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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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