EDISON :- A BUSINESS TYCOON

 Thomas Edison created over 100 enterprises and partnerships, some of which are still in operation today Edison is widely regarded as the inventor of the practical and commercially successful incandescent electric light bulb. However, Edison developed (or assisted in the invention of) whole sectors such as the electric, music, motion picture, and battery industries.

Edison's business career began before he was a teenager and lasted virtually until the day he died. He began selling newspapers and candies on the Grand Trunk Railroad, which connected Detroit to his birthplace of Port Huron, Michigan when he was 12 years old. Dissatisfied with selling other people's newspapers, he started producing his own, The Weekly Herald and selling it on the train as well. Simultaneously, he established a vegetable market and carried part of the product to Detroit for resale at a higher price. Edison had such entrepreneurial skills throughout his life, and it was critical to his numerous accomplishments.

Following the invention of the practical light bulb, Edison founded the Edison Illuminating Corporation, the first electric power-producing, and distribution company. He turned on the electrical power distribution system at the Pearl Street facility in Lower Manhattan on September 4, 1882, powering 400 lamps for 82 clients. By 1884, the Pearl Street Station had generated enough energy to power over 10,000 light bulbs.

He was a brilliant businessman. He built Edison Studios in New Jersey shortly after creating the first-ever movie camera. The structure was built on rollers to follow the course of the sun across the sky. His 5-second film "Fred Ott's Sneeze" became the first copyrighted motion picture in 1894. Audiences went to theatres to see this new technology. Many additional tiny film production firms sprouted up to suit the demand.

Edison despised competition. so, he began suing them in an attempt to push them out of business. When that failed, he formed the Motion Picture Patents Company, a consortium of eleven film studios led by Edison Studios.