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Entrepreneurs: Leaders In Change

Entrepreneurs: Leaders In Change . Ida Manning Executive Director Illinois Institute of Entrepreneurship Education. Admiral Zheng He b. around 1371, d. 1433.

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Entrepreneurs: Leaders In Change

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  1. Entrepreneurs: Leaders In Change Ida Manning Executive Director Illinois Institute of Entrepreneurship Education

  2. Admiral Zheng He b. around 1371, d. 1433 • In seven voyages from 1405 to 1433, Zheng He spread China's goods across the world and returned with treasures for the Ming Dynasty

  3. Benjamin Franklinb. 1706, d. 1790 • A writer, publisher, inventor, politician and diplomat, he always considered himself a businessman.

  4. Mayer Amschel Rothschildb. 1744, d. 1812 • Rothschild's banking empire would stretch across Europe, essentially becoming the world's first international bank

  5. John Jacob Astorb. 1763, d. 1848 • Came to New York in poverty at age 20 and built a near-monopoly in the global fur trade. • 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

  6. John Rockefellerb. 1839, d. 1937 • Rockefeller started his first business selling grain and other goods before he was 20 . • By buying out oil refineries around Cleveland and New York after the Civil War, Rockefeller soon dominated the market

  7. Andrew Carnegieb. 1835, d. 1919 • 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.

  8. Estee Lauderb. 1907, d. 2004 • In 1946, she founded the company that bears her name to sell makeup and perfume in high-end department stores around the world • 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

  9. George Washington Carverb. 1864, d. 1943 • 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

  10. Henry Fordb. 1863, d. 1947 • Ford did not invent the automobile, but he made it affordable to the middle class that he helped create • His manufacturing process created the modern car industry, and with it, the car culture of the 20th century

  11. Milton Hersheyb. 1857, d. 1945 • In 1905, Hershey built the world's largest chocolate factory in Pennsylvania • Millions enjoy what once had been reserved for the wealthy. Selling "low-cost luxury" became a viable business model

  12. Harland “Colonel” Sandersb. 1890, d. 1980 • Kentucky Fried Chicken, pioneered by Colonel Harland Sanders, became one of the largest quick service food service systems in the world • A billion "finger lickin' good" KFC dinners served annually in more than 80 countries and territories.

  13. Madam C.J. Walkerb. 1867, d. 1919 • Walker's line of hair-and-beauty products geared toward blacks tapped into a market ignored by other businesses because of racism • She set an example for generations of entrepreneurs in a time when women were still struggling for voting rights

  14. Thomas Edisonb. 1847, d. 1931 • Edison's relentless innovation made him the most prolific inventor of his time • 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

  15. Ray Krocb. 1902, d. 1984 • Ray Kroc turned a California burger shack into a brand whose golden arches span the globe • By investing in franchisees, Kroc drove the inexorable growth of McDonald's and created one of the most visible brands in history

  16. Walt Disneyb. 1901, d. 1966 • The first multimedia empire was built on animation • He also founded Disneyland . • His company owns: Buena Vista Pictures Entertainment, ABC TV, ABC Family Channel, and ESPN

  17. Earl Gravesb. 1935 • Founded Black Enterprise magazine in 1970, a publication that recognized the expanding financial power of the black community and helped spur its growth • Boasts a paid circulation of half a million and has been profitable since its 10th issue

  18. Andy Groveb. 1936 • He helped found Intel and navigated the company's shift from making memory chips to microprocessors • During his tenure as CEO from 1987 to 1998, Intel grew at a rate of 30% annually

  19. W. K. Kelloggb. 1860, d. 1951 • Kellogg's accidental discovery, promoted with savvy marketing, transformed the way Americans eat breakfast • Kellogg grasped the idea that kids influence buying decisions—galvanizing the brand's success

  20. Martha Stewartb. 1941 • Started a catering business out of her Westport (Conn.) home in 1976 • Went on to expand into retail, publishing, television, and merchandising

  21. Azim Premji b. 1945 • Premji built a leading IT company as the industry was growing and he expanded into the global market by adhering to rigorous standards.

  22. Bill Gatesb. 1955 • By linking his Microsoft software to IBM's first PCs, he dominated the industry • He developed a two-prong strategy of expanding the market while maintaining a strong hold on competitors

  23. Jeff Bezosb. 1964 • Founded Amazon.com, in 1994 • Bezos pioneered techniques that have become staples of online sales.

  24. Michael Dellb. 1965 • Created a new model for PC sales • Cutting out the retail middleman and custom-building computers to suit buyers' needs put Dell at the front of the class of PC makers

  25. Oprah Winfreyb. 1954 • Oprah Winfrey turned her name into one of the most successful and respected brands in the world • Leveraged that fame into other interests: magazines, Web sites, film and television production and Social Entrepreneurship.

  26. Muhammad Yunus b. 1940 • 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

  27. Richard Bransonb. 1950 • 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 • 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

  28. Steve Jobsb. 1955 • 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

  29. Tom Anderson & Chris DeWolfe • Founders of MySpace.com • Registering 160,000 people per day with no marketing • As of September 2007, there are over 200 million accounts.

  30. Ralph Laurenb. 1939 • Like many successful entrepreneurs, Lauren was selling lifestyle more than product • Lauren imagined a market for men's fashion as large as that for women

  31. Sam Waltonb. 1918, d. 1992 • The man who built the world's largest retailer on low prices: Wal-Mart • Bought direct from manufacturers and made his stores as efficient as possible, sending the savings back to consumers

  32. Chad Hurley, 29; Steve Chen, 28 & Jawed Karim, 27 • Founders of YouTube • Broadcasts 100 million short videos daily on myriad subjects • Sold to Google

  33. Pierre Omidyarb. 1967 • Founder of EBay, which made the promise of the Internet a reality by connecting far-flung customers with the goods they wanted to buy

  34. Tyler Barnett, 24& Jason Ellman, 25 • Founder of Los Angeles PR Firm, Barnett Ellman • Four-employee firm's revenues in 2006 were around $15,000 a month and estimates doing about $30,000 a month in 2007

  35. Lee Brown, 23; Lucas Brown, 23 & Lin Miao, 20 • Founded marketing firm Tatto while students at Babson College in 2005 with a $100 investment • Revenues are $25 million for 2007 and expected to grow to $50 million by 2008

  36. Deborah Umunnabuike, 23; Jessica Umunnabuike, 21 & Vincent Choi, 23 • Sisters are co-founders of Avant Gaudy, an online vintage clothing shop • Almost 26,000 visitors from more than 30 countries to their website • Recruited Hong Kong native Vincent Choi to bring a global perspective to the business and better reach shoppers in Asia

  37. Mitch Cohen, 20 • Started his latest company, ClixConnect, to help online retailers improve customer service on their Web sites • Started his first business when he was 16 • The six-employee business, has landed about 70 clients so far

  38. Max Crane, 19; Tyler Dikman, 23; David McIntosh, 20 & Darian Shirazi, 20 • Co-founders of nine-person software application and social networking company Redux • Began business in December 2006 and raised $1.65 million in venture capital in March, 2007

  39. Francesco DeParis, 24& Kyle Redinger, 24 • Founders of DeParis Redinger, a boutique investment bank that specializes in mergers-and-acquisitions advisory for small tech firms • The firm, which opened for business in December, 2006, does $10 million to $20 million deals

  40. Max Durovic, 24 & Michael Kenny, 23 • This duo started their own business, Aarrow Advertising, with $100 • Employs 40 full-timers and 460 part-timers who range between 16 and 25 years old • Had $2.3 million in sales in 2006 and projects $4.2 million this year

  41. Gabriel Erbst, 24; Will Geronimo, 25 & Dwight Lee, 24 • Co-founders of TableXChange, an online marketplace to buy and sell restaurant reservations • Expects the business to be profitable by the end of 2007

  42. Eugene Fernandez, 24 & Richard Scalesse, 24 • Founders of Unique Squared, an audio equipment online retail shop • Began in March, 2007, with an initial investment of about $6,000 and is already profitable

  43. Ashutosh Gupta, 19 • Owner of Gupta Financial Consulting • Has clients with revenues between $200,000 and $3.3 million • Estimates his business will have revenues between $150,000 and $300,000 this year

  44. Ben Keighran, 25 • Founder of Bluepulse.com, where users can download a free application that works on most Internet-enabled phones • Downloaded by about 3 million people • Landed about $6 million in venture capital

  45. Jake Kloberdanz, 24 • Launched Hope Wine, a winery that gives 50% of the profits from sales of its wines to charity • Hope Wine is available in about 100 locations • Hope has donated $20,000 to charity since launching, and he estimates revenues of $3 million to $5 million in 2008.

  46. Jasmine Lawrence, 16 • After a chemical hair relaxer caused almost all of her hair to fall out, she decided to make her own • After borrowing $2,000 from her parents, the high school junior launched her company, Eden Body Works • This year she expects to earn $100,000 in sales

  47. Shawn Liu, 25 • Started bespoke clothing company Hillhouse Tailors, which sells men's dress shirts made in Shanghai to the U.S. market that start at $65 • 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

  48. Amit Nar, 22 • Founder of A Better Night’s Sleep, a center to test and treat sleep disorders such as apnea, insomnia, and narcolepsy • Expects revenues of around $500,000 in 2008

  49. Arun Parameswaran, 24 & Arjun Parameswaran, 22 • Founders of Astutant.com which offers accounting services to small- and midsize businesses • Estimates that their companies will earn $4 million in revenue this year. By 2014 their goal is to pull in $100 million

  50. Polina Raygorodskaya, 21 • Owner of a fashion production services business, Polina Fashion • Has already produced about 50 events, with price tags of $2,000 to $15,000 per event

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