A Celebration of Accidental Entrepreneurs Who Started With Nothing

PUBLISHED BY
Anna Domanska



TAGS:


3 weeks ago




Serendipity is an unplanned happy discovery. Throughout the history of creativity, innovation and invention, mankind has had a fortunate stroke of serendipity. Take the recipe of corn flakes, for instance. The recipe came out of a botched attempt at making granola in 1898. Today, cereal is the most marketed meal of the day. A lot of accidental entrepreneurs have often attributed their success to serendipity.

Here at Industry Leaders Magazine, we are in awe of entrepreneurs who strike out on their own. Sometimes dubbed “accidental entrepreneurs,” these men and women have success stories that need to be retold, as well. In most cases, accidental entrepreneurs set out to solve a problem and often turned the solution into a big business idea.

Accidental entrepreneurs who changed the world

Who are these men and women? One example is John Cadbury, the founder of Cadbury, the British confectioner that ruled our hearts and tongues with Bournville Cocoa and Mini Eggs. Here are some of the world’s most famous accidental entrepreneurs.

Accidental Entrepreneurs

Have you ever imaged what the world would be like without Craiglist or the pacemaker?

Craig Newmark, Founder of Craigslist

Some entrepreneurs are passionate for inventing, some for founding, and others for developers. Then there’s Craigslist. The 25 year old online classifieds site was founded by accident when its founder, Craig Newmark, created an email list for friends to discover social events in the San Francisco area. This is before all of the world’s most popular sites, including Google, Yahoo! and the Internet Explorer were launched.

Most of the site’s early posts were submitted by Newmark himself. The site grew rapidly with word of mouth and so did the number of posts each day until Craig had a better idea. He created a version where people could post their own messages, which were published immediately. The idea took off as an increasing number of companies started posting job offers, considering the mailing list as a great place to find new talent. At one point, the site exploded, and here is how Craiglist’s first category “Jobs” was created.

The demand to create an organized and structured web interface grew as visitors flocked to Craiglist to find job and apartment listings. So in 1996, Newmark registered the domain name Craiglist and launched the first version of the site the same year. The rest is history…

And if you think about it, Craiglist ushered in the era of gig economy.

The takeaway:  Be able to do things properly is important for success, but you must constantly tinker as your product grows from one customer to a hundred. All great businesses change over time as they make products better and yours should be no different.

John Cadbury, Inventor of The Chocolate Bar

Legend has it that the Aztec god Quetzalcoatl was cast out of paradise for bringing the cacao tree to Earth and giving it to man. Only gods could drink chocolate! Fortunately, the grocer who commoditized chocolate beyond the rich masses went on to create the world’s biggest confectionary company.

In 1824, the 22-year old John Cadbury started a small grocery shop which sold cocoa among other things. The company expanded to hot chocolate and later became famous for its sweet delicacies. While the world’s first chocolate bar is known to be made by French confectioner J. S. Fry & Sons, it is Cadbury which is attributed to have accidentally invented one. In order to stabilize the cocoa power and to compactly pack the power, he turned it into a pressed bar. However, Cadbury realized that it could be made edible without cooking with the help of a sweetening agent. And so, the world’s first chocolate bar was made by John Cadbury.

In 1875, a Swiss manufacturer added milk to this recipe to create the first milk chocolate. Cadbury passed through many capable hands and grew internationally to become the world’s most renowned confectioner. Recently it was taken over by Mondelez International in 2010.

The takeaway: Keep learning, adapting and innovating so you can grow along with your product.

Wilson Greatbatch, Inventor of the Pacemaker

The pacemaker, a small device that helps with arrhythmia was a fortunate blunder invented by an engineer from Buffalo, New York named Wilson Greatbatch. He was working as an Assistant Professor at the University of Buffalo when during an experiment he picked up on one mega ohm resistor instead of a 10000 ohm variety. He found that the signal sent by the circuit sounded for 1.8 millisecond along with pauses which could be synchronized to replicate the beats of a human heart.

He was working as an Assistant Professor at the University of Buffalo when during an experiment he accidentally placed a transistor that was 100 times more powerful than the ones he used in the instrument. The circuit started to “squeg” with a 1.8-millisecond pulse followed by a 1-second interval which could be synchronized to replicate the beats of a human heart. The small circuit could be implanted to the chest during surgeries to override the irregular heartbeats of the patient. The device was named pacemaker.

In 1970, Wilson found Greatbatch Inc. to manufacture batteries for pacemakers. Today, Greatbatch Technologies is one of the leading names in the medical instruments sector. The device is known to have saved the lives of millions of people who undergo heart surgery every day.

The takeaway: Setbacks are inevitable. It’s what you do with failure that counts.

Subscribe to the nation’s fastest-growing CEO magazine to read about the latest tech news and updates.

Avatar
Anna Domanska
Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders.

Recent Posts

Accor reports $2.5 billion loss, hopeful of a recovery by next year

Accor reports $2.5 billion loss, hopeful of a recovery by next year

Accor, Europe’s largest hotel chain, reported a $2.5 billion net loss in 2020 due to the deterioration in the industry linked to the sprea...
10 hours ago
Is the sun shining again on AMC stock?

Is the sun shining again on AMC stock?

As the old adage goes, good things come to those who wait. This might come true for movie theatre operator AMC Entertainment Holdings Inc. w...
12 hours ago
HSBC turns to Asia for future growth

HSBC turns to Asia for future growth

The bank’s maximum pre-tax benefits (90%) come from its Asian business. Chairman Mark Tucker and chief executive Noel Quinn are strugg...
1 day ago
Wells Fargo to forego asset management unit to private equity for $2.1 billion

Wells Fargo to forego asset management unit to private equity for $2.1 billion

Wells Fargo has been underperforming for the past few years and has undertaken cost-cutting and restructuring to improve its numbers. Wells ...
1 day ago
Lucid Motors partners with Churchill Capital IV to go public in SPAC mega deal

Lucid Motors partners with Churchill Capital IV to go public in SPAC mega deal

Lucid Motors, the luxury electric vehicle makers, will go public with a blank-check firm Churchill Capital IV Corp in a $24 billion deal, th...
1 day ago
Aviva hives off French unit to Aéma Groupe for $3.9 billion

Aviva hives off French unit to Aéma Groupe for $3.9 billion

UK’s leading insurer Aviva Plc has sold its French unit for 3.2 billion euros ($3.9 billion), marking the biggest deal under chief executi...
3 days ago