Shoe Dog
By Phil Knight
Phil Knight, the founder and CEO of Nike, finally brings us the raw uncensored tale behind the massively successful shoe brand that we all know and love (or hate if you’re Adidas). Nike was founded in 1962 after Knight graduated undergrad from Oregon and later Stanford business school and borrowed $50 from his father to build low cost, high quality running shoes from Japanese material. In his first year he made $8,000 dollars. Now Nike is worth $30 billion annually. In this epic retelling of the early days of his empire Phil Knight tells us all about the good and the bad behind the Nike swoosh’s meteoric rise into a global brand that has changed the world. Soon to be a major motion picture starring Adam Driver as Phil Knight.
“I’d tell men and women in their mid twenties not to settle for a job or a profession or even a career. Seek a calling. Even if you don’t know what that means, seek it. If you’re following your calling, the fatigue will be easier to bear, the disappointments will be fuel, the highs will be like nothing you’ve ever felt.”
Thoughts
A relatively newer book that should definitely be on your business books to read. Sure, Nike has been criticized in the news for sweatshops in Asian factories which are sort of the backbone of their entire business model, but I don’t want to address any of that because it is not productive and would take away from a great startup story. Phil Knight is the typical geek, or “Shoe Dog” as he calls it, that has found his passion and discovered how to make money from it. When the Oregon Ducks track and field team were churning through crappily made shoes it was becoming costly for both the University and the runners so Knight wanted to find a solution. From a product idea to laying off employees to dealing with manufacturers in a foreign country Knight explains how in a lot of ways he pioneered the off-shore manufacturing game for US based companies, and how there were so many pitfalls along the way. But this is more of a story about resilience and one that argues if you want something bad enough you will find a way through the hard times. And if you don’t, you won’t be bringing in $30 billion a year like Philly Knight.
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