Advertising
Advertising

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

howard_schultz_jrs_110905_wg

    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.

    Advertising

    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
    index

      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

      index

        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.

        Advertising

        4. Shahid Khan: Move Out Of Your Comfort Zone

        index

          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

          NINP

            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.

            Advertising

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

            KennyTrouttAE298

              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

              BethComstock

                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.

                Advertising

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

                index

                  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

                  images

                    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

                    index

                      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.

                      More by this author

                      20 Awesome DIY Office Organization Ideas That Boost Efficiency 25 Simple And Creative Ways To Cheer Someone Up 25 Bathroom Hacks You’ll Want to Share With Everyone The Best Answers to the 7 Worst Interview Questions 10 Benefits of Bitter Melon That Makes It Even More Worth Eating

                      Trending in Work

                      1 7 Powerful Habits To Win In Office Politics 2 10 Signs of a Bad Boss and How to Deal with Them 3 10 Great Skills to Include in Your Resume When You Change Careers 4 How to Become Smarter: 21 Things You Can Do Every Day 5 7 Powerful Steps to Achieve Career Success

                      Read Next

                      Advertising
                      Advertising
                      Advertising

                      Last Updated on July 16, 2019

                      7 Powerful Habits To Win In Office Politics

                      7 Powerful Habits To Win In Office Politics

                      Office politics – a taboo word for some people. It’s a pervasive thing at the workplace.

                      In its simplest form, workplace politics is simply about the differences between people at work; differences in opinions, conflicts of interests are often manifested as office politics. It all goes down to human communications and relationships.

                      There is no need to be afraid of office politics. Top performers are those who have mastered the art of winning in office politics. Below are 7 good habits to help you win at the workplace:

                      1. Be Aware You Have a Choice

                      The most common reactions to politics at work are either fight or flight. It’s normal human reaction for survival in the wild, back in the prehistoric days when we were still hunter-gatherers.

                      Sure, the office is a modern jungle, but it takes more than just instinctive reactions to win in office politics. Instinctive fight reactions will only cause more resistance to whatever you are trying to achieve; while instinctive flight reactions only label you as a pushover that people can easily take for granted. Neither options are appealing for healthy career growth.

                      Winning requires you to consciously choose your reactions to the situation. Recognize that no matter how bad the circumstances, you have a choice in choosing how you feel and react. So how do you choose? This bring us to the next point…

                      Advertising

                      2. Know What You Are Trying to Achieve

                      When conflicts happen, it’s very easy to be sucked into tunnel-vision and focus on immediate differences. That’s a self-defeating approach. Chances are, you’ll only invite more resistance by focusing on differences in people’s positions or opinions.

                      The way to mitigate this without looking like you’re fighting to emerge as a winner in this conflict is to focus on the business objectives. In the light of what’s best for the business, discuss the pros and cons of each option. Eventually, everyone wants the business to be successful; if the business don’t win, then nobody in the organization wins.

                      It’s much easier for one to eat the humble pie and back off when they realize the chosen approach is best for the business.

                      By learning to steer the discussion in this direction, you will learn to disengage from petty differences and position yourself as someone who is interested in getting things done. Your boss will also come to appreciate you as someone who is mature, strategic and can be entrusted with bigger responsibilities.

                      3. Focus on Your Circle of Influence

                      At work, there are often issues which we have very little control over. It’s not uncommon to find corporate policies, client demands or boss mandates which affects your personal interests.

                      Gossiping and complaining are common responses to these events that we cannot control. But think about it, other than that short term emotional outlet, what tangible results do gossiping really accomplish? In most instances, none.

                      Advertising

                      Instead of feeling victimized and angry about the situation, focus on the things that you can do to influence the situation — your circle of influence. This is a very empowering technique to overcome the feeling of helplessness. It removes the victimized feeling and also allows others to see you as someone who knows how to operate within given constraints.

                      You may not be able to change or decide on the eventual outcome but, you can walk away knowing that you have done the best within the given circumstances.

                      Constraints are all around in the workplace; with this approach, your boss will also come to appreciate you as someone who is understanding and positive.

                      4. Don’t Take Sides

                      In office politics, it is possible to find yourself stuck in between two power figures who are at odds with each other. You find yourself being thrown around while they try to outwit each other and defend their own position; all at the expense of you getting the job done. You can’t get them to agree on a common decision for a project, and neither of them want to take ownership of issues; they’re too afraid they’ll get stabbed in the back for any mishaps.

                      In cases like this, focus on the business objectives and don’t take side with either of them – even if you like one better than the other. Place them on a common communication platform and ensure open communications among all parties, so that no one can claim “I didn’t say that”.

                      By not taking sides, you’ll help to direct conflict resolution in an objective manner. You’ll also build trust with both parties. That’ll help to keep the engagements constructive and focus on business objectives.

                      Advertising

                      5. Don’t Get Personal

                      In office politics, you’ll get angry with people. It happens. There will be times when you feel the urge to give that person a piece of your mind and teach him a lesson. Don’t.

                      People tend to remember moments when they were humiliated or insulted. Even if you win this argument and get to feel really good about it for now, you’ll pay the price later when you need help from this person. What goes around comes around, especially at the workplace.

                      To win in the office, you’ll want to build a network of allies which you can tap into. The last thing you want during a crisis or an opportunity is to have someone screw you up because they harbor ill-intentions towards you – all because you’d enjoyed a brief moment of emotional outburst at their expense.

                      Another reason to hold back your temper is your career advancement. Increasingly, organizations are using 360 degree reviews to promote someone. Even if you are a star performer, your boss will have to fight a political uphill battle if other managers or peers see you as someone who is difficult to work with. The last thing you’ll want is to make it difficult for your boss to champion you for a promotion.

                      6. Seek to Understand, Before Being Understood

                      The reason people feel unjustified is because they felt misunderstood. Instinctively, we are more interested in getting the others to understand us than to understand them first. Top people managers and business leaders have learned to suppress this urge.

                      Surprisingly, seeking to understand is a very disarming technique. Once the other party feels that you understand where he/she is coming from, they will feel less defensive and be open to understand you in return. This sets the stage for open communications to arrive at a solution that both parties can accept.

                      Advertising

                      Trying to arrive at a solution without first having this understanding is very difficult – there’s little trust and too much second-guessing.

                      7. Think Win-Win

                      As mentioned upfront, political conflicts happen because of conflicting interests. Perhaps due to our schooling, we are taught that to win, someone else needs to lose. Conversely, we are afraid to let someone else win, because it implies losing for us.

                      In business and work, that doesn’t have to be the case.

                      Learn to think in terms of “how can we both win out of this situation?” This requires that you first understand the other party’s perspective and what’s in it for him.

                      Next, understand what’s in it for you. Strive to seek out a resolution that is acceptable and beneficial to both parties. Doing this will ensure that everyone truly commit to the agreed resolution and will not pay only lip-service to it.

                      People simply don’t like to lose. You may get away with win-lose tactics once or twice but very soon, you’ll find yourself without allies in the workplace.

                      Thinking win-win is an enduring strategy that builds allies and help you win in the long term.

                      Featured photo credit: Unsplash via unsplash.com

                      Read Next