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The Shoe Dog: Phil Knight Success Story Will Leave You Speechless

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Brief History and Early Beginnings

Phil Knight is the man behind one of the sport’s most popular brands. Nike is a company known throughout the world they have the iconic swoosh logo and many influential athletes linked to them. The likes of Lebron James, Cristiano Ronaldo, and Tiger Woods are just a few of the names Nike has. They have a competitive rivalry with Adidas. Phil Knight is a billionaire with a net worth of $52 billion dollars. He is the CEO of the company and at the moment he is the 26th richest man in the world according to Forbes. Phil Knight was born on February 24th,1938 in Portland. Phil Knight attended Cleveland High School. His dad was a lawyer and even stopped him from having a summer job, the reason for this was he believed his son should try and find work on his own promoting independent work and thinking. However, Phil Knight did eventually find work but it was tough for him as he would run seven miles back home. His job at the time was to tabulate sports scores and he would work in the morning. Phil Knight was an athletic person and his record for the mile run was 4 minutes and 13 seconds. He went to the University of Oregon and really impressed with his performances in track. He also went to Stanford University.

Success

Despite his sporting background, Phil Knight didn’t just immediately dive into Nike. After he finished graduating he took multiple jobs. He was a CPA with Coopers & Lybrand and later on with Price Waterhouse, He was an accounting professor for Portland State University, he even had one year in active duty for the army. Nike was founded in 1964, the company offers sports equipment and apparel. The name Nike actually comes to form a greek goddess of victory. Due to Phil Knight’s background in running the company was originally for people who liked running. Phil KNight’s trip to Japan meant that he could take inspiration from the Japanese brand Onitsuka tiger. Phil Knight was so impressed with the brand that he had secured the distribution rights, Despite the fact it would take an awfully long time for the products to be distributed to America. The swoosh is one of the most iconic logos in the world however it only took $35 dollars to be made by Carolyn Davidson. The company really started to progress in the 1980s and 1990s. The acquisition of Micheal Jordan really increased the popularity of the company, especially in America. However, sensing the popularity that kept on growing Nike also looked at other sports they could invest in. They looked at sports like Football, Cricket, American Football, Baseball, and Ice Hockey. From a company that began just focusing on running, they really grew a lot. Phil Knight despite all of his success has been criticized for his use of sweatshops. These places exploit people and also use child labor which leads to protests in a lot of cities across America. In 2020 they had annual revenue of 37.40 billion dollars.

Personal Life

Phil Knight is married to Penelope Parks and the couple has been married since 1968. Phil knight has two children. Unfortunately one of the children died. Matthew Knight died in a scuba diving accident.

Phil Knight Quotes

“I’d tell men and women in their midtwenties 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.”

“So that morning in 1962 I told myself: Let everyone else call your idea crazy . . . just keep going. Don’t stop. Don’t even think about stopping until you get there, and don’t give much thought to where “there” is. Whatever comes, just don’t stop.”

“I thought back on my running career at Oregon. I’d competed with, and against, men far better, faster, more physically gifted. Many were future Olympians. And yet I’d trained myself to forget this unhappy fact. People reflexively assume that competition is always a good thing, that it always brings out the best in people, but that’s only true of people who can forget the competition. The art of competing, I’d learned from track, was the art of forgetting, and I now reminded myself of that fact. You must forget your limits. You must forget your doubts, your pain, your past. You”

“But that’s the nature of money. Whether you have it or not, whether you want it or not, whether you like it or not, it will try to define your days. Our task as human beings is not to let it.”

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