You can learn a lot from successful companies, especially if you want to start your own. Looking at successful businesses in an average economic climate is one thing, but seeing which companies thrived in the economic chaos we've experienced over the past 5 years is quite a different story.
According to USA Today, there are several companies that more than doubled their stock value for investors. Priceline increased a whopping 1622%!
An interesting factor is that the companies that topped the list were not all from the same industry, as you might expect. As a matter of fact, several industries are represented. Restaurants, retailers, technology companies, finance and entertainment businesses are all included, just to name a few.
Understandably, these businesses had to adapt to the changing market in order to achieve the success they have. Whether they offered new and different products like Amazon or Apple or they changed the way they offered their services like Netflix, these entrepreneurs paid attention to what customers wanted - even before they started looking for it.
If you want to start a business or are looking for ways to increase your company's revenue, you want to look at what consumers are lacking - even if they don't know they are lacking it. Yes, this can be a tricky task, but that's why studying the already-successful ventures is so helpful...
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