UMass Boston's Entrepreneurship Club is for aspiring business leaders founded by students, for students. We welcome all Beacons, regardless of your degree. You just need a dream of starting a business, discovering a new technology, disrupting an industry, or changing the world. Check back to this blog, an extension of the Wednesday night meetings, for stories about Beacon trailblazers, events on and off campus, and engaging articles and videos.
Tuesday, April 11, 2017
Howard Schultz: In the People business, serving coffee
Check out this article describing the former CEO of Starbuck’s story. Schultz has a true rags to riches story, growing up poor but making it through college. However, his story is not a quick one, he worked for a year at a ski lodge after graduating, then at Xerox for three years (which he did not like doing), then worked at Hammarplast for a few years. It was while at Hammarplast that he met the founders of Starbucks, which was a small chain (they had around 3 stores in Seattle). Starbucks hired Schultz, but he did not last long, he left after a few years to found Il Giornale (a coffee store based off of the ones in Italy). Schultz pitched his idea to 242 investors and 217 said no, but after a few years he was able to grow his company and buy out Starbucks for $3.8 million. Today, Starbucks is worth 2.1 billion.
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