Entrepreneurs, or, let us say, start-ups, or, founders are, often, credited with the abilities, to proffer creative solutions that address the challenges, of their, would-be customers.
Moving from an ideation stage to launching a start-up venture, might appear quite a risk to take some time, however, your chances of succeeding might take a leap, if you have discovered your niche, have an innovative-based solution and a steady plan for growth.
Some entrepreneurs, however, do have the thoughts that, for them to stand out, they need to commence everything, from the start. In doing this, they try to reinvent the wheel, by doing something, probably, non-existent.
Many of the big organisations today, started small by thinking about one of the many challenges faced, by their potential customers.
Many small businesses have transited into medium scale ventures, while several start-ups have developed into big organisations. A lot has, to be responsible, for this transition.
Innovative solutions, come from entrepreneurs, when they integrate their skills, into the ideas that create the solutions needed, by users. Beyond this, they, also, watch out, to determine, if the solution they proffered, would be viable enough, to generate money, as the start-up venture progresses.
Considered, as one of the big organisations in technology, alongside Facebook, Amazon and Google, the multinational tech company, in April 1976, was founded, by Steve Jobs, Steve Wozniak and Ronald Wayne, in California.
Designed by Steve Wozniak, the first product, Apple I, got sold in 1976, at $666.6. In the 2018 fiscal year, Apple had totaled an annual revenue of $265 billion, emerging as the largest tech organization, by revenue.
Apple’s software products, include iOS, macOS, the Safari web browser, the iTunes media player, etc.
While its hardware products are, but not limited, to the Apple Watch smartwatch, the iPhone smartphone, the iPod portable media player and the Mac personal computer.
In 2018, also, the company’s worth got valued, at over $1 trillion. Today Apple is, the third-largest manufacturer of mobile phones and has, over 100,000 employees, on full time.
At the University of Texas, as a pre-med student, Michael Dell, started “business”, by assembling and selling upgrade kits, for personal computers, (PCs).
In January 1984, Dell took the believe that the advantages in the cost savings of manufacturers, selling PCs, outweigh the traditional retail market. That same year, Dell had the company registered.
In the same year mentioned above, the “Turbo PC”, became the first computer, designed by Dell, which got sold, for $795. After offering its buyers, the convenience of selling, at a lower price, as compared to other retail brands, Dell amassed, more than $73 million, in its first year.
The company has its products, everywhere and has, in its service, not less than 150,000 employees, across the world.
Serving as an automation platform, for email marketing service, Ben Chestnut and Mark Armstrong, founded the company, in 2001, with Dan kurzius later joining the ranks.
After adding its freemium option, in 2009, within the space of a year, it had grown, to 450,000 users, from 85,000. In 2014, Mailchimp was sending, on behalf of its users, not less than 10 billion emails.
Mailchimp, to date, has never accepted funds, from Venture Capitalists. According to the company, its annual revenue is expected, to hit $700 million, in 2019.
Initially, operating as, an online bookstore, Amazon has expanded, to a much, wider range of services, from e-commerce to audio streaming and artificial intelligence.
Jeff Bezos, the founder, left his job, at D. E. Shaw and established the company, Amazon, in his garage, on July 5, 1994.
Today, Amazon is, the largest platform, for online sales and serving as, AI assistance and cloud infrastructure service providers.
Still in the business of books, however, its many ranges of products, are quite massive. The company has more than 600,000 employees, across the world.
Google was founded in 1998, by two Ph.D. students, from Stanford University, California, Larry Page and Sergey Brin.
When Google got incorporated in 1998, it was operating, from a garage, owned by a friend.
The giant tech company’s growth, since incorporation, has seen a lot of products, from Gmail, Google Drive, Google Calendar, Google Maps, YouTube and so on.
Google has become the largest platform, for search queries, all over the world, even, parts of its service, (Blogger and YouTube), have been listed, among the top 100, most visited websites.
Both Google founders, own 14 percent of the company’s shares and they control 56 percent of the stockholder voting power.
Google, as at the third quarter of 2019, has 114, 096 employees, on its payroll.
Originally, named Blue Ribbon Sports, by its founders, Phil Knight and Bill Bowerman, the company, officially, got its name, “Nike”, in 1971.
It has gone on, to become the largest supplier and manufacturer, of athletic shoes and sports equipment.
Its sales was done, from Phil Knight’s car, but as of 2018, Nike ranked, among the top 100 in Fortune 500 list of big organisations, with the largest revenue in the United States.
Are there other big organisations that were once start-up ideas that you know of, let us know in the comment section below
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