Chill out

Making it as an entrepreneur doesn't necessarily require starting from scratch.

Scott Baker and his family understand that and have learned how to capitalize on an existing product. Their focus is taking something and making it better. “It's important to reinvent, not duplicate,” Baker says.

Scott Baker's son, Christopher, came up with their first product, the ReptiPro 5000, about seven years ago. The product is an egg incubator that automatically turns an egg every four hours until it hatches. The ReptiPro does more than $100,000 in sales per month, Scott Baker says.