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How to Be Successful? The Stories of These 15 Entrepreneurs Can Give You Some Ideas

How to Be Successful? The Stories of These 15 Entrepreneurs Can Give You Some Ideas

Passion, motivation, the desire to take risks and confidence. These words define an entrepreneur. Perhaps these words makes you envision Steve Jobs and his black turtleneck. Maybe you see the iPhone as one of the most important ideas of all time. Or maybe when you think about an individual who brought a unique idea to the world and worked tirelessly until it changed life as we know it, you picture Thomas Edison.

Both Jobs and Edison are deserving of the Influential Entrepreneurial title, because both men impacted the world with new ways to communicate. But when I ask you to think of some of the most influential entrepreneurs in the last hundred years or so, would you have trouble listing more than two? Read on to learn about 15 of the most influential entrepreneurs.

15 Most Influential Entrepreneurs of All Time

Henry Ford

    Ford was born into a family of farmers, but he was always curious as to how things worked. After receiving a timepiece from his father as a teenager, Ford took the thing apart just to see if he could put it back together. Though Dyslexic, Ford knew he had a passion about knowing how things worked, and he was determined to do something about it.

    In 1891, Ford met with Thomas Edison (who was very intrigued by his auto-mobile ideas) who allowed him to use his warehouses to manufacture two vehicles. When he could, Ford built his own company so he could build the cars how he wanted to. Ford went on to build the Cadillac Automobile company, but he had terrible financial setbacks along the way. He believed in himself and didn’t let financial failures slow him down. Sales for the Ford group are now $190 billion.

    Oprah Winfrey

      Winfrey may be a household name because of her show and her magazines, but she’s accomplished so much more. After facing a tragic childhood and being very vocal about things she had experienced, Winfrey would gain fame in 1983 when she landed her own talk-show. While she was happy with the fame and financial success she was experiencing, she still had entrepreneurial skills. In 1988, she founded Harpo Studios. This business now has over 250 employees and is growing every year. Her personal wealth sits at a comfortable $2.7 billion.

      Larry Page

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        At just 37 years old, Page has a net worth of $15 billion! He’s the co-founder of Google. His parents were both computer science professors at the University of Michigan. He came from a wealthy family, so he was able to attend the best schools in order to complete his degree in Computer Engineering Sciences. He also earned a Masters in Computer Science from Stanford before meeting Sergey Brin in 1995.

        Brin was also a Stanford student, and the two became friends. In 1996, they went into business together and started Google Incorporated. Through networking, they were able to get financial backing from Andy Bectolsheim, one of the co-founders of Sun Microsystems. They would go on to be offered much more from tons of investors.

        Richard Branson

          Branson is a well-known British Industrialist, and you’ve probably seen him on commercials for the Virgin Group’s Virgin Atlantic Airways. Virgin Group spans across 360 different companies including Virgin Records, Virgin Galactic and even some charities. Branson was always of an entrepreneurial mind, as he started his first business venture in 1966 with Student Magazine. The next year, he opened his first charity, The Student Advisory Centre.

          He is heavily involved with all aspects of his company, which helps make him such a success, and part of why he’s on this list. He didn’t stop as soon as he was successful, he continued to work hard because he cares about the work he’s doing.

          Ariana Huffington

            Huffington was born in Athens, Greece in 1950 and is now one of the most professional and successful females within the blogging industry. Along with blogging, Huffington also wrote a biography on Maria Callas in 1981, and Picasso in 1989. She gained more attention in the early 90’s when she supported her ex-husband’s unsuccessful bid for the Senate.

            Always driven, she later founded the Huffington Post. This has spanned and grown and you may also recognize HuffPost Chicago, HuffPost New York, HuffPost Denver, and HuffPost Los Angeles. In 2010, she won the Webby award for the People’s Voice, and she was even named the second place winner in Time Magazine’s Best 25 Blogs of 2009.

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            Charles Kemmons Wilson

              Wilson is one of the most famous entrepreneurs in the hotelier business. Supposedly, he came up with the idea for his business after a road trip helped him see the need for quality hotels. He and his business partner created Holiday Inn of America. It franchised in 1957 and grew dramatically. In fact, by 1958, Wilson and Johnson had managed to create 50 different Holiday Inns all over the country. In just five years, there were 500! And just after a decade, that already impressive number would double to 1000.

              Wilson was a true entrepreneur, as he brought innovative ideas to the market which helped leverage the way things worked as well as adding financial pressure to traditional hotels and bigger competitors.

              Anita Roddick

                Roddick created the Body Shop in 1976 with only 15 products and loads of compassion. She had sourced the products from all around the world and was determined to give shoppers in the UK access to “Greener” products. She was so motivated and passionate about what she was doing, she was able to open store after store. As of 2003, she had built an empire of 1,980 stores serving more than 75 million customers in 50 countries. She sold her company to L’Oreal and made $1.03 billion on it.

                Jeff Bezos

                  Born in 1964, Bezos is the founder, chief executive officer and Chairman of the Board for Amazon.com. Bezos started as an Exxon engineer, but he had always been interested in science. He received an honorary doctorate in science and technology from Carnegie Mellon University in 2008 and graduated from Princeton. In 1994, after a trip from New York to Seattle, Bezos came up with the idea for Amazon. He was able to get backing and now Amazon is one of the most successful e-commerce sites in the world with a revenue of about $25 billion.

                  George Eastman

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                    You’ve probably heard of Kodak, but you probably haven’t heard of Eastman, even though he was the man who made it all happen. He founded the company in 1884, but he was more interested in creating than running the business. He hired Henry Strong as the president and in 1885, Eastman invented the roll film which was used for over 100 years.

                    Penny Streeter

                      Streeter was born in Zimbabwe in 1957, but she moved to the UK in the late eighties. After launching a recruitment business, she was left broke and homeless due to its failure. To add to her troubles, she was faced with a divorce at the same time.

                      Six years later, she decided she had nothing more to lose and started a recruitment business once more. This time, she created Ambition 24Hours and it sought to fill roles in nursing, social work, teaching, lecturing, and care-giving. In 2004, the company expanded into South Africa and in 2006, she made her first noticeable acquisition; the nursing services of South Africa. This was the largest staffing agency for nursing personnel. Streeter went from being broke to having a net worth of $117.80 billion.

                      Linda Bennett

                        Bennett truly worked her way from the bottom. Passionate about the clothing industry, she founded the luxury womenswear brand LK Bennett in the UK in 1990. She opened an accessories shop in Wimbledon with a small savings account and a bank loan. She managed to become an icon, creating shoes for the Duchess of Cornwall which she wore to marry Prince Charles.

                        In 2004, she tried to sell the business, but didn’t, as the asking price wasn’t met. Four years later she sold to a private equity firm called Phoenix Equity partners and Sirius Equity for around $110 million.

                        Madame C.J. Walker

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                          Walker died over 90 years ago, but she made an empire. Born Sarah Breedlove, Walker is known for being America’s first African-American entrepreneur, as well as one of the wealthiest of her time. Many women in the 18-1900s suffered from hair loss (thought to be due to a lack of plumbing and electricity which prevented bathing regularly). Walker recognized it was a problem and decided to make some home-made remedies.

                          They worked so well that she invested and created a business. The products were a huge success and stores across the country were selling her products. In 1908, she opened a college to train hair dressers, and in 1910 she started a factory. She would later become a teacher and lecturer, speaking to female entrepreneurs to help them find their own success.

                          Walt Disney

                            After being hired by the Kansas City film Ad Company, Disney learned how to make animations from cut-outs. He went on to have many successes and failures, but he continued to work on his animation knowledge. In 1932, he won an Academy Award for his efforts in animation. He is of course responsible for Disney Land and Disney World which are currently worth about $35 million.

                            Hans Christian Andersen

                              Anderson grew up poor, but a fortuneteller told him he would grow up to be famous. He tried and failed to become an actor and a singer, but the director of the Royal Danish Theatre took him under his wing and paid for his education. He was bullied at school and began publishing his writings after leaving. His fairy tales became famous and Disney has adapted most of them.

                              Michael Newton

                                Newton started a CCTV system in 1982 that monitored how long a person was at a bar. He introduced a line of multi-channel systems that were able to view a broad range of areas all at once in various locations. Now using this system, over 7 million images are recorded every second. In 1994, he made the move into the commercial airline industry and is now the CEO of the AD Aviation company.

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                                Last Updated on October 21, 2018

                                How to Learn Twice as Fast? Get More Feedback

                                How to Learn Twice as Fast? Get More Feedback

                                Have you ever heard of the idiom ‘practice makes perfect’? I’m pretty sure someone has said that to you at least once in your life! It’s a common saying, often used to encourage someone when they’re learning or doing something that is new to them.

                                They may need many tries before succeeding and getting it right. It’s like beginning to ride a bicycle, learning how to drive, taking up a second language, or cooking for the first time. It’s rare for someone to ace it on their first try.

                                Whenever you want to start learning something new, I’m sure you’re always hoping to get good at it quickly. But the reality is that sometimes it does take days, months or even years before you can confidently master a skill.

                                That’s simply how learning works. You try, you gain experience, you learn from it, and you try again. And each time, you’re improving and making progress. Everytime you repeat this learning process, you’re going through something called a Feedback Loop.

                                What separates a fast learner from a slower learner, is not some innate, natural talent. Instead, it’s because they understand how they learn, and have a systematic way to apply it all the time to learn a variety of things. They know how to effectively use their Feedback Loop to speed up the learning process.

                                So if you’re currently wanting to learn a new skill as quickly as possible, then you’re first going to need to learn how to create an effective Feedback Loop.

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                                The Feedback Loop

                                Feedback means getting information about how well you’re performing each time you make an attempt at practicing or applying a skill. Feedback is what tells you what went wrong, or what went right.

                                A feedback loop is made up of 3 stages:

                                1. Practice / Apply – This is the stage where you put what you want to learn into action.
                                2. Measure – This is the stage where you’re acquiring information about your performance. This is also the stage that is most ignored… or done ineffectively.
                                3. Learn – This is the stage where you analyze how well you performed, and make adjustments to improve and practice/apply again.

                                It is important to recognize these 3 stages and put them into place each time you practice a new skill.

                                Many people only have Stage 1 completed, and a very unclear or fuzzy process for Stage 2, which leads to poor results in Stage 3.

                                A good, smooth cycle will help you continuously make improvements with each loop, creating steady progress and upgrading your understanding of the skill.

                                How to Have an Effective Feedback Loop

                                To make sure your Feedback Loop is effective, you will have to look at 3 key factors: Consistency, Speed, and Accuracy.

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                                Being consistent means having a regular way to get the same quality of feedback. You need to be able to compare every practice or learning experience in order to measure, learn and make adjustments. If your feedback is not consistent, then you’re going to have a hard time knowing what went wrong or what went right.

                                For example, say you’re learning to play the guitar. If you play a different song every time you practice, you’re going to get very inconsistent feedback. Because the difficulty, rhythm, and pace of every song is different, you won’t have a reliable way to compare how well you played the current song versus the last. So, the best way to learn would be to play the same song over and over again until you get to a certain proficiency.

                                Seems obvious in this case, but it’s just an example. A lot of times learning is hard because we don’t focus on keeping with a consistent environment or actions.

                                Let’s move on to the second factor: speed. Having speedy or fast feedback is important because the longer it takes to get feedback, the longer it will take to improve on the skill. That’s why some people spend a tremendous amount of time practicing, but make very slow progress.

                                On the other hand, the best forms of feedback are almost instantaneous. The shorter the time it takes for one Feedback Loop to complete, the better. This is because you’ll have more attempts, which means more improvements within the same timespan.

                                How to get fast feedback

                                So the key to getting fast feedback is to take the skill or knowledge and break it down. Try to breakdown the skill into different components. They could be broken down into steps, subskills or processes, or even by difficulty.

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                                For example, if the skill you want to learn involves a sequence (ie: there is a step by step process), you can break your learning down by each step. Create a Feedback Loop for each step individually instead of the whole process. Isolate the processes into different parts that you can focus and work on individually.

                                Let’s say you’re learning to cook. You can break this skill into steps, such as finding fresh and suitable ingredients, preparing and handling the ingredients, preparing condiments and sauces, serving and plating, etc.

                                Or let’s say you’d like to learn how to play soccer. You can identify the sub-skills that make up the larger learning techniques to playing soccer, and create feedback loops for each of them individually. So you could start by learning how to dribble the ball, followed by passing, and then shooting.

                                The third and final factor to an effective Feedback Loop, is accuracy. This means having feedback that actually reflects your performance accurately. Since you’re relying on feedback to tell you what and where to improve next time, this is very important. This is why measuring feedback is a key skill to have for an effective Feedback Loop.

                                How to Measure Feedback

                                Obtaining accuracy in feedback is a common weak point for many learners, because it’s not always easy to define what “accurate” means.

                                To get accurate feedback, we have to have a way of measuring it. The reason why we sometimes get poor feedback is because we’re trying to measure our progress without quantifying our performance. Or, we’re using the wrong metrics to quantify the feedback. Worse yet, it might just be that you were never measuring or recording your performance at all.

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                                In order to find areas for improvement, you have to be able to compare your current performance with your previous performance.

                                Quantifying something means attaching a number to it. This helps to give objectivity and consistency when comparing two things. Quantifying feedback can give you constructive information that will help you improve during each cycle of the feedback loop.

                                Continuously Improve Your Feedback Loop!

                                Are you ready to put your feedback loop into practice? What’s a new skill that you’d like to start on?

                                Try implementing every stage of the Feedback Loop when learning this new skill and see for yourself whether your learning improves at a quicker rate.

                                It is essential to continuously improve your Feedback Loop in order to keep up your momentum, and avoid running into the law of diminishing returns. Improving your Feedback Loop means knowing what to measure next, and what questions to ask to find out.

                                If you’d like to learn more, subscribe to our newsletter. You’ll discover a lot more gems that will help you speed up your learning; and, these skills will push you towards the goals that you’ve been striving for. All your goals are within reach when you master the Feedback Loop!

                                Featured photo credit: Raj Eiamworakul via unsplash.com

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