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Everything We Can Learn from the Most Famous Entrepreneurs Around the World

Everything We Can Learn from the Most Famous Entrepreneurs Around the World

Does your business seem like it’s about to fail? Do bills pile up and customers don’t come no matter what you do? Instead of giving up, you can learn from the most famous entrepreneurs around the world and follow their examples in finding efficient answers for problems.

Their solutions are different in execution, but they all boil down to these principles:

  • Never stop trying – giving up removes any chance of success.
  • Grab every opportunity – it’ll provide you with resources to accomplish your ultimate goal.
  • Stay focused on your goal but expand your vision – developing in new directions will help you improve and provide additional resources.
  • Turn every failure into a learning experience – use the time you have now to learn something new and try a different approach.
  • Be patient and persevere – understand that success doesn’t come overnight and one has to work hard to achieve it.

Learn from the Most Famous Entrepreneurs: Examples of Perseverance

Let’s learn about some of the most famous entrepreneurs and get inspired by their stories.

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1. Milton Hershey (Hershey’s)

    Hershey started three candy companies in different cities, and each of them failed. He kept trying starting the Lancaster Caramel Company, as caramel was the most popular sweet at the time. Once it got rolling, he sold it to start Hershey’s as he believed that chocolate was the treat of the future.

    2. Todd Graves (Raising Cane’s)

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      Graves’ chicken fingers restaurant business plan was failed by the professors in class and rejected by banks. He did not give up and worked extremely long hours (90-hour weeks) to raise money and start his first restaurant on his own.

      3. Earl Silas Tupper (Tupperware)

        Tupper’s first business went bankrupt, and he barely managed to get a job during the Great Depression. He was hired by the DuPont Chemical company, where he created his first containers and started selling them everywhere he could. The sales were low despite the quality and ingenious design. Eventually, he tried a new approach and established ‘Tupperware parties, suggested by one of the sales executives Brownie Wise.

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        4. Osman Minkara (CIG Capital Advisors)

          Minkara started his business career in the US from the American Express Financial Advisors where he learned all about how to generate more sales leads through cold calls and developed leadership skills. He started his company from the savings he made, but as it began growing, almost all his financial advisors and their clients were seduced away by a competitor. Instead of giving up, Minkara chose to rebuild it from scratch, changing his targeted group of customers and developing a unique line of services. Now his company manages over $200 million wealth.

          5. Nick Woodman (GoPro)

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            Woodman started and failed as an entrepreneur two times. He was reduced to moving in back with parents before trying again and giving his all to GoPro, which turned into a staggering success.

            6. Simon Cowell (American Idol, X-Factor)

              Bouncing between jobs since he was 15, Cowell finally discovered his passion for music production when he got hired by the EMI Music Publishing (worked in a mail room). His first independent publishing company failed within a year, and he went to a small music company where he stayed for eight years and worked to pay off his huge debts. Then he continued working with talents behind the scenes before he finally managed to launch his most successful franchises.

              To Become a Successful Entrepreneur: Never Give Up

              There are hundreds of stories similar to these, but all these entrepreneurs teach one most important lesson. One should never give up.

              If your original idea fails, don’t just beat the same path. Develop a new approach and try again and again.

              More by this author

              Melissa Burns

              Melissa is an entrepreneur and independent journalist. She writes about communication, entrepreneurship and success on Lifehack.

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              Last Updated on October 16, 2019

              Invaluable Lessons You Can Learn From Your Mistakes

              Invaluable Lessons You Can Learn From Your Mistakes

              Do you like making mistakes?

              I certainly don’t.

              Making mistakes is inevitable. Wouldn’t it be wonderful if we could be at ease with them?

              Perhaps there is a way to think of them differently and see their benefits.

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              Why Mistakes Feel Dangerous

              Mistakes often feel dangerous. Throughout human history, our errors have often been treated as dangerous for a variety of reasons:

              • Our vulnerability. We have limited and fragile support systems. When those systems fail, people often lose their lives.
              • Real dangers. Nature can be dangerous, and making mistakes can put us at the mercy of nature and its animal residents seeking a meal.
              • Ignorance. Many cultures scapegoats someone whenever there is a failure of some kind. Scapegoating can be serious and deadly.
              • Order. Many societies punish those who do not conform to the prevailing orthodoxy and treat difference and non-conformity as a mistake. Even our brains flash an error message whenever we go against prevailing social norms.

              We have a history of handling mistakes and failure in an unpleasant way. Since each of us carries our human history with us, it can be a challenge to overcome the fear of making mistakes.

              If we can embrace the reality of mistakes, we can free ourselves to be more creative in our lives and dig up some interesting insights.

              Why We Can’t Avoid Making Mistakes

              Many people operate under the notion that making mistakes is an aberration, a mistake if you will. You can call it perfectionism but it is a more substantial problem. It is really a demand for order and continuity.

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              When we think we can eliminate mistakes, we are often working from a perspective that sees the world as a fixed place. The world, however, is not so obliging. Like it or not, the world, and everything in it, is constantly changing.

              Change is more constant and pervasive than we can see with our own eyes which is why we often miss it. Our bodies are constantly changing. The natural conditions of the earth change constantly as well. Everything, including economic and cultural systems have life cycles. Everything is in a constant state of flux.

              We cannot see all of the changes going on around us since rates of change vary. Unfortunately, when we try to create a feeling of certainty and solidity in our lives or operate from the illusion of stability and order, we are fighting reality and our natural evolution which is built on adapting to change.

              It is better to continually bend into this reality rather than fight every change we experience. Fighting it can cause us to make more mistakes. Finding the benefits in change can be useful and help us minimize unnecessary mistakes.

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              Lessons Learned from Making Mistakes

              Life has so many uncertainties and variables that mistakes are inevitable. Fortunately, there are many things you can learn from making mistakes.

              Here is a list of ways to harness the mistakes you make for your benefit.

              1. Point us to something we did not know.
              2. Reveal a nuance we missed.
              3. Deepen our knowledge.
              4. Tell us something about our skill levels.
              5. Help us see what matters and what does not.
              6. Inform us more about our values.
              7. Teach us more about others.
              8. Let us recognize changing circumstances.
              9. Show us when someone else has changed.
              10. Keep us connected to what works and what doesn’t work.
              11. Remind us of our humanity.
              12. Spur us to want to better work which helps us all.
              13. Promote compassion for ourselves and others.
              14. Teach us to value forgiveness.
              15. Help us to pace ourselves better.
              16. Invite us to better choices.
              17. Can teach us how to experiment.
              18. Can reveal a new insight.
              19. Can suggest new options we had not considered.
              20. Can serve as a warning.
              21. Show us hidden fault lines in our lives which can lead us to more productive arrangements.
              22. Point out structural problems in our lives.
              23. Prompt us to learn more about ourselves.
              24. Remind us how we are like others.
              25. Make us more humble.
              26. Help us rectify injustices in our lives.
              27. Show us where to create more balance in our lives.
              28. Tell us when the time to move on has occurred.
              29. Reveal where our passion is and where it is not.
              30. Expose our true feelings.
              31. Bring out problems in a relationship.
              32. Can be a red flag for our misjudgments.
              33. Point us in a more creative direction.
              34. Show us when we are not listening.
              35. Wake us up to our authentic selves.
              36. Can create distance with someone else.
              37. Slow us down when we need to.
              38. Can hasten change.
              39. Reveal our blind spots.
              40. Are the invisible made visible.

              Reframe Reality to Handle Mistakes More Easily

              The secret to handling mistakes is to:

              • Expect them as part of the process of growth and development.
              • Have an experimental mindset.
              • Think in evolutional rather than fixed terms.

              When we accept change as the natural structure of the world, our vulnerability and humanness lets us work with the ebb and flow of life.

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              When we recognize the inevitability of mistakes as part of the ongoing experiment which life is, then we can relax more. In doing so we may make fewer of them.

              It also helps to keep in mind that trial and error is an organic natural way of living. It is how we have evolved over time. It is better to be with our natural evolution than to fight it and make life harder.

              When we adopt an evolutional mindset and see ourselves as part of the ongoing human experiment, we can appreciate that all that has been built up over time which includes the many mistakes our ancestors have made over thousands of years. Each one of us today is a part of that human tradition of learning and experimenting,

              Mistakes are part of the trial and error, experimental nature of life. The more you adopt the experimental, evolutional frame, the easier it becomes to handle mistakes.

              Handling mistakes well can help you relax and enjoy all aspects of life more.

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              Featured photo credit: Sarah Kilian via unsplash.com

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