Entrepreneurs by Doug Schoemer

Entrepreneurs by Doug Schoemer https://padlet.com/dschoemer1_1/6obe8cspsobp Intro Econ Fall 2016 en-us 2016-11-16 20:02:55 UTC 2025-09-24 12:16:44 UTC hello@padlet.com Howard Shultz - Timmy Rupli https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138465538 Founder of Giornale and later CEO of Starbucks. "I always wanted to do something to make a difference."-Howard Schultz. Howard Shultz started his coffee career working for Starbucks and then he started a coffee company called II Giornale and later bought the original Starbucks in Seattle for $3.8 million dollars. He was born very poor in Brooklyn, New York. Shultz was very determined, however and vowed to be rich some day. He ended up with a scholarship at Northern Michigan University. After college, he worked at Xerox co. and noticed how the Starbucks Company in Seattle was buying a lot of expresso machines and wanted to check it out. Long story short, the company was impressed by him and offered him a high level job, which he took. Later he left and started his own coffee business, II Giornale, and later bought the business from the previous Starbucks owners.

Howard Shultz is very proud of what he has created. He says that his dad was a blue-collar worker. He didn't have health insurance or benefits, and I saw firsthand the debilitating effect that had on him and on our family. I decided if I was ever in the position to make a contribution to others in that way, I would. My greatest success has been that I got to build the kind of company my father never got to work for."

Important Traits
Some important traits of Howard Shultz are his ability to apply foreign situation to his own work. He was inspired by how Italians consumed their coffee and applied that to his shop. He was also extremely motivated especially since he grew up poor. A skill Shultz had is his ability to expand business. Starbucks now has over 11,000 locations in the U.S. because of Shultz's eye to expand.

"Howard Schultz". WME|IMG Speakers. N. p., 2015. Web. 18 Nov. 2016.
Howard Schultz. (2008). Entrepreneur. Retrieved 18 November 2016, from https://www.entrepreneur.com/article/197692]]> 2016-11-17 16:29:07 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138465538 Milton S. Hershey - Ethan Lloyd https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138467020 Founder of the Hershey Foods Corp.
"Give them quality. That's the best kind of advertising in the world." (Hershey).

Unlike the cold-hearted businesspeople of his time, Milton Hershey offered his employees well paying jobs and good working conditions. Thus, inspiring love and loyalty in his employees. Hershey's perseverance brought him success in the long run as he did not give up after attempting to start businesses in Denver, Illinois, Louisiana and New York. He finally settled down in Lancaster, Pennsylvania. His determination to succeed was evident when he sold his original caramel making company to switch full time to Hershey Chocolate Co. Hershey created a place for his employees that gave them affordable housing while creating a community that sprouted into a successful and healthy town. He valued his employees second to none, so when the Depression hit the U.S., Hershey made sure his employees were taken care of. Overall, Hershey's determination, love and perseverance led him to be a very successful, innovative and appreciated businessman.

Milton S. Hershey. (2008). Entrepreneur.

(2016). Mhskids.org. Retrieved 17 November 2016.]]> 2016-11-17 16:32:04 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138467020 Ray Kroc - Kevin Cruz https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138469556 Founder of McDonald's Corp
"The definition of salesmanship is the gentle art of letting the customer have it your way."-Ray Kroc

Mr. Kroc was a competitive man as he wanted to change the way that people had fast food. The best word to describe him is prosperous, as recent surveys have shown that every 1 in 8 americans has worked at a McDonald's at some point in their lives. That is good because that means that with more people working, that there would be more chances for there to be an expand his business. He was good at growing his business in a positive way, that people found good opportunities to work at his company. Not only did he do that but he also opened more than 25,000 restaurants worldwide. Another good word to describe him is unforgettable. The reason I have picked this word, is because he changed the world of fast food because he made sure that all of his food would taste the same no matter where you were in the world, and he was successful at doing that. It changed the way that people looked at fast food restaurants, because who wouldn't want their McChicken to taste the same in New York as it would in Japan? Lastly, the most important skill that Kroc had, was that he gave the people what they wanted, and more. Kroc knew how to satisfy his customers by giving them multiple food options and at price that everyone could pay for. He also gave them more by having specialty items that came around the holidays and even some items that were only available at certain locations.
A5.files.biography.com. N. p., 2016. Web. 18 Nov. 2016.
"Ray Kroc". Entrepreneur. N. p., 2008. Web. 18 Nov. 2016.
"Ray Kroc, McDonald's, and the fast food industry". Wiley. N.p., 2011. Web 18 Nov. 2016]]> 2016-11-17 16:37:30 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138469556 Phil Knight https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138469565
Trait: Empathetic/Understanding

Phil Knight understood the needs of an athlete, being one himself, so he designed his entire company around them. When other companies looked away from the more eccentric athletes, Knight was happy to scoop them up and let them be themselves. John Mcenroe is a great example, as he was one of Knight’s first big sponsors for Nike, and instead of telling Mcenroe how to act, he let him be himself, one the greatest personalities in sports.

Skill: Marketing

Nike is the gold standard for sports marketing, as Knight essentially created the "star" athlete. Sponsorships make the athlete, and Knight had a way of getting his clients into the public. Nike's slogan "Just do it" and the Jordan logo have basically made what we know of Nike. While these advertisements make the athletes out to be gods, Nike still inspires young athletes themselves to be just like the ones in the commercials.

"Philip H. Knight 1938–." Philip H. Knight 1938- Biography - Beginnings of Nike, Blue Ribbon Sports. N.p., n.d. Web. 18 Nov. 2016.

Image:
Jones, Riley. "Phil Knight Revealed When He Will Step Down as Chairman." Complex. N.p., 26 Apr. 2016. Web. 18 Nov. 2016.]]> 2016-11-17 16:37:31 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138469565 Orville Redenbacher ~ Sierra Coley https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138471060 Founder and Creator of Orville Popcorn.

He was born in Brazil, Indiana in 1907. Luckily Indiana is a great place to grown corn!

At the age of 12 Redenbacher began growing his own popping corn and it soon became his passion and his first business. He sold popcorn out of the back of his car to eventually save enough money because Orville was determined to attend college. Later at Purdue University he earned his Bachelor of Science in Agriculture.

Dedication:

After graduating college Orville began growing popcorn to be sold in supermarkets. By 1965 Orville and his partner Charles Bowman had created the perfect popcorn kernel which was light, fluffy and leaves little to no unpopped kernels, (the ratio was 44:1 popped to unpopped corn).

Orville died on September 19, 1995, but his famous popcorn has lived on to keep his memory alive.

.

]]> 2016-11-17 16:40:49 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138471060 Dave Thomas- Siron Hardy https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138472394 "What's the secret to success? Its no secret. You need a winning attitude, honesty, integrity, and a burning desire to succeed." (Thomas)

Dave Thomas founded the first Wendy's on November 15, 1969 in Columbus Ohio. He named Wendy's after his 8 year old daughter, and within 10 years the franchise had grown to 1,000 stores

Resolute

When he first had the idea of opening the restaurant all odds were against him because he was in competition with McDonalds.

.Unfailing/ Prosperous

After returning from the Korean War he spoke with his old boss Phill Clauss, who owned some of the first KFC franchises, and offered Thomas to pick the restaurants that were failing in Columbus, Ohio back up. Thomas took the offer and at 35 years old, he sold the stores back for $1.5 million.

http://www.biography.com/people/dave-thomas-9542110
https://www.entrepreneur.com/article/48172

]]> 2016-11-17 16:43:28 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138472394 Leo Goodwin - Colin Farrell https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138473461 Founder of Geico

Characteristics and traits of a successful entrepreneur

Perseverance

He founded this company during the great depression which was hard because financially speaking it was a very tough time

A helpful and supportive partner or person

His wife, Lillian Goodwin, was a very good supporter of Leo, and really helped Leo keep on going and pursue his company.

He trained to be an accountant and then first went into insurance in San Antonio in Texas. He set up GEICO in 1936 in Washington DC, and it was initially targeted to federal employees and certain categories of enlisted military officers. He decided the best way of expanding the business was to reduce general business costs, and to targeting select consumer groups. It was 1940 when the company first started making a profit, and now GEICO is worth around $7.3 billion.

https://www.geico.com/about/corporate/history-the-full-story/
http://www.topbusinessentrepreneurs.com/leo-goodwin.html

]]> 2016-11-17 16:45:50 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138473461 Walt Disney - Diana Simione dsimione https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138577701 Founder and creator of The Walt Disney Company
"All our dreams can come true, if we have the courage to pursue them" -Walt Disney. Walt Disney was a very talented person who used his talents to help create the idea of Mickey Mouse and the Disney World theme parks. He was very hardworking and as a young boy he took art classes that eventually helped him come with the idea of Mickey Mouse in 1928. Walt Disney has been very successful. He also co-founded the Disney Brothers Studio with his brother Roy. In the 1950's he stated his amusement park business. His first theme park was created in California, it is known as Disneyland. The Disney Brothers studio became very popular and highly successful with the movies it was making and the cartoons, such as Snow White and the Seven Dwarfs. Throughout his career, Walt Disney became very successful in his efforts and received a lot of recognition.

Walt Disney is very proud of all the work he has done and how he has created a kingdom that most people love. Walt said, "I would rather entertain and hope that people learned something than educate people and hope they were entertained." Disney was very passionate about accomplishing his goals. That determination helped Walt Disney succeed to create his own magical kingdom.

"About Walt Disney - D23." D23. N.p., n.d. Web. 18 Nov. 2016.

"Walt Disney." Wikipedia. Wikimedia Foundation, n.d. Web. 18 Nov. 2016.

"Walt Disney Quotes." BrainyQuote. Xplore, n.d. Web. 18 Nov. 2016.

]]> 2016-11-17 22:06:44 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138577701 John D. Rockefeller - Harrison Hanes https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138747916 John D. Rockefeller was the founder and creator of Standard Oil Company. He became successful because of his monopoly over the oil business in the United States. Even at a young age he showed signs of success. At the age of only 14, he worked for several businesses and got his first job when he was 16 as a assistant bookkeeper.

Rockefeller is said to be one of America's leading buisnessmen and overall changed the United States into the thriving country it is today.
"Don't be afraid to give up the good to go for the great." —John D. Rockefeller

"John D. Rockefeller - Famous Business Leaders, Entrepreneur, CEO." Bio.com. A&E Networks Television, n.d. Web. 17 Nov. 2016.

]]> 2016-11-18 16:16:10 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138747916 Martha Stewart nbloom https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138764529 Founder of Martha Stewart Living Omnimedia

- By Nicolas Bloom

Martha Helen Stewart is an American businesswoman who has participated in a wide variety of business ventures. Originally a stockbroker and model, she has since expanded her career into such areas as broadcasting, and - most notably - cooking & recipes.
In 2004, Martha was convicted of charges connected to the ImClone case. While this lead people to believe that her career was finished, she was determined to continue, and she bounced back and began profiting again in 2006.

She can be described as resilient, multitalented, and confident (You'd have to be REALLY confident to extend your career to more than 5 different areas of work).]]> 2016-11-18 17:00:19 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138764529 Larry Ellison - Claire https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138767185 "Great achievers are driven not so much by the pursuit of success but by the fear of failure.”

Founded the computer software company, Oracle in 1977 and its first customer was the CIA. He has a net worth of $49.2 billion. Growing up he was continuously told by his adoptive father that he was good for nothing, proving his resilient nature. When he started Oracle his intention was not to become rich, he simply wanted to be happy where he worked. He is confident, a good listener & communicator, determined, good leader, humorous, and charismatic, which makes him a good salesman. Ellison is also obviously very thoughtful and was known to just disappear for a few days and return with new ideas. But he is probably most recognized for his competitive attitude and approach. When trying to innovate and experiment he would assign two different teams to compete against each other in the same task. In 2014, he stepped down as CEO from Oracle and is now the Executive Chairman and CTO.

http://www.forbes.com/profile/larry-ellison/

http://www.businessinsider.com/rags-to-riches-story-of-larry-ellison-2015-5

http://www.itinsideronline.com/Career/larry_ellison%20/#.WC3dl2ViPGI

https://www.quora.com/What-are-the-characteristics-of-a-great-sales-leader

http://wealthygorilla.com/45-larry-ellison-quotes/

http://lookinsyde.com/?cat=1186
http://www.inc.com/larry-kim/30-surprising-facts-about-billionaire-tycoon-larry-ellison.html

]]> 2016-11-18 17:07:40 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138767185 Nicolas' Source List nbloom https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138787472 Because padlet won't let me attach two things to one post]]> 2016-11-18 18:03:52 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138787472 Celeste Strong: John D Rockefeller https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138796986
“If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success.”

John D. Rockefeller, a powerful magnate, industrialist and philanthropist who was born in New York state in 1839, is still considered to be the wealthiest American of all time, even today. His family was middle class and his mother was extremely religious. Her influence over her son was substantial because he became a devout Baptist and totally abstained from both alcohol and tobacco during his entire life. He also had a keen business sense from a young age, working as a bookkeeper at 16 and going into a business partnership at the age of 20. From there he increased his holdings and wealth, by buying out other concerns and controlling and owning almost all of the components pertaining to the production of gas: petroleum, pipelines and even railroads (for transport) in the United States. This ownership of all aspects of a product from start (extraction in the case of oil) to finish (gasoline) is called vertical integration, which many considered to be a monopolistic practice. His success eventually led to a major Supreme Court decision breaking up his company, Standard Oil, into 34 separate entities because it violated federal anti-trust laws. Rockefeller spent the latter part of his life dedicated to philanthropic causes.

-Greedy, Never settled

"John D. Rockefeller." Wikipedia. Wikimedia Foundation, n.d. Web. 18 Nov. 2016.

History.com Staff. "John D. Rockefeller." History.com. A&E Television Networks, 2010. Web. 18 Nov. 2016.

]]> 2016-11-18 18:31:37 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138796986 Henry Ford- Walker Venable https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138797651 -Founder of Ford Motor Company

-Implemented and Developed the assembly line

-Credited with inventing the automobile

Ford made the automobile a practical convenience, and revolutionized transportation and American industry. Became one of the richest and best-known people in the world. He was a "trailblazer of the modern world," taking an unorthodox approach to the economy and his business. His innovative thought process changed the game, for example, the assembly line. He valued his employees, increasing wages and easing the work load and hours. Not to mention he was intelligence– he created the Model T car, the assembly line, the V8 engine, a car out of soybean plastic, etc. All of his ideas changed the motor industry.

History.com Staff. "Henry Ford." History.com. A&E Television Networks, 2009. Web. 18 Nov. 2016.

]]> 2016-11-18 18:33:42 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138797651 Walt Disney -- Reese Collins https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138799390
"It's kind of fun to do the impossible." ~ Walt Disney

Walter Elias “Walt” Disney was born on December 5th, 1901 in Hermosa, Illinois. He co-founded Walt Disney Productions with his brother, Roy, which is now one of the famous and esteemed motion-picture production companies in the world. Throughout his life, he exemplified tenacity as he worked towards being a successful entrepreneur by taking art and animation classes in high school and working at art studios and film companies later in his life. Disney excelled due to his innovation and determination, whether it was waking up at 4:30 AM to deliver newspapers everyday when he was ten years old, or creating new ideas that soon formed into some of the world's most beloved characters, such as Mickey Mouse.

"Walt Disney Biography." Bio.com. A&E Networks Television, n.d. Web. 18 Nov. 2016.

"Walt Disney, Biography - Just Disney." Just Disney. N.p., n.d. Web. 18 Nov. 2016.

]]> 2016-11-18 18:38:37 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138799390 Debbi Fields- Kristen Reilly https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138803467

Debbi Fields is the Founder of Mrs. Fields Cookies. She was originally a stay at home wife but wanted to do something with her life so she decided to start a cookie company. Her husband, along with many others, doubted her abilities to succeed. However, their input and opinions did not phase her. Her husband said she would not sell $50 worth cookies on her first day in shop. On Debbi’s first day in the shop, she spent the first few hours in shop before she decided venturing to the streets. By the end of the day, she sold $75 worth cookies. Debbi treated all of her customers with great respect and maintained good relationships with them. Overall, Debbi was a young, motivated entrepreneur. Because of Debbi’s hard work, the company now grosses over $300 million from over 1000 outlets in 9 countries.

http://www.ltbn.com/hall_of_fame/Fields.html

]]> 2016-11-18 18:48:18 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138803467 Jasmine Hellmer- Andrew Carnegie https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138803807 Entrepreneur: Andrew Carnegie, founder of the Carnegie Steel Company in late 19th century, is often referred to as the “father of modern steel” because of his revolutionary development of the steel manufacturing process. His hard work surpassed all others and his networking connections outnumbered all others, resulting in his early rise to prominence and the construction of his own steel empire.

Hard Work/Dedication:

o Andrew Carnegie is a prime example of how a strong work ethic leads to unlimited success.

o His superiors recognized his ambition, thus promoting him at a young age.

o His success story did not happen overnight; years of industrious work and sacrifices served as the stepping stones before he made a break for monumental success.

Smart with his Connections/ Networking:

o Carnegie understood the importance of networking and he connected with people of prominence in his community whenever he had the chance.

o Recognized that your network is your worth (beneficial to know people both within and outside your industry.

“The men who have succeeded are men who have chosen one line and stuck to it.”- Andrew Carnegie

http://www.leadershipgeeks.com/andrew-carnegie-leadership/

http://corcom-inc.com/andrew-carnegie-the-road-to-business-success-a-talk-to-young-men/ http://s2.thingpic.com/images/MF/CCJWnTfHVzkVmPhGDeGpUJng.jpeg

]]> 2016-11-18 18:49:15 UTC https://padlet.com/dschoemer1_1/6obe8cspsobp/wish/138803807