How Small Businesses Become Billion Dollars Giants?
16 Jan 2016
Each year, thousands of small businesses are started and most of them fail almost immediately. There are different factors that we should consider, such as lack of growth, limited sales, lack of profit and intense competition. Out of thousands of companies, there could be only a few hundreds of them that can survive and thrive in the market. Starting a small business should be quite easy. As an example, we could establish road side stalls and this should be quite affordable. However, even after a few generations, these road stalls could remain road side stalls. It is incredibly rare that these small businesses are able to become a real billion dollar empire.
In general, our company can grow significantly, if it is innovative and unique. This is the reason, why only one out of a million companies can become a one billion dollar business empire. Small businesses should have a goal that’s beyond the limit and it is important to merge innovative ideas with high quality products. Business owners should also establish and maintain attitudes of a billionaire. This is the only think to grow the company into a real empire. Our brand should be modified based on specific unique and innovative ideas. This is the only way to get our brands noticed and we will be able to gradually increase our popularity.
The secret of one billion dollar company is about attracting customers with improved exclusivity and uniqueness. It means that our business could grow to a real success. This is probably the most important thing we can do to grow our company into a real global success. If we look closer at the pages of history, we will find so many people who have started their business with very limited capital. With proper efforts, they are able to transform their company into a real billion dollar industry. As an example, McDonald’s was only one of many fast food restaurants in the United States.
The biggest question is why it was only McDonald’s that tasted real success. It has more than 25,000 franchises around the world and McDonald’s is now considered as a very big multinational organization. All McDonald’s restaurants are known for their appetizing food and great recipes. It is clear that McDonald’s is based on extraordinary ideas and it has certain uniqueness. Apart from speedy delivery services and delicious recipes, it is able to invite the entire family. In the end, we will get a very enjoyable experienced for the children. Advertising campaigns also promote people who have thin and lean body.
When Larry Page and Sergey Brin finished their education, there are also thousands of other IT professionals in the industry. However, both individuals were able to establish the most influential Internet-based company in the planet. What set Page and Brin apart was that they were able to create a better and innovative methods of ranking websites and webpages. Previously, there were only online catalogues with registered websites in them. However, Google is based on a system that prioritizes on the authority and relevance of a webpage.