How hasn't hear Fedex? The most big courier company in the world ? 25 billions $ annual revenues,138 000 employess ,presented in 220 countries.His reputation is illustaded in the movie" Shipwrecked" by Tom Hanks this company is one of the almost characthers:Tom Hanks plays Fedex manager ,a excellet opportunity for the name of company to show apear in movie.Fedex clled untill 1994, Federal Express is a Young company.It was founded in 1971 honored first command in 1973,and 1975 it was the number 1 in the US ,amd already fixed the standard of the service.His Story illustrade very well that a big business must haven't a 100 years history and famous investors.
A viabel idea
In 1965 Fred Smith was student at Yale University and to economic courses had to propose a business project .He was thinking at a new delivery system ,because the system of that period it seemed stiff and quite weak .They was enough goods ,like medicine and electronic components which need delivered urgently and depending on passenger flights created problems.Six years later thought to put his idea in practice.It was in 1971 ,ijust back Vietnam,he said,I flew in 200 missions as a pilot I leave the world experience so that the busines startup it wasn' intimidating me.But the problem was money,Fred it wasn' poor (his father managed some business) but the financial effort was great ,because the business must starded urgently to large-scale there couldn't be alocal courier services,which to expand by time.
'I wanted custumers like IBM and Xerox' remembered Fred Smith.They were installed equipment in the whole US and the equipments required frequently spare parts.I couln't go to ask them and proposed that I can deliver the pices in just three cities' .Fot begining thought to test the system.He used his owen money to create a network of office and park cars in 25 cities ,and then he rented some planes and during 2 weaks he flew with them naked allond the cross US.It was risky to founded this network beforehe make sure that busines will go,but he considered that it was the only solution to consolidate the avantage first came on the market,avantage that it seems essential.
How to obtain a 90 millions $ financing?
The first step it was made but the great challenge now started .for to expand and become operational nationwide as he wanted at the begining ,FRED Smith neede 90 millions $ .Alot of money,but for getting them he 's based on some things.First 'I'm not only a man which have a idea i put a lot of money in this busines,my own money and this weighs heavily in every investor's eye.
And secondly the busines was working already and it's viability could be proved by his daily activity:the growt for this service it was big,addition demanded to Market research company achivments of markets research and teir concluzion were favorable
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