Everybody knows Michael Dell as the founder of Dell Computers, but did you know that he founded the company with only a $1000 investment? Here is a short story about him with some other cool facts from his biography. Michael Dell was a smart kid. His parents wanted to make a doctor out of him,…
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…
Online marketing has been growing for many years and it has become a constantly expanding multi-billion industry. Any business must have a presence online, nowadays this can be the difference between failure and success. SEO is one of the most, if not the most important aspect of online marketing. Companies from all around the world…
Success in business can be achieved in many different ways, but if we look globally at successful entrepreneurs, we can find that they have many things in common. So if you are wondering how to be a successful one, here are 15 of the most common characteristics we believe most of them have: 13 characteristics…
Starting a business is actually not that hard. Making it successful and keeping it this way is a tough task. Actually starting up is one of the easiest steps of the entrepreneurship game. Yes, there are many problems you need to solve before you launch your company – what to do, where to get money…
They are some of the super bright stars in the world of entrepreneurship. They are young, they are determined, and they are running a startup. I came across this cool movie about the lives of some of the youngest and super successful entrepreneurs. This is actually a documentary video about online entrepreneurs from the old…
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…