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Join "Faces"
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welcome alumni of all ages and stages interested in joining the "Faces
of Wharton Entrepreneurship."
To get started, simply email
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TEACHING
Feature:
From All Corners of Campus
OUTREACH
Feature: Entrepreneurial
Training Camp
Which
Fast-Growing Private Company Is #1?
Faces
of Wharton Entrepreneurship
RESEARCH
Feature: Visiting
Scholar to Business Leaders: Consider "Learning from Near Misses"
Verbatim:
Our Directors, in Quotes
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Ron
L. Wilson, II

CEO and
co-founder
Personal
Information
Company
name /type: Big Bang Products, LLC
Education: MBA, Wharton School at the University of Pennsylvania
and B.S., Industrial and Systems Engineering, Virginia Tech
Primary place of residence: Baltimore, MD
P.O.V.
(Point of View)
I
became an entrepreneur because: I wanted
to do what I enjoy and free myself from the bureaucracies of the corporate
world.
Best way to respond to criticism and doubters: Dont.
Prove them wrong with your actions and results.
Best definition of a successful entrepreneur: Someone who has
created an organization that can continue to survive and flourish without
them.
Most challenging part of your job: Managing cash flows of a
retail business that is winter product driven.
Biggest impact of the Wharton School: The people. Cofounder
of Big Bang, Brian Le Gette, is a fellow Wharton Graduate. Most of our
initial investors were Wharton Students. Today, we have two other Wharton
Graduates: John Touchton, Jr. (WG 95) and Ray Bank (WG 85)
on our Board of Directors.
Best memory of your Wharton days: Pub on Thursdays.
Close
calls
How
you started your business: Brian Le Gette (WG
95) and myself developed an earwarmer that wraps around the back
of the head (marketed under the 180°s and Eargrips) while at Wharton
with a $5k investment. We sold about 1000 units on campus while conducting
market research on the product in 1994.
Pivotal moment in growing your business: Airing the product
on QVC (West Chester, PA) in 1995. We sold about 7,000 units in 6 minutes
and went on to sell almost 50,000 units in our first season.
Most interesting non-entrepreneurial job offer youve declined:
Thats an oxymoron: interesting and non-entrepreneurial.
Biggest surprise you encountered growing your business: By
the time we have reached significant plateaus (for example, $1 million
in revenues, $10 million in revenues, or selling for the first time to
a top retailer), I have spent so much time planning beyond that point
that it does not feel like a particularly big event. In the entrepreneurial
world, I have learned very quickly not to rest on our companys laurels.
Most difficult decision youre glad you made: Starting
an entrepreneurial venture right out of Wharton. I gave up pursuing a
summer internship and spent what little money I had saved on pursuing
the development of our product and business. For several years beyond
Wharton, we made sacrifices of time (long, long hours) and money (paltry
salaries) to make the business viable.
Entrepreneur
to Entrepreneur
Favorite
Web site: ESPN
and Hoovers
Book that most influenced your thinking: Swoosh : The Unauthorized
Story of Nike and the Men Who Played There. This book in particular
gave me a perspective on all the trials and tribulations that a successful
company experiences during its growth. Reading and absorbing the events
depicted in this book has allowed me to take more of our difficulties
and setbacks in stride.
Favorite activity outside of business: Basketball. Big Bang
plays every Wednesday night in a gym we rent out.
Goal still pursuing: making 180°s and Kelysus household
brand names ala Nike, Adidas, Coleman, etc.
Person most influential to your success: Brian Le Gette. Having
a partner with mutual goals, but different talents and perspectives has
had an enormous positive influence on my success.
Person you most admire: Ben Franklin, the guy did it all.
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