TOP 5 SUCCESSFUL ENTREPRENEURS IN THE WORLD

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Top 5 Successful Entrepreneurs In The World

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5 Entrepreneurs who failed before succeeding

  [caption id="attachment_538" align="alignnone" width="150"] Top 5 successful Entrepreneurs[/caption]

Top 5 successful entrepreneurs in the world.... but was it a smooth ride to the top? If at first you don't succeed, try and try again. Lets see which ones had to hit rock bottom first before they rose to the top again.....

A famous entrepreneur once said “the fastest way to build a successful business from scratch is to fail fast.” So, if at first you don't succeed, try, try and try again.

Here are 5 successful Entrepreneurs who are mostly household names:-

1. Bill Gates

Microsoft founder Gates is the richest person in the world, with a net worth of over $77 billion – virtually all of which he intends to give away. William Henry “Bill” Gates III is an American business magnate, philanthropist, investor, computer programmer, and inventor. Gates originally established his reputation as the co-founder of Microsoft, the world’s largest PC software company, with Paul Allen. During his career at Microsoft, Gates held … more on Wikipedia

2.Carlos Slim

Mexican telecommunications giant previously believed to be the richest man in the world. Carlos Slim Helú is a Mexican business magnate, investor, and philanthropist. From 2010 to 2013, Slim was ranked as the richest person in the world. Known as the “Warren Buffett of Mexico”, Slim derived his fortune from his extensive holdings in a considerable number of Mexican companies through his … more on Wikipedia

3. Richard Branson (on both lists)

Billionaire and founder of Virgin Group, comprising over 400 companies. Sir Richard Charles Nicholas Branson is an English businessman and investor. He is best known as the founder of Virgin Group, which comprises more than 400 companies. At the age of sixteen his first business venture was a magazine called Student. In 1970, he set up a mail-order record business. In 1972, … more on Wikipedia

4. Michael S. Dell

Founder and CEO of Dell Computers, worth $24 billion. Michael Saul Dell is an American businessman and entrepreneur. Michael, founder and CEO of Dell, Inc. is listed as one of 2009 Forbes Billionaires. more on Wikipedia

5. Larry Ellison (on both lists)

Oracle founder and CEO, now a full-time philanthropist. Lawrence Joseph “Larry” Ellison is an American programmer, internet entrepreneur, adventurer, businessman and philanthropist. He was the Chief Executive Officer of the software company Oracle Corporation between its foundation in 1977 and 2014. In 2014, he was listed by Forbes as the third-wealthiest … more on Wikipedia [caption id="attachment_535" align="alignnone" width="150"] Failure or Success?[/caption]

 5 Entrepreneurs who failed before succeeding

1. Lawrence Ellison - Oracle

Ellison dropped out of the University of Illinois and worked as a programmer in California for eight years. He later pursued a business with his former boss and set up Oracle Systems Corp. It was off to a rough start, and the partners struggled. Ellison had to mortgage his house to obtain a credit line, and in 1980, Oracle still only had eight employees. It was around this time that Ellison stumbled across IBM's research paper on the programming language SQL. He chose to rewrite it to be run on any computer. When IBM released its SQL supported products in 1981, Ellis was ready and Oracle boomed. Oracle started making promises it couldn't keep though, and by 1990, the business was, once again, at stake. After the launch of its 6.0 version, it lost over $28.7m as clients couldn't run it – it was infested with bugs. Deciding to start over again, Ellison fired everyone on site and put together a new management team. They liquidated accounts, tightened financial control and created a system which awarded sales reps when a product was shipped.

2. Donald Trump - the Trump Organisation

In the media for different reasons at the moment, entrepreneur Donald Trump established the Trump Organisation in 1980 to oversee his real estates. In 1990, partly due to the recession hitting his many projects, Trump found himself in a corporate debt of $9bn. The bailout pact of some 70 banks, saved the company. Trump's business didn't almost fail once, but twice. Following closely behind the first, Trump managed to obtain a personal debt of $1bn. Trump managed to make the most of what he had at his disposal and rose back to the top.

3. Henry Ford - Ford Motor Co.

Henry Ford's first company was  Detroit Automobile Company this went bankrupt in 1901 due to its high prices and low quality products. Ford didn't give up. He re-organised his first company to construct a new one, Henry Ford Company. It collapsed due to a dispute with a partner. On his third attempt, he almost faced failure yet again because of low sales , it  made it impossible to pay back investors. Moments before near collapse, the company was saved by investors and  Ford Motor Co. was born.

4. Richard Branson - Virgin 

Branson's first venture was a student magazine, which he was arrested for as he broke laws prohibiting the publication of advice on remedies for venereal disease. By the age of 20, Branson had already established the Virgin Records shop, which experienced continuous cash-flow problems, even when sales were high. To pay off an overdraft, Branson pretended to buy records for export to escape the excise tax on sales. Virgin Atlantic was founded in 1984, starting off with one jumbo jet for a year. During the Government certification flight, birds flew into an uninsured engine, resulting in an explosion. Branson had to pull out cash from his overseas financial subsidiaries and reconstructed the company. After a court battle with British Airways - Branson claimed they played dirty tricks to steal passengers – rising fuel prices and the economic environment of the1990s, Branson had to sell Virgin Music in 1992 to Thorn EMI. It's been a rough path; but today, as we know, it was worth it for Branson.

5. Walt Disney - Disney

From being young, Walt Disney wanted to be a newspaper cartoonist. He was constantly rejected. A reporter once told him he “lacked imagination and had no good ideas.” After Disney founded his first cartoon studio at the age of 22, a bad business deal made the company bankrupt. He ended up in Los Angeles after this with just the contents of his suitcase a shirt, two undershorts, two pairs of socks and some drawing material. His attempt to become an actor never came true, but he instead founded Disney studios with his brother Roy. During World War II, the United States army took over Disney studios as a repair shop for tanks and artillery. His animators were all sent to war, including Disney. The company ended up with a debt of more than $4m as business after the war was slow. Although they had started distributing in Europe, they were having problems getting finance to the USA. So, they started producing feature films overseas. Extra bonus 

Colonel Harland Sanders - KFC

Colonel Sanders was fired from a dozen jobs before he started KFC. It was in 1967, at the age of 65, that the Colonel found himself broke, partly due to the construction of a road that put him out of business. He wound up living in his car and driving to over 1,000 restaurants trying to sell his chicken recipe, asking a nickel commission on each chicken. It was only at the age of 75 that Colonel Sanders finally sold his chicken restaurant business for a full $15m. Although the Colonel did not find fame before he died at the age of 90, his legacy continued through the KFC logo.

Lessons to learn from the Entrepreneurs?

  • When you hit rock bottom the only way is up!

Interestingly the top 5 successful people in the world have made their millions through technology and continued to move with the times. They created new ground breaking technology to improve lives.

    They had visions and never lost sight of them.

How to make your first 10K online!