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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 March 31, 2020

                          How to Use Visual Learning to Work More Effectively

                          How to Use Visual Learning to Work More Effectively

                          Knowledge is essential to become successful in life, your career and your business. Without learning new concepts and becoming proficient in our craft, we cannot excel in our chosen careers or archive knowledge to pass down to the next generation.

                          But content comes in various forms, and because how we learn influences how much we know, we need to talk about learning styles. This article will focus on how to utilize visual learning to boost your career or business.

                          The Importance of Knowing Your Learning Style

                          Knowing your learning style enables you to process new information to the best of your ability. Not only does it reduce your learning curve, you’re able to communicate these same concepts to others effectively.

                          But it all starts when you’re able to first identify the best way you learn.

                          As a college student, I soon figured out that taking online courses without visual aids or having an instructor in front of me led to poor retention of concepts.

                          Sure, I got good grades and performed excellently in my online exams. However. I discovered that I couldn’t maintain this performance level because I forgot 80 percent of the course content by the end of the semester.

                          There are several types of learning styles known to mankind. To give an idea of how visual learning stacks up against other learning styles, here’s a brief mention of some of the different types of learning styles we have.

                          The four most popular types of learning styles are:

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                          • Visual learning style (what this article talks about).
                          • Aural or auditory learning style (learning by listening to information presented).
                          • Verbal or linguistic learning style (learning that involves speech and writing).
                          • Tactile learning style (learning by touching and doing)

                          But for the purposes of this article, we will be focusing on using visual learning to boost your career or business.

                          How to Know If You’re a Visual Learner?

                          When it comes to boosting your career, business (or education), a visual learner is one who would most definitely choose shapes, images, symbols, or reading over auditory messages.

                          I’m talking about preferring to read an actual map when navigating to a new place over listening to verbal directions. I’m talking about discovering that you actually have trouble remembering what your manager said at the meeting because there were no graphs or illustrations to support the points raised.

                          Most people who struggle with learning probably aren’t leveraging their best learning styles. The earlier you identify how your learning style can boost your success, the less struggle you will encounter with processing new information throughout your career.

                          However, visual learning in particular CAN 10x your career or business whether it is your preferred learning style or not. And here’s why:

                          Several studies have arrived at the conclusion that the brain retains more information with the help of visual aids. In other words, images are directly processed by our long-term memory which helps us store information for longer periods of time.[1]

                          While some lessons can be performed orally, several concepts can only make sense if you have an image with an explanation of sequences (i.e learning about the human DNA).

                          Visual learning does use a different part of the brain and visual cues are processed by the part of the brain known as the occipital lobe.

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                          By engaging more parts of the brain during learning, you’re able to have a fuller understanding of concepts and facilitate better interaction with your immediate environment.

                          How to Use Visual Learning for Success

                          Here’re 4 ways to use visual learning to boost your career or business:

                          1. Bring back the to-do list. Then add shapes and colors to boost productivity.

                          We live in an age where computers have taken over virtually every aspect of productivity and most human functions. But written lists are making a comeback, and with an endless number of important tasks to complete, having a to-do list of tasks in order of importance can improve your productivity.

                          While coming up with a list is initially challenging, adding colors and shapes to written lists that you personally write and manage gives you an extra layer of assurance and boosts aids recall so that you actually get stuff done.

                          I have tried this technique in my work as a registered nurse and discovered that adding shapes and colors to to-do lists helps me delegate tasks, recognize where more work is needed, and makes it easy to cross off completed tasks at the end of the day.

                          2. Add graphs, charts and symbols to your reports.

                          Yes, it seems like more work cut out for you. However, graphs enable you monitor the heartbeat of your business.

                          Graphs and charts help you trend your finances, budget, and pretty much any data overtime. With the help of free and premium software available on the market, it has become easier to take plain data and in a matter of seconds, have relevant information displayed in different shapes and images.

                          As an entrepreneur, you can make predictions and allocate funds wisely when you’re able to see whether your efforts are rewarded. You can use colors and charts to delegate actions to members of your team and track performance at the same time.

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                          And when broken down into monthly, quarterly, bi-annual or annual goals, graphs and charts communicate what ordinary text cannot.

                          3. Effectively brainstorm with mind-mapping.

                          Mind-mapping is not new but I don’t think it’s been talked about as often as we do to-do lists.

                          With mind mapping, you’re organizing information accurately and drawing relationships between concepts and pieces from a whole.

                          Think of a mind map as a tree with several branches. For example, the tree can symbolize healthcare while each branch stands for nursing, medicine, laboratory science, and so on. When you look at nursing, you can further branch out into types of nursing; pediatric, women’s health, critical care, and so on.

                          It’s an interesting relationship; the more ideas you’re able to come up with for your chosen subject, the deeper you get and the stronger the association.

                          Mind maps really show you relationships between subjects and topics, and simplifies processes that might seem complicated at first glance. In a way, it is like a graphical representation of facts presented in a simple, visual format.

                          Mind mapping isn’t only limited to career professionals; business owners can benefit from mind mapping by organizing their online learning activities and breaking down complex tasks into simple actions so that you can accurately measure productivity.

                          4. Add video streaming to meetings.

                          What if you could double the productivity of your team members by video streaming your meetings or adding flash animation to your presentation at the same time?

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                          When you offer video as an alternative method of processing information to colleagues, there is a greater chance of retaining information because we recreate these stories into images in our minds.

                          For organizations that hold virtual meetings, it can also be an effective way to enhance performance during if people can see their colleagues in addition to flash animation or whatever form of video is provided during the meeting.

                          Is Visual Learning Better Than Other Learning Styles?

                          No, that is not the point. The goal here is to supplement your existing dominant learning style with visual learning so that you can experience a significant boost in how you process and use everyday information.

                          You might discover that understanding scientific concepts are much easier after incorporating visual learning or that you’re able to understand your organization’s value when projected on a visual screen with charts and graphs.

                          The overall goal is to always be learning and to continue to leverage visual learning style in your career and business.

                          More About Learning Styles

                          Featured photo credit: Unsplash via unsplash.com

                          Reference

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