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  • Inc.

    WHEN CHEAP HAS A PRICE

    Mar 15, 2022 5 minutes

    Big Ass Fans founder Carey Smith led the fan and light maker from $0 to its $500 million sale. He started working at age 9 and has never stopped. His “secret” to success is common sense, and he’s happy to share it. His firm, Unorthodox Ventures, focuses on finding small companies with big potential.

    A wise man once said, “’Tis better to distribute your eggs into several baskets than to put them all in one”-or something to that effect. And that’s especially true if your only basket is 7,000 miles away in a country that could quite fairly be described as hard-line.

    You’d think it would be obvious that sourcing your product, or major components of it, in China would eventually lead to trouble. Yet a lot of businesses continue to rely on contract manufacturers in far-flung lands to churn out and ship parts

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