We all know that running a business involves a lot of trial and error, determination, problem solving and innovation in order to thrive. Motivation can dip at points, especially when things go wrong. Here are 5 inspirational facts you might not know about some of todays’ biggest companies.
FedEx’s founder took the companies’ last $5,000 and gambled it in Vegas to save the company from financial ruin. In 1974, Fred Smith used the $5,000, paid for a flight and gambled the rest in the casinos. He turned that $5,000 into $32,000 by playing Black Jack, thus saving the company who are in a much better position today, worth an estimated $25 billion.
Coca-Cola sold only 25 bottles in its first year of trading, you may have seen that fact on a meme on Facebook – But did you know that they found over 94% of the world recognised the Coca-Cola red and white logo, making it the most recognisable brand in the world?
American Airlines saved $40,000 in one year by removing one olive from each salad served to first class passengers.
Quality takes time! It takes 6 months to build a Rolls Royce, but only 13 hours to build a Toyota. This is because Rolls Royce are made to order and are handmade. Each one is supposed to symbolise luxury, and production line’s take away that craft. Here’s the full explanation on Quora.
Tech companies often test new products in New Zealand. The people of New Zealand are tech savvy and English speaking, and pretty much isolated. This allows them to test products well, and news of bad products or flops doesn’t spread often to damage the companies’ reputations.