Greater efficiency enabled Lakin to start paying his suppliers and outsourcers in 30, rather than 90, days.

FORBES: His Own Beat

Lakin's smartest decision was to move some production to South Korea.

FORBES: His Own Beat

While the guitar gained recognition among well-known artists who played it at concerts in exchange for free or discounted instruments, Lakin couldn't seem to make money.

FORBES: His Own Beat

"Production was much slower than we'd anticipated, " says Lakin.

FORBES: His Own Beat

Daniel Lakin could have been a contender--in recycled tires.

FORBES: His Own Beat

Lakin's dad expects no return on his investments.

FORBES: His Own Beat