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Entrepreneurs  leaders in change

Entrepreneurs leaders in change






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    Entrepreneurs  leaders in change Entrepreneurs leaders in change Presentation Transcript

    • Entrepreneurs: Leaders In Change Ida Manning Executive Director Illinois Institute of Entrepreneurship Education
    • Admiral Zheng He b. around 1371, d. 1433
      • In seven voyages from 1405 to 1433, Zheng He spread China's goods across the world and returned with treasures for the Ming Dynasty
    • Benjamin Franklin b. 1706, d. 1790
      • A writer, publisher, inventor, politician and diplomat, he always considered himself a businessman.
    • Mayer Amschel Rothschild b. 1744, d. 1812
      • Rothschild's banking empire would stretch across Europe, essentially becoming the world's first international bank
    • John Jacob Astor b. 1763, d. 1848
      • Came to New York in poverty at age 20 and built a near-monopoly in the global fur trade.
      • Astor poured his fur profits into New York real estate; the income from the rents and the value of the land combined to make Astor the wealthiest American of his time
    • John Rockefeller b. 1839, d. 1937
      • Rockefeller started his first business selling grain and other goods before he was 20 .
      • By buying out oil refineries around Cleveland and New York after the Civil War, Rockefeller soon dominated the market
    • Andrew Carnegie b. 1835, d. 1919
      • The Scottish immigrant and weaver's son built a steel empire whose mills churned out the railroads, ships, and structures of post-Civil War America—and created a fortune for himself in the process.
    • Estee Lauder b. 1907, d. 2004
      • In 1946, she founded the company that bears her name to sell makeup and perfume in high-end department stores around the world
      • Lauder became a giant in the nascent beauty industry by making sure the quality of her products exceeded the expectations of her target market, namely wealthy society women
    • George Washington Carver b. 1864, d. 1943
      • Carver changed the South from being a one-crop land of cotton, to being multi-crop farmlands, with farmers having hundreds of profitable uses for their new crops
    • Henry Ford b. 1863, d. 1947
      • Ford did not invent the automobile, but he made it affordable to the middle class that he helped create
      • His manufacturing process created the modern car industry, and with it, the car culture of the 20th century
    • Milton Hershey b. 1857, d. 1945
      • In 1905, Hershey built the world's largest chocolate factory in Pennsylvania
      • Millions enjoy what once had been reserved for the wealthy. Selling "low-cost luxury" became a viable business model
    • Harland “Colonel” Sanders b. 1890, d. 1980
      • Kentucky Fried Chicken, pioneered by Colonel Harland Sanders, became one of the largest quick service food service systems in the world
      • A billion "finger lickin' good" KFC dinners served annually in more than 80 countries and territories.
    • Madam C.J. Walker b. 1867, d. 1919
      • Walker's line of hair-and-beauty products geared toward blacks tapped into a market ignored by other businesses because of racism
      • She set an example for generations of entrepreneurs in a time when women were still struggling for voting rights
    • Thomas Edison b. 1847, d. 1931
      • Edison's relentless innovation made him the most prolific inventor of his time
      • Started as a telegraph operator but soon moved on to refining that technology and creating others that would turn the world on its head: a device to turn power into light, a machine to record and play back sound
    • Ray Kroc b. 1902, d. 1984
      • Ray Kroc turned a California burger shack into a brand whose golden arches span the globe
      • By investing in franchisees, Kroc drove the inexorable growth of McDonald's and created one of the most visible brands in history
    • Walt Disney b. 1901, d. 1966
      • The first multimedia empire was built on animation
      • He also founded Disneyland .
      • His company owns:
      • Buena Vista Pictures Entertainment, ABC TV, ABC Family Channel, and ESPN
    • Earl Graves b. 1935
      • Founded Black Enterprise magazine in 1970, a publication that recognized the expanding financial power of the black community and helped spur its growth
      • Boasts a paid circulation of half a million and has been profitable since its 10th issue
    • Andy Grove b. 1936
      • He helped found Intel and navigated the company's shift from making memory chips to microprocessors
      • During his tenure as CEO from 1987 to 1998, Intel grew at a rate of 30% annually
    • W. K. Kellogg b. 1860, d. 1951
      • Kellogg's accidental discovery, promoted with savvy marketing, transformed the way Americans eat breakfast
      • Kellogg grasped the idea that kids influence buying decisions—galvanizing the brand's success
    • Martha Stewart b. 1941
      • Started a catering business out of her Westport (Conn.) home in 1976
      • Went on to expand into retail, publishing, television, and merchandising
    • Azim Premji b. 1945
      • Premji built a leading IT company as the industry was growing and he expanded into the global market by adhering to rigorous standards.
    • Bill Gates b. 1955
      • By linking his Microsoft software to IBM's first PCs, he dominated the industry
      • He developed a two-prong strategy of expanding the market while maintaining a strong hold on competitors
    • Jeff Bezos b. 1964
      • Founded Amazon.com, in 1994
      • Bezos pioneered techniques that have become staples of online sales.
    • Michael Dell b. 1965
      • Created a new model for PC sales
      • Cutting out the retail middleman and custom-building computers to suit buyers' needs put Dell at the front of the class of PC makers
    • Oprah Winfrey b. 1954
      • Oprah Winfrey turned her name into one of the most successful and respected brands in the world
      • Leveraged that fame into other interests: magazines, Web sites, film and television production and Social Entrepreneurship.
    • Muhammad Yunus b. 1940
      • 2006 Nobel Peace Prize winner, founded a banking system 30 years ago to lend small amounts of money to the rural poor in Bangladeshi villages
    • Richard Branson b. 1950
      • Richard Branson turned, Virgin, the mail-order record shop he opened in 1970 into a label he sold 22 years later for nearly $1 billion
      • Brand includes mobile-phone service, bridal gowns, credit cards, and life insurance. Virgin Group encompasses 200 companies in 30 countries and boasted $7.2 billion in sales in 2002
    • Steve Jobs b. 1955
      • The Apple co-founder combined simplicity with innovation to emerge from the Internet boom as one of the lone tech companies that can butt heads with Microsoft
    • Tom Anderson & Chris DeWolfe
      • Founders of MySpace.com
      • Registering 160,000 people per day with no marketing
      • As of September 2007, there are over 200 million accounts.
    • Ralph Lauren b. 1939
      • Like many successful entrepreneurs, Lauren was selling lifestyle more than product
      • Lauren imagined a market for men's fashion as large as that for women
    • Sam Walton b. 1918, d. 1992
      • The man who built the world's largest retailer on low prices: Wal-Mart
      • Bought direct from manufacturers and made his stores as efficient as possible, sending the savings back to consumers
    • Chad Hurley, 29; Steve Chen, 28 & Jawed Karim, 27
      • Founders of YouTube
      • Broadcasts 100 million short videos daily on myriad subjects
      • Sold to Google
    • Pierre Omidyar b. 1967
      • Founder of EBay, which made the promise of the Internet a reality by connecting far-flung customers with the goods they wanted to buy
    • Tyler Barnett, 24 & Jason Ellman, 25
      • Founder of Los Angeles PR Firm, Barnett Ellman
      • Four-employee firm's revenues in 2006 were around $15,000 a month and estimates doing about $30,000 a month in 2007
    • Lee Brown, 23; Lucas Brown, 23 & Lin Miao, 20
      • Founded marketing firm Tatto while students at Babson College in 2005 with a $100 investment
      • Revenues are $25 million for 2007 and expected to grow to $50 million by 2008
    • Deborah Umunnabuike, 23; Jessica Umunnabuike, 21 & Vincent Choi, 23
      • Sisters are co-founders of Avant Gaudy, an online vintage clothing shop
      • Almost 26,000 visitors from more than 30 countries to their website
      • Recruited Hong Kong native Vincent Choi to bring a global perspective to the business and better reach shoppers in Asia
    • Mitch Cohen, 20
      • Started his latest company, ClixConnect, to help online retailers improve customer service on their Web sites
      • Started his first business when he was 16
      • The six-employee business, has landed about 70 clients so far
    • Max Crane, 19; Tyler Dikman, 23; David McIntosh, 20 & Darian Shirazi, 20
      • Co-founders of nine-person software application and social networking company Redux
      • Began business in December 2006 and raised $1.65 million in venture capital in March, 2007
    • Francesco DeParis, 24 & Kyle Redinger, 24
      • Founders of DeParis Redinger, a boutique investment bank that specializes in mergers-and-acquisitions advisory for small tech firms
      • The firm, which opened for business in December, 2006, does $10 million to $20 million deals
    • Max Durovic, 24 & Michael Kenny, 23
      • This duo started their own business, Aarrow Advertising, with $100
      • Employs 40 full-timers and 460 part-timers who range between 16 and 25 years old
      • Had $2.3 million in sales in 2006 and projects $4.2 million this year
    • Gabriel Erbst, 24; Will Geronimo, 25 & Dwight Lee, 24
      • Co-founders of TableXChange, an online marketplace to buy and sell restaurant reservations
      • Expects the business to be profitable by the end of 2007
    • Eugene Fernandez, 24 & Richard Scalesse, 24
      • Founders of Unique Squared, an audio equipment online retail shop
      • Began in March, 2007, with an initial investment of about $6,000 and is already profitable
    • Ashutosh Gupta, 19
      • Owner of Gupta Financial Consulting
      • Has clients with revenues between $200,000 and $3.3 million
      • Estimates his business will have revenues between $150,000 and $300,000 this year
    • Ben Keighran, 25
      • Founder of Bluepulse.com, where users can download a free application that works on most Internet-enabled phones
      • Downloaded by about 3 million people
      • Landed about $6 million in venture capital
    • Jake Kloberdanz, 24
      • Launched Hope Wine, a winery that gives 50% of the profits from sales of its wines to charity
      • Hope Wine is available in about 100 locations
      • Hope has donated $20,000 to charity since launching, and he estimates revenues of $3 million to $5 million in 2008.
    • Jasmine Lawrence, 16
      • After a chemical hair relaxer caused almost all of her hair to fall out, she decided to make her own
      • After borrowing $2,000 from her parents, the high school junior launched her company, Eden Body Works
      • This year she expects to earn $100,000 in sales
    • Shawn Liu, 25
      • Started bespoke clothing company Hillhouse Tailors, which sells men's dress shirts made in Shanghai to the U.S. market that start at $65
      • Through the company's online store and revenue-sharing agreements with independent clothing retailers, Liu estimates the company will have revenues of $1.2 million by 2009
    • Amit Nar, 22
      • Founder of A Better Night’s Sleep, a center to test and treat sleep disorders such as apnea, insomnia, and narcolepsy
      • Expects revenues of around $500,000 in 2008
    • Arun Parameswaran, 24 & Arjun Parameswaran, 22
      • Founders of Astutant.com which offers accounting services to small- and midsize businesses
      • Estimates that their companies will earn $4 million in revenue this year. By 2014 their goal is to pull in $100 million
    • Polina Raygorodskaya, 21
      • Owner of a fashion production services business, Polina Fashion
      • Has already produced about 50 events, with price tags of $2,000 to $15,000 per event
    • Ashley Reed, 21
      • Started ASR Clothing, a line of streetwear hoodies, jeans, and T-shirts
      • Her five-employee business has been featured in newspapers and magazines
    • Sarah Schupp, 25
      • Founder of University Parent Media which produces visitor/information guides for parents of college students
      • Expects around $800,000 in revenues in 2007
    • Rishi Shah, 25
      • Created three-employee Flying Cart to give small-business owners a way to sell their products online
      • Estimates the business, which now has more than 1,000 shops, will be profitable by the spring of 2008.
    • Bryan Sims, 24
      • Founder of Brass Media, a magazine with a mission to make money relevant to young people
      • Magazine now has about 450,000 readers
    • Nathaniel Stevens, 24
      • Started Yodle, an advertising services company that serves local businesses that lack the time or expertise to advertise online
      • Expects to have approximately 1,000 customers by end of the year
      • Received venture funding in November, 2006, and plans to open six to eight additional offices around the country within the next 12 months
    • Alex Tchekmeian, 21
      • Owner of AKT Enterprises, which consists of 15 businesses that revolve around the music industry and include merchandising, Web development, and online ticketing services
      • The business had $1.3 million revenues in 2006 and estimates it will earn just over $3 million in 2007
    • Sam Altman, 22 & Nick Sivo, 22
      • Started Loopt, a customized mapping software for GPS-enabled phones that allows users to locate friends on a map via cell phone or Web site
      • The 35-employee company has received $5 million in venture funding
    • Ubong Attah, 23
      • Owner of Studio10Fourteen, a Web design firm & Prolete Medical Billing
      • Expects Prolete to have revenues of around $4 million in 2008
    • John Rico
      • President of Rico Enterprises, a company specializing in sales, service, consulting, project design,  management and installation
      • In business for 22 years
    • Nicki Anderson
      • President/Owner of Reality Fitness, an award-winning personal training studio
      • In business since 1993
      • Published author, columnist and fitness professional
    • Entrepreneurship U.S. View
      • SBA reports that small business
        • Represented over 99% of all employers
        • Provided 75% of ALL new jobs
        • Produced 55% of innovations
        • (As of 2000)
    • Colleges and Universities
      • With Entrepreneurship Majors
      • 1970 - 16
      • 2000 – over 1400
    • “E” Education In High Schools
      • Kauffman Foundation Gallop Poll
      • 90% of H.S. students rate their “E” Knowledge as very poor or fair.
      • 7 out of 10 students want to start a business
      • 84% believe it is important for schools to teach Entrepreneurship!
    • Tomorrow’s Entrepreneurs are in our schools TODAY!!
      • You can either work for an entrepreneur or be an entrepreneur.
      • Which will it be?
      • **All information provided by BusinessWeek.com