After opening his first shop, KFC’s Col. Sanders got in a shootout with a local competitor. His opponent shot a bystander and was eventually convicted of murder, ultimately eliminating Sander’s local competition.
Steve Jobs first business was selling blue boxes (designed by Steve Wozniak), that allowed users to get free phone service illegally.
Greyston Bakeries in Yonkers, NY hires without any interviews, resumes, or background checks via their ‘Open Hiring’. This has dramatically opened up opportunities for low income workers and ex-offenders. The approach has since been taken up by companies such as The Body Shop.
“Chef Boy-Ar-Dee” was a real Italian chef named Ettore Boiardi who came to America and opened a restaurant. His spaghetti sauce was so popular people would buy by the jug which lead him to start his own company.
Many products are getting smaller due to ‘shrinkflation’, for example Mars shrank its Maltesers, M&Ms by up to 15%. In the past, companies blamed the rising price of raw materials. Recently, these prices dropped back, but the shrinkage continued as manufacturers try to stealthily boost profits.
Christian-based company In-N-Out Burger not only prints the bible verse JOHN 3:16 on it’s soda cups but also prints different bible verses on it’s milkshake cups, burger wrappers, and french fry holders.
A woman from the turn of the 20th century would sell people the time by letting them look at her watch. Ruth Belville, sold people the time. This was done by setting a Belville’s watch to Greenwich Mean Time, as shown by the Greenwich clock, each day and then “selling” people the time by letting them look at the watch and adjust theirs.
The firm Cantor Fitzgerald lost 658 employees on 9/11. The CEO, who was taking his child to school that day, later distributed $180 million to the families and offered jobs to all children of the victims. 57 of those children were employed by Cantor Fitzgerald as of 2016.
The Bose Corporation’s majority owner is MIT. In 2011, the company’s founder, Amar Bose donated the majority of his shares to the university which was his former employer and alma mater. An annual cash dividend is paid out to “advance the research and education mission of MIT”.
The Quaker Oats company isn’t Quaker and never was, they picked their name based on a religious stereotype about Quakers being honest in business.
Most successful startup companies aren’t started by people in their 20s. The average age of founders who started a high-growth company is 45.
In the 80s, businessman Armand Hammer bought a significant portion of the company that makes “Arm & Hammer” products simply because people kept asking him about the name.