10 Inspirational Quotes On Being An Entrepreneur

Being an entrepreneur can be very rewarding but nobody will say that the journey is easy or simple.  Hard work is essential for success but passion is also important.  The more you love what you're doing, the simpler the process will be.  If you do have that great idea, there is no better time than now.

And a bonus quote from Steve Jobs:

10 Inspirational Quotes About Entrepreneurship

Being an entrepreneur can be pretty stressful but also very rewarding.  The freedom to do as you see fit to make your business grow can make the ensuing success all the more satisfying.  Be sure to plan ahead and learn as much as you can about operating a business.  Remember, luck often is the result of hard work meeting opportunity.

Lamborghini and Federal Express: Two Inspirational Start-up Stories

A previous article dealt with the stories of how some companies such as Pez and Gillette had their origins.  Here is the story of two more companies - Lamborghini, dealing with the world of exotic sports cars, and Federal Express, which pioneered overnight delivery.

Ferruccio Lamborghini had humble beginnings, being born to grape farmers in Italy in 1916.  It was his passion for mechanics as opposed to farming that led to his eventual wealth and fame.

 Lamborghini was more interested in machinery than grapes.  He studied mechanics at a technical institute and served as a mechanic for the Italian army in Rhodes during the Second World War.
After the war, he became quite wealthy as a manufacturer of tractors thanks to his background in farming and mechanics.

Had the story ended there, it would have been a nice tale about how a man born to farmers became successful and wealthy selling tractors.  However, only people who dealt with tractors would have known his name.

It so happened that Lamborghini had another passion.  As a young man, tractors were fine to get the farming jobs done but they obviously weren't very exciting.  He used his mechanical gifts to tinker with cars and turn them into roaring speedsters.  He started with small Fiats and then turned to Mercedes-Benzes, Jaguars and Maseratis.  It was much more fun to race speedsters than to drive a tractor across a field.

It was his Ferrari automobiles that sparked Lamborghini into starting up his own sports car brand.  He always had problems with the clutch on his Ferraris when driving fast and the repairs done by Ferrari technicians never worked.  He was so angry that he eventually complained to Enzo Ferrari himself, who retorted, 'Stick to your tractors and leave sports cars to the experts'.

The rest is history.  Lamborghini went by the principle that if you want to do something right, you should do it yourself.  He also knew that profits were much higher with exotic sports cars rather than tractors and the product was a lot more glamorous!

He combined his passion and his expertise to create the Lamborghini sports car and become a household name.  Had Enzo Ferrari been more polite, Ferruccio Lamborghini may have never built sports cars but it sometimes takes conflict to spark the passion that leads to new ventures.

Who would have thought that a tractor company would eventually produce a sports car that would be enjoyed by the likes of Floyd Mayweather, George Clooney, Kim Kardashian, Kanye West and Cristiano Ronaldo?  It shows that anything can happen when your dreams are unlimited and you put in the work to match those dreams.

Fred Smith used his passion for flying as a basis for a start-up that became Federal Express.  He attended Yale University in the early 1960's and wrote a paper for an economics class that touted the model of using specialized air transport to deliver packages.   This flew in the face of the current system at the time which used trucks, rail or passenger airplanes.  Fred Smith later said that his paper got a 'C' from the professor but he kept hold of the idea.

His goal was to start a company that used its own airplanes.  These planes could deliver goods much more quickly than relying on airlines which put their own passengers first and has their own schedule.  As the saying goes, "Time is money."  

Using Fred Smith's system, his company combined both air and ground transport under its own umbrella.   Packages and goods were picked up from the sender and transported to the recipient exclusively on Federal Express planes and vehicles .  This was much more efficient than sending packages to a regular airport and waiting for the first plane that had room to take on such items.  The old system meant that the courier had no control over the air transport.  The new system put this into the hands of the company and increased both efficiency and reliability.

This led to the famous slogan:

Fred Smith was such a believer in Federal Express in the early days that he went to Las Vegas when the company was down to its last $5,000 and gambled it all at the blackjack tables.  He won $27,000 and this kept the company afloat by paying its overdue fuel bill.  This method of raising funds is definitely not recommended but it did allow the company to become what it is today.

Ferruccio Lamborghini had humble origins but used his knowledge and passions to create one of the most famous sports car brands in the world.  Fred Smith used his passion and background in flying to start a company that revolutionized express delivery and became the largest such company in the world.  It is through such efforts that many of today's corporations had their start.  Make sure that you follow your passions and use your expertise since you never know where they can lead.

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Business Start-Up Lessons Of Some Famous Companies Such As Pez

We all know the origins of modern companies such as Google (formed by Larry Page and Sergey Brin), Microsoft (founded by Bill Gates and Paul Allen) or Ford (Henry Ford).

However, there are many older well-known companies which were formed by unorthodox but inspirational methods.  Here's the story of some very famous brands.


PEZ

Eduard Haas hated smoking with a passion.  He developed PEZ as a peppermint-flavored candy in the 1920's to substitute for cigarettes for smokers in Austria.  Eventually, he traveled to the United States in the 1950's and tried to do the same thing there.  It didn't catch on and failed.  His solution?  Funny heads on top of the Pez dispenser and fruit flavors so that children would clamor for them.  It became a huge success (and the basis for a Seinfeld episode).

SCRABBLE

If you're an unemployed architect in the 1930's, what do you do?  If your name is Alfred Butts, you can try to invent a game.  He did try but two circumstances delayed its debut: he found a job and his idea was rejected as more intellectual than fun.  In the late 1940's, Butts tried again with a friend and manufactured the game himself.  In a couple of years, Scrabble became a national bestseller selling millions of copies.  Around 30 years later, Trivial Pursuit would follow a similar road to success.  You can read about Trivial Pursuit's success HERE. 

GILLETTE

In the 1890's, 'disposable' items weren't as common as they are now.  Razor blades certainly would be a candidate since most men shave every day and the razors can get pretty dull after a while.  King C. Gillette, a travelling salesman, saw the potential and went to work to perfect a disposable blade.  The concept was simple but making the blade thin enough saw him try and try again hundreds of times.  He succeeded after a few years and Gillette was sold for $57 Billion in 2005.

BIRDSEYE

Frozen dinners, frozen vegetables, frozen fishsticks and other frozen foods are a huge industry and everybody has a freezer stocked with more than just ice cubes.  Charles Birdseye first thought of the idea of commercially-prepared frozen food in the 1910's on an Arctic expedition.  He observed natives in the Arctic preparing caribou meat which had been quick-frozen in the cold and then thawed months later.  The cooked meat still had its original flavor.  The problem was how to duplicate the quick-freezing process in warmer climates where there was no Arctic ice conveniently around.  It took him years but he developed a process that worked and the frozen food industry was born, making him a multi-millionaire by 1929.

Many companies were not formed by a group or committee but rather entrepreneurs who had a brainstorm and saw a public need that could be filled.  Of course, it took years of work to achieve success but their stories are certainly an inspiration for all of us.




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