https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj en-us 2023-03-01 14:01:53 UTC 2023-03-01 15:03:05 UTC hello@padlet.com jonkyl10 https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499611992  Factor: Entrepreneurship 

Throughout John Mackey’s early years, he was a part of the counter culture of the hippie movement. In his early 20s, he became a vegetarian and realized that there was an opportunity to attract a market. He wanted to appeal to this culture and compete with his local fresh market. He created a small store that helped appeal to this small culture. ]]> 2023-03-01 14:25:17 UTC https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499611992 jonkyl10 https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499620059 Mackey realized that the hippie counter culture wanted to have fresh and organic food products that would help the environment. Mackey sold many fresh products that also included meat, believe it or not. For a while they were neck and neck with the other local organic grocery store, SafeWay.]]> 2023-03-01 14:30:17 UTC https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499620059 jonkyl10 https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499630952 Factor: Capital 

He had gotten $45,000 from friends and family. His $10k stake was mostly from his father. He got $50,000 from a friend who was an inherited millionaire. His board had also given him more money after that.]]> 2023-03-01 14:37:20 UTC https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499630952 jonkyl10 https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499646253 Factor: Land

Beginning in 1984, Whole Foods Market began its expansion out of Austin, first to Houston and Dallas and then into New Orleans with the purchase of The Whole Food Company in 1988. In 1989, the company expanded to the West Coast with a store in Palo Alto, California. While opening new stores, the company fueled rapid growth by acquiring other natural foods chains throughout the 1990s.]]> 2023-03-01 14:46:56 UTC https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499646253 jonkyl10 https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499651077 Factor: Capital

Two years later, John Mackey partnered with Craig Weller and Mark Skiles to merge SaferWay with their Clarksville Natural Grocery, resulting in the opening of the original Whole Foods Market on September 20, 1980. At 12,500 square feet (1,160 m²) and with a staff of 19, the store was quite large in comparison to the standard health food store of the time.]]> 2023-03-01 14:49:28 UTC https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499651077 jonkyl10 https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499661676 Factor: Labor & Capital

After his bigger, second store was opened, a flood had hit Austin and almost completely ruined the store. They thought that they were out of business. The loss was approximately $400,000; Whole Foods Market had no insurance. Customers, neighbors, and staff pitched in to repair and clean up the damage. Creditors, vendors, and investors assisted in helping the store recover, and the store reopened 28 days later.]]> 2023-03-01 14:55:04 UTC https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499661676 jonkyl10 https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499677867 His parents were very worried and unhappy. His mother asked him to go back to school before she died. However, his girlfriend was very supportive of his business ideas. He stopped taking courses that he didn’t want to take. He was true to himself. He didn’t back down to anyone's opinions, even his own parents. He wasn’t scared when he opened his first store, he felt like he had nothing to lose, so he took a risk. He loved to try things, but stopped trying when it didn't work.]]> 2023-03-01 15:03:05 UTC https://padlet.com/jonkyl10/8c1y6eh8xf2jg4kj/wish/2499677867