6 Hugely Successful Businesses Started On a Shoestring Budget

John Paul Mitchell Systems and Patrón Tequila

John Paul DeJoria is the cofounder of hair care company John Paul Mitchell Systems and Patrón Tequila. In 1980, DeJoria was homeless and selling shampoo and encyclopedias door-to-door. He launched JPMS with business partner John Paul Mitchell for $700, or $2,200 adjusting for inflation. DeJoria is now worth $2.6 billion.

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