Connect with us

Success Advice

Over 100 Highly Successful Companies That Started During Tough Times

Avatar

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.

Success Advice

The Biggest Man-Made Myth and What You Can Do About It

Avatar

Published

on

Image Credit: Unsplash

Everyone hates to admit it, but you know it’s true. Time is our most essential asset if used efficiently. We all have 24 hours in our schedules. Thus, no matter what anyone says, we’re equal. It’s how we use our time that makes all the difference. (more…)

Continue Reading

Success Advice

4 Reinvention Strategies Leaders Can Learn From Legally Blonde

Avatar

Published

on

Image Credit: Legally Blonde

Legally Blonde recently celebrated a milestone on July 13. The twenty-year-old movie franchise revolves around Elle Woods who wanted nothing more than to be married to Warner Huntington III, but the rejection she faced from him spurred her to reinvent and for us to fall in love with the buoyant blonde. (more…)

Continue Reading

Success Advice

How I Turned an Unpaid Internship Into a Business

Avatar

Published

on

Image Credit: Unsplash

Not every internship works out, let alone an unpaid internship. Internship experience can range from coffee runs to hands-on project management. Regardless of the actual responsibilities you have in your role, an internship is what you make of it. My most successful internship was the one I took straight out of graduate school that inspired the idea behind a big-name Hollywood entertainment business. (more…)

Continue Reading

Success Advice

5 Dos and Don’ts When Starting a Business With a Friend

Avatar

Published

on

Image Credit: Unsplash

Friends are an essential part of our lives. They’re the people who help us overcome hardships and achieve our goals during childhood, youth, and adulthood. But can you start a business with a friend and be successful? We all know how friendships work. You get used to and take liberties with each other. There’s almost no end to the number of times you’ll “let it slide” when your friend makes a mistake. (more…)

Continue Reading

Trending