Starting your own business may sound incredibly enticing. After all, you get to be your own boss, set your own paycheck, and make your own work schedule. However, most businesses fail within the first year, and sometimes the owners don’t see a return on their investment for a few years or more. You won’t be collecting a paycheck anytime soon unless you somehow manage to come across a brilliant idea that blows up in your face in the right way. Some people manage to do that, and they go on to become millionaires. Here are ten business start ups that made millions.
1-800-GOT-JUNK? is a junk removal service formed in Vancouver, Canada, back in 1989 by Brian Scudamore. He bought a used truck for $700, then put out an ad saying he would remove people’s trash quickly. The concept blew up. The company is worth over $100 million, and has spread to three countries.
Starting your own website is quite easy these days, what with all of the services available. One man decided to exploit that market by coming up with a website that simply suggests domain names for your own website. The company is worth $5 million.