Magic Ink Artisans

Orlando
Entrepreneur Poised for World Expansion
From a career CPA to a temporary tattoo retailer, Gary
Gillstedt’s
entrepreneurial success is no ordinary story…Gary had been
working as a CPA for a construction company in Michigan where
one of his major clients happened to be involved with
construction efforts on the France and Canada pavilions for the
Epcot® project
at the Walt Disney World®
Resort. During the six months of working onsite in Orlando with
the client and visiting Florida on more than a few vacation
trips with his family, Gary became acquainted with a business
owner who was seeking to sell his well-established venture. In
December 1999, Gary decided to purchase the five-year-old
business, Magic Ink Artisans – a retail service specializing in
applying temporary tattoos on visitors at local theme parks.
With a steady market demand,
Gary’s newly acquired temporary tattoo service continued to grow
at a steady pace until the disaster of September 11, 2001.
Tourism to Orlando declined sharply and Magic Ink Artisan’s
sales in September and October were down by 85% and showed no
signs of recovery. Within just a few months, Gary could no
longer draw a salary for himself, fell behind on his installment
payments to the seller and depleted his saving and credit line.
Suffering from a severe cash crunch, Gary sought technical
assistance from the Small Business Development Center at
UCF in
January 2002. The
SBDC’s Eunice
Choi met
with Gary and helped him obtain the SBA’s Economic Injury
Disaster Loan. For Gary, it was the right move at the right
time, and within a very short period the economy and business in
general took a turn for the better.
“I do not feel very much like a
success story that I want to shout off mountaintops about it as
much as I feel sympathy and remorse for all of my fellow vendors
in the theme park industry who did not make it,” Gary said, when
reflecting on that period of his career.
Since receiving the disaster loan, Gary has continued to seek
business consulting services from the
SBDC at
UCF. To this day,
Eunice Choi
as served as a mentor and provided third party opinions as Gary
worked to strengthen and expand his business. The
SBDC assistance
Gary received ignited his philanthropic perspective. When Eunice
Choi asked
Gary to serve on the Entrepreneur Advisory Board of the Disney
Entrepreneur Center, he agreed immediately to help his
entrepreneur peers. “Simply,” Gary said, “I would not have
survived without the SBDC's help. I
would like to repay the community.”
It’s been almost a decade since Gary’s dream of owning his own
business inspired him to make a move from the mid-west to the
sunshine state. Today, Magic Ink Artisans has 11 kiosk locations
across
Walt Disney
World® Resort
including Animal Kingdom, Blizzard Beach, Disney Hollywood
Studios, Downtown Disney, and Typhoon Lagoon. Gary’s insatiable
innovative spirit has led him to add a new line of interactive
guest service. In May 2009, after more than a year of extensive
research and development, Gary
invested in
BeadforLife,
a project which sells beads made from recycled paper by Ugandan
women. Gary
was inspired by the eco-friendly and philanthropic message of
BeadforLife
and introduced the fun of stringing African beads into bracelets
and necklaces to his current product mix. With this new project
and working in tangent with Disney, Gary’s company is poised to
enter the global market. |
“Simply, I would
not have survived without the SBDC's help."
Gary Gillstedt
Magic Ink Artisans
|