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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 September 18, 2019

                      11 Hard Skills That Will Land You More Career Opportunities

                      11 Hard Skills That Will Land You More Career Opportunities

                      Are you looking to move up the career ladder? Or maybe you’re tired of having a “job” and want to start looking for a more permanent career?

                      Whatever your motivation, you are going to have to learn some new and different hard skills to broaden your opportunities. After all, there’s a very famous quote that says:

                      “The definition of insanity is doing the same thing over and over again, but expecting different results.” – Albert Einstein

                      While the insanity part doesn’t really fit here, the overall message is a good one. If you are looking for a different result (career advancement, more money or even a career instead of a job), it’s up to you to make it happen. This is both the good news and bad news!

                      The good news is that because it’s up to you, you have complete control over it happening. The bad news is that change is hard. Humans are creatures of habit, that’s why we develop routines, and anything that disrupts that routine causes us anxiety. And we will do almost anything to get rid of that anxiety. The overweight person will calm their anxiety by eating that doughnut, the smoker will light up a cigarette to avoid anxiety.

                      What we want to do with this article is to give you the hard skills you’ll need to reduce that anxiety so you can move up that corporate ladder, make more money or have career instead of just a “job.”

                      The following hard skills are essential to learn if you want to advance your career. They may not be easy to take up, but definitely worth your effort of learning:

                      1. Cloud Computing

                      “Simply put, cloud computing is the delivery of computing services—servers, storage, databases, networking, software, analytics, intelligence and more—over the Internet “the cloud” to offer faster innovation, flexible resources, and economies of scale. You typically pay only for cloud services you use, helping lower your operating costs, run your infrastructure more efficiently, and scale as your business needs change.” Microsoft[1]

                      There are many different jobs available in the cloud computing world today. They range from architects and developers to data scientists, security pros. Each job is its own specialty and requires a high level of specification for advancement.

                      This is definitely a hard skill that requires education. But if the tech world and computers are your thing you can make cloud computing a lucrative career.

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                      2. Data Mining and Statistical Analysis

                      Again, these are highly specialized fields. Data mining is defined as using large sets of data to look for anomalies and other patterns that can be used to predict future behavior.

                      Amazon is probably the best known company to use data mining. Have you ever noticed that when you buy something at Amazon, you’ll see a little ad at the bottom that says “customers who bought this also bought…”and it lists 2-3 other items? All of that information comes from data mining, by examining the millions of sales amazon makes they can predict that if you buy item #1 there is a high likelihood that you will buy one of the other items too. T

                      his not only increases sales for Amazon, but it also serves as a reminder for you that you may need these additional items for your project. This is very valuable information and has a wide range of uses. Although it has a bad reputation and evil sounding name, it is a very useful tool for maximizing productivity and sales.

                      3. Data Management

                      All companies today deal with a ton of data! Being able to manage that data in an efficient manor is not only highly prized, but a necessity.

                      We all have these things on our desks called computers. Unless there is a need for a paper copy, almost all of our data is computerized. Meaning that, in theory it is all at our fingertips. Being able to organize that data so that it’s easily and quickly retrievable is why computers are replacing filing cabinets!

                      However, just like the old fashion filing cabinet, data management on a computer is only good if it’s well organized. You want to make sure that you are keeping your data well organized so that it’s easy to find when needed. This is a skill that comes easily to some people (are you a person that makes lists? Good!) but with others it will be a skill that needs to be practices. Make sure that this is a discipline you master.

                      4. Scheduling

                      Being able to make and keep to a schedule is a very useful tool in both business and life. Effective scheduling means that you can prioritize projects, understand the tools needed to get the job done on time and that you are organized enough to lead people.

                      An important point here is to write things down! Whether it’s in an old fashion daily or weekly organizer or in a PDA. Have a copy of your schedule available at your fingertips at all times.

                      5. Financial Skills

                      These are especially important when looking for that promotion. The higher up the ladder you go, the more you’ll have to deal with things like accounting, budgeting, financial planning and cash flow management.

                      While you may not need to be an expert at all of these, you should have a good grasp of all of them. This is where taking a few night classes at your local community college is a good idea. You don’t need to become an expert, but brushing up on these skills will help you tremendously.

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                      6. Research Skills

                      These are important in all aspects of life, but especially in your work-life.

                      Are you looking for that first job out of school? Nothing impresses a boss or hiring manager more than someone who has researched the company. Trust me, they deal with people walking in off the street everyday looking for a job, but managers and owners need to see the value in hiring (or promoting) you.

                      So do your research and have some company specific questions ready to ask. Show that you are interested in working for that company or that position and not just “a” job or the “promotion” because you have seniority or need the money.

                      If it’s a promotion that you are after, never bad mouth the previous occupant. Instead pick out an example that he/she was good at and explain how you would like to use or expand that policy and how it would enhance the policy changes you’d like to make.

                      If it’s a new job you’re going for, then make sure to have some company specific questions ready to show that you have done your homework for the new position.

                      7. Marketing Skills

                      While marketing a companies products or services has always been a highly sought after skill. In today’s world, it can take on several different forms.

                      Some of the marketing skills that are highly sought after today include, SEO, Search Engine Optimization, SEM, Search Engine Marketing and marketing campaign management. Familiarity with Google Analytics as well as Word Press are also valuable.

                      While traditional marketing and branding were focused on advertising and selling. Almost all marketing efforts now a days are focused on the internet.

                      8. Network Security Specialist

                      Again, this is a highly skilled position that requires specialized training. But the amount of data that all companies store is significant, and if that data is leaked or stolen, it can costs them millions of dollars in both lost revenue and lawsuits.

                      So, if you have an interest in network security you will find the field both lucrative and stable.

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                      9. Communication Skills

                      At first glance, communication skills may not look like it fits into the category of “Hard Skills” that can help you succeed. But in this ever shrinking world where companies can do business from almost anywhere, communication is more and more important.

                      Are you bilingual? It really doesn’t matter what language you speak, there’s a company out there looking for someone who speaks that language.

                      10. Computer Programming

                      I don’t know about you, but I’m pretty sure that computers are going to be around for a while! As both the hardware and software get more advanced, the need for computer programming is only going to increase.

                      11. Graphic Design

                      As of 2018, there were 4.37 million new websites launched.[2] A good number of them will fail because they just aren’t interesting enough visually. The use of templates and replicated websites is only making the problem worse.

                      Part of the way Google ranks sites is through originality, this almost ensures that replicated sites will never get ranked through Google. So the more original your site is, the more likely people will visit and actually spend time there.

                      That is what a good graphic designer does. Takes your basic idea and turns it into a website that people actually want to visit.

                      Embrace the Anxiety That Comes with Change

                      You know it’s going to be there, you know that you’ll want to give up as you’re learning these new skills but, you’ll also know that the end result is worth the journey.

                      Here’s a little trick when you’re feeling overwhelmed:

                      Have you ever met an ex-smoker who was sorry they quit? An ex-drinker or drug user that said life was much better before they quit? These people have gone through some of the most difficult challenges humans can go through including weeks, if not, months of intense physical withdrawal symptoms. They did it because they knew that the pain and anxiety they would experience would ultimately get them to a much better life.

                      Now what was that complaint you had about attending night-school?

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                      This is the part everyone hates, everyone thinks night-school, adult education and just generally giving up family and/or spare time. While those are certainly possible ways to develop the necessary skills, they aren’t the only way.

                      You’ll want to check with your human resources department because depending on the company, a certain degree maybe required in order to even be considered for a position. In those cases, night-school, on-line or some other form of adult education maybe your best route.

                      But as long as a degree isn’t required, then your options are wide open.

                      Let’s just say that you’re a sales person interested in becoming the sales manager but, the territory you’ve been given will never produce the sales figures that would make you stand out as a good candidate for sales manager. So how about you start your own side business (don’t compete with your company), but let’s say you enjoy golf.

                      In this day and age, there are plenty of places that will teach you how to sell products on-line and even set you up with your own website. So you start a site selling golf equipment and accessories (don’t worry, you won’t even have to carry inventory or worry about shipping).

                      Now, when that sales manager spot opens up, you can explain that even though other salespeople had better numbers than you, it had nothing to do with your sales ability, it was more of a consequence of the territory your were given.

                      And to prove it, you brought in some information about a side business, you started showing that you’re on target for a sales growth rate of 30% this year. And because you had to do all of the marketing for the business, you came up with some marketing strategies that you can bring to the new job (built-in experience).

                      The Bottom Line

                      We’ve put together these 11 hard skills as a way to give yourself a “leg up” on the competition. We’ve tried to make this a mixture of both skills that require a great deal of training, and also ones that you can work on and develop by yourself.

                      We know that not everyone is cut out to be a cloud computing expert, but we also know that working on and having good scheduling skills will make you a much more desirable candidate for the position!

                      We also don’t want you to discount the idea of a “side hustle“. Especially for people new to the workforce, having a business that you have started and run successfully shows potential employers that you have initiative, scheduling skills and ambition which can put you well ahead of your competition!

                      As usual, we hope you found this article both enjoyable and informative. If you did, may we ask that you share it with your family and friends through social media. It really does help us and is greatly appreciated!

                      More Skill to Help Advance Your Career

                      Featured photo credit: Kyle Sterk via unsplash.com

                      Reference

                      [1] Microsoft Azure: Cloud Computing
                      [2] Netcraft: December 2018 Web Server Survey

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