Today we have an amazing story about a guy who started out just looking for some extra income with a part-time job but ended up turning it into a billion dollar business.
Click the player to listen to this episode of The BIGG Success Show Podcast. Below is a summary of our discussion.
Jim McCann started out as a social worker, which didn’t pay so well. So, in the early 1970s, he got a part-time job in a floral shop to earn a little extra money. In 1976, he took the plunge and started his own flower business.
Let’s go to The Professor’s Whiteboard as we break down 5 lessons learned from the part-timer who built a billion dollar business.
https://biggsuccess.com/wp-content/uploads/2008/04/from-part-time-job-to-billionaire-blog-post-image.png430448George Krueger & Mary-Lynn Fosterhttps://biggsuccess.com/wp-content/uploads/2015/07/BIGG-Success-Nurturing-Your-Inner-Entreprener.jpgGeorge Krueger & Mary-Lynn Foster2021-07-13 17:52:482021-08-09 14:10:01The Man Who Turned a Part-Time Job into a Billion Dollar Business
Ray Kroc made a fortune on someone else’s idea. Even then, he had to overcome many obstacles, over a number of years, to find BIGG success.
We get informed and inspired by BIGG success stories. On The BIGG Success Show, we share one of our favorites. Below, you’ll find a summary of that story. Click the player to listen to the full story.
Ray Kroc is one of the most legendary entrepreneurs in history. He built McDonald’s into one of the world’s most iconic brands. But his destiny was anything but certain. And he was no young superstar. His success came slowly.
https://biggsuccess.com/wp-content/uploads/2020/10/Ray-Kroc-McDonalds-blog-post-image.png430448George Krueger & Mary-Lynn Fosterhttps://biggsuccess.com/wp-content/uploads/2015/07/BIGG-Success-Nurturing-Your-Inner-Entreprener.jpgGeorge Krueger & Mary-Lynn Foster2020-10-26 15:29:052020-10-26 15:33:24How Ray Kroc Made a Fortune from McDonald’s
Did someone forget to tell Jimmy Durantethat he couldn’t sing? It didn’t matter to him. He became a star, thanks in part to his gravelly voice which made him noticeable.
Did someone forget to tell Albert Einsteinhe wasn’t smart enough? After all, he struggled with language his whole life. He didn’t start talking until he was three. And he failed a language exam when he was sixteen. Yet he is one of the people often associated with the term “genius”.
Did someone forget to tell Helen Kellerthat blind people can’t become authors?
She certainly didn’t let that little challenge stop her.
And lest you think these people are just “one-off” examples, consider John Bramblitt. Did someone forget to tell him that blind people can’t paint? In fact, it was just that – going blind – which lit the path to his passion.
Did someone forget to tell Josh Hindsthat a person with a stuttering problem caused by Tourette’s Syndrome couldn’t become a public speaker? It didn’t stop him. He became a pioneer of personal development online.
Did someone forget to tell Bethany Hamiltonthat surfers need two arms? While surfing at the age of 13, a 14-foot tiger shark bit off her left arm. Yet she still became (and still is) an award-winning professional surfer.
Did someone forget to tell J.K. Rowlingthat a divorced mother with no money couldn’t become a BIGG success? You know the rest of her story. She’s the first author to become a billionaire.
We’ll bet you that…
someone DID tell each and every one of these people not to proceed
someone reminded them of the reason why they shouldn’t do it
someone told them they would fail if they tried
But they didn’t listen! If they had, we wouldn’t be talking about them.
So don’t let people stop you from pursuing your passion – the passion which will take you to BIGG success.
[haiku url=”http://traffic.libsyn.com/biggsuccess/00837-112012.mp3″ title=”The BIGG Success Show #837″]
If his story ended there, we wouldn’t be talking about him today. He learned from all his failures. Then he tried for a fifth time.
His fifth attempt was a BIGG success! R.H. Macyopened the now famous department store.
Which brings us to our first point – you know about Macy’s. But did you know about the founders’ four failures? We didn’t.
Nobody cares about your failures once you are a BIGG success.
We also thought it was interesting that he opened his store way north of what was considered the retail district. If you want to be a BIGG success, find an un-served or under-served market.
Sometimes this means moving further from your competition – physically or in some other sense. In other cases, it means getting closer. For example, have you ever noticed that restaurants tend to cluster? They all attract customers to a specific area.
Outside the world of restaurants and retail, tech companies often cluster as well. Think Silicon Valley. The infrastructure is there. The people are there.
Now let’s talk about what inspired this post – the world renowned Macy’s Day Parade. The idea for this parade came from the employees.
Stay close to the front line to be a BIGG success as an entrepreneurial leader.
Many of Macy’s employees were recent immigrants. They were proud Americans but they missed some of the traditions and festivals of their homeland. So they decided to do a Thanksgiving parade to kickoff the Christmas season.
Over 250 thousand people showed up to watch it that first year. Of course, today more than 44 million people watch it on television every year.
It’s one of the best promotions anyone could ever imagine. And it reminds us all – do something BIGG if you want to get attention.
And don’t forget – this success story started with a parade of failures that led to one of the greatest parades of all. That’s BIGG success!
https://biggsuccess.com/wp-content/uploads/2020/07/bigg-success_stacked-1080.png10801080George Krueger & Mary-Lynn Fosterhttps://biggsuccess.com/wp-content/uploads/2015/07/BIGG-Success-Nurturing-Your-Inner-Entreprener.jpgGeorge Krueger & Mary-Lynn Foster2012-11-20 06:00:012012-11-10 02:38:43A Parade of Failures Led to the Success of This Entrepreneur
[haiku url=”http://traffic.libsyn.com/biggsuccess/00829-092712.mp3″ title=”The BIGG Success Show #829″] He was a typical 41-year old guy. He’d had some career successes and some failures.
But shopping changed his life.
He bought some jeans. But they didn’t fit. So his wife, Doris, went on a mission – find a pair of jeans for Don.
She went to several stores. All she found was limited assortments and nothing in Don’s size. Plus, the mess! They weren’t displayed nicely or set up to be easy to find what you were looking for.
As Don and Doris discussed it, they realized they had stumbled upon a great small business idea:
They would open a store which stocked all sizes, styles and colors of Levi’s.
Yes, you need to bring something unique to the market. But don’t think that means you have to invent something or that innovation is only in the realm of the techie entrepreneurs.
As the Fishers demonstrate, it may be as simple as offering a broader assortment.
This is the real opportunity for small businesses. Large companies are often shallow and narrow in their offerings. For example, a big-box store may only stock the fastest selling items.
You may find your opportunity by offering a complete assortment in a given niche. Then you can expand out from there once you get traction.
Look for gaps
We couldn’t resist! But seriously, this is a great way to find your best business opportunity.
Look for gaps between what you want and what’s available. When you find one, chances are you’re not the only one looking for it.
You may be staring your BIGG opportunity in the face. You’ve discovered an unserved or under-served market. And that’s where you’ll find BIGG success!
https://biggsuccess.com/wp-content/uploads/2020/07/bigg-success_stacked-1080.png10801080George Krueger & Mary-Lynn Fosterhttps://biggsuccess.com/wp-content/uploads/2015/07/BIGG-Success-Nurturing-Your-Inner-Entreprener.jpgGeorge Krueger & Mary-Lynn Foster2012-09-27 06:00:042012-09-24 19:15:56Can You Believe How This Billionaire Got His Small Business Idea
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