Dele Olaewe, local business owner of Cure Sports, LLC – an apparel decoration company, came up with the idea and concept for Recovering Failure Inc. after numerous rejections from many financial institutions including government run programs due to poor credit status. Hearing about other small businesses in similar situations Mr. Olaewe decided to create a solution.
Mr. Olaewe found out that every profit made on an order had to be spent in many ways as part of reinvestment. Even depleted office supplies are hard to replenish and often have to be less prioritized over other pressing needs. Mr Olaewe also noticed that some of his customers were in the same situation which made it more difficult to buy branding apparel as they put it on low priority despite knowing how necessary it is. There’s always a need for small business items that are essential to Cure Sports growth and if those items could be obtained for free or donated it would allow reinvestment in other high priority business needs.
This situation led Mr. Olaewe to determine that if he can donate some of his extra apparel to other struggling small businesses to help with their branding cost, it would allow them to buy it while still fulfilling other bill payment or reinvestment. And that if his small company can afford to donate his excesses, other bigger and thriving businesses can do the same. As a determined entrepreneur, dedicated to the success of his small business, Mr. Olaewe had to take on a full time 3rd shift employment to subsidize and maintain his company. Many other struggling small business owners have other jobs in addition to running their businesses. Talking to many of these small businesses while prospecting, Mr. Olaewe finds that there’s a need for donated business items that would be useful and helpful to the business bottom line.
The goal of Recovering Failure Inc is to help local small and struggling businesses with needed donated items from bigger and thriving local businesses and as part of one business village dedicated to helping each other thrive.