Let's take a look at the top 10 entrepreneurial business success stories:
The Story of Business Success
1. Spark Vision was founded by MaryBeth
Hyland to help businesses create and maintain collaborative and inclusive workplace cultures. Hyland and Spark Vision, two companies that specialise in millennial engagement, offer workshops to help workplaces foster collaboration and connections. Hyland's self-esteem and confidence have been harmed as a result of her abuse as a child. She draws on her past experience to connect with the people she works with on a daily basis, using her survival skills to motivate herself to succeed in business. Hyland believes her experience helps her succeed in her business, according to her website.
The Conclusion
Everyone has a story to tell, and not all of them are happy. Using your background and experience to inform your business can be beneficial, even if your experiences haven't been particularly positive. A difficult childhood motivates and drives Hyland, and as a result, her company benefits.
2. Eric Yuan founded Zoom.
The Story of Business Success
Eric Yuan came to the United States from China in the mid-1990s to take advantage of the internet boom, but it was a long journey. The first eight times he applied for a visa, he was denied. After the ninth attempt, he was finally approved, but the process took two years.
After years of working for a Silicon Valley communication startup, Yuan founded the communication platform Zoom in 2012. Yuan told Thrive Global that Zoom began as a daydream as an alternative to a long-distance relationship that required a 10-hour train ride to see each other. Over 750,000 businesses now use Zoom to keep their teams connected through video and audio conferencing, collaborative workspaces, chat, and other features. Companies can stay in touch more easily with Zoom's real-time, face-to-face feature, which allows employees to work from home or stay connected while working remotely or across multiple office locations.
The Conclusion
Yuan's visa difficulties are common among immigrants. However, it demonstrates what can be accomplished if you are persistent and willing to try again. Perseverance will pay off, whether you're
I am applying for a formal document like a visa or a permit, or simply trying to solve a difficult problem—even if it takes a few years.
Dawn Halfaker founded Halfaker& Associates.
The Story of Business Success
Halfaker& Associates, a Virginia-based contracting firm, provides data analytics, data security, software engineering, and IT infrastructure to the federal government. After being wounded in combat in Iraq, Dawn Halfaker worked on Capitol Hill and for various contractors, looking for a way to stay in the military after being medically retired. Halfaker, a veteran, knows what troops in combat need to succeed, and she saw a gap between what Washington could provide and what they needed. As a result, she decided to start her own company and provide practical, common-sense solutions to help the military be more effective.
The Conclusion
Halfaker's story is a shining example of tenacity and overcoming adversity, as well as what can be accomplished when one is determined. But perhaps the most important aspect of her community service is how it benefits not only her immediate neighbours but also her business. Because of their experience and expertise, Halfaker improves her company by hiring veterans and wounded warriors.
ArleteTurturro founded Night Owl Cleaning Services.
The Story of Business Success
ArleteTurturro earned a merchandising degree from the Fashion Institute of Technology and a real estate licence from Queens College. She no longer works in the fashion or real estate industries, however. Night Owl Cleaning Services has been in her family for nearly three decades. Night Owl offers commercial cleaning, party attendants, and 24-hour emergency services among the services offered by Night Owl. Turturro was honoured as Woman of the Year by the Westchester Business Journal in 2004. She is still very much alive.
The Conclusion
It's possible to plan for one thing and end up somewhere completely different. Turturro, for example, switched fields several times before finding the right business for her, and it paid off.
Hard work, as well as flexibility and openness to new possibilities, can lead to great things. Cleaning homes and offices on weekends isn't the most glamorous job in the world, but it's one that led to Turturro's owning her own business.
5. Peter X. Kelly founded the Xaviars Restaurant Group.
The Story of Business Success
Peter X. Kelly is a self-taught chef. Despite the fact that he did not attend culinary school, his restaurants and catering business brought in around $10 million per year. He defeated Bobby Flay in 2006 and went on to become an Iron Chef (no small feat, as any Food Network fan can tell you). He became the chef at the Highlands Country Club in Garrison, New York, at the age of 23. When asked if he was worried about being so young in such a position, he said he knew he could pick himself up and try something else if he failed. He didn't come up short. In fact, the opposite is true. He later opened Xaviars at Piermont and the Freelance Cafe & Wine Bar in Piermont, as well as X2O Xaviars on Hudson in Yonkers and Restaurant X & Bully Boy Bar in Congers (both of which were sold in 2016). Restaurants are risky, as anyone thinking about opening one will learn. In Kelly's case, however, the risk paid off. Kelly is also the founder and culinary director of Impromptu Gourmet, a company that delivers chef-inspired foods made with real, fresh ingredients right to your door.
The Conclusion
It can be difficult to break into any field, but especially one as competitive as the culinary world. Even if you lack formal training, passion and hard work can compensate, as Kelly did. This strategy does not work in all situations, but it is not an uncommon occurrence. If you're willing to put in the effort and learn by doing, you might be able to make it big.
6. Nellie Akalp founded CorpNet.
The Story of Business Success
Nellie Akalp is a mother of four, an author, and a speaker, as well as the founder of two massively successful businesses. She and her husband started MyCorporation.com in their living room and sold it to Intuit in 2008, despite the fact that new entrepreneurs are often advised not to start businesses with their significant others. Rather than walk away from the sale, Akalp started a new company, CorpNet, with the goal of assisting potential small business owners by preparing and filing the necessary documents to start a business in any state. CorpNet can help those who are already in business with ongoing paperwork such as annual reports, brand name changes, and more.
The Conclusion
The Akalps defied advice not to start a business together, which resulted in a hugely successful company and a $20 million sale. You'll get advice from a variety of sources when starting a business, including the internet, other business owners, family members, and friends. You must, however, make your own informed decisions in the end. Always seek advice from those who have gone before you. However, remember that you've completed your homework and are free to pursue your own path.
7. Scott Lee founded GooRoo.
The Story of Business Success
GooRoo is a website that connects people with tutors for everything from basic reading and writing skills to SAT prep and college admission essays. GooRoo has over 1,000 tutors in New York and has facilitated over 3,500 sessions. And the numbers are still rising. Scott Lee founded his first company, Peertutor, while still in high school in South Korea. He's since rejoined the Korean army, started an online clothing retailer, worked for JPMorgan, and served as an Olympic advisor in Pyeongchang in 2018. After all, he's returned to his educational roots to found GooRoo and provide low-cost education to those who need it—and he can draw on his entire life experience to better inform his business decisions.
The Conclusion
You can run your business more effectively if you have a diverse set of experiences. When Lee returned to what he knew he wanted to do in high school, he says all of his experiences helped him be a better CEO. You don't have to abandon ship and return to the roost, but you should include some out-of-the-box experiences to help you think creatively.
8. Rhys Powell founded Red Rabbit.
The Story of Business Success
Rhys Powell, a former Wall Street trader, founded Red Rabbit in 2005 to provide healthy, nutritious meals to schoolchildren. Red Rabbit works with a number of schools to provide fresh, home-cooked meals at affordable prices.
Powell started Red Rabbit after talking to parents who were having trouble consistently finding healthy meal options for their kids. Parents were supposed to order meals online and have them delivered to the school first. They quickly realised that doing things this way was costly and yielded little profit, so they shifted their business model to focus on schools rather than parents. Red Rabbit delivers over 20,000 fresh meals to students every day.
The Conclusion
By shifting his focus from parents to schools, Powell was able to increase profits and lower Red Rabbit's overhead costs. The success of your small business depends on your ability to adapt and be open to what the data tells you. You will need to make adjustments from time to time, no matter how thorough your planning is or how well you stick to it. If you remain adaptable, however, your changes may pay off handsomely.
Harriet Mills founded Wine & Design.
The Story of Business Success
Harriet Mills was a single mother with a young child who had recently lost her sales job in 2010. She took a deep breath and signed up for a paint-and-sip class instead of panicking. She realised that group painting for fun was a largely untapped market as she relaxed with her girlfriends. Wine & Design, her own take on the concept, now has nearly 80 franchise locations across the country, hosting events like children's parties and corporate get-togethers.
The Conclusion
Always be on the lookout for market whitespace to fill, as this is where your business will thrive. If you're looking to start, pivot, or grow a company, opportunities may arise when you least expect them. Increase your awareness of areas in your own life that could use some help to get going.
Matt Maloney and Jason Finger founded Grubhub and Seamless.
The Story of Business Success
Grubhub was founded in 2004 by two web developers who were tired of managing paper menus and reading credit card numbers over the phone. In the origin story of Seamless, which merged with Grubhub in 2013, they replaced web developers with lawyers. In over 1,600 cities across the United States, Grubhub and Seamless now serve 80,000 local takeout restaurants. They have a corporate catering wing where you can order larger-scale meals on a company card and have them delivered to the office, in addition to their original single-meal model. They operate as separate brands despite being owned by the same parent company.
The Conclusion
Always be on the lookout for market whitespace to fill, as this is where your business will thrive. If you're looking to start, pivot, or grow a company, opportunities may arise when you least expect them. Increase your awareness of areas in your own life that could use some help to get going.
Despite the fact that each of these businesses has its own history and set of circumstances, they all have one thing in common: the road to business success is not easy. You'll face challenges, detractors, and seemingly impossible decisions, but with hard work, smart planning, and a brilliant idea that you believe in, you can put yourself on the path to success.
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Success Stories of Entrepreneurs, business success stories, inspirational business success stories
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