This entrepreneur, after being repeatedly laid off, decided to start his own online business to gain control over his income. He started with online advertising and eventually learned to code, creating simple websites that generated revenue. This led him to buy and develop more websites, eventually focusing on acquiring and developing premium .com domain names.
Peter Maldonado's pivot from bankruptcy to building Chomps, a meat stick brand nearing $500 million in annual revenue, underscores key lessons in entrepreneurship. By focusing on one core idea, creating products he wanted to see in the market, and strategically partnering with retailers like Trader Joe's and Whole Foods, Maldonado turned a side hustle into a thriving business.
Starting a startup requires deep expertise in a problem and the ability to build a solution, whether through tech or distribution, so you should gauge your unique advantages and your desired outcome.