10 successful entrepreneurs
Henry Ford did not invent the automobile. He was one of a group working on motorcars and was arguably not even the best of them. However, these competitors were selling their cars for a price that made the car a luxury of the rich. Ford put America—not just the rich—on wheels and unleashed the power of mass production.
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His Ford Model T was the first car to cater to most Americans. Ford's progressive labor policies and his constant drive to make each car better, faster, and cheaper made certain that his workers and everyday Americans would think of a Ford F when they shopped for a car. Though Charles Richard Patterson and Frederick Douglas Patterson didn't make this top 10 list, they successfully founded the first and only African American automobile company that lasted 74 years and closed in These successful businessmen undoubtedly helped shape today's automotive industry, fueling the demand for innovation, customer service, and creative thinking when the car was created.
One of the richest and most influential women, Oprah Winfrey's career started as a news anchor and blossomed into a full-blown entrepreneur. Her show, "The Oprah Winfrey Show," was syndicated nationally in It became the highest-rated U. Oprah has also starred in films, including leading roles and as a voice actress in several animated films.
Oprah is a pioneer in entrepreneurial endeavors, breaking into an on-air book club in and launching O , the Oprah Magazine in She co-founded Oxygen Media, a cable television for women, and debuted a channel on satellite radio in Most notably, Oprah created Oprah's Angel Network, sponsoring charitable endeavors around the world. Not only has Oprah paved the way for many businesswomen, but she consistently demonstrates how to use entrepreneurial power for good.
Sam Walton picked a market no one wanted and then instituted a distribution system no one had tried in retail. By building warehouses between several of his Walmart stores, Walton was able to save on shipping and deliver goods to busy stores much faster. By adding a state-of-the-art inventory control system, Walton lowered his cost margins well below those of his direct competitors.
Then, rather than booking all of the savings as profits, Walton passed them onto the consumer. By offering consistently low prices, Walton attracted more and more business wherever he set up shop. Eventually, Walton took Walmart to the big city to match margins with the big boys—and the beast of Bentonville has never looked back.
Some question the methods of entrepreneurial success of Walmart and Sam Walton. Human Rights Watch found that while many American companies use weak U. Charles Schwab, usually known as "Chuck," took Merrill's love of the little guy and belief in volume over price into the Internet Age. When May Day opened the doors for negotiated fees—all broker trades had previously been the same price—Schwab was among the first to offer a discount brokerage for the individual investor.
To do this, he trimmed the research staff, analysts , and advisors and expected investors to empower themselves when making an order. From a bare-bones base, Schwab added services that mattered to his customers, like hour service and more branch locations. Merrill brought the individual investors back to the market, but Chuck Schwab made it cheap enough for them to stay.
Known for its hour access, restaurant offerings, and travel items, Tom Love built an empire with over 38, employees working in convenience stores across the country. In addition, Love employs workers at their corporate office in Oklahoma City. A member of the Chickasaw Nation, Love and his wife Judy leased their first gas station in Watonga, Oklahoma, in the s.
In , Love was inducted into the tribe's hall of fame, noting that "the same love and qualities that define Love's Travel Stops define the Chickasaw Nation. Born in Arkansas in , John Johnson is regarded as one of the most influential African American publishers in American history. After finding success with his launch of Negro Digest , Johnson published Ebony , the most popular African American magazine in the world since its launch in What started as just a simple online bookstore eventually developed into an e-commerce powerhouse.
Currently, Amazon ships to more than 50 countries in the world and distributes millions of unique products globally every day. Despite having to start small, Jeff had the vision and kept his passion to one day revolutionize the e-commerce industry. In the process, he grew his business into the largest corporation the world has ever seen.
History of great businessman in the world: To rank the most influential businessmen of all time—and yes, they are all men—we had Joel Mokyr, a professor of economics and history at Northwestern University and the editor in chief of.
Elon began his journey of success after he co-founded X. In , eBay bought PayPal and Musk was the largest stakeholder in the company at that time, with stocks valued to be worth more than 1. Currently, PayPal is one of the largest online payment platform on the planet that facilitate international transactions globally.
Later in , he founded Tesla Motors, which he intended to be the first mass-producers of electric vehicles. Tesla stands as one of the most well-known electric vehicles in the globe. If the world and students of business history have learned something from Elon Musk, it is the fact that he was a force with the knowledge and vision to ultimately push the boundaries of modern technology.
Have you met or heard of people that succeed in changing the world by defying all odds? Jack Ma is one of the great business leaders that the world has seen.
He was the first entrepreneur from mainland China to ever appear on the cover of Forbes magazine. He is the founder of Alibaba Group, a group of internet companies. As if that were not enough, he applied for 30 jobs was turned down for each one of them. After his trip, he returned home and created a small website on China and different Chinese products.
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This was the first step towards his creation of a company that would hold the record for the largest IPO in history. What an audacious man! Overcoming numerous challenges, believing in themselves and their ideas even when they did not make sense or seem possible, these legends transformed the world of business forever. Remarkably, they were all at different times and generations, yet they all saw the deep needs of mankind.
In the late nineteenth and early twentieth centuries, Walker developed hair care products that directly targeted the needs of a demographic often overlooked by mainstream American beauty companies: African-American women. Her business took off and she quickly became one of the most successful American businesswomen in history.
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It takes some severe business savvy to become the first American billionaire. John D. Fortune always favors the brave, and never helps a man who does not help himself. He became known as the Shakespeare of Advertising, for his knack of promoting his business with lurid language was unparalleled. She went on to develop her own products, brand, and permanence in American beauty.
Time magazine listed Gates as one of the most influential people of the 20th century in and again in , , and Sam Walton is an American business magnate known as the founder of Walmart, one of the biggest retail chains. This later turned into Wal-Mart store Inc. Go the other way. Making Sakichi Toyoda and Kiichiro Toyoda the most famous business leaders in history of automobiles.
I just put lots of efforts and researches. Musk is known as the wealthiest man in the entire world, as per the report of December He served in various leadership roles at Yahoo!
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He was also the vice president of Warner Bros. Amazon is the biggest e-commerce and Cloud computing company in the world. You earn reputation by trying to do hard things well. All these leaders never had one thing in common: dedication and passion. They worked hard to build the business empire that they have been ruling for some time now.