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|Articles - July/August 2012|
|Monday, July 09, 2012|
BY JON BELL
He runs a successful business growing and selling exotic coral from around the world. He gets fabric from China and has it sewn into cloth flowerpots at a factory in the Philippines, which he then imports and sells nationwide. And yet 26-year-old Ian McMenamin failed his international distribution class at the University of Oregon three times.
“My real effort was with my businesses outside,” says the recent graduate of the UO’s business program and an inveterate entrepreneur. “My businesses are my life.”
Raised in affluent Marin County, Calif., McMenamin was 13 when he started working at a pet store that had an amazing saltwater fish tank. Well-heeled customers would roll up in fancy cars to buy exotic — and expensive — coral.
“I fell in love with the tanks and with that lifestyle,” McMenamin says. “I knew that’s what I wanted.”
It took some time, but eventually McMenamin was not only selling coral, but was learning to grow it himself. When it came time to look for a business school, McMenamin headed to Eugene in part for its lower overhead costs and cheaper water to grow his coral. Today, with his company Anything Coral, McMenamin grows all his own coral in 15 8-foot tanks in the basement of an apartment building. Coral prices range from $5 to several thousand dollars per piece, and he has wholesale distribution hubs in four U.S. cities.
McMenamin’s latest endeavor is a cloth flowerpot company called Yield Pots. Backed by a private investor, McMenamin found traders to work with in the Philippines who helped him source materials and find workers to sew the pots, which have become popular with nurseries and hydroponic growers. He did an initial run of 20,000 pots and a second of 80,000. The pots are now in 60 stores across the country, and McMenamin is working on a third run of 160,000 units. He’s also got another gardening product in the works.
If it all seems like a little too much work to fit into a single day, that’s because it almost is. McMenamin says he’s always working and only sleeps about five hours a night. But that’s just how he likes it.
“I hustle as hard as I can,” he says, “because I don’t ever want to look back and think about a time in my life when I was slacking.”
Friday, July 10, 2015
BY LINDA BAKER
Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened its third Portland store in the Cedar Mill neighborhood this year; another outpost in Bend broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.
Wednesday, June 17, 2015
Wednesday, July 15, 2015
We asked readers to weigh in on the fossil fuel-green energy equation.
Friday, July 10, 2015
BY AMY MILSHTEIN
When gossip crosses the line.
Wednesday, July 15, 2015
Oregon's roads are crumbling, and revenues from state and local gas taxes are not sufficient to pay for improvements. We asked readers if the private sector should help fund transportation maintenance and repairs. Research partner CFM Strategic Communications conducted the poll of 366 readers in February.
"I feel private enterprises are capable of operating at a higher efficiency than state government."
"This has been used in Oregon since the mid-1800s. It is not a new financing method. This form of financing may help Oregon close its infrastructure deficit by leveraging funds."
Friday, July 17, 2015
Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner. The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.
Wednesday, June 24, 2015
One year after he was appointed chair of the Portland Development Commission, Tom Kelly talks about PDC's longevity, Neil Kelly's comeback and his new role as Portlandia landlord.
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|The Private 150: From Strength to Strength|
|Flattery with Numbers|
|Preserving the Legacy|
|Downtime with Debra Ringold|
|Farm in a Box|
|Portland fireworks hotline overloaded by call volume|
|Rolling Stone magazine sued by UVA frat brothers|
|'Kayaktivists' hang from St. Johns Bridge to protest Shell Oil ship|
|Legal pot sales to start Oct. 1 in Oregon|
|Best Buy will sell Apple Watch, is hoping it boosts sales|
|Biologist estimates 80% of sockeye population could die due to hot water|
|Fiat Chrysler must offer to buy back 500K Dodge Ram trucks|
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