World Bytes: Athletic Socks – a Case Study of Entrepreneurship

By Terrance Malkinson

Gus Gaynor’s Doing Innovation IEEE-USA eBook series on includes the titles: Perspective on Innovation, Develop a Workable Innovation Process and Fostering an Innovative Culture. In his most recent and fourth eBook in the series, What It Takes to Be an Innovator, Gaynor describes important requirements that innovators must possess, including skills, attitude, knowledge base and ability to overcome challenges.

Doing innovation happens when freedom is allowed. With discipline, a formal but not rigid process exists for introducing new products and services, and when innovators meet the skills, characteristics, attitudes and knowledge to satisfy the requirements for potential innovation.

The optimal process for stimulating creativity, growing an original idea into new information, a new product, or a service of value is a fascinating topic on which many people have devoted considerable thought for many years.  We may never understand fully what the spark is that ignites the process.  It is clear however that success is facilitated by a prepared mind, a keen sense of observation, a belief in oneself, and the courage to persist in spite of seemingly insurmountable obstacles ” all topics discussed by Gaynor in his innovation eBook series.  Following is a brief case study which describes, in the entrepreneurs’ own words, one success story that embodies these requirements.

Case Study: Ponos Apparel

The start-up, Ponos Apparel [www.ponosapparel.com], founded by Attila Nadori, Josh White and Scott Peris, brands high-performance athletic socks for high schools, club programs, colleges and universities. Scott Peris met Josh White during their playing days at SAIT Polytechnic (Calgary, Canada). Josh later went on the lead Mount Royal University to the CCAA National Basketball Finals and is now in his first year of Medical School at the University of Calgary. Attila Nadori and Scott Peris met as students at the University of Victoria. Attila is now completing the last semester of his master’s degree in sports management at NYU.

Athletics has experienced a paradigm shift recently, and athletes are increasingly concerned with their image. Our company, Ponos Apparel, uniquely brands teams with a consistent clothing professional appearance. Ponos was the Greek God for hard work and is a reflection of the product we provide. Our company believes in providing a durable garment. Very quickly we have achieved market success; working with NCAA, CIS and CCAA teams across Canada and the United States. We are aggressively expanding into new markets with athletic apparel innovations.

We courageously walked into Athletic Directors offices pitching our leading product idea ” branded socks. Once we gained interest, the next step was to move forward with a tangible sample that people could see. We located a manufacturer who shared our vision of a quality product and after several weeks had three samples. With these samples in hand we connected with former coaches, players, friends, and anyone who was involved in the athletics community ” face-time with coaches, athletic directors; in fact anyone who would sit down with us. This endless persistence has been the catalyst for a promising start.

Our company feels strongly about social welfare and giving back to the community. As our company grows we feel it is pertinent to our success to be entrepreneurial leaders giving back with a social emphasis to local communities. As a start-up we look forward to evolving our e-commerce platform to eventually enable a hassle free experience. During the next 18 months we are aggressively looking to explore new challenges to help evolve our company into a prominent sock apparel brand in the global economy.

The story of Scott, Josh and Attila is not unique in the sports world. Many successful enterprises fulfill a need that retrospectively seems so obviously needed ” yet no one saw or pursued the gap.  There are many examples of people who saw a need and moved quickly to fill the need:

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