Entrepreneur Slide Show


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Entrepreneur Slide Show

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