Accounting Customer service Hiring & human resources Legal Management Raising money Sales & marketing Selling a business Startup Technology Innovation Nation Small & Global How We Got Started Owner Tested Tech Edge Best Bosses Next Little Thing Startup Showdown

A furniture biz starts from scrap

A head injury turned Carlos Salgado into an entrepreneur.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

desk.03.jpg
Photos
6 companies born during downturns
Think a recession is a bad time to start a company? Imagine if the founders of these major corporations had thought the same...

(Fortune Small Business) -- Some people need a kick in the pants before they change course. For Carlos Salgado, 41, it took a knock on the head.

In 1998, the art handler and sculptor was working at the Guggenheim Museum SoHo in New York City. One moment he was disassembling a 400-pound steel sculpture by Italian artist Fabrizio Plessi; the next he was lying on the floor. Part of the massive artwork had fallen on his head.

Healing was a slow process. Fighting his workers' comp case was an even slower one. Salgado was relegated to his couch, where he found himself devouring books on furniture design and mulling a career change.

By the time he'd healed from the accident, an entrepreneur was born. Salgado got together with fabricator Bart Bettencourt. Together they hatched a plan: Turn salvaged scraps into sophisticated furniture.

The partners called their fledgling company Scrapile. In 2003 they unveiled their laminated-wood creations at two design shows before they even had a business plan. When orders started piling up, they had to develop an efficient production strategy, and fast.

"Our initial products were too labor-intensive," Salgado recalls. Advice from fellow artisans streamlined their method for assembling scraps into large planks.

Last year Scrapile brought in $80,000 in revenues. Now the company hopes to expand by repurposing waste streams from manufacturers of crystal, ceramics and glass.

The Future Perfect, a design store in Brooklyn, has carried Salgado and Bettencourt's furniture since the beginning. Owner David Alhadeff is impressed with the company's evolution so far.

"They have gone from offering a simple form made out of very beautiful material to making one-of-a-kind, gallery-worthy objects," he says.  To top of page

To write a note to the editor about this article, click here.

  • retirement_nest_egg.ju.04.jpg
    Entrepreneurs are turning to the piggy bank of last resort: IRA and 401(k) funds. More
  • richs_food_liquor2.04.jpg
    45,000 businesses closed their doors in 2009 - including some that survived a century.  More
  • pile_money.ju.04.jpg
    CDFIs have been a rare bright spot in the grim small business loan market. More
  • pj_ryder.04.jpg
    One bar owner's tale of the scary path to profitability. More
  • robot_wheatley.04.jpg
    Want jobs? Make it easier for entrepreneurs to move to the U.S. and create them.  More
  • terrafugia.04.jpg
    Entrepreneurs have dreamed of sky cars for 80 years.  More
  • andrew_reixinger.04.jpg
    GM and Chrysler will field appeals from 2,000 shuttered dealerships.  More



QMy company is insolvent and dissolving. I know there's potential for my credit card company to serve me with a lawsuit if I am unable to commit to a payoff plan. Can my employees also be held liable?  More
Get Answer
-Becky, Birmingham, Ala.

Sponsors
More Galleries
Buy Scarlett Johansson's hilltop manse Even starlets are subject to the faltering real estate market. Just three years after buying her Los Angeles home, Johansson is selling it for $2 million less than she paid. More
5 sages read the future of print What becomes of the printed word? What's the fate of companies that produce periodicals and books? Here's what 8 media and tech luminaries think. More
I stopped looking for work The number of discouraged job seekers is at an all time high. These readers tell us what it's like to give up on the job search. More

© 2010 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Copyright © 2010 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.