How SoaPen Plans To Save 1 Million Children A Year, With Forbes 30 Under 30 Amanat Anand

1.5 Million children die each year due to diarrhea. Proper handwashing with soap can prevent over two-thirds of those deaths. Amanat Anand didn't know that she wanted to be an entrepreneur, but when she came across this statistic she instantly knew what she wanted to do. She entered a business plan competition with a simple idea. Children need access to soap and a reason to wash their hands consistently. By making their products affordable and fun to use for kids, SoaPen can accomplished both goals. In this episode we learn how Amanat and her co-founder Shubham, both voted Forbes 30 Under 30, focused on being relentlessly resourceful in their first year of operation to secure funding, develop their chemical formula, and refine the supply chain process for their soap concept. We cover how they were able to quickly sell over 100 units of their product, leading them to their first major production run of 10,000 units. We also discuss how the first time entrepreneurs think about team dynamics, from dividing responsibilities and roles, to refining their decision making process to stay on track. If you're interested in physical product businesses with a social good component, this interview is the ideal case study for how to approach the first few years of building this type of company, from ideation to execution. See acast.com/privacy for privacy and opt-out information.

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