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From Small Business To Big Business:
7-11 Inc.
Entrepreneurs need inspiration. Because building a business is about having a vision and the will to succeed. The businesses in this series of articles have all started small and have since become icons of the business world. In this article we feature 7-11 Inc.
Everywhere you go today it seems there is a convenience store on the corner of an intersection. And 7-11 is the king of the convenience store world. In fact they might even be thought of as the father of the convenience store world considering how old the company actually is. Today the company is a subsidiary of Seven & I Holdings Co. of Japan but it wasn’t always so.
7-11 actually got started way back in 1927 in Dallas, Texas by a man named Joe C. Thompson. You see Mr. Thompson who was an employee of the Southland Ice Company had an idea. Back in the days before refrigerators you needed to purchase blocks of ice to keep everything cold. Well Mr. Thompson who happened to work at an ice plant thought that he could make some money by selling basic items like milk, eggs, and bread right from the dock since he had a lot of ice. He focused on convenience items and the fact he was able to keep them cold. This was something that other merchants in the area couldn’t do.
Mr. Thompson’s idea was a success needless to say. So much so that Mr. Thompson was able to buy the Southland Ice Company which he renamed Southland Corporation. Soon he had several locations in the Dallas area. It was because of the hours that his stores kept that the stores were named 7-11 in 1946. For other merchants in the area it was unheard of to open at 7 a.m. and not close till 11 p.m. By 1952 7-11 had opened its 100th store. In 1961 the company incorporated under the name The Southland Corporation.
It was in 1962 that the idea for the 24 hour store was first tried in Austin, Texas. Soon 24 hour stores were established in Las Vegas, Fort Worth, and Dallas. For the next 35 years it was business as usual while the company continued to steadily expand. But in 1987 the company would be dramatically shook up by the stock market crash.
Next>
7-11 Inc.
Entrepreneurs need inspiration. Because building a business is about having a vision and the will to succeed. The businesses in this series of articles have all started small and have since become icons of the business world. In this article we feature 7-11 Inc.
Everywhere you go today it seems there is a convenience store on the corner of an intersection. And 7-11 is the king of the convenience store world. In fact they might even be thought of as the father of the convenience store world considering how old the company actually is. Today the company is a subsidiary of Seven & I Holdings Co. of Japan but it wasn’t always so.
7-11 actually got started way back in 1927 in Dallas, Texas by a man named Joe C. Thompson. You see Mr. Thompson who was an employee of the Southland Ice Company had an idea. Back in the days before refrigerators you needed to purchase blocks of ice to keep everything cold. Well Mr. Thompson who happened to work at an ice plant thought that he could make some money by selling basic items like milk, eggs, and bread right from the dock since he had a lot of ice. He focused on convenience items and the fact he was able to keep them cold. This was something that other merchants in the area couldn’t do.
Mr. Thompson’s idea was a success needless to say. So much so that Mr. Thompson was able to buy the Southland Ice Company which he renamed Southland Corporation. Soon he had several locations in the Dallas area. It was because of the hours that his stores kept that the stores were named 7-11 in 1946. For other merchants in the area it was unheard of to open at 7 a.m. and not close till 11 p.m. By 1952 7-11 had opened its 100th store. In 1961 the company incorporated under the name The Southland Corporation.
It was in 1962 that the idea for the 24 hour store was first tried in Austin, Texas. Soon 24 hour stores were established in Las Vegas, Fort Worth, and Dallas. For the next 35 years it was business as usual while the company continued to steadily expand. But in 1987 the company would be dramatically shook up by the stock market crash.
Next>
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SCORE
Small Business Administration
Internal Revenue Service
Prosper.com Person to Person Lending
Better Business Bureau Online
USA Today Franchise Solutions
USA BizMart Business Broker Directory
Dunn and Bradstreet
Federal Trade Commission
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SmallBusinessDelivered.com Special Feature
From Small Business To Big Business:
Entrepreneurs need inspiration. Because building a business is about having a vision and the will to succeed. The businesses in this series of articles have all started small and have since become icons of the business world. Have you ever thought that your business could one day become an icon too? Pick one to find out more about them.
From Small Business To Big Business:
Entrepreneurs need inspiration. Because building a business is about having a vision and the will to succeed. The businesses in this series of articles have all started small and have since become icons of the business world. Have you ever thought that your business could one day become an icon too? Pick one to find out more about them.
Ben and Jerry's Homemade Ice Cream
Boston Beer Company Samuel Adams
Chik-Fil-A
Costco
Doctor's Associates Inc. A.K.A. Subway
Eddie Bauer Holdings Inc.
Gap Inc.
Sears, Roebuck and Co.
Starbucks Corporation
The Walt Disney Company
Boston Beer Company Samuel Adams
Chik-Fil-A
Costco
Doctor's Associates Inc. A.K.A. Subway
Eddie Bauer Holdings Inc.
Gap Inc.
Sears, Roebuck and Co.
Starbucks Corporation
The Walt Disney Company
SmallBusinessDelivered.com would like to introduce Cash Miller's Daily Business Blog. In it he discusses the many issues that small businesses everywhere face every day. If you'd like to follow along and maybe get in on the discussion all you have to do is Visit the Blog.
