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How I Built This with Guy Raz

Edible Arrangements: Tariq Farid

How I Built This with Guy Raz

Guy Raz | Wondery

Business

4.831.1K Ratings

🗓️ 21 August 2017

⏱️ 49 minutes

🧾️ Download transcript

Summary

When Tariq Farid was 12, he emigrated from Pakistan to the U.S. – and quickly found a job at a local flower shop. Eventually he opened his own shop, which eventually led to the crazy idea to make flower bouquets out of fruit. Edible Arrangements has now bloomed into a franchise of nearly 1300 locations with an annual revenue of $600 million. PLUS in our postscript "How You Built That," how the Seattle-based clothing company, Five12, is making athletic wear out of used coffee grounds. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, Prime Members, you can listen to how I built this early and ad-free on Amazon Music.

0:07.0

Download the app today.

0:09.0

New Year's is here, and with it brings the possibility of change.

0:13.0

As one behavioral scientist put it, first starts are really powerful.

0:17.0

So as you head into 2023, LifeKit is a great resource to help you plan your life and tackle changes, both big and small.

0:24.0

Listen to the LifeKit podcast from NPR.

0:30.0

Now remember showing him the brochure, and he looks at him and goes, hmm, interesting.

0:35.0

Why do you think this is going to work?

0:37.0

And I'm like, well, because I see the reaction of the customers.

0:40.0

I think this is great. He goes, does anybody else does this?

0:43.0

I said, no, that's the brilliance.

0:45.0

And he goes, well, if no one else does it, why do you think you will be successful?

0:48.0

So I would encourage you to stick to your daytime job.

0:50.0

You have very successful flower shops. Stick to that.

1:02.0

Brahman PR, it's how I built this.

1:04.0

A show about innovators, entrepreneurs, idealists, and the stories behind the movements they built.

1:13.0

I'm Guy Ross, and on today's show, how Tarek Farid turned flower bouquets into fruit bouquets

1:19.0

and out of that, built a multi-million dollar franchise called Edible Arrangements.

1:29.0

Okay, so say you're an investor, and someone pitches you a concept to sell cool glasses online, like Borby Parker,

1:36.0

or a ride hailing app, like Lyft, or even a new type of women's undergarment, like Spanx.

1:43.0

You could imagine thinking, yeah, this might have a chance of taking off, right?

1:49.0

But what if someone pitched you a business idea to take canelope and pineapples and strawberries,

...

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