Harry Potter is a global phenomenon that has brought its author, J.K. Rowling, extreme wealth. However, Rowling was not always a success story: the British author was once a struggling single mother on welfare. The Harry Potter empire has its tentacles in myriad industries, including film, toys, books and even a theme park, and Rowling's entrepreneurial spirit has guided it the whole way.
According to the Business Insider, Rowling's persistence is a typical quality of many entrepreneurs. She initially submitted her manuscript to 12 different publishing houses and subsequently watched as each company rejected it. With true entrepreneurial spirit, Rowling persisted, securing a book contract with Scholastic and Bloomsbury that has paid her handsomely over the years.
Moreover, Rowling is a master storyteller and understands the importance of being patient in her business dealings. The Harry Potter films are the highest-grossing film series in cinematic history because of the time and dedication the crews and actors put into them. Lastly, Rowling understood that it was important to spread her brand, while still maintaining control over how it is used. While there are Harry Potter action figures and countless other items, Rowling never diluted her brand by selling it off before it had truly taken off.
Rowling has a net worth estimated at nearly $1 billion as a result of her different business ventures. With a little magic and a lot of hard work, an empire could await for fledgling entrepreneurs everywhere.