The American Dream is a national ethos of the United States, the set of ideals (Democracy, Rights, Liberty, Opportunity, and Equality) in which freedom includes the opportunity for prosperity and success, and an upward social mobility for the family and children, achieved through hard work in a society with few barriers. In the definition of the American Dream by James Truslow Adams in 1931, “life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement” regardless of social class or circumstances of birth. The following 4 companies are examples of the American Dream!
At the remarkable age of just 21, young William S. Harley drew up plans to create a small engine to power a bicycle. That time, the engine was designed for use in a regular pedal-bicycle frame. along side his childhood friend Arthur Davidson, they started their little experiment in a 10 by 15-foot wooden shed. Walter Davidson, Arthur’s senior brother, helped them create the bike. Two years later, in 1903, they officially founded Harley-Davidson, today’s most well-known motorcycle brand in the world. Since failure and entrepreneurship go hand in hand, the young dreamers had to learn it the hard way. Their bike was unable to climb the hill without pedal assistance. However, history shows that they succeeded. Despite their sales dropping from 21,000 in 1929 to 3,703 in 1933, they sticked to their vision. Today, Harley grosses a net income of $795.53 million.
Lotus Cars Limited
In 1952, two college graduates from London created what is today known as one of the premier racing car manufacturers in the world. Colin Chapman and Colin Dare created the Lotus Group of Companies. Lotus Components Limited, which focused on road cars and customer competition car production, is a part of it and became Lotus Racing Limited in 1971. Both entrepreneurs faced tough financial times due to an economic recession. In other words, there had been limited development of the then model range and sales in the key United States market had virtually collapsed. Today, the former Startup makes over US$100 million.
It’s hard to believe that a company with 114,000 employees and estimated value of assets that reach US$193.69 billion, once started in a garage. Bill Gates and his childhood friend Paul Allen had always had immense passion for computer programming. The first company that they founded in 1972 was Traf-O-Data, which offered a rudimentary computer that tracked and analyzed automobile traffic data. Allen then pursued to get a degree in computer science, how ever dropped out to work on Honeywell, an American multinational conglomerate company that produces a variety of commercial and consumer products, engineering services and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments. In 2015, it’s net income was estimated US$4.768 billion. Gates attended Harvard, but also decided to drop out. On April 4, 1975, they officially founded Microsoft. The rest is history.