Showing posts with the label Fred Smith

4 Inspiring Short Stories of Starting Up World Famous Companies

What does it take to start up? A brilliant idea? A great team? Money? Yes. All of those things. But more than anything what it takes, is belief. A belief that there is significance to the problem being addressed, and that the solution is something which the consumer wants. It is really amazing how most large companies have such humble stories of starting up. All of them started with nothing but just plain conviction. Here we have compiled for you four short stories of starting up of (now) famous companies: 1. Fred Smith | Federal Express
Fred Smith was an undergraduate at Yale University in 1965. As part of the coursework, he wrote an economics paper exploring the process of transportation of goods in the United States. He found that the shippers relied on transporting large packages across the United States by means of truck or passenger airplanes. Smith thought of a more efficient transportation idea. He wrote a last minute paper on how a company carrying small, essential items by pl…