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Showing posts from 2016
Harland Sanders
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He started travelling by car to different restaurants and cooked his fried chicken on the spot for restaurant owners. If the owner liked the chicken, they would enter into a handshake agreement to sell the Colonel’s chicken. Legend has it that Colonel Sanders heard 1009 “no”s before he heard his first “yes”. Ok, let me repeat that. He was turned down one-thousand and nine times before his chicken was accepted once! Colonel in front of his first KFC store. The deal was that for each piece of chicken the restaurant sold, Sanders would receive a nickel. The restaurant would receive packets of Colonel’s secret herbs and spices in order to avoid them knowing the recipe. By 1964, Colonel Sanders had 600 franchises selling his trademark chicken. At this time, he sold his company for $2 million dollars but remained as a spokesperson. In 1976, the Colonel was ranked as the world’s second most recognizable celebrity.
Walt Disney
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One of the most creative geniuses of the 20th century was once fired from a newspaper because he was told he lacked creativity. Trying to persevere, Disney formed his first animation company, which was called Laugh-O-Gram Films. He raised $15,000 for the company but eventually was forced to close Laugh-O-Gram, following the close of an important distributor partner. Desperate and out of money, Disney found his way to Hollywood and faced even more criticism and failure until finally, his first few classic films started to skyrocket in popularity. The rest is History .
George Steinbrenner
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B efore Steinbrenner made a name for himself when he acquired ownership of the New York Yankees, he owned a small basketball team called the Cleveland Pipers back in 1960. By 1962, as a result of Steinbrenner’s direction, the entire franchise went bankrupt. That stretch of failure seemed to follow Steinbrenner when he took over the Yankees in the 1970s, as the team struggled with a number of setbacks and losses throughout the 1980s and 1990s. However, despite public fear and criticism of Steinbrenner’s controversial decisions, eventually he led the team to an amazing comeback, with six World Series entries between 1996 and 2003, and a record as one of the most profitable teams in Major League Baseball.
Bill Gates watched his first company crumble.
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Bill Gates is now one of the world’s wealthiest individuals, but he didn’t earn his fortune in a straight line to success. Gates entered the entrepreneurial scene with a company called Traf-O-Data, which aimed to process and analyze the data from traffic tapes (think of it like an early version of big data). He tried to sell the idea alongside his business partner, Paul Allen, but the product barely even worked. It was a complete disaster. However, the failure did not hold Gates back from exploring new opportunities, and a few years later, he created his first Microsoft product, and forged a new path to success.
Ariana Huffington
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It’s hard to believe that one of the most recognizable names in online publications was once rejected by three dozen major publishers. Huffington’s second book, which she tried to publish long before she created the now ubiquitously recognizable Huffington Post empire, was rejected 36 times before it was eventually accepted for publication.
Henry Ford
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His first venture Detroit Automobile company failed and was dissolved in January 1901. Then he had setup two companies the Henry Ford company and Ford & Malcomson. The later was reincorporated in 1903 as ford motor company after a payment crisis forced the venture to bring new investers. It was another five years till the Model t was launched (ford's best selling automobile). The rest is history.
Steve Jobs
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Sales of apple and machintosh were dissapointing. Steve jobs was fired from the company he co-founded in 1976.He then founded NeXT but poor sales forced him to dump its hardware division and concentrate on software. In 1995 apple acquired NeXT and soon he was on his old job. Later he launched THE iconic IPod as well as iPhone. Life always gives a second chance to all who deserve it