Business Facts

    Random Business Facts

    There are 75 Business Facts!

    20% of tuxedo rentals take place in May.
    13
    A man sued Bank of America for erroneously foreclosing on his home and won. When they didn’t pay the fees, he foreclosed their bank.
    12
    Tim's Place
    Tim's Place
    There's a restaurant in Albuquerque called Tim's Place that serves breakfast, lunch, and hugs - and it's owned by a man with Down's Syndrome.
    97
    CEO takes over company worth $9m, fires management, gives power to employees, and now makes over $200m
    Ricardo Semler, a CEO in his twenties, took over a company worth $9m, fired most of the management, and gave the power to the employees. It now has a turnover of over $200m.
    15
    Dell's first advertisement was made on the back of a pizza box.
    78
    The first product that the toy company Mattel came out with was picture frames.
    17
    Free Russian Coffee Houses
    Free Russian Coffee Houses
    There are coffee houses in Russia where food and drink are free, but you pay for time.
    39
    It has been scientifically proven that praise rather than criticism is the best way to help employees improve.
    10