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7 Lessons Every Young Entrepreneur Can Learn From Walt Disney

7 Lessons Every Young Entrepreneur Can Learn From Walt Disney

The Walt Disney Company is a multinational mass media corporation valued at $45.429 Billion. It is the second largest broadcasting and cable company in the world and it has shaped the childhoods and pop culture of millions, probably billions of people. Quite simply it is the most well known company in the history of the world.

And it all started with one man.  

Few people have changed this world to the magnitude that Walt Disney has. He proves that circumstance and education do not dictate what you can become. His life lessons serve as excellent reminders for young entrepreneurs.

1. You must be a salesman.

“I’d say it’s been my biggest problem all my life… it’s money. It takes a lot of money to make these dreams come true.” – Walt Disney

Sales gets a bad reputation, but make no mistake, selling is the most important skill you can master. And as Walt said, dreams take money and money comes from selling. Walt believed in himself and his dreams and could therefore convince others to believe in him too. Halfway through making Snow White, Disney ran out of money to finish the film that was termed “Disney’s Folly.” Even his own family begged him to give it up, but Disney was undeterred. He personally traveled to different producers and showed them the raw footage and convinced them to finish financing the film. Snow White became an instant success and ushered in the Golden Age of Animation. To finance attractions at Disneyland, he persuaded the television studios to finance building the park in exchange for original Disney programming. Guess what the programming was? It was basically an advertisement for Disneyland! This genius plan not only financed the park, but by the time it opened there were millions who couldn’t wait to go! It proved to be one of the most successful media campaigns ever done and it helped grow Disneyland into the international destination it remains today.

2. Leadership is inspiration, innovation and focus.

“You can design and create, and build the most wonderful place in the world. But it takes people to make the dream a reality”. -Walt Disney

The key to Walt Disney’s leadership is that he was an incredible storyteller. It’s one thing to tell your employees to do something, it’s another to inspire them to action. Walt would tell them a story. He would go into extreme detail and make it come alive for them. He would inspire his workers and make them a part of that story and as a result he would get more from them. When he was first pitching his animators on the story of Snow White, he went through the entire story, acting out the characters, even doing their different voices and movements. Walt had a unique ability to hire people more talented than he was and to focus and coordinate their attention towards a common goal. He admitted that he was a terrible animator. So he hired the best he could afford and focused on innovating the company. He also knew his workers. He knew what they were capable of and didn’t accept anything less than their best. He may not have been quick to compliment, but he was always clear about what he visualized and expected.

3. Always be constantly improving.

“Whenever I go on a ride, I’m always thinking of what’s wrong with the thing and how it can be improved”. -Walt Disney

Walt believed in the future. He insisted that Steamboat Willie have the sound synced and recorded, unheard of for a cartoon at that time. Before Snow White, there was no such thing as a feature length animated film. After it became a huge success and literally changed the film industry, it led to the success of several more beloved Disney classics like Cinderella, Alice in Wonderland and Fantasia. Walt Disney could have rested on his laurels, but that wasn’t his style. Instead, he completely switched gears and set out to build an amusement park where parents and children could have fun together. Once Disneyland opened, Walt would walk around the park, personally testing all the rides, noticing if anything was out of place and asking the guests their opinions. If he noticed something was wrong, he would personally see that it was fixed. As his animators could attest, good enough was never good enough for Walt Disney.

disneyland-park-452001_1280

    4. Develop a high tolerance for risk.

    “We keep moving forward, opening new doors, and doing new things, because we’re curious and curiosity keeps leading us down new paths.” – Walt Disney

    Walt took a lot of risks in his career. Several times the future of the entire Disney company hung on whether a venture was a success or failure. A few times Walt even had to mortgage or sell his personal possessions. He never did this lightly. He would carefully weigh out both sides and make a decision for bold action and, once decided, never wavered. In 1955, Disneyland was the biggest gamble in the history of American business. Walt struggled to find financing and his own family, including business partner Roy Disney, begged him to give it up. At the time, nothing like Disneyland had ever been attempted, so there was a general consensus that it was impossible. Walt pushed forward anyway. If Disneyland had failed, it would have bankrupted the company. Today, the Disney theme parks bring in BILLIONS of revenue and millions of visitors each year.

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    5. Change your attitude towards failure.

    “All the adversity I’ve had in my life, all my troubles and obstacles, have strengthened me… You may not realize it when it happens, but a kick in the teeth may be the best thing in the world for you.” – Walt Disney

    Walt Disney failed, a lot. His first studio, Laugh O’ Grams never made a profit. But the most notable is the fiasco of Oswald the Lucky Rabbit. He lost everything, his studio, his equipment, his animators and his creations. But from the ashes of that immense failure rose one of the most beloved characters ever created. On the train home from learning he had lost Oswald, Walt created Mickey Mouse.

    6. Believe in yourself, even when everyone say’s you’re crazy.

    “When you believe in a thing, believe in it all the way. Implicitly and unquestionable” – Walt Disney

    Walt Disney had a unique relationship with his brother, Roy Disney. Walt would pitch an idea to Roy. Roy would say no and try to talk him out of it. Walt would continue anyway, and Roy would eventually give in and get the project financed. Throughout his entire career Walt was told what couldn’t be done. He was told no one would sit through an animated feature film. He was told you couldn’t mix animation with real life actors. He was told his idea for a theme park would fail miserably. Someone even told him that Mickey Mouse was a bad idea because a mouse would frighten women. He proved that just because it hasn’t been done before doesn’t make it impossible. Impossible is a word of a small minded person and Walt Disney dreamed big. He had an unshakable belief in himself and what he was doing; that was all that mattered.

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    On the opening day of Disneyworld, five years after Walt’s death, someone remarked to creative director Mike Vance that it was too bad Walt Disney didn’t live to see this day. Vance replied, “He did see it. And that’s why it’s here”.

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      7. Resiliency is an entrepreneur’s best friend.

      “The difference in winning and losing is most often not quitting” – Walt Disney

      It took Walt 16 years to get the rights to make Mary Poppins, now considered one of the best films of that time. The problems he faced with author P.L Travers are so infamous it has been made into its own movie. He was turned down 302 times when trying to find financing for Disneyland before striking a deal with the television studios. And in the most unbelievable story, he was fired from his first job ever at a newspaper for not being creative and innovative enough! He went on to own that same company. Resiliency is the ability to withstand or recover quickly from difficult circumstances. Walt faced many difficulties that would have made the average person give up. Walt was able to keep pushing because he believed in himself and in his dreams, giving him the resiliency to work hard and make them come true. He believed in doing whatever it took to get the job done and, therefore, he got results that far exceeded what anyone else could have imagined.

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      When Walt was asked what the secret to his success was, he thought for a while and then he said this: “I dream, I test my dreams against my beliefs, I dare to take risks, and I execute my vision to make those dreams come true.” Today the rules of success are no different. If Walt Disney, a man with limited education from a poor family, could create an entertainment empire from almost nothing, what’s stopping you from dreaming just as big?

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      Last Updated on May 23, 2021

      10 Best Free Job Apps You Need For Effective Job Hunting

      10 Best Free Job Apps You Need For Effective Job Hunting

      Seeking for the right job but not sure how to do it in a more effective way?

      Try job search apps!

      To make the job hunting process easier, I’m recommending 10 best job apps that can help you look for the right match anywhere at any time. The best of all? They’re all free!

      1. jobandtalent

      jobandtalent

        Great for browsing new jobs as you commute home via subway, bus or carpool, the jobandtalent app is like a Pinterest for job seekers.

        Easily browse, save and revisit job postings from your smartphone and receive notifications about jobs that match your professional qualifications.

        Download it for iOS and Android.

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        2. Jobr

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          This job hunting app is unique in that it lets you anonymously browse job listings based on your professional resume. If a company that you like also shows an interest in you, the app let’s you chat directly with a company rep. Great for getting your foot in the door and making a memorable impression.

          Download it for iOS.

          3. Monster Job Search

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            I’m a big fan of Monster. It’s one of the first job sites employers think of when they want to list a new position online. The Monster Job Search app functions pretty similarly to the normal website, so it’s very easy to use for not-so-tech-savvy job hunters.

            Download it for iOS and Android.

            4. Jobs and Career Search

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            job and career search

              This is a good, simple app for browsing global locations for your next job. With a job index of more than 50,000 jobs listed globally, this app is a good choice if you are moving to a new area and want to line a new job up quickly.

              Download it for iOS.

              5. Hyper Networking Groups

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                This job hunting app isn’t so much a job hunting app as it is a connections hunting app. It’s great for learning who’s who in your desired field and forming connections. It also shows you how you and your industry connections are connected via your social networks, so you can follow up with them on your other social sites.

                Download it for iOS.

                6. CardDrop

                CardDrop

                  CardDrop is an awesome job hunting app that let’s you digitally drop and pick up virtual business cards. This app is great for helping you make new connections at seminars, interviews, meetings and conferences. You can also attach social media profiles to the cards you pick up or send to enable easier connecting on social networks.

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                  Download it for Android and iOS.

                  7. Job Interview Questions

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                    Okay, so this app looks kind of outdated, but it’s super useful for getting you into the swing of answering any kind of interview question that is thrown your way. The big benefit of using this app is that it explains to you what your interviewers motivations might be for asking you a specific kind of question. Learn what your interviewer is looking for in your answers and be more prepared for the real interview when the time comes.

                    Download it for Android.

                    8. 101 Interview Questions and Answers

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                      This app is great because it provides guidance about the kinds of answers you should give for each kind of question. Think of it as an essay rubric but for job interview questions.

                      Download it for Android.

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                      9. Job Interview Question-Answer

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                        Feeling confident with your text-answered interview questions but concerned about doing the face-to-face interview? This app prepares you for interacting with your interviewer by simulating an employer asking you questions.

                        You can record your response and see what you look like to the interviewer to understand what movements, vocal pauses, etc. you need to work on.

                        Download this app for iOS and Android.

                        10. HireVue

                        hirevue

                          HireVue is a great job hunting app for those times when your interviewer wants to get some preliminary questions out of the way.

                          When an interested employer wants to interview you, they send you a request via HireVue and you can answer it in your free time, when you’re ready. Your interview might consist of a some FaceTime, some multiple choice questions or open-ended text answers and can be completed and sent to the interviewer when you’re finish.

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                          Download it for Android and iOS.

                          Featured photo credit: Yura Fresh via unsplash.com

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