How did the idea for Most Companies come about? What were its creators’ backgrounds and what was their inspiration? Did they know that they had come up with something special, or did they have to find out the hard way?

There are countless examples of companies whose founders started off without any grandiose visions of success, but who ended up changing the world with their ideas.

The stories behind some of these businesses can give you insight into how business ideas can come about and just how far they can take you. Read on to learn more about how the following companies got their start

Meaning Of Business

A business is an organization or economic system where goods and services are exchanged for one another or for money.

Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. Businesses can be privately owned, not-for-profit or state-owned. An example of a private business is a corporation.

A corporation is a legal entity that is separate from its owners. A not-for-profit organization, on the other hand, uses its surplus revenue to achieve its goals, rather than distributing it among shareholders.

Lastly, a state-owned enterprise is owned by the government of a country. The degree of control exercised over these enterprises varies from less than 50% ownership to majority ownership.

In the latter case, this kind of business could resemble a public corporation because they usually enjoy many or all of the benefits afforded to corporations such as limited liability, favorable tax status and so forth.

Most people have never thought about how their favorite company came into existence; we’re all too busy thinking about how we will use what they offer. But with this list you’ll know exactly how your favorite company came into being!

Coca-Cola: John Pemberton was an Atlanta pharmacist who had been working with coca leaves to create a morphine substitute called Pemberton’s French Wine Coca. He first created the beverage at his Eagle Drug and Chemical Company in 1885.

It wasn’t until 1886 when Asa Candler purchased John Pemberton’s business partner Benjamin Thomas’ share of the formula that he began bottling and selling Coca-Cola in stores.

By 1888, John Pemberton dropped out of his partnership with Asa Candler after Candler refused to give him credit for inventing Coca-Cola.

So, even though John Pemberton was no longer part of the company he helped create, he still received payment up until the time of his death in 1888.

Apple: Apple Inc., formerly Apple Computer Inc., is an American multinational technology company headquartered in Cupertino, California. It designs and sells consumer electronics, computer software and personal computers.

One day during college Steve Jobs went to visit a friend named Steve Wozniak – but found out that Wozniak couldn’t actually go on their planned walk due to having earlier made plans with two potential investors for Homebrew Computer Club meetings later that evening.

Jobs decided instead to go without him – but only after refusing Wozniak’s offer to drive them both there later.

Zara

The story behind one of the world’s most successful businesses, Zara, is a fascinating one. The company was founded in 1975 by Amancio Ortega and Rosalía Mera. Ortega was a textile manufacturer and Mera was a seamstress, and together they created a fashion empire.

Today, Zara is the largest clothing retailer in the world, with over 2,000 stores in 96 countries. It has been valued at $64 billion, making it the ninth most valuable brand in the world according to Forbes magazine.
The key to Zara’s success lies in its low-cost strategy.

They aim to make their clothes as cheaply as possible and sell them for just 10% less than high-street prices – which means that profit margins are slim on each garment sold. Instead, Zara make up for this by selling vast quantities of items at very low prices.

By 2003, they were selling 12 million garments per year – 40% more than their closest competitor H&M – while still retaining those slim profit margins! But how do they do it? Well, here are some of the secrets:

1) Production costs are kept to an absolute minimum.

For example, designers can only choose six out of 20 fabrics presented to them when creating a design, meaning that manufacturing costs for any individual item can be cut by around 30%.

At the same time, if there is no demand for a certain design after six months then it will be scrapped without any production cost incurred. But these savings can’t happen without investment upfront… so what else is involved?

2) Their unique fast-fashion model allows them to react quickly to trends.

Indeed, the company now designs and produces 350 new collections every year, compared with 50 in 1994.

That’s because instead of using expensive patterns like other retailers might, Zara sketches out basic shapes on paper or sends samples back and forth between teams based on simple digital photos taken from various angles.

These sketches are then converted into precise computer models that generate stitch lines for cutting and sewing.

3) In order to create a large enough quantity of styles in order to keep up with all their different markets across the world, new collections often go through two iterations before being launched.

What Is A Business Idea?

A business idea is a concept that can be used for commercial purposes. An idea is simply a thought or suggestion, but to turn it into a reality, it must be given form, shape and substance.

To make it commercially viable, a business idea must solve a problem or fill a need that people have. It must also be something that people are willing to pay for. When you have an idea for a business, the first step is to evaluate its potential.

This means looking at whether there is a market for your product or service and whether you can realistically make money from it.

If the answer to both these questions is yes, then you have a viable business idea on your hands! Next, you need to know what the next steps are. For example, how do I get started? What does my company look like?

What will my product cost? You may already know this information, or you may not. Regardless of where you’re starting from, developing a plan will help ensure success and give clarity to your next steps.

The question isn’t What should I do? The question is What should I do next? And the best way to find out is by making a business plan. Before you start, take time to think about what your future would look like if everything goes well with your new business.

Visualize yourself standing in front of customers as they buy your products and ask them how they feel about them. Imagine yourself getting up every morning excited because this is exactly what you want to do with your life.

Finally, think back over all of the experiences in your life so far- even if they were challenging- and figure out which one prepared you best for owning a successful business. Keep all of these thoughts in mind as you start making decisions about how to move forward with your idea.

Starbucks

The story of Starbucks is one that has been told many times. In 1971, two college friends, Jerry Baldwin and Gordon Bowker, opened a coffee shop in Seattle. The store was called Starbucks Coffee, Tea, and Spice.

The name was inspired by a character in the Herman Melville novel Moby-Dick. The store became a success, and in 1982, they opened a second location. Today, Starbucks has more than 28,000 locations around the world.

It has become a household name. For every $1 spent at a Starbucks, 80 cents goes back to the company as well as 20 cents that are given to their employees.

The coffee giant also provides benefits such as healthcare, stock options, 401k matching program, and tuition reimbursement.

As we all know, Starbucks is not just for coffee lovers. They offer much more than that. Whether it be an ice blended drink or a sandwich, customers can find something for everyone at this popular coffee chain.

One thing people may not know about Starbucks is that they sell home goods as well! You can find items like mugs, blankets, kitchen items, clothing and accessories on their website!

What started out as just a simple coffee shop has grown into an international company with stores all over the world! One thing I find interesting about Starbucks is how they use technology.

Technology has changed so much since Starbucks began in 1971, but it’s still important to them. Customers who download the mobile app will receive free refills and digital rewards, while baristas get paid when someone uses their mobile app.

Microsoft

Bill Gates and Paul Allen founded Microsoft in 1975, and it has since become one of the largest tech companies in the world. But how did they come up with the idea for Microsoft? It all started with a computer programming language called BASIC.

Gates and Allen created a version of BASIC that ran on a popular microcomputer at the time, the Altair 8800. They then licensed their software to MITS, the company that manufactured the Altair.

From there, Microsoft continued to develop new software for personal computers, and the rest is history.

In 1997, Gates stepped down as CEO, but he remains chairman of the board. In 2014, Forbes reported that his net worth was $78 billion – making him not only one of the richest people in the world but also among the wealthiest individuals in history.

What do you think about when you think of Walt Disney? For many people, Mickey Mouse comes to mind.

And indeed, Walt Disney Pictures and its subsidiaries like Pixar are responsible for over half of the animated feature films released by Hollywood each year.
But this iconic American media empire didn’t just magically happen overnight.

Virgin Group

Sir Richard Branson started Virgin Group in 1970 with a student magazine called Student. The Virgin brand grew quickly, and by 1972 they had started a record label and mail-order record company.

In 1973, they opened their first Virgin Megastore, and in 1974 they launched Virgin Atlantic Airways.

The Virgin Group now includes over 400 companies in 30 countries. Branson has gone on to found more than 200 companies in sectors as diverse as music stores, mobile phone services, airlines, radio stations, trains, cola beverages and much more. His motto is Screw it, just do it.

Branson says that he doesn’t worry too much about risk because if you never take risks then you’ll never make any money. He believes that if you really believe in your idea, then people will back you up.

Airbnb

In 2007, Brian Chesky and Joe Gebbia couldn’t afford the rent on their San Francisco apartment. So they came up with an idea to make some extra money: they would turn their place into a bed and breakfast.

They didn’t have much furniture, so they offered air mattresses and breakfast cereal to guests. And so Airbnb was born.

Today, it is one of the most successful businesses in the world, worth billions of dollars. Their success? It wasn’t easy – they were turned down by almost 30 banks when trying to get funding for their start-up. They also faced pressure from the government who wanted them to shut down because it was illegal under city law at the time.

It took three years before the company became profitable but within ten years Airbnb had grown 100 times over what it was originally worth.