5 Large Companies That Have Started With a Small Loan

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Large Companies Started With A Small Loan
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Few people realize that some of todays business
giants actually started by taking a loan.
Face your fears and doubts, and new worlds will
open to you. - R. Kiyosaki
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We may be left wondering how this was possible,
considering their current size and financial
success.
The size of your success is measured by the
strength of your desire the size of your dream
and how you handle disappointment along the way.
- R. Kiyosaki
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But, as rhetoricians long ago noted, if we get to
know our audience, we usually find that they are
all humans, just like ourselves!
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Risk comes from not knowing what you're doing -
Warren Buffett
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Getting to know the stories of such businesses
can therefore be inspiring...
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Starbucks
There are no secrets to success. It is the result
of preparation, hard work, and learning from
failure - Colin Powell
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...it can show us how a little entrepreneurial
flair and the right loan can go a long way.
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Attitude is a little thing that makes a big
difference - Winston Churchill
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In the right situation, taking a loan to start a
business can be a very profitable life-changing
decision.
Failure doesn't mean you are a failure it just
means you haven't succeeded yet. Robert H.
Schuller
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Consider Starbucks today, the companys revenue
is around 10 billion per year.
Starbucks
Starbucks
Starbucks had 137,000 employees in 2010 (twice
the population of Greenland)
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Did you know that when they started out in 1971,
Jerry Baldwin, Zev Siegel and Gordon Bowker each
had invested 1350 in the project?
Starbucks
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Starbucks
The average Starbucks customer visits the store 6
times per month.
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Shortly after that, they borrowed another 5000
from the local bank.
Starbucks
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Starbucks
The average Starbucks customer visits the store 6
times per month.
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It wasnt until they started making the coffee,
tea and other drinks inside the store...
Starbucks
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Starbucks
? loyal 20 of customers go to the stores 16
times per month
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...that the business really skyrocketed instead
of just selling the beans as they did initially.
Starbucks
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Starbucks
There are over 87,000 possible drink combinations
at Starbucks
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They grew so much that at one point they were
opening a new store somewhere each day.
Starbucks
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Starbucks uses over 93 million gallons of milk
per year...
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But maybe if they hadnt taken the risk, we would
have never experienced Starbucks coffee!
Starbucks
Starbucks
...enough to fill 155 Olympic-sized swimming
pools
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Dells story is even more compelling...
Dell
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Starbucks
Dell currently employs 110,000 people worldwide.
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Interestingly enough, Dell started out with an
investment of 1000.
Dell
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Starbucks
Last year the company ranked 44 on the Fortune
500 and had revenue of 62.1 billion.
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While he was at the University of Texas in 1984,
Michael Dell founded the company and initially
ran it from his dorm room.
Dell
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Starbucks
Michael was buying his own parts and assembled
cheap machines which he sold to his classmates.
Large Companies Started With A Small Loan
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Dell
When the company made the Fortune 500 for the
first time in 1992, Michael was the youngest (27)
CEO to ever lead a company on the list.
Starbucks
He later decided to drop out of college and
commit to the business full-time.
Large Companies Started With A Small Loan
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Dominos Pizza dates back to the 1960's when it
was started by Thomas James Monaghan in
Michigan.
Dominos
In March 2010, Dominos Pizza opens its 9,000th
store worldwide
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Dominos
After a tough childhood in orphanages and foster
homes, and dropping out of college because he
could not pay the fees, one day Tom Monaghan
decided he would start a pizza shop with his
brother.
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CC BY-ND
Approximately 3 billion pizzas are sold in the
U.S. each year
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Dominos
They too started out with a loan they borrowed
900 from a local bank. A year later, James
decided he would leave the business and so Tom
continued alone.
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BY-SA
Each man, woman and child in America eats an
average of 46 slices of pizza each year.
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Dominos
Now Dominos is represented in 55 countries
worldwide and last year it had a revenue of
264,9 million.
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The three dots in the Dominos Pizza logo
represent the first three Dominos stores.
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Whole Foods Market
Whole Foods started in 1978 in Austin, Texas and
was then called Safer Way.
Photo credit Wikipedia
Today the company has more than 340 stores,
throughout the UK, Canada and US
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Whole Foods Market
In order to open the store, the founder John
Mackey and his girlfriend got a 45,000 loan from
family and friends.
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It's the eighth largest food and drug store in
the U.S.
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A year later they were evicted from their home
because they were storing the food products at
home.
Whole Foods Market
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It has 11.7 billion in sales in fiscal year 2012
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Whole Foods Market
They then moved on to live in the store where
they even used the Hobart dishwasher for taking
showers because the store was meant for
commercial use only.
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It has more than 73,000 team members.
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After a merger with another natural foods store,
Whole Foods Market was officially opened on
September 20, 1980 in Austin.
Whole Foods Market
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Every reusable Better Bag they sell is made from
80 percent post-consumer recycled plastic
bottles.
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By the mid-1980's they were already expanding to
other cities and 25 years later, in 2010, their
revenue was 9 billion.
Whole Foods Market
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It has been among Fortune Magazines 100 Best
Companies to Work For every year since the list
began.
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Walmart
There is only one boss the customer. And he
can fire everybody in the company from the
chairman on down, simply by spending his money
somewhere else. Sam Walton, founder of Walmart
Sam Walton literally put this idea of his into
practice, as he implemented a heavy price cutting
strategy, hoping that he would sell more that
way.
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Walmart
Sam made sure his shelves were always stocked
with a wide range of products and also focused on
smaller towns rather than large cities.
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Each week nearly one-third of the U.S. population
visits Walmart's U.S. stores.
Large Companies Started With A Small Loan
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Walmart
But it all started in 1945 when he left the
military, got a 20,000 loan from his
father-in-law and bought his first shop in
Newport, Arkansas.
Photo credit history8project
Walmart is the largest overall employer in the
USA, and the biggest employer in 25 states.
Large Companies Started With A Small Loan
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Walmart
In three years his sales grew from 80 to
225,000. In 2012, Walmarts revenue equaled 446
billion.
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BY
Walmart parking lots alone take up roughly the
size of Tampa, Florida.
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More than anything else, the point in all of the
above examples is that businesses do not
necessarily require big capital to get started.
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The secret of getting ahead is getting started -
Mark Twain
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Rather, it is courage and personal
entrepreneurial qualities that turn a
garage-store into a world famous brand.
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You have to be smart. The easy days are over -
Robert Kiyosaki
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Thank You!
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Zillidy is a Canadian alternative finance company
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