The Coca-Cola Company has been one of the world’s most recognized and beloved brands for decades now. From its beginnings in 1886, when it was created by pharmacist John Pemberton, to today where it is a global beverage giant with annual revenues of over $42+ billion (2022) – Coca-Cola has come a very long way….
If you haven’t heard about Dick Kovacevich, he is an American businessman who served as the chairman and CEO of Wells Fargo from 1998 to 2007. He previously served as president and chief operating officer at Norwest Corporation, prior to their merger with Wells Fargo in 1998. In addition, he has held numerous corporate positions including…
Are you wondering about how to become an entrepreneur? Most entrepreneurs are simply born this way (this doesn’t mean that you can’t learn to be one of them, too). This is why there are so many millionaires and even billionaires who have never graduated from college. Some of them haven’t even finished their high school…
One of the greatest entrepreneurs of our time, the founder of one of the most innovative and successful companies in the world – Apple, had been working for only 1 dollar annual salary for the last 15 years! This way Steve Jobs was one of the ‘worst’ paid chief executive officers for many years in…
Did you know, that Microsoft bought the prototype of their first disk operating system “MS-DOS” from a man working in a small computer company named “Seattle Computer Products”? Tim Patterson, an engineer in this enterprise, had developed the operating system for six weeks, for internal purposes only. He named it QDOS – “Quick and Dirty Operating…
Did you know, that the minimum hourly wage was 25 cents, when the federal minimum wage law was enacted back in 1938. This was equal to 4 dollars today’s money. Having this in mind, the average minimum hourly earning has increased only twice in real terms and 16 times (to $8) in nominal terms. In…
History In 1893, Caleb Bradham created a drink in his home spicing it with kola nuts and the enzyme pepsin. At first, he called it “Brad’s Drink” and this was the first name of Pepsi Cola. It was so delicious that he soon started selling it in his neighborhood. Later, in 1998, this tasty beverage…
In BusinessIdeasLab we have been writing about some of the greatest and the most successful start-ups in all time. But in the start-up world, things are not going always smoothly, contrariwise, most of the newborn companies actually end up in flames. Different statistics show that more than 45% of start-ups in the United States survive…
History There are many inspiring stories about young entrepreneurs, who started successful business and made some millions. But if you have missed doing this in your salad days, you should not lose faith. Here is a story about a man in his 60s, who founded one of the most popular companies from all over the…