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From Small Loans to Big Business

From Small Loans to Big Business How some industry leaders used limited means to achieve their dreams How it Started 1960 - Tom & James Monaghan bought DomiNick's in Ypsilanti, Michigan, and a 15-min pizza-making lesson became Domino's How Much It Took Borrowed $900 DOMINO'S A A A A A Annual Sales Revenue $1,990,000,000 Key Moments Opened 11K+ stores (5K+ outside U.S.), serving 1.5M pizzas/day globally AnyWare ordering: Customers can order through text, tweet, smart TV, car, smart watches, voice, desktop, mobile/iPad How it Started 1993 - Steve Ells opened Chipotle, selling affordable burritos with fresh and sustainable ingredients How Much It Took HIPOTE $85K loan from dad CECCCC€€ Annual Sales Revenue $826,900,000 Key Moments 1996: 3rd location funded by SBA loan 1998: McDonald's invested $360M and funds nationwide expansion 2006: Went public, McDonald's fully divests from Chipotle How it Started May 1978 - Ben Cohen & Jerry Greenfield opened 1st B&J's in Burlington, Vermont, after a $5 ice cream making course How Much It Took BEN & JERRY'S $12K ($4K borrowed) Annual Sales Revenue $132,000,000 Key Moments 2015: Opened total of 586 scoop shops, both in U.S. and internationally Originally offered 12 flavors (Vanilla being 1st), now offers 41 flavors (ex: Cherry Garcia) How it Started Stanford Business School roommates Brian Spaly & Andy Dunn created online business for better-fitting pants How Much It Took Borrowed $20OK BONOBOS $100K each from Joel Peterson & Andy Rachleff (Stanford GSB faculty members) Annual Sales Revenue $69,300,000 Key Moments Largest online U.S. clothing brand w/ distribution in Nordstrom's 118 stores and 20 of its own retail showrooms Known for "Bonobos ninjas," who deliver net promoter score of 88 How it Started 2010 - Wharton MBA students Neil Blumenthal, Dave Gilboa, Jeffrey Raider, Andrew Hunt launched Warby Parker as alternative to expensive glasses How Much It Took Started w/ > $400K WARBY PARKER > $150K own money + $50K line of credit + $200K loan from regional bank ooo00 0000 Annual Sales Revenue $35,000,000 Key Moments Opened total of 14 in-store locations from Seattle, SF, New Orleans, NY and 4 showroom locations Home Try-On program: Participants have posted 25K images on Warby Parker's FB and 40K+ on Instagram since launched in Feb. 201o How it Started With only $1,100 in bank, Madden used credit to manufacture 500 pairs of the "Marilyn" and sold samples from car trunk How Much It Took STEVE $1,100 + credit MADDEN Annual Sales Revenue $1,330,000,000 Key Moments 2015: Steve Madden retail stores located in 25 states in the US and in 42 countries worldwide 5 business segments: wholesale footwear, wholesale accessories, retail, 1st cost, and licensing, with 7 divisions in wholesale business Brought to you by NATIONALFUNDING SOURCES http://www.bloomberg.com/bw/articles/2012-07-31/b-school-startups-bonobos-provides-a-tailored-fit http://college.usatoday.com/2012/06/29/bonobos-founder-shares-his-success-story-advice-for-entrepreneurs/ http://www.entrepreneur.com/article/197626 http://www.forbes.com/sites/learnvest/2012/11/20/how-to-build-a-multimillion-dollar-company-the-story-of-m rs-fields-cookies/ http://www.wsj.com/articles/SB10000872396390444097904577535111565440718 https://www.mrsfields.com/about/ http://money.cnn.com/magazines/fsb/fsb_archive/2003/09/01/350799/ http://nymag.com/nymetro/news/bizfinance/biz/features/4406/index2.html http://www.reuters.com/finance/stocks/companyProfile?symbol=SHOO.O https://www.mrsfields.com/blogs/blog/2010/02/fun-facts-about-mrs-fields-gifts/ http://globenewswire.com/news-release/2014/04/30/632021/10079202/en/Famous-Brands-to-Combine-Mrs-Fi elds-and-TCBY-in-New-Dual-Brand-Concept.html http://nrn.com/corporate/famous-brands-ceo-discusses-future-tcby-mrs-fields https://biz.dominos.com/web/about-dominos-pizza/history http://money.cnn.com/2015/03/05/technology/warby-parker-valuation/

From Small Loans to Big Business

shared by StaceySD on Jan 15
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Nearly all large corporations have humble beginnings as small businesses. And for many, the road to becoming a big business was paved with financial assistance, in form of small business loans or infu...

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