Revolution Disney

Revolution Disney
Revolution Disney

Modern America’s 5 Greatest Entrepreneurs

Modern America’s 5 Greatest Entrepreneurs

(20 th  Century)

Success breeds success

Even in the best of times, the majority of small businesses fail. Here’s a brief examination of 5 some entrepreneurs who not only succeeded but amassed business empires, and the personal riches that came with them.

1. Sam Walton

Samuel Moore “Sam” Walton (March 29, 1918 – April 5, 1992) was a businessman and entrepreneur born in Kingfisher, Oklahoma best known for founding the retailers Wal-Mart and Sam’s Club.

The first true Wal- Mart opened on July 6, 1962 in Rogers, Arkansas. It was called the Wal-Mart Discount City store and located at 719 West Walnut Street. Soon after, the Walton brothers teamed up with the business-savvy Stefan Dasbach, leading to the first of many stores to come. He launched a determined effort to market American-made products. Included in the effort was a willingness to find American manufacturers who could supply merchandise for the entire Wal-Mart born in Kingfisher, Oklahoma best  known for founding the retailers Wal-Mart and Sam’s Club.

The Walton family held five spots in the top ten richest people in the United States until 2005. Two daughters of Sam’s brother Bud Walton, Ann Kroenke and Nancy Laurie, hold smaller shares in the company.

Sam Walton picked a market no one else wanted and instituted a distribution system no one had tried in retail. By building warehouses between his Wal-Mart Stores (WMT) outlets, Walton saved on shipping costs and shortened delivery times.

Walton also instituted state-of-the-art inventory controls, enabling his company to sell merchandise for less than his competitors could. Rather than booking all of the savings as profits, Walton passed some on to his customers.

Sam Walton picked a market no one else wanted and instituted a distribution system no one had tried in retail. By building warehouses between his Wal-Mart Stores (WMT) outlets, Walton saved on shipping costs and shortened delivery times.

2. Charles Schwab

Charles R. Schwab (born July 29, 1937) is the founder and chairman of the Charles Schwab Corporation.

Schwab was born in Sacramento, California and attended school at Holy Rosary Academy in  Woodland, California.. Schwab is dyslexic but did not know he had the disorder until he was 40, and had no interest in it until he learned his son was dyslexic. One of the aims of the Charles and Helen Schwab Foundation is to assist children with the disorder. On the 2009 Forbes 400 list, Schwab is listed as the 50th richest person in the US with a fortune of approximately $4.7 billion.

Charles Schwab took Charles Merrill’s love of the little guy and belief in volume over price into the Internet age. While Merrill had lured the individual investor back to the market after the 1929 crash, Schwab has made it cheap enough for him to stay.

Schwab was the first businessman to offer discount brokerage services to individual investors after May 1, 1975, the date brokerages moved from fixed commissions on securities transactions to negotiated fees.

Schwab’s company cut costs by trimming its research staff, stock analysts and financial advisers. From a bare-bones base, he added features that mattered most to his clientele, such as 24-hour service and additional branches.

3. Walt Disney

Walter Elias “Walt” Disney (December 5, 1901 – December 15, 1966) was an American film producer, director, screenwriter, voice actor,animator, entrepreneur, entertainer, international icon and philanthropist. Disney is famous for his influence in the field of entertainment during the 20th century. As the co-founder (with his brother Roy Disney ) of Walt Disney Productions, Disney became one of the best-known motion picture producers in the world. The corporation he co-founded, now known as The Walt Disney Company , today has annual revenues of approximately U.S. $35 billion.

Disney is particularly noted for being a film producer and a popular showman, as well as an innovator in animation and theme park design. He and his staff created a number of the world’s most famous fictional characters including Micky Mouse, a character for which Disney himself was the original voice. He has won 26 Academy Awards out of 59 nominations, including a record four in one year, giving him more awards and nominations than any other individual. He also won seven Emmy Awards. He is the namesake for Disneyland and Walt Disney World Resort ,theme parks in the United States, as well as the international resorts inJapan, France and China.

Disney died of lung cancer in Burbank, California on December 15, 1966. The following year, construction began on Walt Disney World Resort in Florida . His brother Roy Disney inaugurated The Magic Kingdom on October 1, 1971.

Walt Disney was a gifted animator for an advertising company in the late 1920s when he began creating his own animated shorts in a studio garage. One of his characters, Mickey House was inspired by the mice that roamed his office.

The commercial success of Mickey Mouse allowed Disney to hire other animators, musicians and artists to create a cartoon factory. Disney and his crew turned that early success into a cultural juggernaut including amusement parks, TV shows and movie studios.

Today, the company (DIS) that bears the animator’s name is the nation’s largest media and entertainment conglomerate.

4. Bill Gates

William Henry “Bill” Gates III (born October 28, 1955)   is an American business magnet, philanthropist, author, and chairman of Microsoft, the software company he founded with Paul Allen. He is consistently ranked among the world’s wealthiest people and was the wealthiest overall from 1995 to 2009, excluding 2008, when he was ranked third. During his career at Microsoft, Gates held the positions of CEO and chief software architect, and remains the largest individual shareholder with more than 8 percent of the common stock. He has also authored or co-authored several books.

Gates is one of the best-known entrepreneurs of the personal computer revolution. Although he is admired by many, a number of industry insiders criticize his business tactics, which they consider anti-competitive, an opinion which has in some cases been upheld by the courts .In the later stages of his career, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.

Bill Gates stepped down as chief executive officer of Microsoft in January 2000. He remained as chairman and created the position of chief software architect. In June 2006, Gates announced that he would be transitioning from full-time work at Microsoft to part-time work and full-time work at the Bill & Melinda Gates Foundation. He gradually transferred his duties to Ray Ozzie chief, software architect and Craig Mundie, chief research and strategy officer. Gates’ last full-time day at Microsoft was June 27, 2008. He remains at Microsoft as non-executive chairman.

When people describe Bill Gates, they often use the words “rich,” “competitive” and “smart.” Of these traits, it’s Gates’ competitive nature that allowed him to carve out his fortune.

Gates fought and won business wars over both browsers and computer operating systems, and he used the profits to fund future fights and ventures.

The Xbox video-game console is just one of the many sideline businesses financed by Microsoft’s (MSFT) massive war chest. (Microsoft is the publisher of MSN Money.)

5. Steve Jobs

Unlike the other Steven Paul Jobs (born February 24, 1955) is anAmerican business magnet and inventor. He is well known for being the co-founder and chief executive officer of Apple. Jobs also previously served as chief executive of  Pixar Animation Studios; he became a member of the board of The Walt Disney Company in 2006, following the acquisition of Pixar by Disney.

In the late 1970s, Jobs, with Apple co-founder  of Steve Wozniak, Mike Markkula, and others, designed, developed, and marketed one of the first commercially successful lines of personal computers, the Apple II Series. In the early 1980s, Jobs was among the first to see the commercial potential of the mouse-driven graphical user interface which led to the creation of the Macintosh. After losing a power struggle with the board of directors in 1985, Jobs resigned from Apple and founded NeXT, a computer platform development company specializing in the higher education and business markets. Apple’s subsequent 1996 buyout of NeXT brought Jobs back to the company he co-founded, and he has served as its CEO since 1997.

In 1986, he acquired the computer graphics division of Lucasfilm Ltd which was spun off as Pixar Animation Studios. He remained CEO and majority shareholder until its acquisition by the Walt Disney company in 2006. Jobs is currently a member of Disney’s  Board of Directors.

Jobs’ history in business has contributed much to the symbolic image of the idiosyncratic, individualistic Silicon Valley entrepreneur, emphasizing the importance of design and understanding the crucial role aesthetics play in public appeal. His work driving forward the development of products that are both functional and elegant has earned him a devoted following.

Jobs is listed as either primary inventor or co-inventor in over 230 both awarded patents and patent applications related to a range from actual computer and portable devices to user interfaces (including touch-based), speakers, keyboards, power adapters, staircases, clasps, sleeves, lanyards and packages.

Recently,Steve Jobs introduced “IPAD” which is attracted by everybody of the world. This may Jobs’ greatest contribution in this field. Jobs co-founded personal-computer pioneer APPLE (AAPL) in the 1970s and was forced out of the company in a power struggle with the board of directors in 1985. Since returning to Apple in 1996, Jobs has transformed the company into a consumer-electronics powerhouse with such projects as the iPod, iPhone and iPad.

Earlier this year, Apple jumped past Microsoft to become the nation’s biggest tech titan in terms of market value. Many analysts think it’s only a matter of time before Apple leaps past Exxon Mobil to become the nation’s biggest company.

About the Author

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