Business Visualizations
Billionaires Who Built Up from Small Businesses
The world of entrepreneurship loves the tale of a small business startup that grew into a billion-dollar business. The team at Ooma illustrated the biggest names in this world of billionaires with a timeline showing how long it took them to reach their status from a small business start-up to a billion-dollar milestone.
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The graphic features 28 billionaires who built up from a small business. All names were pulled from the Forbes 400 list. While the graphic is stuffed full of details, the most fascinating is the measure of how many years they needed to become billionaires.
The first person to achieve the “self-made” billionaire status was John D. Rockefeller in 1916. The oil tycoon rode the wave of the industrial era to billionaire status. Today, there are almost 3,000 billionaires worldwide. The U.S. is home to the highest number, at 813 billionaires. We can see an industry trend in this graphic, which is that tech dominates. This is no surprise. As Rockefeller benefited from the need for oil, how we worked and what we produced changed completely, and tech has changed every aspect of our lives, so it’s no surprise that these entrepreneurs have reaped the rewards.
Notable examples are Bill Gates, founder of Microsoft, who led the way in introducing the personal computer to the general public. Warren Buffett took a different approach. He grew wealth by investing wisely in assets. Elon Musk started his first business with Zip2 in the early days of the Internet.
The Billionaire Journeys
The chart shows us that it took different people vastly different amounts of time to reach their status. Bezos and Zuckerberg were the fastest, becoming billionaires in just four years. Others like Donald Bern and John Menard Jr. had a slow build that took 43 years. Many people land somewhere in between these extremes, emphasizing that successful entrepreneurship takes dedication and persistence. We also see on that chart that there is only one woman, Diane Hendricks. This suggests that entrepreneurship and business are still rife with bias.
The Journeys of the Top 10 Billionaires
This is how long the wealthiest billionaires took to hit their status:
- Jeff Bezos: 4 years
- Mark Zuckerberg: 4 years
- Jan Koum: 5 years
- Larry Page: 6 years
- Sergey Brin: 6 years
- Henry Samueli: 9 years
- Bill Gates: 12 years
- Michael Dell: 12 years
- Steve Cohen: 12 years
- David Tepper: 13 years
Many people on this list transformed their industries, showing that successful entrepreneurs are creative and innovative. They show us that entrepreneurs should look for emerging trends in their industry, leverage new technology, and make strong investments. While a lot depends on love, it’s clear that persistence is key. The list gives us an idea of what kind of industries people can generate billion-dollar businesses in and how long it might take to get there. This chart is a great introduction to these business pioneers, and many of these billionaires have published books and given out advice on how they made their businesses a success.
Business Visualizations
New Study Examines Language Used to Let Employees Go
Letting an employee go is an unpleasant experience for everyone involved, but language has the power to guide the emotions surrounding an interaction. While the right words won’t erase the bad side of being let go, they can help the employee in question understand why the situation is happening and make them feel seen and heard. Preply leaned into the language aspects in these situations with a study examining the most common phrases and words used when letting an employee go and how employers and employees felt about the situation.
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Overall, the team found that these were the most common phrases used:
- Letting you go
- Effective immediately
- Terminating your employment
- This isn’t working out
- No longer require services
- Parting ways
- Ending your employment
- No longer needed
- Relieved of duties
- Ending our working relationship
Managers and employees seem to agree that lack of empathy and responsibility were the most common complaints about the process. One in six managers say they regret the words they chose when firing someone, and 92% feel they need more training on how to handle such situations. Employees wanted their managers to focus on clarity, compassion, empathy, and honesty when firing an employee.
The team studied changes that both managers and employees would like to see in the firing process.
These are the six things employees want to see improved:
- Better explanation
- Better empathy
- Taking responsibility rather than avoiding blame
- Face-to-face conversation rather than electronic
- Fewer team members involved in the firing
- Don’t compare fellow employees
Here’s how that compares to changes managers would like to make to the process:
- Better explanation
- Better empathy
- Face-to-face conversation rather than electronic
- Don’t compare fellow employees
- Taking responsibility rather than avoiding blame
- Fewer team members involved in firing
These are similar answers, but we can see that the two groups ranked their importance differently. Overall, 92% of Americans think managers could benefit from some language training when it comes to firing someone. Empathy and honesty were high on the list of employee wishes, indicating that understanding can help give them closure on the job, and empathy softens the blow. Not many managers would prefer a face-to-face meeting. Only 1 in 6 prefer this to virtual meetings, which seem to be the most common option.
Only 55% of managers have received training on how to fire someone, and with many of them regretting their language choices, it seems that many managers would benefit from some education in business language and communication. Notice that many of the top phrases are more professional ways to say “fired,” like “letting you go,” “terminating,” and “no longer require.”
When managing a team, empathy and clear language are crucial. These skills can help managers excel at many tasks beyond having to let an employee go. But when a situation like firing someone is emotionally charged, the language used becomes more important than ever. Hopefully, the team’s study can help managers reflect on how they go about the process.
Business Visualizations
Study Examines the Ways Americans Resign from Jobs
Over 1,000 Americans responded to a survey from the Preply team that studied how Americans communicate when they quit their jobs. In 2025, over 3 million Americans quit their jobs, clearly indicating resigning is a common occurrence. But this study reveals that people have different approaches to quitting, as well as some commonalities. The team’s analysis encompasses the methods used to resign as well as the tone, language, and feelings surrounding the resignation.
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Most Americans reported a verbal resignation. 76% of the survey responders used this direct and personal approach to quit their jobs, while only 9% gave a handwritten notice of resignation. That’s surprisingly fewer than the number who “ghosted” their employer at 19%. Around 10% of workers quit via text, leading to 43% reporting that their resignation only lasted a few minutes. Quitting can be awkward and uncomfortable, so it makes sense that people want to get the conversation over with. Those who quit in letter or text said they sent “just a few words.”
The next aspect the team considered was the tone and language used in the resignation. Naturally, many employees would want to avoid burning bridges when they quit. 91% of employees said they avoided using negative or critical language when resigning. 64% said they were conscious of using a polite tone, and 27% went as far as using apologetic tones and words. 60% of employees had to suppress their negative emotions and refrained from stating the critical reasons that led to their resignation.
There were some differences among ages and genders as well. Gen Z was the most restrained when resigning, with 61% stating that they held back emotions during the process. Boomers and Gen X were similar at 59% and 58% respectively. Millennials held back the least at 57%. As for gender, 63% of women said they suppressed their emotions and 53% of men reported the same. The team found that when employers offered exit interviews, 40% of workers felt more comfortable expressing their honest experiences at the company, which is important for companies that take worker experience and company culture seriously.
Most people said they avoided language, but here’s the specific breakdown of the tones they used when they quit:
- Polite – 64%
- Neutral – 54%
- Apologetic – 27%
- Angry – 12%
- Passive-aggressive – 12%
- Sarcastic – 6%
While people may hold back their negative feelings when resigning, that doesn’t mean these employees are above cutthroat tactics. One in eight people said they chose to resign at a time when they knew it would cause the most disruption and harm at work. Gen Z was the most likely to do this, and men were more likely than women. One in ten left negative or scathing reviews of their former company on sites like Glassdoor. Healthcare workers were the most likely to do this. These reviews often included negative words like “disorganized”, “stressful”, and “frustrating.” These written reviews often express things employers weren’t comfortable saying in person.
The trends and findings in this study provide a well-rounded look at a common experience, revealing surprising similarities among people in very different situations.
Business Visualizations
Which Products Will Consumers Spend More on in 5 Years?
The team at LLC Attorney analyzed business and economic trends to determine which products consumers will spend the most on over the next five years. Analysts invest a lot of effort into predicting spending trends to get ahead of the curve. Consumers can benefit from this data by using it to guide savings and create a budget. The team used their data to identify the individual categories that might see the highest spending and then determined how much prices may increase for products in these categories.
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Experts expect these products to see the biggest spending increase between 2025 and 2029:
- Food
- Tobacco
- Household Essentials
- Online Education
- Beverages
- Luxury Goods
- Fashion
- E-Services
- OTC Pharmaceuticals
- Furniture
Analysts predict consumers will spend $389 on food in 2029, which is a 12% increase. Food will always be a high-spending category since it’s a necessity. Inflation hit grocery prices hard, and those prices rarely go back down. Part of the reason grocery prices have increased is that busy lifestyles are driving consumers to spend more on convenience food and meal kits. At the same time, rising restaurant prices drive more people to cook at home, which means a greater spend on ingredients.
The team’s data shows specific food, beverage, and tobacco products with the largest projected spending increases:
- Fish and Seafood
- Oils and Fats
- Sauces and Spices
- Bread and Cereal Products
- Spreads and Sweeteners
- Confectionery and Snacks
- Meat
- Dairy Products and Eggs
- Fruits and Nuts
- Vegetables
Outside of those three categories, these specific products have the highest projected spending increase:
- Tissue and Hygiene Paper
- Luxury Watches and Jewelry
- Online University Education
- Luxury Fashion
- Home and Laundry Care
- Accessories
- Luxury Leather Goods
- Beauty Tech
- Grocery Delivery
- Prestige Cosmetics and Fragrances
It may be surprising to see tobacco spending increase so much. Surveys show that young adults are using more tobacco than the previous generation because of the popularity of vapes and e-cigarettes. “Vice markets” tend to rise in periods of economic strain, so the sales very well may hold firm.
The household essentials category is similar to high grocery spending. Toilet tissue is an essential item, and the COVID-19 pandemic drove up spending on cleaning products. It seems many Americans haven’t relaxed their cleaning standards since then.
A combination of current trends and expert analysis on consumer behavior leads to these spending predictions. Demographics, interests, needs, and economic stability all contribute to a population’s spending habits. Not all trends are predictable. Significant events like warfare and natural disasters can dramatically impact prices and spending habits in ways that economists may not be able to predict. While not every change can be expected, this data can still provide an accurate forecast, and consumers should pay attention to areas where prices are set to increase. Perspective business owners can also use this information to their advantage and find opportunities for areas that will be in high demand in a few years.
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