Many people complain that opening a business has no chance. This is a common complaint that we cannot hear anymore. In fact, in order to start a business, we can do a variety of ways, one of which is to apply the education we have.
Jerry Yang and David Filo, Yahoo founders, started the business by using his education. They used to be students of Stanford University. Yahoo, which started a business by using the back of a parking lot, is now growing rapidly. Jerry Yang and David Filo started the business from small and simple things. Jerry Yang Yahoo illustrated that the discovery was 'an accident' when he and Filo finished their theses. Yang and Filo started Yahoo when they were in college. They started doing business with a website, listing some of their favorites, and writing some software that allowed a website to get other web sites that would be placed on the so-called web portals until it was established in 1994 and was called Terry’s Guide to the World Wide Web. When they learned that their sites had been visited by people from 90 countries, they spontaneously said 'Yahoo', and ultimately that’s the word used to name their company. In 1999, Yahoo reached star status. Net income quadrupled in the fourth quarter of 57.6 million dollars while revenues jumped from 91 million to $ 201 million dollars. Then Yahoo was the best portal in 2002.
Kiichiro Toyoda is the son of the founder of Toyoda Spinning & Weaving Co., which was changed into the field of automatic loom. After completing his engineering studies, he decided to start a business by transforming the company into the production car and he changed the company name from Toyoda to Toyota in 1936. Kiichiro Toyoda became President of the Toyota company until 1950. The first car produced was then AA Crown Model. Offices in foreign countries was first established in Taiwan and then Saudi Arabia. The product that the company began to produce was forklift trucks (tub / trailer), which made the company number one in the world in this market. These trucks entered the U.S. market in 1958 and the British market in 1965. The Crown Model failed to enter the U.S. because the car was designed for the Japanese market but it was not designed for being driven on American highways. Then, after producing Toyota Corolla cars in 1968, the company achieved success so that it could shift Volkswagen cars as number-one imported cars in America, even it could take the Americans with General Motors to make Toyota cars in America. The sales of Toyota Camry cars were the most successful in the United States in 1997. Toyota is now extended to other areas of business, namely financial services, telecommunications, housing, machinery navy, recreational boats, parts distribution and aviation services. Toyota is now a number-three car maker in the world after General Motors and Ford. Toyota can sell 5 million vehicles per year.