Entrepreneurs are big risk takers and have the urge to stand out in the rat race. Not every business succeeds at the first attempt. A successful entrepreneur is someone who overcomes initial obstacles and moves forward on the road to success. We look at the greatest entrepreneurs of all time. These geniuses built a legacy and made life easier for generations to follow.
John D. Rockefeller is the richest man ever in history by a long way. His biggest achievement was creating efficiency through vertical and horizontal integrations that made Standard Oil the best in the market. His innovations made fuel prices drop drastically for consumers. Although Standard Oil was dissolved in 1911, Rockefeller continued his innovations with company’s life Exxon and Conoco. Till date, Rockefeller has established himself as the greatest figure of Wall Street, nearly 70 years after his death.
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Andrew Carnegie believed in efficiency all his life. His steel company, Carnegie’s mills were the leader in technology. Carnegie used his smart business sense and vision to take over steel assets at every opportunity. Today, Carnegie is remembered as a person with strong ethics and morals.
This is a name that has become synonymous with the automobile industry. Henry was disturbed at the prices that luxury cars were sold. He came up with the innovative concept of mass production that lowered the cost of automobiles and literally put the world on wheels. Ford’s principles make each car better than before and certainly cheaper and thus Ford has become synonymous with quality and cost efficiency.
Charles Merrill is credited with enabling the middle class of dreaming big. Merrill made the stock market more approachable for everyone by cutting down on commissions, thereby serving more people. Merrill always looked after the interest of his clients first and that is what made him stand out on Wall Street.
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Sam Walton changed the distribution system and made several innovations in the industry. He made it possible for big stores like Wal-Mart to save on shipping and have goods delivered quicker to them. This made the supply meet the demands and thereby helped curb inflation to a huge extent. Walton was known for passing on his profits to customers, thereby making him very popular in the business world.
Charles Schwab, more popularly known as ‘Chuck’, took Merrill’s idea forward and revolutionized the trading world by making it accessible over the internet. Charles had a similar policy of cutting down on brokerage, thereby making him popular among clients and investors.
Here is a name we associate with entertainment. Walt Disney was a gifted animator and created his own animated films in a small studio garage. Mickey Mouse was a character inspired by a mouse roaming in his office. The introduction of Mickey Mouse to the world brought Disney recognition and encouraged Disney to create a cartoon world with several other characters. The rest, as they say, is history.
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There are very few people in the world who do not recognize this name. Bill Gates is known for his innovation and his ability to help people connect with the technological world is definitely ground breaking.
Steve Jobs revolutionized the cellular world and his company, Apple, has produced some of the greatest innovations in the smart phone category. What started as a computer company is one of the biggest brands in cell phones today.
Edison was the most brilliant minds of his time and his innovations were certainly groundbreaking. While Edison will definitely be known for his invention of the light bulb, many other innovations like the telegraph machine, movie camera, and phonograph system changed the world for the better.