He had an MBA from Stanford University and left a full-time career as an accountant to sell shoes out of the trunk of his car. Shoe Dog Summary and 20 Lessons LearnedĪs Nike was a growing company, Knight made almost no profit, his business struggled, and faced bankruptcy many times. In 1980 Nike took the opportunity to go public to astounding success, making Knight worth $178 million overnight. The memoir explores the challenges Knight faced with his exporters, which would lead to Knight and Bowerman to manufacture their own shoes, the creation of Nike, their iconic “swoosh”, and the expansion into clothing. This decision led to the birth of Blue Ribbon Sports, and his partnership with track and field coach, Bill Bowerman. With the idea of importing high-quality, low-cost shoes, he took his first international trip to Japan and borrowed money from his father to import Tiger shoes.
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