2. Income & Salary
Knight continued his education at Stanford Business school. åÊWhile taking a class on small business Knight reported that a light came on when his professor was describing what an entrepreneur is.
“That class was an ‘aha!’ moment … Shallenberger defined the type of person who was an entrepreneur–and I realized he was talking to me. I remember after saying to myself: ‘This is really what I would like to do.’ “
Knight wrote aåÊpaper in that class sparking his interest combining track and business, “Can Japanese Sports Shoes Do to German Sports Shoes What Japanese Cameras Did to German Cameras?” After graduation, Knight took a job as an accountant at a major firm that would go on to become present day Price Waterhouse as well as work as an assistant professor of business administration at Portland State. åÊHowever Knight took a trip to Asia exploring the world and ran across Tiger-brand running shoes. åÊHe was so impressed with the quality and low cost that he called the owner who took a meeting with the aspiring entrepreneur. åÊBy the end of the meeting Knight had secured distribution rights for the western United States. åÊWhen samples of tiger brand shoes arrived, Knight sent them to his coach at the University of Oregon Bill Bowerman with the hopes that he would buy some for his team. åÊBill was so impressed that he not only bought some, he offered to become Knights business partner. åÊThe two became partners and formed Blue Ribbon Sports that would eventually become Nike. åÊKnight paid a $35 commission to Carolyn Davidson in 1971 for the Nike swoosh – arguably the most recognizable logo in the world along with Coke and McDonalds. åÊOriginally Knight sold shoes out of the trunk of his car at track meets until eventually sales were high enough that he could leave his accounting job.