Do you seem to be having trouble running your business? Does your business fail no matter what you do? Do your customers never come back for second purchases? Don’t give up; here are a few valuable lessons from some of the world’s most successful entrepreneurs in the world, which you may find interesting and can apply in solving your problems.
Their solutions might vary, but they all summarize to one point and that is a success.
- Don’t give up: giving up reduces your chances of success
- Avail every opportunity: Every opportunity is a new door that leads you to your goal
- Stay Focused: Staying focused on your goals will help you expand your vision which will lead you to new directions.
- Learn from your failure: See every defeat as a new experience. Learn from it and next time, try a different approach.
- Be Patient: Good things come to those who wait. Understand that success does not come overnight. Work hard, give your best and wait for the results.
Here are a few inspiring lessons that we’ve learned from some of the list of successful entrepreneurs of the world:
10. Milton Hershey, Founder of Hershey’s: Successful Entrepreneurs
Successful Entrepreneurs: Milton Hershey started three chocolate companies in three different cities, and each of them failed. Hershey was determined to follow his dream, and despite all the failure he again started a candy company called Lancaster Caramel Company. Caramel was the most popular sweet of that time. Once the company started producing good revenues, Milton sold the company and created Hershey’s as he believed chocolate was loved by everyone and might do good in the future.
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9. Todd Graves, Founder of Raising Canes
Successful Entrepreneurs: When Graves first introduced his business plan in his class, it was rejected by his professor and no one was willing to invest in it. Despite being rejected so many times, Todd did not give up and worked really long 90 hours a week to raise money for his start-up. After a lot of struggle, Todd was finally able to set up his own restaurant called, Raising Canes. Raising Canes offers its customers deliciously made chicken fingers and unique sauces. Every now and then Todd also makes sure to help the community through donations and other charity programs. Today he is one of the most successful entrepreneurs of all time.
8. Earl Silas Tupper, Founder of Tupperware: Successful Entrepreneurs
Successful Entrepreneurs: Silas Tupper was jobless during the Great Depression and nearly went bankrupt when he tried to start his own business. Later, he was hired by DuPont Chemical Company where he first created containers and sold to his friends, family and anywhere he could. The sales of his products were low despite the clever marketing and low prices. Silas then launched a new segment called, Tupperware Parties, which was suggested by one of his salesmen.
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7. Osman Minkara (CIG Capital Advisors)
Successful Entrepreneurs: Minkara began his career in business in the US from the American Express Financial Advisors where he adapted how to create more sales leads through cold calls and developed leadership skills. He began his organization from the reserve funds he made, yet as it started developing; all his financial advisors and their customers were tempted away by a competitor. Rather than surrendering, Minkara rebuilds his business from the start with no outside help, changing his vision of gathering customers and building up a unique line of services. Currently, his organization has an estimated worth of $200 million dollars.
6. Nick Woodman From GoPro (Successful Entrepreneurs)
Successful Entrepreneurs: Nick Woodman failed as an entrepreneur not once, but twice. He was so broke that he had to move in back with his parents and work in a local cafeteria. Failure did not let Woodman give up, he tried and tried again until he came up with the idea of GoPro. GoPro is an American tech company that creates mobile applications and offers its services in different software. Another successful entrepreneur making marks!
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5. Simon Cowell (American Idol & X-Factor): Successful Entrepreneurs
Successful Entrepreneurs: Bouncing between occupations since he was 15, Cowell after a long hard struggle found his passion for music creation when he got contracted by the EMI Music Publishing, where he worked in a mail room. His first personal publishing company flopped within a year, and he then moved to a smaller music company where he remained for 8 years and tried to pay off his debts. He continued working with talents behind the scenes before he was able to launch his own franchise, American Idol, and X-Factor. Both these shows have gained huge popularity all over the world and have also produced some well-known artists that we listen to. He is one of the successful entrepreneurs that are very publicly known for their actions rather than their businesses.
4. Greg Glassman Founder of Crossfit
Successful Entrepreneurs: Greg recently told in an interview, how he never aimed to make Crossfit more beneficial; rather, he tried to make the program an experience for his athletes, helping them accomplish their goals. As long as he focused on creating a better experience, getting customers was never an issue. He stated,
“Cash is to business what fuel is to an aircraft – yes, you require it to survive, yet it’s not the objective.”
At Crossfit, they generally center around constantly enhancing and developing their services, and strongly believe that as long as they follow this path they will continue to grow and succeed.
3. Steve Jobs, Late Founder of Apple: Successful Entrepreneurs
Successful Entrepreneurs: We all know the struggle of Apples’ late founder Steve Jobs and how he became successful. However, before leaving the world, Jobs left us with a great advice that he shared at the 2005 Stanford’s commencement ceremony. He suggested young entrepreneurs; Time is short. Do not waste it on fulfilling someone else’s dream. Focus on your dreams and make them a reality.
He also stated
“Do not let the noise of other’s opinions drown out your own inner voice” – Successful Entrepreneurs
2. Sheryl Sandberg COO of Facebook
Famous Female Successful Entrepreneurs: A couple of months back, Sandberg advised ladies to “Lean In” in her famous book, Facebook’s chief operating officer included strong messages about gender equality in leadership positions. In her 2012 commencement address, to Harvard Business School graduates, she empowered both men and ladies to be authentic at work. She ended the address, by stating:
“Bring your whole self to work. I don’t believe we have a professional self Monday through Friday and a real self the rest of the time. It is all professional, and it is all personal.”
1. Conan O’Brien Host of Tonight Show: Successful Entrepreneurs
Successful Entrepreneurs: After bidding his final goodbye from NBC’s Tonight Show in 2010, Conan O’Brien spent his next year in building his career, his personal self and the people he loved. He also spent time as a motivational speaker and addressed his fans on failure, and the resourceful lessons we learn from it. Another one of the successful entrepreneurs in the world.
O’Brien said: “Whether you fear it or not, disappointment will come. The beauty is that through disappointment you can gain clarity, and with clarity comes conviction and true originality.”
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