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Entrepreneur Blake Mycoskie talks about the success of his shoe company TOMS in growing as a business while helping children in need.
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Today welcomed at Thomas Blake my costs he has created a shoe company with eight million in annual sales and a mission to help the poor here.
For every pair of Tom sold the privately held company donates one to a child in need.
But equally important to the idealistic entrepreneur.
Is how we treats his employees.
Our lifestyle you know it's bombs and mines personally is more about ballots -- money is imported -- like it's not imported.
But it's it's on the hierarchy of needs -- is definitely not one or two I mean one or two is heading meaning your life.
You know being -- filled with loving relationships.
On there one year anniversary employees are invited on shoe drops to places like Argentina Honduras or Ethiopia.
To put shoes on children's feet -- experienced firsthand the company's giving pledge.
We're not created to just you know work.
Ninety hours a week for something they didn't connect here -- partners soul -- -- value.
About the company has given away about a million shoes since it was founded twelve years ago.
For -- cost eBay giving pledge is more than a marketing gimmick.
He says you can build a successful company and give back without losing your competitive edge when.
Profitability elected you know long term sustainability.
The employees that are committed to long term vision and sustainability company are always gonna outperform someone -- just work focus on the next quarter.
My Cosby says a lot of business school graduates are more focused on making money than doing something meaningful Brothers.
I started several different companies in my early -- And I met some great mentors some very successful.
The billionaire entrepreneurs and what I it's all in their life that they -- most proud of and most excited about was their philanthropy.
His giving back model resonates with retailers.
Trendy LA boutique American -- was the first store in the country to carry his shoes which cost about 54 dollars a pair.
People pulling -- the story now I mean that comes as everywhere so we sell and mean.
At least like five shares a day.
The issue campaign has been so successful Toms has branched out -- sunglasses.
For each pair sold corrective surgeries are glasses are donated to those in need to.
-- may not be your typical company that my costs he hopes others will see things through his eyes.
In Los Angeles a corner Fox Business Network.
