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12 Little Known Facts About Famous Entrepreneurs

12 Little Known Facts About Famous Entrepreneurs

Perhaps you read a magazine headline today mentioning the latest hot startup. Or you might have watched an interview or TV show mentioning a popular new product. Even more likely is the chance you used your favorite app on your phone today to connect with friends or family.

All of these media experiences have one thing in common: Entrepreneurs!

Entrepreneurs who launch a business and stay with it long enough often bring valuable, practical experiences and commodities into the world. Many of us are often mesmerized by successful entrepreneurs, wondering how they do it.

It’s not always apparent how a person got from point A to point B. Everyone loves success stories, but few know about the grueling stepping stones involved in the sacrifice. Whether you’re a young professional or a seasoned entrepreneur, these stories below will inspire you to remain humble and persistent in your own businesses!

Read on to discover 12 little-known facts about famous entrepreneurs.

1. Colonel Sanders

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KFC2

    The great Colonel Sanders, iconic founder of the fast-food chain Kentucky Fried Chicken (KFC), began pursuing his fried chicken dream only after reaching age 65. On top of that, Sanders was rejected 1,009 times before his recipe was accepted by a restaurant willing to franchise. Talk about persistence!

    2. Gary Vaynerchuk

    garyvaynerchuck

      The man who built Wine Library–and now owns VaynerMedia–is the legendary Gary Vaynerchuk. Before diving deeply into his father’s existing wine business, Vaynerchuk encountered a number of tear-filled moments with himself while deciding whether or not he wanted to be involved in the family business. He decided to commit, and now Vaynerchuk is widely respected as one of the most influential and savvy marketers alive.

      3. Bill Gates

      billgates

        The Microsoft giant has experienced more than the average individual’s share of success. But the personal computing juggernaut has also been arrested. Sure enough, in 1977, young Gates was arrested for driving without a license and ignoring a red light. Not to fear, though; Gates’ life has been a lawful one since!

        4. Josh Tetrick

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        joshtetrick

          The relatively young founder of Hampton Creek Foods was studying law at the University of Michigan before he came up with his start-up. Since then, the company has seen incredible investments from some of the world’s wealthiest and most prominent tech figures (such as Bill Gates). Hampton Creek Foods is attempting to disrupt the traditional egg industry by building sustainable, vegan alternatives.

          5. Steve Jobs

          stevejobs

            Before Apple, Steve Jobs was working with Steve Wozniak on a game called Breakout for Atari. Jobs was given $5,000 by Atari to develop the game, and he actually lied to Wozniak about the total funding. Jobs claimed the company only provided $700, with Wozniak pocketing $350.

            What did Steve Jobs need the extra cash for? Perhaps he wanted the majority of the funding to use as he saw fit on the project. In any case, Jobs was willing to truly push the boundaries of everyday life to achieve his vision of success.

            6. Larry Ellison

            LarryEllison

              In addition to being a college dropout like Bill Gates and Steve Jobs, Larry Ellison has been heavily involved in the advancement of technology since 1977. If you were to ask a few dozen people on the street who conceived the tablet idea, most folks might think it was Apple. Surprisingly enough, Ellison’s company Oracle was the first to bring a tablet product to market. The Network Computer, a small device capable of basic computing tasks (such as email and Internet browsing), failed to impact consumers due to the lower cost and higher convenience of personal computers.

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              7. Robert Kiyosaki

              robertkiyosaki

                Presently, Robert Kiyosaki is known as one of the most prominent personal finance authors in the world. His books have sold millions of copes, and his name is often mentioned amongst the likes of Tony Robbins, Dale Carnegie and Zig Ziglar. What few people know is the exhausting climb Kiyosaki had before lasting success. In the early 1980s, Kiyosaki noticed that heavy metal bands were the new trend, and he subsequently started a business that licensed t-shirts to such bands. As the decade progressed and heavy metal’s heyday waned, the business fell out and his profits collapsed.

                8. Tony Robbins

                tonyrobbins

                  Tony Robbins, virtually the most acclaimed self-development magnate of all time, failed his way to success over and over again.[1] Most of his followers are well-aware of the stories he shares about his own journey. Even cooler (and more surprising!) are facts about his personal life. For example, not only does Robbins listen to different styles of music, some of his favorite artists are P. Diddy and Tupac!

                  9. Rowland Macy

                  macys

                    The founder of the massively successful department store, Rowland Macy, was a serial entrepreneur. Before becoming successful with Macy’s, however, he failed at seven prior business ventures.

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                    10. Joe Fernandez

                    joefernandez

                      Fernandez created Klout for people to create more influence on social media platforms. Funnily enough, Fernandez himself has been observed to have a low Klout score!

                      11. Amancio Ortega

                      Zara1

                        Once the richest men in the world for a few hours in October 2015, Ortega is best known for being the founder of the Inditex fashion group, a firm that operates clothing lines and retail stores. Ortega began his foray into the clothing industry when he was just a teen, delivering shirts for another company.

                        12. Warren Buffett

                        warrenbuffett

                          In a similar fashion to Kiyosaki at times, Warren Buffett has pushed through a variety of challenges and setbacks on his path to becoming a highly influential investor. Perhaps most impressive is the fact that he still lives in the same house he bought over 50 years ago. His house is not gated, he drives with no security staff and does not use a cell phone.

                          Reference

                          [1]Tony Robins: official site

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                          Last Updated on January 14, 2019

                          The Key to Finding Job Satisfaction and Having a Successful Career

                          The Key to Finding Job Satisfaction and Having a Successful Career

                          Regardless of whether you hold an entry-level administration role or regularly travel to the ends of the Earth as a hot-shot senior executive, you can still find yourself harboring an emptiness… a feeling that something is missing. A popular assumption that experiencing job satisfaction and a successful career should be underpinned by a well-rounded suite of tangible benefits, no longer holds true for many of us.

                          We’d never deny health care benefits, appropriate and fair remuneration, bonuses and travel perks in a job package. However, even if served to us on a silver platter, those features can only satiate us to a certain point.

                          You might wonder what governs entrepreneurs and start-up business owners to quit their lucrative jobs, essentially look the gift horse in the mouth and kiss such benefits goodbye! There can be an irresistible pull to mastermind a business with products and/or services that serve the greater good of community wider than that constituting their daily existence.

                          Even with research showing entrepreneurship to pose greater threats to their mental and physical health, this unique breed of individuals choose to go against the grain in chasing their dreams of being their own boss. Why? Why would anyone risk this type of career suicide?

                          Whether you’re an employee, have recently taken the leap to being a business owner or been in business for a while, the commonality is a congenital condition we all share as human beings; to feel a sense of purpose, value and contribution to our community. Despite it being harder to find this for ourselves in today’s world, these approaches will help you achieve ultimate satisfaction through the twists, turns and joyrides that are essential features of shaping a successful career.

                          1. Search for Opportunities That Feed Your Passion, Not Temporary Excitement

                          Even though well-intended, the ‘feel good now’ compass that career coaches and consultants often recommend you use to create career satisfaction can actually do you more harm than good. Excitement is transient. It doesn’t last. Passion is the compass you need.

                          Passion and excitement are two different things. The resounding career legacy that still draws you to turn up on the job regardless of the sunshine or storm that awaits you…that’s passion. It’s like a mental and/or emotional itch you can’t shrug off. Staying attuned to that calling will breed success for you sooner or later. Patience is key.

                          You’re also likely to have more than one key passion. Beware of getting caught in the notion you have to find your one true purpose. In fact, run immediately from any coach who tells you there is only one. There isn’t.

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                          Your passion is a journey that can take multiple forms so forget thinking there is the single dream job out there that will give you satisfaction in every way you can imagine. It simply doesn’t exist.

                          Consider embracing different roles and projects to help you fuel your passion or fuel your pursuits in finding it. Job satisfaction and your career success will be all the more sweeter from a wider range of enriching experiences.

                          2. Don’t Position Job and Career Satisfaction Assessments as Pivotal Guides to Your Success

                          Despite their popular use for vocational guidance, assessment tools such as Gallup’s Clifton Strengths and the Myers Briggs Type Indicator have come under fire[1] as being limited to the amount of true value and direction they can offer partakers.[2] These and many other guidance assessment tools (e.g. VIA Character Strengths , DISC ) are self-report questionnaires that don’t have normative population data against which to compare your results.

                          Simply remember these tools help you develop a stronger sense of what you identify as strengths and weaknesses within yourself, not in comparison with other people. They will still add insight around what sorts of career opportunities, tasks and projects are going to light your fire, what ones are going to extinguish it and what will prod and keep the coals steadily smoldering.

                          3. Be Clear on Your Personal Values, Ethics and Principles and Choose Relationships That Support You Honoring Them

                          Teamwork, collaboration, open communication and trust are commonplace for any flourishing work environment. However, whether or not your personal values can be honored in your work can make or break your job satisfaction.

                          How committed do you want to be to an organization that expects an average of 10 unpaid overtime hours every week under the guise of ‘reasonable overtime’? Are you willing to accept their construing this expectation as ‘strong commitment’ at the expense of your partner and children waiting at home for you? What are your boundaries concerning when you clock on to their time and when you clock off to yours?

                          Being very in tune with what your personal values, principles and ethics are will bid you well in the job satisfaction stakes. Spending time to reflect on experiences and working relationships you’ve had – the good, the bad and the ugly – will help you make well-informed searches and grounded decisions that will propel your career success.

                          Finding and nurturing relationships with associates and colleagues who share similar values doesn’t just make your day-to-day pursuits more enjoyable. You become fortunate to work with like-minded people who will support, understand and appreciate you like a second family.

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                          Being able to honor your personal values in your work means you will still be able to sleep at night when you have to tread where others fear to, and make extremely difficult decisions others would never ever dream of having to make as you forge success in your career.

                          4. Be Clear on Your Own Definition of What Having a Successful Career Means for You

                          It’s tempting to get caught up in the ideals and projections of success expressed by those we love, admire and respect. Underneath, we all want on some level to belong to a successful club of some sort.

                          With research reporting how much money we feel we need to be truly happy,[3] many of us try to subscribe to the notion that having the car of our dreams or taking a European holiday annually will not bring us happiness. The truth, however, for many of us is these tangible rewards are congratulatory reminders of our persistent efforts to chase our career pursuits.

                          If those are things you aspire to, don’t let anyone steal your desire and want to feel deserving of these things, that those are some parameters by which you define your career success.

                          Despite consistently being the top revenue earner for two years running, you may not wish to become the sales manager. You may not wish to step out into running your own business even though you consistently excel as an employee, delighting clients and repeatedly receiving glowing testimonials.

                          Your definition of career success might be enjoying the predictability of a regular workplace routine. You get to leave – without feeling guilty – at the same time each day, love the people you work with and get to spend a good, uninterrupted amount of work-stress free quality time with your family. That picture is also blissful job satisfaction and complete career success.

                          5. Identify the Sorts of Challenges and Problems You Want to Learn to Overcome

                          Standard advice you might receive from a career coach might be to look for opportunities where you get to capitalize on exercising your strengths and career-related activities you enjoy.

                          However, to become a success at anything involves improvement. To excel at anything often involves stepping outside boundaries and comfort zones where others wouldn’t. This means dedicating focus and attention to things you’re not so good at and things you don’t like.

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                          Here’s where working with a coach can be particularly helpful. Map out the experiences that were unsavory in your working history. Were there challenges you opted out of, projects you failed at or toxic relationships that blasted your sense of purpose and self-worth into oblivion? It’s within these experiences that you might just find the most valuable lessons and guiding lights for your trajectory to achieve greater job satisfaction.

                          If your natural leadership style is to be a collaborator, finding opportunities that require you to apply a more dictatorial style might be needed. Discussing a secondment or short-term project where you get to develop and test your skills can be a step further in earning contention to lead a larger project down the track.

                          With several of the company’s boldest personality types penciled to roll out the operation, you’ll not only develop skills that earn your right to throw your hat in the ring; those key players have an opportunity to see your competence. You can then work on building relationships with those stakeholders before you need to hit the ground running should you win the lead.

                          Greater job satisfaction comes with planning and choosing the lessons and opportunities you want to learn, not desperately flailing, floundering and hoping for the best.

                          6. Keep Reviewing Your Goal Posts and Be Amenable to Change

                          The word ‘career’ is indicative of a longer-term pathway of change, growth and development. The journey is dynamic.

                          You will accumulate new skills and let those you no longer need, become rusty. Your intrigue will be stimulated by new experiences, knowledge and people you meet. Your thinking will continue to expand, not shrink. As a result, your goalposts are likely to change.

                          A major part of enjoying a successful career is not just setting goals effectively, but regularly reviewing and readjusting them where necessary. However, moving the posts or the target still needs to take place by applying the same processes by which you originally created them. The strength of your emotional connection to those revised goals needs to be the same, if not stronger.

                          By asking yourself the following questions, you can assure your developmental and growth trajectory is still on course:

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                          • Would working toward these goals still allow me to honor my personal values, principles and ethics at the same capacity if not greater?
                          • Do the activities I need to undertake to meet these goals honor my highest priorities?
                          • Does this feel right for me and those who are nearest and dearest to me?
                          • Is this aligned with my passion?
                          • Is chasing this goal a right step for me to take now or is this a detour or distraction which could delay my greater plan?

                          Each of your career goals should have different review periods. Whatever you do, stick to the review schedule you set. It will not only keep you focused but help you see your progress (or lack thereof) and allow you to timely re-chart your course before you get too far down the track. You don’t want to waste time haphazardly heading in the wrong direction.

                          7. Be Prepared to Let Go

                          It can be unfathomable to us as to why others risk leaping into the unknown when everything truly appears fine and dandy in the career realm. The company provided stability, recognition, financial success, interesting projects and the promise of a promotion…what was wrong? Why now jump sideways to run a café or train in another field altogether?

                          Nothing may have been wrong at all. It was all going right. It was just the end of a chapter. Perhaps the yearning for the next step is actually taking a different trajectory entirely. You may want to simply experience a different rhythm. Perhaps it’s time to pursue a different passion.

                          If you have leaped from employee-land to freelancing or have made the reverse-jump (or you know someone who has), you will have quickly grown a different appreciation for pros and cons each work lifestyle brings. Working for yourself can bring the greater realization of your creativity, whether or not it can be monetized to earn you a living.

                          When your customers are buying you or a product you designed and fashioned, there is a direct level of appreciation and gratitude that can elevate your confidence in the way you have never experienced as an employee, regardless of your rank.

                          Similarly, there are times where we need to recognize our business ventures were adventures, not long-term life-changing empires. There are times we need to recognize that time is what provides the clearest limitation of how long we persist for in such pursuits.

                          We have to recognize the absence of enough financial, mental, emotional and physical breadcrumbs that tells us we’re no longer meant to push in that direction. At least, not for the present time.

                          The Bottom Line

                          Above all, keep the momentum. As long as you remain committed to pursuing work opportunities that allow you to honor your highest priorities, the truth of who you are and what you stand for, achieving ultimate job satisfaction and a successful career will never be too far away.

                          More Resources to Help Advance Your Career

                          Featured photo credit: Csaba Balazs via unsplash.com

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