Chris Nolte is the owner of Propel Bikes in Brooklyn, New York, a shop that deals in electric pedal-assist bikes or e-bikes. The bikes come in handy when it comes to mountain biking, kid carrying, and even urban commuting as they add a motorized boost when riding. The rider uses less energy when riding the e-bikes as compared to their traditional counterparts.
Nolte served in the military and was present during the 2003 Iraq invasion but came out with a back injury. Being disabled, he decided to venture into electric bicycling to exercise (since he bike-exercised since childhood) and for recreation purposes.
Despite his back injury, Chris would still take on biking, but this time, he had to go for traditional bike alternative. This is where he landed on the electric pedal-assist bikes. He learned that the technology used in the bikes would only demand little energy to ride, making the bike perfect for disabled people. He knew the bicycle would improve his life as he would again see himself riding alongside his friends.
As a quick thinker, he developed a business idea. He thought of filling the gap for sweat-shy commuters and disabled people through selling them the bicycles. He then got a loan of only $20,000, and by 2011, he had sold his first batch of e-bikes. Within just three years, his sales had hit $1 million. In 2015, he started the Propel shop.
Nolte knows that the e-bike industry is still young and growing. He urges perspective entrepreneur to tread carefully with technology so that it does not harm the industry in the long run.
In most cases, people who have a lot tend to forget those who have less especially in today’s world where money and wealth have been equated to power. The world today desperately lacks enough personnel that are among the power elite to carry a torch of change. Nevertheless, there exist a few such as the veteran businessman and a humanitarian, Sir Richard Branson.
Richard Branson is the owner of the Virgin Brand, which has over 360 companies, and he is considered as a mega-success not only in America, but also in the world. At the age of 58, Richard is determined more than ever to leave the world in a better shape for the generations to come. He is now paying attention to mentorship programs for the youth and using avenues available to save lives through his experience, knowledge, human, and financial resource. He recently founded Virgin Unite, a non-profitable organization that plays a significant role in humanitarian activities.
He is not only focused on humanitarian matters, but also on entrepreneurship mentorship programs to help young and old individuals dive into business more confidently. Based on an interview with Steven Bertoni, Branson explained that his intentions were to start entrepreneurship mentorship and help people learn more about risk taking. He revealed that his goal is to make a difference at both the local and international level. With hundreds of companies under his control, Branson is comfortable handling more than one project at a time, and just like he did with his businesses, he is convinced that he will use the same approach to save the world.