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Episode 260: Mika’il Naqvi – Teen Entrepreneur, Co-Founder of Ornament Anchor

Mika’il Naqvi, the Co-Founder of Ornament Anchor, joins the show to share his journey from class project to building a multimillion-dollar business and appearing twice on Shark Tank. Hear how to utilize early feedback from customers, get into major retailers, start a business with your family, run a seasonal business, and the ice cream flavor he can’t resist. This episode covers everything from being on TV to XXXTentacion. Here’s a small sample of what you will hear in this episode:

• Where does Mika’il’s family’s entrepreneurial spirit come from
• What were the first steps they took to start the business
• Where did the charity aspect of the business come from
• What did Mika’il learn from Shark Tank
• How did his friends at school react after his appearance
• Tangents
• What’s a weird talent Mika’il has
• Creed

Connect with Mika’il on Amazon, OrnamentAnchor.com, and TikTok @OrnamentAnchor.

Enjoy the shoooooow! Check out the show notes below for much more detail. You can also find the full transcript here.

Show Notes

• Intro & Entrepreneurial Family
  • [0:28] Email me at max@maxpodcasting.com to save time with your high-quality podcast and use it as a business-building tool
  • [0:38] Connect with Mika’il on Amazon, OrnamentAnchor.com, and TikTok @OrnamentAnchor
  • [2:32] Where does his family’s entrepreneurial spirit come from
  • [3:11] What kind of a furniture business did his family have
  • [3:29] When was the first time he heard of entrepreneurship
  • [4:15] What did Mika’il’s mom sell on Etsy
  • [4:39] Does his dad have an entrepreneurial side of him
  • [4:58] Hedge Fund

• The Ornament Anchor Story
  • [5:42] Where did the idea for Ornament Anchor come from
  • [5:51] Invention Convention
  • [6:59] What did Mika’il do to convince his brother to start the business with him
  • [7:23] What were the first steps they took to start the business
  • [7:26] SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
  • [8:00] Patent Search
  • [9:08] Profit
  • [9:55] What was the early feedback from consumers
  • [11:14] Facebook Ads (Meta Ads)
  • [11:51] Where did the charity aspect of the business come from
  • [12:29] North Shore Animal League America
  • [13:02] How does it feel to give back
  • [13:26] Lowe’s
  • [13:42] How do you get into major retailers
  • [16:18] Target, PO (Purchase Order)
  • [16:31] Zoom
  • [16:55] What did Mika’il learn from Shark Tank
  • [19:32] How did his friends at school react after his appearance
  • [21:14] What did Shark Tank do for Ornament Anchor
  • [21:44] Black Friday
  • [21:52] Networking
  • [22:32] Shark Tank Reunion
  • [24:18] Such an honor speaking at Podcast Movement ’23 in Denver! Sign up to grab the slides from my session at MaxPodcasting.com/PM23
  • [24:20] Sign up for the Podcasting to the Max newsletter at MaxPodcasting.com/Newsletter and receive How to Edit Your Podcast in Audacity
• Inspiration & Creativity
  • [25:16] How does Mika’il manage work-school-life balance
  • [28:58] Tangents
  • [29:08] How do you run a seasonal business
  • [29:30] Super Bowl
  • [30:07] Christmas in July, QVC (Quality Value Convenience)
  • [30:31] PR (Public Relations)

• The Unusual
  • [32:14] What’s Mika’il’s biggest pet peeve
  • [33:28] What’s a weird talent he has
  • [34:07] Trade Shows
  • [34:28] What’s a quirk Mika’il has
• Rapid-Fire Q&A
  • [35:35] What single ice cream flavor would Mika’il eat
  • [36:24] “RIP Roach” by XXXTentacion, DMX
  • [36:42] Kudo Banz
  • [36:55] What’s the biggest thing Mika’il learned from their previous businesses
  • [37:35] What do he and Ayaan argue about
  • [38:20] Creed
  • [38:40] Spotify, Creed II: The Album
  • [39:02] Connect with Mika’il on Amazon, OrnamentAnchor.com, and TikTok @OrnamentAnchor
  • [39:27] What are Mika’il’s Final Thoughts
  • [40:15] Follow the Wild Business Growth Podcast and tell a friend about the podcast. And show love (or roast me) by leaving 5 stars on Apple Podcasts and/or Spotify
  • [40:25] Check out the Wild Business Growth Podcast on Goodpods, where you can see what your favorite people are listening to
  • [40:29] Connect with me on Instagram, Twitter (aka X), and LinkedIn @MaxBranstetter
  • [40:33] Save time with your high-quality podcast. Email me at max@maxpodcasting.com to bring your podcast to life and use it as a business-building tool
  • [40:37] Sign up for the Podcasting to the Max newsletter at MaxPodcasting.com/Newsletter and receive How to Edit Your Podcast in Audacity
  • Theme music: Freestyle Percussion Magik – “Jungle Tribe” – provided by Jamendo

What is the Wild Business Growth Podcast?

Wild ideas. Wild growth. Every Wednesday morning a new entrepreneur joins the Wild Business Growth Podcast to share the wildly creative and unusual ways they grew their business – and teaches you how to do it, too. Hear the minds behind WordPress, Stacy’s Pita Chips, Drybar, NFL RedZone, Big Mouth Billy Bass, the voice of Bart Simpson, and more Wild stories. Hosted by Max Branstetter (that’s me), Founder and Podcast Producer at MaxPodcasting.

How do you start a podcast?

Interested in starting a professional-sounding podcast for your brand, but don’t want to deal with the time commitment of all those behind-the-scenes details? I’ve got you covered. Email me at max@maxpodcasting.com to save time with your high-quality podcast and use it as a business-building tool.

Thanks for listening to Mika’il Naqvi on the Wild Business Growth Podcast. To hear more Wild stories like this one every Wednesday morning, follow the Wild Business Growth Podcast and tell a friend about it. Until next time, Let your business Run Wild…and Bring on the Bongos!!