Some individuals manage to build businesses that bring in millions and billions of dollars. Do you want to be one of them?
Of course, there are hard work, determination, and willpower behind every success story. Also, be ready to hear ‘no’ and get over the rejections if you decide to start a business. Many successful people faced this, but it only motivated them to work further.
In this article, we’ve collected the experience of 5 famous entrepreneurs. These achievers became legends, and you can become one too.
Amancio Ortega
Amancio Ortega became the richest person on the planet according to Forbes magazine in 2015-2016. He is the founder and ex-director of the Inditex company. If you have never heard of it, you will be surprised to know that such big brands as Zara, Pull & Bear, Massimo Dutti, Stradivarius, and others are part of it.
Ortega has come a long way to become who he is now. He is a living example that anyone can become prosperous, regardless of nationality and financial status. Amancio’s father was a railroad worker, and his mother was a servant. The family was so poor that the boy didn’t finish high school, and from the age of 13 worked as a delivery guy in a shirt store.
Then, Amancio realized that only rich people can afford beautiful clothes and decided to fix it by all means. Ortega studied how the value of a product changes as it moves from manufacturer to consumer. As a result, he understood the importance of delivering products directly to the consumer without various mediators and later made it a part of his business strategy.
Today, entrepreneurs from all over the world are trying to discover Ortega’s formula for success which is partially revealed in “The Man from Zara” by Covadonga O’Shea.
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Sara Blakely
How to turn $5000 into $1 billion? Ask Sara Blakely – the world’s first female billionaire who made a billion dollars at 41.
Her life wasn’t perfect: Sarah failed the LSAT (Law School Admission Test) twice, worked as an usher at Disneyland, and sold faxes.
In 1998, as a 27-year-old woman, she faced a difficult situation. She wanted to look impeccable in her new tight-fitting white trousers. However, slimming pantyhose would be noticeable because of the sandals. So, Sarah came up with the idea of cutting off the pantyhose’s feet and leaving the necessary part only. This is how Spanx’s story began.
Sara registered the patent on her own, not having money for lawyers. When it came to sales, she literally phoned everyone she knew, from her friends to the people she went to kindergarten with. Two years later, Oprah Winfrey announced that Spanx was her favorite product of the year and invited Sarah to her show. And that was the best advertisement ever.
Starting with one product, Blakely has expanded the Spanx range to two hundred products in twelve years.
Jon Yarbrough
The success story of a Tennessee entrepreneur dates back to his student years. In the 1970s, Yarbrough rented a table for tabletop football in an arcade. The young businessman divided the revenue with the arcade in a ratio of 50/50. Interestingly, he built marketing in such a way that there was a line of people who wanted to try their hand at the table all day long.
After graduation, Yarbrough bought more table football and pinball machines and put them into arcade halls all around his home state. Later, he started creating video games. His company, Video Gaming Technologies, has evolved over time. It is now the leading manufacturer of online multiplayer games that are hits of many casinos.
Evan Williams
The founder of several internet companies grew up on a family farm in Nebraska where he harvested soybeans and corn. Writing a code became his main hobby during his university studies, which he didn’t graduate from. Together with a fellow groupmate, Evan decided to focus on developing his own program which later grew in the Blogger platform.
In 2003, the project was bought by Google and Williams worked there for two years. However, he decided to leave the internet giant for an Obvious Corp. Twitter was one of its’ main projects – Williams was its’ SEO in 2008-2010.
Sophia Amoruso
Also known as the #girlboss, Sophia Amoruso is one of the most famous women entrepreneurs of our time. Her path started with selling second-hand clothes on eBay – the first thing she sold was stolen, as she says. Seven years later, Amoruso became the owner of the cult brand Nasty Gal and the online store with the same name with a turnover of over $ 100 million.
So, what’s the secret? Despite the lack of money, Amoruso loved beautiful outfits and always looked for vintage items from famous brands. Then, she decided to earn extra money by selling them on eBay.
A Chanel jacket’s deal was particularly good as Sofia bought it at a thrift store for $8 and sold it for $1,000. She saw her unique competence in finding a thing that has no value for the owner and then selling it to someone for whom it is truly invaluable.
To Wrap It Up
This is the list of some of the brightest entrepreneurs of our time. They started their journey from scratch, so are there any boundaries? They don’t really exist. Take a risk. Who knows, maybe one day you will find yourself in the Forbes rating.
