Connect with us

Success Advice

Over 100 Highly Successful Companies That Started During Tough Times

Published

on

Image Credit: MTV

“Success is like a giant iceberg,” writes author and motivational speaker Alex Altman. “What people see is only on the surface.” Wise words! And especially in an age where everyone can look like a winner with a carefully crafted Instagram post.

But as Alex points out, behind the picture of a billionaire kicking back on a private yacht, there’s an underwater mountain of early mornings, late finishes, rejection, and a few failures. In other words, real success doesn’t come easy. It’s up to us to go out there and build it. 

So what do you during the times when everything seems stacked against you, like now? After all, starting a new business in the middle of a global recession can’t be a good idea, surely? Many would argue otherwise, and that includes some of today’s top entrepreneurs and CEOs. In fact, as BusinessFinancing.co.uk found out, over a hundred of the Fortune 500 companies launched during massive economic downturns. 

And instead of seeing a recession as an obstacle to success, the best business people view it as an opportunity to offer something new. Former schoolmates  Brian Chesky and Joe Gebbia unveiled Airbnb in 2008. At the time, the world was locked in a global credit crunch. Airbnb cut prices for customers and created a market where cash-strapped homeowners could earn an income. 

Groupon had the perfect business model for a global recession – saving people money. The E-commerce and voucher code provider also launched in 2008 and attracted 35 million users within its first two years.

 And remember, even the most incredible journeys often start from humble beginnings. Back in the US depression of 1960, Tom Monaghan borrowed $900 to open a pizza restaurant to feed hungry university students. He called it Dominos, and that little pizza place is now a worldwide brand that makes $400million a year. 

Here’s a look at some other companies that didn’t let anything block their path to success.

Ashley Murphy graduated with a BA (Hons) in English Literature and Creative Writing from the University of Manchester. He began working as a freelance content writer in 2015. He specializes in technology, higher education, advertising copy, and current affairs.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Entrepreneurs

Building a Business Empire: Lessons from the World’s Boldest Entrepreneurs

Learn essential lessons, success strategies, and mindset shifts every aspiring entrepreneur needs to overcome challenges and build a thriving business.

Published

on

how to build a business empire
Image Credit: Midjourney

Back in July 2017, I attended a business seminar on entrepreneurship in India. With my appetite for learning and meeting new people, I wanted to explore the latest developments in the entrepreneurial world. (more…)

Continue Reading

Change Your Mindset

Why Ideas Are More Valuable Than Resources for Entrepreneurial Success

Discover why ideas, not resources, are the true driving force behind entrepreneurial success, innovation, and lasting growth.

Published

on

Power of ideas in entrepreneurship
Image Credit: Midjourney

History shows us that the greatest minds, Albert Einstein, Thomas Edison, Oprah Winfrey, Michael Jordan, Walt Disney, Stephen King, and countless others, faced failure early on. Yet, instead of seeing failure as the end, they treated it as a comma in their story, not a full stop. (more…)

Continue Reading

Personal Development

Discipline Creates Freedom: Why Systems Make Success Sustainable

Discipline over motivation is the key to consistent progress.

Published

on

Discipline over motivation
Image Credit: Midjourney

Most people believe success comes down to motivation. They wait for inspiration, wait until they feel ready, and then wonder why progress stalls. (more…)

Continue Reading

Finances

From Debt to Financial Independence: A Practical Roadmap Anyone Can Follow

It’s about having control over your money and not letting money control you.

Published

on

financial freedom tips
Image Credit: Midjourney

The 21st century has brought incredible opportunities but also new challenges. Rapid technological change, global uncertainty, and shifting lifestyles have made many people think more deeply about financial freedom. (more…)

Continue Reading

Trending