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10 Work Strategies You Can Learn from These Billionaires with a Humble Past

10 Work Strategies You Can Learn from These Billionaires with a Humble Past

Work strategies are the means and ways of every person who strives toward greater success. But what of those who ‘made it’? The ones who went from rags-to-riches? Are there such people? Or are the rich simply born with luck or a silver spoon?

Certainly, productivity techniques learned from some of the greatest authors of all time are one key to success. But there are other strategies that, while surprising, can be learned from those who made it big after starting with nearly nothing.

1. Howard Schultz: Stay Curious

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    Howard Schultz, the chairman and CEO of Starbucks and who now has a net worth of over $1.5 billion, started as a lowly salesman for the Xerox Corporation. Out of curiosity, he joined Starbucks as their Director of Marketing, as he was duly impressed with the then small coffee shop. On a trip to Italy, Schultz learned of the social aspects of coffee. He brought back the idea of coffee being social, as well as introducing espresso to the small company. The company grew from only 60 shops to over 16,000 outlets worldwide.

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    Schultz grew up in one of the housing projects in New York City. Of his humble beginnings Schultz says, “Growing up I always felt like I was living on the other side of the tracks. I knew the people on the other side had more resources, more money, happier families. And for some reason, I don’t know why or how, I wanted to climb over that fence and achieve something beyond what people were saying was possible. I may have a suit and tie on now but I know where I’m from and I know what it’s like.”

    2. Oprah Winfrey: Believe In Yourself
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      Today, Oprah Winfrey’s net worth is $3 billion. But she grew up in abject poverty in Mississippi, and later Michigan and then Tennessee. At the age of 16 she started in the radio business, and at only 19 become a co-anchor on the local nightly news. She now owns her own network as well as a magazine, and is a generous philanthropist. Oprah was awarded the President’s Medal of Freedom and received an honorary doctorate from Harvard University. Oprah Winfrey notes of her success, “You become what you believe. You are where you are today in your life based on everything you have believed.” She went on to add, “I don’t believe in coincidences.” Rather Oprah remained singularly focused on her goal to succeed, driving herself onward to greater and greater success.

      3. Kenneth Langone: Live Your Success

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        Kenneth Langone, has a net worth of over $2.1 billion. Langone is best known for co-founding The Home Depot. Yet, he too began his journey born into poverty. He worked as a ditch digger, a butcher’s assistant and as a golf caddy. He attended the New York Stern School of Business part time in the evening, while holding down a full-time job. The Stern School is now referred to as the “Langone Program” at NYU. After a successful business venture with Ross Perot, Langone went on to study business involving home improvement. He is also well known for his philanthropic works that involve helping children, universities and more.

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        4. Shahid Khan: Move Out Of Your Comfort Zone

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          Shahid Khan moved from his Pakistani home to the United States at the age of 16. He became a dish washer at only $1.20 an hour and lived at a local YMCA. Khan’s net worth now is over $3.8 billion. He’s the owner of Flex ‘N Gate, a manufacturing company with company headquarters in Urbana, Illinois. Khan became an American citizen in 1991. He is also the owner of the Jacksonville Jaguars and the English soccer club Fulham. Khan has been recognized for his generosity to various charities.

          5. Kirk Kerkorian: Keep Fighting For Your Dream

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            Kirk Kekorian quit school in the eighth grade to help his Armenian-immigrant family financially. He dreamed of becoming a boxer and was known as “Rifle Right Kerkoria.” He won the Pacific amateur welterweight championship, but then went on to fly planes to Britain during World War II. Near the end of the war, he flew over Las Vegas and began to dream a different dream. Along with Martin Stern Jr. (touted as the ‘father’ of the mega-resort), he went on to build Las Vegas as it is today. Kekorian has a net worth of over $3.9 billion.

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            6. Kenny Troutt: Where There’s A Will There’s A Way

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              Kenny Troutt was born into poverty and his father was a bartender. Troutt went on to pay for his college tuition through selling life insurance. He founded Excel Communications, using the then innovative Multi-Level Marketing (MLM) technique. Troutt became a billionaire when he sold the company in 1998 for $3.5 billion.

              7. Beth Comstock: Know The Value Of Teamwork

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                Beth Comstock learned the value of teamwork while working at a Rubbermaid Factory. Upon graduation from the College of William and Mary, she took a job in local television production in Virginia. Currently, she is the senior vice president and chief marketing officer with General Electric. Comstock also helped found the popular Hulu network. Comstock credits her earlier hard work for driving her ever onward in her highly successful career.

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                8. Warren Buffett: Earn, Save, And Give Back

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                  Warren Buffett sold newspapers at the tender age of 11. Since then he has accomplished a great deal, primarily due to his skill in making investments. With a net worth of over $58 billion, Buffett is widely known for his philanthropic efforts. Of his wealth Buffett has said, “I don’t have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It’s like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GDP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don’t do that though. I don’t use very many of those claim checks. There’s nothing material I want very much. And I’m going to give virtually all of those claim checks to charity when my wife and I die.” He and his wife still reside in their humble home in Nebraska, which he bought for $31,500 in 1957.

                  9. John Paul DeJoria: Don’t Stop Trying For Your Success

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                    John Paul DeJoria lived in a foster home and even lived in his car. He created the John Paul Mitchell Hair Care System with a loan of a mere $700. He also founded Patron Tequila and today has a net worth of over $4 billion. DeJoria joined with Nelson Mandela in the Food4Africa effort and helped provide over 200,000 meals for children.

                    10. Ralph Lauren: Stay Focused On Your Dream

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                      Ralph Lauren began his career in clothing as a clerk at Brooks Brothers. It was there that Lauren started dreaming of more variety and colors in men’s ties. In 1967, he sold $700,000 of those types of ties. The next year he started the Polo line of clothing. His net worth today is over $7 billion.

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                      Last Updated on November 5, 2019

                      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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