Small business generates some of the world’s brightest and most talented minds. These entrepreneurs have proven they are people to watch, and have what it takes to create entire empires off their own sweat. These industry leaders continue to transform the business world of the future.
Michelle got her start as an online vlogger and taught viewers how to apply cosmetics and transform their looks from ordinary to glamorous. As she gained viewers, Phan partnered with cosmetic brands from around the world and began selling $10 a month Glam Bags. These bags center on a certain theme each month and contain all of the cosmetics to achieve the look that Phan teaches her followers. She now has over one million subscribers to both her vlog channel and her Glam Bag company called Ipsy, a play on the Latin word Ipse, meaning “oneself”.
Ulukaya studied political science in his native Turkey before moving to New York. In 2005, he purchased an out-of-business yogurt factory using loans and grants to fund his purchase. In this factory he created his own yogurt product and named it Chobani.
By 2012, Ulukaya was a multibillionaire as his yogurt rose in popularity. He was able to pay off his loans, and now enjoys running one of the world’s most successful yogurt companies.
Stewart gained recognition as one of the co-founders of the photo sharing website Flickr and went on to create a group communications software company called Slack. Slack arose out of a mistake made by Butterfield as he attempted to create a game called Glitch. Slack quickly rose in value to $1.1 billion in less than eight months and some of its most famous users include companies like HBO, NBC Universal, PayPal, and eBay.
Evan Spiegel and Reggie Brown
Evan Spiegel and Reggie Brown collectively created the social media site known as SnapChat in 2011. Since its inception, the company has become valued at $11 billion. Before its increase in value and popularity, Snapchat drew the attention of Facebook founder Mark Zuckerberg, who offered to buy it for $3 billion. SnapChat is one of the most popular apps among teenagers and young adults and allows users to send time-bombed videos and pictures as well as messages to each other.
These entrepreneurs have raised the standard of profitability and recognition in the world of small business. They continue to make headlines as leaders to watch. As a small business owner you use their example to fuel your own dreams, but don’t forget to take advantage of what you already have. New technology is produced every day, and much of it can be used to downsize an entrepreneur’s budget. With everything from online Check Stub Creators to cloud managed payroll systems, you can make running your own company easier than ever. Just remember to spend smart as you get started.