From the course: Finance Essentials for Small Business

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All businesses start small

All businesses start small

From the course: Finance Essentials for Small Business

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All businesses start small

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- All businesses start small. - Here are some examples with which you may be familiar. - [Man On Left] Apple was started in 1976 by two friend, Steve Jobs and Steve Wozniak, working at least part of the time in the garage of Steve Jobs' parents' home in Los Altos, California. - Apple's first financing arrangement came when Steve Jobs convinced an electronic parts supplier to give him parts on credit. Agreeing that he would pay for the parts when he and Steve Wozniak sold the first batch of completed computers, the Apple 1. - [Man On Left] Well in 1981 Microsoft was a 32-person software company that had recently moved to Bellevue, Washington from its original headquarters in Albuquerque, New Mexico. - [Man With Glasses] Exxon Mobil was created through the entrepreneurial energy of one person, John D. Rockefeller, in Cleveland clear back in 1862. - This small oil company, started by Rockefeller with just $4,000 of his personal…

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