Toms is one of the most well known cause driven companies in the last couple of years. The company was founded by Blake Mycoskie, an American entrepreneur who hails from Arlington Texas. He went to Southern Methodist University in Dallas and studied philosophy and business. He initially went to SMU on a partial tennis scholarship but an injury lead that to be cut short and he focused on his studies instead. Right after he graduated he proved his entrepreneurial skills by launching a college laundry service called EZ laundry. This was just a stepping-stone. By the way, EZ laundry generated $1 million in sales.
Next, he launched a marketing and media company that was sold only nine months later after its rapid growth. To add to this mans interesting life, him and his sister competed on the popular TV show, The Amazing Race and placed third. After an inspiring and eye opening trip to Argentina in 2006, he created TOMS. As most know, TOMS is a company built on the one for one business model, meaning they would donate a pair of shoes for every shoe sold. By 2013, the company had donated 10 million shoes to people in need.
Clearly, Mycoskie’s values were influenced by his initial trip to Argentina. He realized that his skills in entrepreneurship and business could be used for more than just personal gain and profit. He took what could have been a business venture and made it into something far more significant. Mycoskie has won numerous awards and accolades for his work with TOMS including Fortunes 40 under 40 list, and People magazine’s “heroes among us” issue. I chose this profile because TOMS has become so popular. In addition, this profile is a lesson that businesses have the power to do so much good in this world. When a company is run the right way, there are endless possibilities for how they can change the world for the better.