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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 November 19, 2019

                          Work Smarter, Not Harder: 12 Ways to Work Smart

                          Work Smarter, Not Harder: 12 Ways to Work Smart

                          I imagine that like me, you say that you never have enough time and that you just cannot cope with 60 dozen things all at once.

                          How on earth do you get out of that spiral?

                          Many people never sit down and look at how to work smarter, rather than harder and even longer hours. But not you, you’re smart enough to try to learn effective ways to work.

                          So how to work smarter not harder? Here are 12 smart ways you should be following:

                          1. Improve Your Time Management Skills

                          Easier said than done? Well, no actually, because there are a few simple rules that can really help you to manage time better.

                          For example, when setting up a top priority task, you need to switch off the phone and ignore your email first. Then you need to abandon any ideas of multitasking as that will slow you down and ruin your focus.

                          Finally, set a reasonable deadline and do everything in your power to meet it.

                          “When you’re born, you’re born with 30,000 days. That’s it. The best strategic planning I can give to you is to think about that.” — Sir Ray Avery

                          2. Speed up Your Typing and Use Shortcuts

                          These days we’re all keyboard slaves. So why not speed up your typing and try to get rid of the two finger syndrome. In fact, when you save 21 days per year just by typing fast!

                          This is exactly what I am doing now, so I cannot honestly say I am practicing what I preach!

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                          But help is at hand. Try some of these apps and games to help you type fast: 8 Most Effective Games and Apps to Learn to Type Fast

                          Using shortcuts on the keyboard is another time saver and can speed up your work.

                          For example, press F2 to rename a selected file, while CTRL + I will put selected text in italics.

                          There are so many of these. If you make the effort to learn them, they really can be helpful.

                          3. Learn How to Use Productivity Tools

                          It is well worth downloading all the useful tools and apps that can highly boost your productivity. Take a look at these 18 Best Time Management Apps and Tools and install whatever fits your needs.

                          Now that is really a great way of working smarter, not harder.

                          4. Use Your Phone Wisely

                          Instead of writing emails, sometimes it’s better to pick up the phone and talk to the person responsible. It saves time, especially for important or urgent discussions.

                          If that colleague works in the same office, it is even better to go and talk to him or her. It gives you a break, you get some exercise and you actually make human contact which is becoming quite rare in this electronic world.

                          5. Keep a Tab on Your Tabs

                          If you are like me, you might well find that you have a ton of tabs open at the top of your browser.

                          In order to find the one you want, you have to search for them as they are off screen. Having all these tabs open slows down your browser too.

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                          One solution is to use OneTab which can keep a neat list on the screen of all these tabs when you want to quickly get to one of them or you want to remind yourself which ones you have open.

                          6. Use a “To Don’t” List

                          We all know about to do lists and I find that they are generally great. They give me a great sense of achievement as I cross off the tasks done.

                          But often, I find that we are doing non-essential tasks or ones that can easily be postponed. That is why many people recommend the to don’t list.[1]

                          Some people prefer to savagely prune the to do list while others prefer to have two separate lists, to do and to don’t. You just have to work out what works best for you when you are trying to save precious time to become more productive.

                          7. Expect Failure and Fight Paranoia

                          When failure rears its ugly head, some people get a bit paranoid and fear that this may become a trend.

                          Projects will go wrong and failure should be expected rather than feared. Learning lessons from failure and analyzing what went wrong is the best way forward.

                          “Do not be embarrassed by your failures, learn from them and start again.” — Richard Branson

                          And here you can find 10 Great Lessons Highly Successful People Have Learned From Failure.

                          8. Be Concise

                          Rambling on at meetings, in emails and even when introducing yourself to new clients can waste a lot of people’s time.

                          One way is to practice and sharpen your “elevator speech,”[2] which tells people in 30 seconds or less why they need your skills and how they can benefit from doing business with you.

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                          Just think of the many situations where this could be useful:

                          • Making new contacts
                          • Talking about yourself at a job interview
                          • Meeting people at conferences or parties
                          • Phone calls to new clients

                          9. Ask the Right Questions

                          “You can tell whether a man is clever by his answers. You can tell whether a man is wise by his questions.” — Naguib Mahfouz

                          How do you get feedback? The secret is to ask the right questions at the right time.

                          When you do this, you are gathering the information you need to help in decision making. This will save you time and you will be able to cut meetings to a minimum.

                          Forbes magazine reports on research that they carried out on asking the right questions.[3] When that happens, the positive effects are increased by 400%. There are also other benefits in staff motivation and a positive impact on the company’s bottom line.

                          Lifehack’s CEO Leon has shared about how to ask for feedback to learn faster: How to Learn Quickly And Master Any Skill You Want

                          10. Learn as Much as You Can

                          You should always be on a steep learning curve. Look at your skills profile and determine where you need to fill a gap. Talk to important connections and network in your niche.

                          Keep up to date on trends and developments. It is a fact-changing world. When an opportunity arises, you will be the best equipped to seize it because you have never stopped learning. Just another way of working smarter.

                          “Live as if you were to die tomorrow. Learn as if you were to live forever.” — Mahatma Gandhi

                          11. Look After Your Greatest Resource

                          No, your greatest resource is not time. It is YOU.

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                          If you do not get enough sleep, exercise and relaxation, you find that you become less and less productive. You begin to work longer and longer hours, which is the exact opposite of what you want.

                          What you should be doing is making sure you are in the best shape. It is useful to remember that you need a break of 15 minutes after every one and a half hours of work.[4]

                          Taking breaks and getting fresh air and exercise is one of the best ways of working smarter, not harder.

                          12. Don’t Fall into the Trap of Working Smarter and Harder

                          As a society, we are obsessed with doing everything smarter so we are more efficient and we save time all around.[5]

                          But the most important thing to remember is to accept when we are ready to switch off that computer and not fill up the time with even more work!

                          The Bottom Line

                          The key to greater productivity is to work smarter, not harder. Working smarter saves precious time and energy for the things that really matter — your life goals, your personal growth, your health and your relationships.

                          Stop working for more hours and start working smarter!

                          More About Working Smart

                          Featured photo credit: Unsplash via unsplash.com

                          Reference

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