COCA COLA BIRTH
Confederate Colonel John Pemberton, who was wounded in the American Civil War and became addicted to morphine, began a quest to find a substitute for the problematic drug. The prototype Coca-Cola recipe was formulated at Pemberton’s Eagle Drug and Chemical House, a drugstore in Columbus, Georgia, originally as a coca wine. He may have been inspired by the formidable success of Vin Mariani, a French coca wine. It is also worth noting that a Spanish drink called “Kola Coca” was presented at a contest in Philadelphia in 1885, a year before the official birth of Coca-Cola. The patent for this Spanish drink was bought by Coca-Cola in 1953.
The Coca-Cola Company earns over $15 million of pure profit every day – but it actually lost money in its first year.
The COCA-COLA OR COCK is a case study and an inspirational company for millions of students and entrepreneurs to learn and earn. Today we are giving you best 5 lessons for every student and entrepreneurs
THE 5 LESSONS ARE GIVEN BELOW
#1 Profits Don’t Come Right Away
Since young companies need time to develop, they often require hours of labor with little monetary reward. Time is just like any other investment: if it’s well-spent, it will pay off.
In the case of Coca-Cola, John Pemberton lost $20 in his first year selling the syrup. He wasn’t making any money then, but he was laying the foundation for the next year’s profits (and the 100+ years after that).
#2 Failures are Stepping Stones
Every time you make a mistake, that means there’s one fewer mistake between you and success. The best way to learn how to do something is to totally fail at it – and then reflect on what you could have done differently.
There’s no point in feeling discouraged. Simply learn and change.
#3 Don’t Resist Change
Pemberton’s brain tonic was supposedly a cure for horrible-sounding ailments like, “Neuralgia,” “Hysteria…” and “Melancholia.” But there’s no way that Coca-Cola would be the huge corporation it is today if they hadn’t started marketing their beverage as a soft drink.
As an entrepreneur, don’t let carefully-laid plans blind your eyes to better opportunities.
#4 It’s Never Too Early to Start Branding
By sticking with a tasteful, timeless image, Coca-Cola has turned their logo into an icon. Your brand starts on the same day as your business – so be deliberate and consistent from the get-go.
Even if your business doesn’t have a logo or color scheme, you still have a brand to maintain. You’re building your brand every time you talk with a client or type out a tweet.
#5 Brand Big
Brands like Nike, Apple, and Coca-Cola have permeated the collective subconscious by embodying big feelings and ideas.
Of course, those companies also have multi-million dollar marketing budgets and you probably don’t. But if you have a firmly set vision for what feelings and ideas you want people to associate with your business, it will show through.
Today, Coca-Cola is widely considered the biggest brand in the world – but it has something in common with even the smallest start-up: it began with just an entrepreneur and an idea. How will you apply the story of Coca-Cola to your own business?