Business Facts

    Random Business Facts

    There are 75 Business Facts!

    Every year, Louis Vuitton burn all their unsold bags. They burn them in order to prevent them from being priced lower.
    6
    90% of all restaurants fail during their first year of operation.
    48
    Microsoft made $16,005 in revenue in its first year of operation.
    43
    Apple co-founder Ronald Wayne sold his 10% share in 1976 for $800. Today, it’s worth over $58 billion.
    -4
    CEO takes over company worth $9m, fires management, gives power to employees, and now makes over $200m
    Ricardo Semler, a CEO in his twenties, took over a company worth $9m, fired most of the management, and gave the power to the employees. It now has a turnover of over $200m.
    15
    The first owner of the Marlboro Company died of lung cancer.
    342
    The most productive day of the workweek is Tuesday.
    105
    Cow is a Japanese brand of shaving foam.
    -11