Tuesday, June 8, 2010 Business
"You only fail if you allow yourself to fail."
— Tom Szaky

As Good as New

As Good as New
As many great companies do, this one started in a dorm room. Yet the light-bulb idea that emerged from these tight living quarters was... collecting trash? TerraCycle, founded by Tom Szaky, is a company that "upcycles" waste into affordable, eco-friendly products ranging from worm-waste fertilizer to messenger bags and school supplies. A company that has mobilized over 10 million people to collect trash, diverted over 1.9 billion units of waste from landfills, boasted a revenue of $7.5 million, and donated $1 billion to schools and nonprofits, Terracycle's road to success was a result of hard work, persistence, and the courage to take risks. A college drop-out with nothing but a firm belief in his vision, Szasky recalls, "In those early days, no one returned my phone calls. I would literally be laughed at when I tried to call retailers to sell them my fertilizer." But today, nothing is impossible. Szaky resolves, "I hope in five years from now there will be a TerraCycle upcycling bin in every school, church, and retail location in America!"

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