It is common to experience failure when you are starting a business. The only problem is that many people tend to give up when hit by an obstacle. When you look at history, you will learn of companies that were able to conquer their obstacles. this is a list of some of the best companies that have been able to change their circumstances for the best.
There is no doubt that Apple is the largest company that we have. The tech giant has been performing well in recent years, which has led it to be the most profitable company of our generation. However, there was a time when this company was faced with huge obstacles. The firing of the then CEO, Steve Jobs nearly bankrupted the company. After Steve Jobs was hired, the company managed to change its fortunes. There is an estimation of the company’s revenue which is around $300 billion. You can learn more here about Apple.
There is no denying that FedEx is the largest company in the logistics industry. The company came into existence in the 70s and was created by Fredrick Smith. He invested the $4 million he got as an inheritance into the business. However, due to large debts, the company nearly shut down. He was able to save the company when he gambled the $5000 in a casino. Learn more here about this company.
There is no denying that Reddit remains to be the largest companies today. Before the company became popular, it had very few users. The founders resulted in creating fake accounts for the company. The company started seeing success after it was bought by Conde Nast in 2007. Since the acquisition, the company has managed to make a name for itself. It is number four in the US as the largest company. It also has over 550 million active users. You can learn more here about Reddit.
Airbnb was launched in 2008 but didn’t experience any success. The company didn’t have any revenue and the owners decided to try other ways of making money. They were able to raise over $30,000 and were enrolled to an incubator. They learned everything about business and are a huge company with over $2.5 billion in profits. You can learn more here.
The history of Marvel is not a pretty one as they were not able to make much money until recently.T This company is responsible for the production of over 20 films and countless TV series today and has some contracted films that will run until 2020. Learn more here about Marvel.