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Entrepreneur Slide Show Entrepreneur Slide Show 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