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10 Most Successful Entrepreneurs (And What to Learn from Them)

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10 Most Successful Entrepreneurs (And What to Learn from Them)

Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

1. Bill Gates: Keep Learning and Exploring

    If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

    Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

    He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

    “The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

    Gates’ success is built on self-improvement and the seeds of an idea.

    Learn more about Bill Gates’ story here.

    2. Elon Musk: Never Stop Innovating

      Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

      Elon Musk, however, breaks that rule.

      Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

      When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

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      Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

      Learn more about Elon Musk’s story here.

      3. Richard Branson: Develop People First

        British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

        The billionaire is strongly particular about working with a team that shares his core values and aspirations.

        Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

        A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

        Branson supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

        Learn more about Richard Branson’s story here.

        4. Jeff Bezos: A Relentless Focus on Customer Satisfaction

          Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

          For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

          While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

          While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

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          Learn more about Jeff Bezos’ story here.

          5. Mark Zuckerberg: Start Small, Think Big

            Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

            “The biggest risk is not taking any risk.”

            He’s always daring to explore with a fearless mindset.

            The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

            However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

            Learn more about Mark Zuckerberg’s story here.

            6. Steve Jobs: Live Your Own Dreams

              Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

              The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

              Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

              After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life.

              “No matter how much money you have, even the richest man can’t buy time.”

              Learn more about Steve Jobs’ story here.

              7. Warren Buffett: Balance is Essential to Success

                Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

                After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

                With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

                Learn more about Warren Buffett’s story here.

                8. Jack Ma: Never Give up

                  On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

                  Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

                  His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

                  Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. He says:

                  “It’s important to have patience.”

                  Learn more about Jack Ma’s story here.

                  9. Melanie Perkins: Know Your Worth and Keep Trying

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                    Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.[1]

                    She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

                    Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.[2]

                    Learn more about Melanie Perkins’ story here.

                    10. Tan Min Liang: Passion Can Pay Off

                      Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

                      Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

                      The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

                      So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

                      Learn more about Tan Min Liang’s story here.

                      Final Thoughts

                      In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

                      Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

                      More Articles About Entrepreneurship

                      Featured photo credit: Patrick Tomasso via unsplash.com

                      Reference

                      More by this author

                      Eugene Cheng

                      Eugene is Lifehack's Entrepreneurship Expert. He is the co-founder and creative lead of HighSpark, offering presentation training for companies.

                      Why Leadership and Management Are Two Sides of a Coin How to Overcome the Fear of Public Speaking (A Step-by-Step Guide) How to Succeed in Business: 10 Skills Every Entrepreneur Needs How to Learn Business as an Aspiring Entrepreneur 10 Most Successful Entrepreneurs (And What to Learn from Them)

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                      1 10 Effective Ways To Make You a Fast Learner 2 8 Time Management Strategies for Busy People 3 50 LinkedIn Influencers To Follow, No Matter Your Industry 4 How to Break Bad Habits (The Only Effective Way) 5 15 Daily Rituals of Highly Successful People

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                      Last Updated on June 1, 2021

                      10 Effective Ways To Make You a Fast Learner

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                      10 Effective Ways To Make You a Fast Learner

                      The importance of learning cannot be underestimated. Learning empowers us to fulfill our ideas and realize our full potential. The speed of gaining new knowledge is practically as important as its volume. Who wouldn’t love to remember tons of information as quickly as possible?

                      If you want to start learning faster, you need a new approach towards the process which would enable you to comprehend the essence of the matter and relate it with new concepts you encounter.

                      The following 10 tips will help you become a fast learner:

                      1. Analyze Your Learning Style

                      Before you can start experimenting with different studying methods, you need to understand what type of learner you are:

                      Is your memory associated to sound?

                      Maybe you can remember what you were reading when a particular song was playing? If this is your case, then you fall into the category of auditory learners.

                      If you want to start studying more efficiently, then it would be wise to record the lectures and listen to them instead of reading textbooks.

                      Do you relate information to visual content?

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                      If you are a visual learner, you should implement images, graphs, charts, infographics, colorful lists, flashcards, and other types of visual content when you study.

                      Are you a physical learner?

                      If your learning style is not auditory or visual, then you might be a physical learner. Some students have too much energy; they tap their feet or play with a pen during lectures.

                      A walk before a lecture will calm your nerves down. You can try studying or listening to audio lectures during a walk. That will help you remember the information more quickly.

                      2. Use the Right EdTech Tools

                      Technology has the power of making everything easier. There are plenty of websites, online tools, and smartphone/tablet apps that will boost your skills of planning, writing, time management and brainstorming, etc.

                      One way of improving your productivity is using flashcards. You can make your own cards, but you can also download pre-made kits online:

                      • StudyBlue is one of the best online destinations when it comes to creating and discovering flashcards from all areas of study.
                      • If you are looking for a tool that makes the process of brainstorming more effective, then you should try PapersGear.
                      • You also need the SelfControl app, which will eliminate all distractions when you need to stay focused.
                      • Quizlet is another website you should bookmark; it offers study tools that will transform the learning process into a fun activity.
                      • Notella is an app that will help you take quick notes at any time.
                      • Brainscape is an educational platform that makes complex subjects easy by relying on cognitive science.
                      • You can also try Dragon Dictation, especially if you are an audio learner.

                      3. Train Your Brain to Accept New Information

                      Efficient studying is a habit. Your brain needs constant training if you want to improve your focus and complete complex tasks without taking breaks.

                      One way to achieve this goal is to create a private learning space in your home. You’ll also need a specific time of day that you’ll devote to studying. That will make your brain ready to accept the information it gets, so you’ll notice you’re starting to learn much faster by the day.

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                      4. Get Some Exercise

                      You are aware of the fact that physical activity is good for your body, but your brain needs it too!

                      Light exercise, such as yoga, can help you learn much faster. If you are inactive throughout the day, your body will want to move, so it will be difficult for you to stay focused.

                      If, on the other hand, you canalize your energy through light training sessions, you will be ready to study productively.

                      5. Work on the Ambiance

                      If you have a noisy neighborhood or a working environment full of distractions, you won’t be able to learn or study no matter how hard you try.

                      If you want to learn quickly, you need a quiet, distraction-free environment that won’t disturb the mind in any way. Such a peaceful place will set you in learning mode as soon as you find yourself in it.

                      6. Take a Lot of Notes

                      Only few people are capable of remembering information as they read it. If you don’t belong to this category of privileged learners, then you absolutely need to start taking notes.

                      This simple learning method will force you to think about the essence of the material. It will also give you a nice framework that will help you review the things you’ve learned.

                      Write down only the most important information. That will help you remember all the other things you’ve learned.

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                      Here’re some tips to take notes effectively: Why Successful People Take Notes And How to Make It Your Habit

                      7. Make Mind Maps

                      Mind maps are among the best tools to speed up the learning process. Your mind will process information effectively if you create a visual representation of the things you’re about to learn.

                      You can create a nice mind map in the old-school way: take a large sheet of paper and organize all facts and explanations. Use pictures, note-cards, and other symbols you can think of. Group similar items together and connect them with colorful pens.

                      Some tips mind-mapping here: How to Mind Map: Visualize Your Cluttered Thoughts in 3 Simple Steps

                      Of course, you can also use an online mind mapping tool if you want to save yourself some time.

                      8. Experiment with Memorization Methods

                      Memorizing is often misused in the process of studying. Some people memorize whole sentences, paragraphs and lectures without grasping their essence.

                      However, memorization can be useful when you need to learn definitions and classifications really quickly. Don’t avoid this technique if you want to fill your brain with information without wasting any time.

                      Try this if you want to memorize more and faster: How to Memorize More and Faster Than Other People

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                      9. Find the Right Context

                      Memorization works solely in times of urgency. If you want to learn in the most effective manner, then you need to have context for information.

                      Find an aspect that’s interesting for you; try to research for related information, and you’ll discover the joy of learning.

                      The first step? Jot down as much information and as many ideas as possible: How Simply Jotting Down Ideas Can Make You Smarter

                      With time, this practice will make you a faster learner.

                      10. Study Every Day

                      It will take some time before you get used to a daily studying routine, but your mind will eventually grasp the habit.

                      The more frequently you study, the less time it will take for you to remember the things you read.

                      If you start studying as soon as possible after you have learned some new concepts, it won’t take long at all for you to get ready for an exam. Now that sounds really good, doesn’t it?

                      More to Help You Learn Quicker

                      Featured photo credit: Becca Tapert via unsplash.com

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