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Gu Chocolate Puds was founded by James Averdieck in 2003. He spotted a gap in the market: there was a lack of high quality desserts being sold that could be eaten at home. The founders of Innocent had no real experience in the market before they created their product.
Gu Chocolate Puds was founded by James Averdieck in 2003. He spotted a gap in the market: there was a lack of high quality desserts being sold that could be eaten at home. The founders of Innocent had no real experience in the market before they created their product.
Gu Chocolate Puds was founded by James Averdieck in 2003. He spotted a gap in the market: there was a lack of high quality desserts being sold that could be eaten at home. The founders of Innocent had no real experience in the market before they created their product.
James Averdieck founded G Chocolate Puds with the aim of
creating high quality
desserts and puddings. His products are now sold in over 3000 supermarkets in the UK and many other retailers. James spotted a gap in the market: there was a lack of high quality desserts being sold that could be eaten at home. James
had always wanted to be an
entrepreneur and other members of his family (his brothers, father and grandfather) had already set up their own businesses. His father drummed it into him that the key to a successful business was having the right product. James noticed that many of the desserts that he found when he was on holiday in France and Belgium were not available in the UK. There were no brands selling high quality desserts in the UK and James thought that he could be successful because he had experience with a top supermarket and dessert brand. James understood that his strengths were in marketing, so he realised that he needed to hire someone who would be good at the food/manufacturing side of the business. He launched the brand in 2003 and they have now have sales of over 10million per year. But, despite this success, James is always trying to improve the brand, remaining creative and innovative so that he can make sure that it is better than all its rivals.
Innocent is one of the UKs fastest growing brands, so it is
surprising that the founders of Innocent had no real experience
in the market before they
created their product. Three friends, Richard Reed, Adam Balon and Jon Wright met at university and worked on many mini-business ventures together, including setting up club nights. After leaving university, all three entered the world of work, working for big businesses in the City of London, in jobs that they have now admitted that they hated. They found themselves living a very unhealthy lifestyle snacking on chocolate and crisps in the morning and they came up with the idea of a healthy drink that people could have on the go. They sold these drinks for the first time at a festival, making the extremely risky move of leaving their fate in the hands of the festival-goers. They asked their customers to taste the drink and then put their empty bottle in a bin marked yes or no to cast their vote as to whether the guys should quit their jobs and take the smoothie business forward. Customers voted yes and so the lads quit their jobs. However, with just one months pay in their pockets, it was nine months before the business was up and running. The 3 entrepreneurs were eating cereal three times a day. But they were determined and one final, desperate, email found an investor for the brand. Their willpower and enthusiasm has made the business the success it is today they are fresh thinkers, and their hard work has led to Innocent selling more than 2 million smoothies per week. Their creative thinking has also led to the development of a range of products, including natural veg pots.
PizzaExpress was founded by Peter
Boizot in 1965. Peter returned home from a year working and travelling in Italy, but he couldnt find a single slice of pizza in England when he got back. He was soon to change all that Peter first fell in love with pizza when, as a vegetarian, he discovered an alternative to vegetable stew whilst on a foreign exchange visit to Italy in 1948. His love of the product led to his frustration when he was not able to buy pizza in England, not even in Italian restaurants. This combined with his desire to live life as an individual and not wanting to work for something else, led him to open up his own pizza restaurant. Peter invested a large sum of his own money over 1000, which was a lot in the 1960s, which was an extremely risky move. Despite many frustrations and setbacks, Peter persevered to create the vision he had for his own pizzeria. He began to give away free pizza in order to help people understand the product, showing initiative by dividing the pizza into slices and giving it out through the open store front to passers-by, however when he tried to charge for the pizza, business slowed. However, Peter was determined to succeed and refused to change his vision, opening his store before lunchtime and not closing till 4am so that he could get some business from late night drinkers. However, Peter was flexible enough to realise something needed to change, so whilst still selling just pizza, he decided to make his restaurant more than a cheap pizza restaurant and the PizzaExpress we are used to today was born.
PizzaExpress has now expanded all over the UK, mostly due to Peters vision, ambition and initiative. When asked, Peter said he never doubted his plan to bring pizza to the UK.
Peter Kindersley and
Christopher Dorling aimed to create colourful reference books into the usually dull textbook market. Trained as a painter, Peter left home at 22 to find his fortune in London. He made it big as an Art Director for a major publisher by the time he was 28, but he could not get along with how his bosses did business he decided instead to set up his own business. During his time as an Art Director, Peter met Christopher, who was a talented editor and also very good with numbers which went well with Peters imagination to create a brilliant business partnership. The pair decided they wanted to create brightly illustrated reference books something they cleverly realised would translate easily into many different languages, opening up many market segments to them. Peter and Christopher had a real passion for what they did creating quality was the most important thing to them, Peter explained I just loved building and making books. Peter also had access to many contacts from his previous job, making it easier to make DK successful.
Their innovative approach to publishing interested many
potential investors, but only after refusing to give up and travelling to the US with the little money they had (a very risky strategy) did they finally sell their original ideas. Peter describes this as the little bit of luck every entrepreneur needs. Despite many setbacks, including a fire in their printing works, meaning that all their work was lost and they had to start from fresh, exceedingly close to the deadline, Peter and Christopher never gave up. This attitude ensured that the business was the success that it is today.
Dyson is now a multinational company, which has achieved
sales of over 3bn worldwide. But to achieve this, James Dyson has gone through 20 years debt and faced multiple lawsuits. James Dyson was an engineer and designer. Whilst studying, he realised his dream was to be an inventor and during his time at his first job (where he quickly became a Director of the company), James realised how important it was to have a finished product before trying to sell the idea this experience would change how he did business in the future. Inspired to change how technology worked, James chose to leave his highly paid job and took out large loans to fund the start-up of his own business. This business was based on the design of a new wheelbarrow, but James was eventually bought out of this business, meaning he lost the design rights for his product too, a mistake he vowed never to make again.
James came up with the idea for a cyclone vacuum cleaner
when he noticed that his traditional vacuum would clog up very quickly. He adapted the cyclone technology from an industrial cleaner design and created a prototype from masking tape and cereal boxes. The new design wasnt immediately taken on by vacuum manufacturers and although he was in a lot of debt, James refused to sell his design for a one-off payment. He believed in his design and wasnt willing to give up on. Despite many legal battles over patents, near bankruptcy and manufacturers putting up prices and halting production, Dyson grew his business to the brand we know today, with determination and complete confidence in his designs.
Extreme is a group of businesses based around extreme sports,
such as skateboarding, snowboarding and surfing and it currently has revenue of over 30million, in more than 70 countries. Al Gosling, the entrepreneur behind the brand, says that he was never really into school, leaving with 2 A-Levels. This prompted him to move into business as an entrepreneur. When he was 21, he moved to the Bahamas to live an outdoors lifestyle and 'study he learnt to pilot a yacht and dive skills which he was determined to turn into a business idea when he returned home to the UK. His passion for extreme sports drove him to set up 2 businesses one to be an athlete management business and the other a TV distribution company that would help producers of shows featuring extreme sports.
Al spent the first few years in business working 12 hour days
and spending time and money trying to find programmes he could distribute. However, his commitment paid off over the years and the TV distribution business became a success. After having little success with the athlete management business, 4 years after its start, AL decided to close it down. Despite many setbacks and TV companies trying to not pay for the programmes they used, Al focussed on overcoming these issues one at a time, saying that he knew his business was strong enough to survive. Following the success of this business, Al decided to make the risky move into creating his own TV channel which he would sell to cable TV providers. The Extreme Sports Channel launched on Sky in 2000, with over 10 countries signing up for the channel by the end of its first year. The brand has continued to grow, now including a range of hotels and a clothing range. Al has stuck to his motto that if an idea has more pros than cons, it is an idea worth following.