Starting a business is one of the hardest parts of being an entrepreneur, especially when you don't have enough funds to run it. One of the most important things you need to know as a start-up is that no investor will show interest in you if your idea doesn't sound realistic enough.
Yes, that's why they'd always ask you about your income in the past years of running your business and where you see yourself in the next few years.
So, the major key to excelling in your business is having a great idea, not great funds. While you'll also be needing some funds to keep the business running, you can can also get good investors to fun your idea if you're idea makes sense to them.
7 Big Tech Companies That Started Small
All the founders had was the idea and with the right coaching, they grew their businesses into what is is now. Join me as we explore some of the biggest companies that started small:
Actually, he created the website as a way of helping college students share ideas and information but somehow, it grew to what it is now. Facebook is currently worth over $350 billion.
• Amazon
Have you heard of Amazon? The American multinational conglomerate technology company which currently has over 750,000 employees ? Well, Jeff Bezos, the owner of Amazon actually started by shipping shipping books out of his garage.So I'd rather say that he started Amazon from his garage, just the way Mark Zuckerberg started Facebook from his Harvard dorm room in 2004. Who would have believed back then that Amazon will one day be worth $292 billion?
At first, they weren't interested in becoming entrepreneurs, they just needed wanted to create a place where you could find anything. It was when gGoogle started getting over 10,000 daily searches that they decided to take it seriously.
• YouTube
YouTube hasn't always been big, in fact, it was started by Jawed Karim, Steve Chen, and Chad Hurley in a cubicle. According to the information, the former PayPal employees realized hat there weren't any location where videos could be shared online, and worked together towards providing one.The idea was a huge success as it received an $11.5 million investment from Sequoia Capital in 2005. After extremely quick growth, Google acquired the company less than a year later for around $1.65 billion.
• The Walt Disney Company
In the early 1990s, Walt Disney dropped out of school to join the Army but got rejected for being underage (he was 16 then), a short while after that, he formed the Disney Brothers Cartoon Studio with Roy O. Disney.The popular Walt Disney Company you hear of today was initially founded as a Disney Brothers Cartoon Studio and operated under the names of The Walt Disney Studio and Walt Disney Productions until 1986 when it officially changed its name to what we know now.
Disney's first film studio was in his uncle's garage, he rigged up a cartoon stand in his Uncle Robert’s garage, using dry-goods boxes and spare lumber. Now, the company has grown into multiple studios with revenues running into annual billions of dollars.
• Apple
Have you seen those beautiful phones with Apple logos? Yes, they're owned by Apple, and they've not always been big. In fact, Steve Jobs and Steve Wozniak launched their tech giant in a garage, beginning with just a simple computer.Now the company has grown into one of the biggest brands, with products including the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the Apple Watch smartwatch, the Apple TV digital media player and others.
Apple's software includes the iOS, iPadOS, macOS, tvOS and watchOS and operating systems. They also own the Safari web browser, iTunes media player, the Shazam acoustic fingerprint utility and many others.
• Hewlett-Packard
It seems like the easiest way to start up a big business is in a car garage...lol. Don't mind me, I'm just trying to list yet another great business that was started in a garage.In 1939, William “Bill” Redington Hewlett and David “Dave” Packard started up Hewlett-Packard in a one car garage in Palo Alto, California They originally spent $538 dollars in renting the space, and at some points, even had to use the family oven to finish test products.
Now, HP is one of the biggest companies with annual revenues running into billions of dollars.
What more? These are not all, companies like Microsoft, Minecraft, Spanx, Under Armour and Craigslist where also started small. What are you starting today? Where do you see yourself in the next five years?
Before you leave, also check out these 7 business ideas for new age entrepreneurs in 2020.
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