Brothers go from selling T-shirts in dorms to multimillion-dollar business
'I think it's a timeless idea that optimism is powerful,' Life is Good co-founder Bert Jacobs said
Life is Good co-founder and CEO Bert Jacobs discusses how hearing from people who faced adversity helped him transform a business idea into a multimillion-dollar company.
It turns out the key to a $100 million lifestyle brand was a mother's positive outlook on life.
One of the two founding brothers, Bert Jacobs, spoke to FOX Business' Connell McShane on Wednesday about how their company Life is Good formed.
TECOVAS: A COWBOY BOOT FOR EVERYWHERE AND EVERYONE
John Jacobs (left) and Bert Jacobs (Jacobs)
"We actually grew up in a household with a lot of dysfunction and two good parents, but they really both struggled with depression," Jacobs said on "Cavuto: Coast to Coast." "While our father had a hard time kind of ever finding peace with himself ... our mom's coping mechanisms were fantastic."
Jacobs recalled when his mother's dinner ritual where she would ask: "Tell me something good that happened today?"
MARK CUBAN: ACHIEVE SUCCESS LIKE A SHARK
"It got us focused on what's right with our lives rather than what's wrong with our lives."
Bert Jacobs and his brother John Jacobs graduated from college and "had five years of bad ideas."
But then they started hawking T-shirts in downtown Boston streets.
John and Bert Jacobs selling T-shirts on the street (Jacobs family)
"We were also selling door-to-door in college dormitories up and down the East Coast," Bert Jacobs recalled.
THIS VETERAN BUSINESS OWNER WANTS TO 'PUT A FLAG IN EVERY AMERICAN'S HAND'
Bert Jacobs said it was their mother's inspiring dinner routine that really took their side hustle to the next level.
"We did what you do in Boston when you're trying to figure something out," Bert Jacobs said. "We had a good, old-fashioned keg party."
Bert Jacobs said his brother John Jacobs drew a smiley face on the wall which they boiled down to be the logo of their brand Life is Good.
CLICK HERE TO READ MORE ON FOX BUSINESS
"Two days later, we sold 48 T-shirts in 45 minutes."
Their business exploded, and something unexpected happened along the way.
"We started to hear from people who face tremendous adversity in their lives, and they really surprised us by being the ones who embraced it the most," Bert Jacobs said.
LIFE IS GOOD RAISES $9M FOR KIDS IN NEED
Bert Jacobs said it was those people who inspired them to form a kids' foundation.
For every $10 they make in profit, $1 goes to help children suffering from violence, illness or trying to overcome poverty.
"I think it's a timeless idea that optimism is powerful," Bert Jacobs said.
GET FOX BUSINESS ON THE GO BY CLICKING HERE