Wannas Forum

Posted: **Mon Sep 18, 2023 4:43 pm**

The Founder of FedEx Saved the Company by Gambling in Vegas

The founder of FedEx saved his floundering company by gambling in Vegas, earning $27,000 in blackjack! The company only had $5,000 in its coffers when Frederick Smith decided to fly to Vegas in 1973 and risk it all. Though this isn't good investment or business advice in general, Smith's gamble paid off, allowing the company to last long enough to raise $11 million and eventually earn its first profits in 1976.

Posted: **Tue Sep 19, 2023 11:56 am**

Frederick Smith's entrepreneurial spirit, determination, and willingness to take calculated risks played a role in the success of FedEx, which eventually became a global logistics and delivery giant

Posted: **Wed Sep 20, 2023 5:45 am**

Prince577 wrote: Mon Sep 18, 2023 4:43 pm The Founder of FedEx Saved the Company by Gambling in Vegas

The founder of FedEx saved his floundering company by gambling in Vegas, earning $27,000 in blackjack! The company only had $5,000 in its coffers when Frederick Smith decided to fly to Vegas in 1973 and risk it all. Though this isn't good investment or business advice in general, Smith's gamble paid off, allowing the company to last long enough to raise $11 million and eventually earn its first profits in 1976.

It's a fascinating story of entrepreneurial determination, there are countless others where individuals or businesses have faced ruin due to similar gambles. In the world of business, careful planning, strategic decision-making, and a solid financial foundation are typically the keys to success.

But it's crucial to note that such a gamble is far from a recommended business strategy.

Wannas Forum

DID YOU KNOW ?

DID YOU KNOW ?

Re: DID YOU KNOW ?

Re: DID YOU KNOW ?