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Babson College
MBA Business Lazybones Wins Babson College Business Plan Competition
May 24th, 2009
Babson MBA student business Lazybones, a laundry delivery, dry cleaning, and storage service for college students, is winner of the 2009 Douglass Foundation Entrepreneurial Prize Competition at Babson College. Lazybones, presented by Babson MBA candidates Dan Hermann and Joel Pedlikin, currently generates more than $1.2 million a year in revenues and 20 percent net profit margins. Lazybones plans to achieve explosive growth by franchising the business, increasing its revenues tenfold during the next five years. www.lazybones.net First runner-up is K. Guillard, presented by MBA candidate Katie Fink. K. Guillard -- Custom Apparel for Every Unique Woman...
Source: Pharma Investments, Ventures & Law Weekly (2009-05-24)
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