havana, Barea immigrated to Miami from Mexico in 1983 and lived in his uncle's garage while studying English. When Dade County began considering uniforms for public school children, he beat a path from PTA meeting to PTA meeting to sell the idea.
Lesson learned: "Before you start, have enough to support your family for six months," says Barea. "Then be willing to work 12 to 16 hours a day to make your idea work."
Most PopularCBS MoneyWatch.com Articles
Next goal: Expand beyond the classroom. Ibiley has won a contract to supply uniforms for Burger King.
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics


