No Business Plan

Edison had been inventing for 14 years prior to founding the company.Some of his 1,000 inventions included the incandescent light bulb, motion picture camera, and alkaline storage battery. This is my favorite Thomas Edison quote and an incredible lesson in entrepreneurship: 2018 Revenue: .81 Billion If you read about the 10 World Famous Companies that Started in Garages, you’ll know that the world’s largest media conglomerate had humble beginnings.

Create something out of that idea and let it grow naturally.

A business plan could and probably would help, but don’t let it get in the way of creating.

My book is developed off 10 years of research that we did at the Kauffman Foundation.

If you look at all our older major corporations — U. Steel, General Electric, IBM, American Airlines — and then you look at our newer companies like Amazon, Apple, Facebook, Microsoft, none of these companies ever had a business plan before they got started.

was receiving, the founders knew they had a potential business on their hands.

In March 1995, the pair incorporated the business and met with dozens of Silicon Valley venture capitalists.

2018 Revenue: .79 Billion Nike’s roots started in 1962 when its company’s founder, Philip Knight, graduated from the University of Oregon and decided to travel across Japan. During his visit to Japan, he came across Onitsuka Tiger Co and offered to import their shoes so he could resell them in the US. 2018 Revenue: .14 Billion Cisco started in 1984 when the manager of the Stanford computer science laboratory, Leonard Bosack, wanted to communicate with his wife, Sandra Lerner, from across campus.

To satisfy the Japanese company’s request, he filed a company and named it Blue Ribbon Sports. Bosack devised a way to connect the two local area networks which later became the inspiration for the multi-protocol router.

They eventually came across Sequoia Capital, the well-regarded firm whose most successful investments included Apple Computer, Atari, Oracle and Cisco Systems. in April 1995 with an initial investment of nearly million.” 2018 Revenue: 4.35 Billion Apple got its start in 1976 when Steve Wozniak convinced Steve Jobs to sell the Apple I Computer.

So Jobs took the computer to a local computer store and the owner agreed to buy 50 of the machines at 0 apiece.


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