Madi Smyser, Madi’s Munchies

“The joy of success will outweigh the disappointment of failure.”

-Madi Smyser


Me want cookie! ~ Cookie Monster

If we’re honest – really honest – we would admit that there is a little bit of Cookie Monster in all of us. And let’s be real, there have been times when, like the Cookie Monster, all we can muster are three simple words… me want cookie!

But what if you could squelch that cookie craving with a Texas Two-Pound Chocolate Chip Cookie that’s the size of your face?

Yes, please!

Whether you have a hankering for a colossal two-pounder or a craving for a more unassuming dozen, Madi Smyser of Madi’s Munchies can take care of your inner Cookie Monster.

Madi’s Munchies is a fabulous little cookie haven in Austin, Texas, that provides a respite for those struggling with an uncontrollable cookie craving. But what makes Madi’s Munchies different from any other bakery, aside from the obvious two-pounder? Madi, the founder and CEO of Madi’s Munchies is a 17-year-old who just completed her junior year at Vandegrift High School just outside of Austin. You read that right. The mastermind behind Madi’s Munchies and the gargantuan two-pound cookie is a high school student.

And it all started with a case of the munchies – Madi’s munchies. During the fall of 2016, Madi hopped into the kitchen to whip up a batch of homemade granola bars to pack in her lunch. With a little bit of this and a little bit of that, the end result was a mighty tasty bar. Madi wasn’t the only one whose taste buds did flips for the bars. Others liked them too. In early 2017, as any budding entrepreneur would do, Madi started selling the bars in her neighborhood.

But what do people like even more than made-from-scratch granola bars? Cookies. Folks really, really like homemade cookies…fresh-from-the-oven homemade cookies, to be more specific.

Madi adjusted her entrepreneurial focus to baked cookies. On random Friday or Saturday nights, she would bake and hand deliver warm, chocolate chip cookies to the cookie-craving folks in the neighborhood. And thanks to the wildfire, word-of-mouth effect of Facebook, folks actually started tracking Madi down for her cookies. It was kind of like a modern-day, viral Where’s Waldo hunt. Well, except it was Madi and not Waldo and instead of a “woohoo I found Waldo” it was a “woohoo I nabbed hot, fresh chocolate chip cookies.”

Madi was on her way to being a bonafide cookie-baking aficionado. She knew what her customers liked and she had a solid customer base. But could she do more? That was the $100,000 question.

In August 2017, Madi accompanied her dad to the Success Summit real estate conference where renowned real estate coach and speaker Tom Ferry was the keynote speaker. During a Q&A session with Ferry, Madi asked some general business questions concerning her cookie-baking business. Ferry provided some insightful thoughts, but also offered up a challenge. If Madi can sell $100,000 of cookies and other baked goods by the 2018 Summit gathering and keep up her grades in the process, Ferry said he would give Madi $5,000. He would give her $1,000 at the $50,000 sales mark and the remaining $4,000 when she hit $100,000.

The challenge was accepted.

And it just so happened, someone from Tom Ferry’s inner circle had a close connection to a producer for the the Rachael Ray Show. Madi took Ferry’s advice to heart and sent a package of cookies to New York for the producers to try. On November 9 a head producer of the Rachael Ray Show contacted Madi. She provided footage of actually whipping up a batch of Madi’s Munchies cookies and the segment ultimately aired on the Rachael Ray Show on December 4.

The accolades continued. A couple months after her debut on the Rachael Ray Show, Madi received second place recognition in the third annual Baylor Youth Entrepreneur Awards. Through this program, Baylor’s Baugh Center for Entrepreneurship and Free Enterprise recognizes young entrepreneurs from across the country and provides these students with an opportunity to network and explore options as they pursue their entrepreneurial dreams.

Growing a successful business so quickly certainly came with an array of challenges. In order for Madi to have the type of business she wanted, access to a commercial kitchen was imperative. She tried out a couple of different kitchens, each with different issues and idiosyncrasies before she finally settled on the one she is currently using. She had to decide what exactly she needed in a kitchen before she could choose the right one.

The next hurdle was finding the time and money for all of the certifications, permits and licenses required to sell baked goods on a larger scale. Prior to the agreement with Ferry, Madi operated business under the Texas Cottage Food Industry Laws, which allowed for baking to be done in a house. Madi could also sell directly to customers with only a Food Handler’s certification. Madi’s Munchies outgrew that, and Madi had to obtain a Food Manager license accompanied by other permits and routine inspections.

Madi’s Munchies are currently sold in four, local Dan’s Hamburgers locations in the Austin area. Short-term, Madi would like to get her cookies into more restaurant settings. However, she has somewhat broadened her vision. While the initial door-to-door, consumer based business model is what made Madi’s Munchies what it is today, Madi is seeing more potential with a business-to-business strategy. Madi says, “I want to build a successful business and continue to learn from it…every day.”

But the challenge with Ferry had two conditions. The first condition was $100,000 in sales and the second was to maintain good grades. Madi admits it has been hard at times to juggle her growing business along with school work. Afterall, junior year is certainly no walk in the park. Time management is something she is learning and mastering. Madi’s objective is to make the most of every single minute of each day.

Madi says, “Starting a new business is hard, but it’s so worth it if you really love what you’re doing.”

Madi loves what she’s doing and her customers love her cookies. It’s a win-win that even the hangriest Cookie Monster would have to agree!

 


2018 Baylor Youth Entrepreneur Award Top Three Finalists
Marshall Adams, Nishka Ayyar, Riya Gupta, Madi Smyser

2018 Youth Entrepreneur Award Finalists
Marshall Adams of Texas Snow Waco (First Place Recipient)
Madi Smyser of Madi’s Munchies (Second Place Recipient)
Nishka Ayyar and Riya Gupta of PromElle, LLC (Third Place Recipient)
Ryan Gabriel of KOLD Wear
Gina Marie Grieb of G&G Pressure Washing
Walt Horton of Blue Valley Fly Fishing
Kimberly Kerzel of HorseTreatery
Will Penningwerth of Spark3D
Kyndal Sligh of Red Barn Genetics 


For more information about the John F. Baugh Center for Entrepreneurship & Free Enterprise, please visit our website at baylor.edu/business/entrepreneur/.

2017 Baylor Youth Entrepreneur of the Year Awards

“If you can dream it, you can do it.”

-Walt Disney


What comes to mind when you hear the term good ol’ days? For a lot of folks, the good ol’ days  are the years spent in high school. Football games, homecoming dances, proms and first glances from a high school sweetheart – a lot of good memories, albeit some very awkward memories, but nonetheless good memories indeed.

Adulting can be hard and it can be stressful. And let’s face it, with grown-up jobs, bills and decision making the fun and lackadaisical good ol’ days feeling can be somewhat elusive at times. But there is an elite group of students who brilliantly combined the good ol’ days of high school with the responsibility of adulting with such amazing finesse that Baylor just had to honor them with 2017 Youth Entrepreneur of the Year Awards.

Yes, you read that right. Youth and entrepreneurship in harmony, sort of communal like two peas in a pod. But really, those two words go together like fine mess, jumbo shrimp, clearly confused, old news and awfully good. Youth aren’t supposed to be entrepreneurs. That’s adulting stuff. Youth should be living it up in the good ol’ days.

Maybe so, but these students have blazed an entrepreneurial trail like none other. And we’re not talking cookie-cutter entrepreneurial endeavors either. These youth entrepreneurs were successful with pizazzy socks and chic personalized gifts. Definitely not run-of-the-mill side gigs.

Roxie Collier, Brennan, Mary Abrahams

The first place recipient of the 2017 Youth Entrepreneur Award was high school junior, Brennan Agranoff. Brennan is the founder of HoopSwagg, an apparel customization business that specializes in socks. These aren’t ordinary, boring socks though. These are pizazzy socks.

Be warned. If you’re looking for plain-jane, blend-in-with-the-crowd kind of socks, steer clear of HoopSwagg. But if you’re looking for socks with an edge, sock that make a statement with design names like Psycho Rainbow, Goat Farm, Detonation and Eyeballz then you must check out HoopSwagg.com…now.

But how in the world did this happen?

It all started in seventh grade. In midst of typical adolescent self discovery, Brennan became obsessed with socks. The only problem with that was everyone was wearing plain colored socks. And plain colored socks didn’t satisfy this budding sock aficionado. Brennan mowed the lawn all summer and saved his money to buy the very coolest pair of wildly-colored socks online for $50. He wore the perfectly hued socks to school in the fall and all of his friends were duly impressed.

As with any entrepreneur, Brennan wondered how he could make a razzle-dazzle sock on his own. For six months he researched processes, equipment and production. He then had a few samples made and tried his luck on eBay. Not knowing exactly what to expect with his first try at eCommerce, Brennan was thrilled when the socks instantly sold out.

Brennan knew he was onto something with his flashy feet accessories. He prepared a business plan and asked his parents for a $3,000 loan. The parentals loved the idea and complied with the loan request. By August 2013, armed with funding, equipment and a live website, HoopSwagg, LLC was the real deal.

There have been a few bumps in the road for Brennan. One of the biggest hurdles has simply been his age. Paperwork, financials and trademark submissions all required a parent’s signature. And then there’s the unknown. The not knowing what can go wrong is a struggle. But Brennan looks at each new problem as an opportunity to find a solution.

A lot has changed since that initial 2013 launch. HoopSwagg now has its own brand of sock and Brennan is looking to expand his high school basketball program to more than 500 teams. Eventually, he would like to introduce the retail market to his less expensive, high quality socks.

Brennan says, “When you have something that people want, they will come.”

Roxie Collier, Addison, Mary Abrahams

The third place recipient of the 2017 Youth Entrepreneur Award was high school sophomore, Addison Bain. Addison is the founder of Addigrams, a business that takes everyday items like travel mugs and backpacks and personalizes them with monograms and names. A morning cup of joe in a chic, personalized mug…yes, please.

But how in the world did this happen?

The Addigrams journey began during a summer trip to Michigan when Addison’s Aunt Kristen introduced the most amazing, the most intriguing, the most fabulous thing ever…a Cricut®. The Cricut is a nifty machine that is every crafty DIYer’s dream come true. It’s a die-cutting machine,  and according to the website, it can be used for “everything from cards and gifts to party and home decor, fashion and accessories and more!”

The budding entrepreneur took the “and more” and ran with it. Immediately she imagined all of the ways she could use a Cricut, and like any innovative teenager would do…she asked mom and dad if they would buy her a Cricut. The conversation didn’t go quite as Addison had hoped, but that didn’t stop this precocious teen.

Addison started saving her babysitting earnings. By September, she had $190. Even though she was still $60 short, Addison’s parents chipped in the remainder and bought the Cricut. After a few weeks of experimenting with the Cricut, Addison’s wheels were turning. She started thinking of all the different customized items she could create with the Cricut. All of the things she could create…and sell. Addison wanted to start her own business.

With backing from mom and dad, Addison created an Etsy shop. Initially, customers were family and friends. However, that soon changed with the magical powers of social media and word-of-mouth praise. And like any successful entrepreneur would do, Addison wondered how she could make her business better. Embroidery was the next plan of action.

Addigrams’ custom-chic, monogrammed and embroidered items have been shipped to 22 states. Addison does close the Etsy store during school months, but during that time she takes every opportunity to participate in community events and markets. Her next plan is to broaden the product line to include leather jewelry.

Addison says, “Never think you are too young to start your own business.”

Luther Vandross once said, “The best part is still ahead of me – I haven’t experienced my ‘good old days’ yet.”

Maybe Brennan and Addison are onto something. Something big. Something extraordinary. Something that dreams are made of. Maybe any day and every day can be a good ol’ day.

2017 Youth Entrepreneur Award Finalists and Winners
First Place Winner, Brennan Agranoff, HoopSwagg, LLC
Second Place Winner, Ehan Kamat, 321 Innovations, LLC
Third Place Winner, Addison Bain, Addigrams
Finalist, Sam Fleet, QuickShare Cloud Services
Finalist, Cade Hudson, Hudson Pressure Washing
Finalist, Evan Hara, Evan Hara Films
Finalist, Matthew Hoenig, Matthew Hoenig Productions
Finalist, Luke Stetler, Durango Tire Storage
Finalist, Kyle Tananbaum, Sector 214
Finalist, JB Williams, JB’s Firewood


For more information about Free Enterprise at the Baugh Center, please visit our website at baylor.edu/business/freeenterprise/