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BLACK FRIDAY SALE
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Phil took an accounting job while waiting. He received 12 pairs of shoes from Japan and shared them with his college coach, Bill Bowerman. Bowerman was impressed and became a 50% partner. They ordered 300 shoes and gained exclusive distribution rights. Phil quit his job to focus on the business, storing shoes in his parents' basement. The shoes sold well and he ordered 900 more pairs with a bank loan. While waiting, Phil took an accounting job to support himself. Almost a year later, he received 12 pairs of shoes from Japan. Phil shared them with his college coach, Bill Bowerman, who was so impressed that he offered to become a 50% partner. Bowerman, a coaching genius obsessed with improving shoe designs, joined forces with Phil. They ordered 300 shoes from Onitsuka and gained exclusive distribution rights for the Western USA. Phil quit his job to focus entirely on the business, storing shoes in his parents' basement and selling them at athletic events. The shoes sold rapidly, and he soon ordered 900 more pairs, financing the order with a bank loan.