Showing posts with label famous entrepreneur. Show all posts
Showing posts with label famous entrepreneur. Show all posts

Indra Nooyi, CEO of PepsiCo


Worked night-shifts and as a part-time receptionist to pay for college and even to buy herself a dress for her first job interview.


Nooyi rose from her humble beginnings to become the CEO of PepsiCo. Now one of the highest paid women in America, she draws an annual salary of about 18 million dollars.

(refer to for more inspiring entrepreneurs http://bit.ly/1YeBGHm)

Learn from Benjamin Franklin, One of the Founding Fathers of United States of America


Journaling is one of the best ways to get your work done. A journal helps you keep track of time as well as how you choose to spend it. Most people write diary to express their thoughts, but writing one to track your day and time will be more productive in the long run.
A journal not only helps in recording your daily life, but it also helps in organising and planning your day. There are two ways of going about a journal; either recording your daily life or your thoughts about it, or by writing about the things you plan to do every day – the time you wake up, your commute, work, etc. There is no need to get in the philosophical and pondering mode for the day. Initially, this task might be boring, but eventually you will get the hang of it.


Benjamin Franklin had his diary divided into two parts. On the left side of the page, he used to write about one good deed he did during the day and in the evening he used to ponder on the same question once again. The center part of the diary is divided into a planner that lists all the waking hours. On the right side people can write what they did throughout the day at each hour. One of the great things is that he used to document even the hours he spent in leisure.

This would also help him reflect on the hours he wasted on contemplating and doing nothing. In order to be more productive, monitoring is important. What can be a better tool than noting down what you do! You can either use online note taking tools or go the old school way by writing things down. Now that you know how to go about it, pick up a notebook and start journaling today to be more productive.

(taken from http://yourstory.com/2016/03/benjamin-franklin-productivity-hacks)

How Bill Gates Started


His father was a lawyer. A very successful one. His mother a teacher. Reading magazines in middle school he first thought about how cool it would be to open a company. You could say that’s how he started – with a childish dream. Many kids have dreams though, so what happened next?

How Bill Gates  Started To Hack
Next, Bill Gates saw a computer at 13. The school he went to bought one machine and a teletype. He paid for the time to use it. When money ran out, he hacked into the computer to use it for free. Then he got banned by the school. Then the school realized he had a rare skill so they asked him to use the computer and help them find bugs. He started to be a hacker.

Started to Hustle
Next, Bill scored 1590 out of 1600 on SAT. He went to Harvard. Only to find himself unsure about where to start – as a pre-law major or as something else? Reading Popular Mechanics one day in college he read an ad about a new computer. He called them to say that he wrote a programming language for it. (He hadn’t.) He asked if they might buy it. He hadn’t even started to write the language. But, he started to be a hustler. And, yes, the computer company was very interested in buying.

Being a Workaholic
Next Bill sat down with his friend Paul from high school, and the two wrote that programming language that he talked about on the phone. Bill wrote 50% of the code, using Harvard’s computers. Bill coded all day long, slept at the computer, woke up and picked up programming exactly where he left off. Bill started to be a workaholic.

Being a Copyright Guru
When they were done, Bill flew to New Mexico to show this new language he had written called BASIC. The computer company bought it for $3,000. But Bill kept the copyright. Did he somehow know it would be worth a lot in the future? So he started to be a copyright guru.

Started to Visualize the Future
Five years later IBM knocked on Bill’s door to see if he had written an operating system they could buy. Bill hadn’t. But he said, “Yes.” Real quick, he found an operating system from another person in Seattle and bought it. With the copyright. Then he sold it to IBM. For a lot more. This was DOS. And without copyright – they never asked for it. “Who would pay for software?” they reasoned. It’s the hardware that people are after. Bill saw the opportunity to make people pay for software. Bill started to see the future. He was now a visionary.

Bill Gates Started to Be a Perfectionist
Then Steve Jobs showed up. He wanted Bill to write new software that was visual. Programs like Excel and Words. Programs that looked human. Bill got down to work. Jobs thought Bill’s team’s product was tasteless, but Bill kept at it. He got better and better until he got really good. Bill started to be a perfectionist.

Being a Visual Thinker
But Bill was not going to spend his life working on Jobs’ brilliant ideas. Ideas, after all, are worthless until executed. Plus, Jobs’ ideas were stolen anyway. And so it was fair game to do the same. Bill remembered where he saw this idea of visual interfaces – it was Xerox. And now he wanted to create a visual operating system of his own. He called it Windows. He started to be a visual thinker.

Being a Tough Cookie
When Jobs heard about Windows, he went ballistic. He lashed out at Bill calling him down to Cupertino. In front of ten Apple employees Jobs accused Gates for robbing Apple. Bill listened calmly and replied that Jobs stole the idea just as he did himself. Bill started to be a tough cookie.
When Windows launched, Bill visualized a world where every home had a computer, and that computer was running Windows. Bill started to become very rich. And as his vision materialized, by 39 he became the richest man in the world.


Never Be Conservative With What You Can Achieve With Your Business


Andrew Carnegie was the founder of the legendary Carnegie Steel Company, who made a vast fortune only to give it all away, becoming the first great entrepreneur turned philanthropist in history, a tradition that was followed by his contemporary, John D. Rockefeller and much later by Bill Gates and Warren Buffett.

Carnegie always believed in running his business top capacity and not bothering about the margin. He was always clear to his managers that he wanted his steel factories to operate at full steam, regardless of highs and lows of the economy or other factors. His goal was to be the biggest and the most dominant steel producer in the country, regardless of any external challenges.

What can you learn from this? Greatness can never be achieved if you are too moderate with your ambitions or too conservative. To achieve greatness, you must stretch you capacity to the maximum. 

Don’t worry about temporary pitfalls; always focus on a larger goal.


The 3 P's of Entrepreneurship



New entrepreneurs need to rely on the three P's... Practice, Patience and Perseverance.

Keep PRACTICING what you know and what you learn -a Mastermind of no more than four other entrepreneurs a little behind and a little ahead of you can help tremendously with this.

PATIENCE is the absolute hardest part of entrepreneurship, and I keep the saying "Rome was not built in a day" on my desktop to remind me to be patient--all good things come to those who work smart, not just hard.

PERSEVERANCE is my most prized skill, and I learned it best while potty training my kids - I WILL NOT GIVE UP! (diapers are a pain)


(The author is Mary Kathryn Johnson, founder and host of the Parent Entrepreneur Power podcast)

The Story of Boris Veldhuijzen Van Zanten, Founder of The Next Web



"As a kid I was dyslexic and had bad eyesight. That meant I often couldn't see the writing on the blackboard and even when I could, I still couldn't read it.

Unfortunately it took a long time before either problem was recognized. Before that I was simply labeled lazy, unwilling or stupid. By the time I was fifteen I was three years behind and very unhappy. Then one day I decided to drop out of school and apply to the circus school. Officially I was too young but I was determined and had talent for juggling so my parents supported my decision.
The teachers at my school weren't so supportive. They took turns trying to persuade me to stay and all said the same thing: "If you drop out now you will never amount to anything."

They tried to persuade me by threatening me but their strategy had the opposite effect: I felt liberated and even more determined to choose my own destiny. I figured if leaving meant starting from zero and being labeled as an outcast, than everything I would accomplish from now would be to my own credit. I felt empowered and excited at the opportunity to design my own life without someone else telling what I could and couldn't do.



For me that was a defining moment. I've always felt like the rules didn't apply to me and I could do what I wanted. After I graduated circus school I applied to an art academy, graduated cum laude, and then started my first Internet business, one I sold three years later.


Although you never start a company alone and I had many partners to thank, I did feel I truly earned my success as a self-made man when we signed those contracts, and I definitely thought back to those teachers who told me I would never amount to anything."  

(taken from http://www.inc.com/jeff-haden)

You Need to Start Somewhere

'In 1995, a computer programmer Pierre Omidyar started auctioning off stuff on his personal website. AuctionWeb, as it was then known, was really just a personal project, but, when the amount of web traffic made it necessary to upgrade to a business Internet account, Omidyar had to start charging people fees. He actually hired his first employee to handle all the payment checks. The site is now known as eBay.' (taken from entrepreneur.com)



Ideas do not materialize out of thin air. We need to start somewhere and once we keep moving, opportunities present themselves which we can then capitalize on!


What will you choose?


Seth Godin: 'The Person Who Fails the Most Wins'


Seth Godin wears many hats: serial entrepreneur, prolific author, beloved blogger and inspirational speaker.

He’s also a master at failure, mostly because he’s done it so many times. “I think it’s fair to say that I have failed more than most people,” Godin said today from his onstage perch at New York City’s Advertising Week. “And I’m super proud of that. Part of the rules of this game is, the person who fails the most wins.”

While liberating, this presentation of failure as a trophy isn’t new. Silicon Valley has long fetishized failure, to the point where “fail fast” has become an informal industry mantra; it’s not uncommon for business leaders and entrepreneurs to publicly present their failures like so many badges.
But as Godin goes on to clarify, failure is a skill. You can do it successfully, or you can fail at failure. “If you fail too big, you don’t get to fail anymore. If you never fail, then you haven’t done anything,” he said. The key is to find and consistently hit the sweet spot between those two poles. “If you’re failing consistently in a way where you get to keep playing, that’s pretty cool.”

On one hand, Godin encouraged the 200-plus audience to pursue their “art,” no matter the lack of corresponding monetary gain or critical praise:
You have to get to the point where you say, this is what I’m going to make. And if [the audience] doesn’t get it, that’s ok…sooner or later they may get it. In Van Gogh’s case, they didn’t get it until he was dead. But that’s part of the deal.

At the same time, Godin gave a big nod to practicality. While the ability to risk failure is the essential in the pursuit of greatness, it doesn’t hurt to stack the deck in your favor and be strategic about your approach. If you feel your true artistic calling is to make toothpick sculptures, maybe take the process out of the woods and onto Kickstarter, where far-out projects often find an audience. Does it mean it will definitely gain traction? Of course not. But at the very least you’ve put yourself in a position where it’s a possibility.

This balance – between failing too softly and failing too hard – is nicely encapsulated by Godin’s description of skate skiing, a sport he only recently discovered “The entire sport is, the person who leans forward the most wins,” he said. During his first lesson, he asked the instructor “what happens if you lean forward too much?”
To which the instructor, not unsurprisingly, replied: “You land on your face.”

For Godin, that tension – leaning forward as far as possible without landing face first on the ice – is skate skiing’s main draw. “It’s what makes people get hooked on skate skiing,” he said. “It’s the feeling I look for in every project I decide to do.”

In other words, don’t hold yourself back. But don’t aim to fall on your face, either. Instead, search for that magical spot where you push against your own limitations in pursuit of real victory.

In skate skiing and in life “you feel this moment where there might not be a net, where it might not work,” said Godin. And then you continue on anyway.

(taken from entrepreneur.com)

"I Invest In The Bus Driver, Not The Bus Or The Destination"

Love this quote by Vijay Shekhar Sharma, founder of Paytm, a leading wallet service and now marketplace in India. Investment, if not channelized well, can result in wastages and irrational expenditure, not resulting in results we expect. Investing in the right places is very crucial in reaching one's goals.



Here Vijay emphasizes on the importance of the team driving the business. I feel a good team with an ordinary idea can reach success. On the other hand, an average team behind an incredible idea may not be able to do so.

You should identify what you feel is crucial to your startup and invest in that wisely.

Winning is Everything -- there are no 'Participation' Trophies in the Real World

This is an article from www.entrepreneur.com which highlights a lesson we can learn from Donald Trump. It is a contrarian view but an interesting one nonetheless.



"The younger generation today is being set up for failure. Its members are being taught at a very early age that participation alone is acceptable, but in fact that is so far from reality.

Trump never sets out to be a participant, in anything. He’s going for the win in the election and I guarantee he never opens a Trump resort with hopes of being one of the "top" hotels in the area.
I remember an incident back when my dad was the president of our local Little League. A parent was livid that the first-place championship trophies my team received were significantly larger than the ones awarded to the other teams. And my dad? He just smiled and said, “Welcome to the real world.”

I can’t help but think how he would have loved this TV commercial from Kia. It addresses a very serious problem head-on. While most companies play the PC card, Kia says it like it is, and for that I applaud them.

Trump is going for the win, and nothing less, which is the kind of attitude that every entrepreneur should adopt."

It's never too late for you to be an Entrepreneur!



Never let age decide whether you should start a business or not. In fact, with age comes experience and with experience comes a greater chance to succeed.

Some of the largest companies were founded by people of age 40+

Sam Walton founded Walmart at 44












Gordon Bowker founded Starbucks at 51












Charles Flint founded IBM at 61












Harland David Sanders founded KFC at 62













These are just a few examples of success stories of founders late in their lives. 

The Importance of Challenges in our Lives



"Ups and downs in life are very important to keep us going, because a straight line even in an ECG means we are not alive"... Ratan Tata

The downs are the periods where we learn and grow as people. We can relish the ups only because we have experience the downs. So take up challenges as they come, learn from them, overcome them and keep moving!

Raghav Verma's Second Innings

Raghav Verma is the cofounder of the Tiger Global funded tea cafe chain, Chaayos. It has 16 outlets across Delhi NCR and Mumbai. Chaayos has been operationally profitable at each of its outlets, within 3 months of opening up and the unit economics have been positive. However, his success with Chaayos is fueled by a failed entrepreneurial venture.



Back in 2012, he cofounded an online education startup called PrepSquare. The startup was however shut down in 2013. “There was a certain sense of naiveté with which we approached things back then. We believed that building a product would be enough, and students would come automatically. We believed the price point of INR 2000 would be a no brainer, given people paid as much as INR 2 lakh for classroom coaching. But we underestimated the time and money it would take to build a brand and get customers onboard. We realized that we were probably too early in this space,” said Raghav.


This, however, did not budge him from co-founding Chaayos with Nitin Saluja. The idea was Nitin’s. “It was a simple idea; in a chai drinking country, there should be a place to step outside your home and get a freshly made cup of chai to your liking. It was not the first time that someone had tried to start a chain with chai at the centre, but I think what we did right was to stay true to the way chai is consumed in the country. The initial response was fantastic and we have just built on it from there,” said Raghav.




His learnings from PrepSquare helped him build Chaayos – distribution of responsibilities within the team, definition of long term vision and being very clear about positive unit economics. One other major learning was to talk to many people, not only within the food space, but across categories and startups. We tried to operate in stealth mode in PrepSquare, but realized later that learning from people’s mistakes made more sense than reinventing the wheel each time. So we reached out to many people in the industry and were mentored by many of the senior people,” he added.

(taken from inc42.com)

Dinesh Agarwal's Indiamart


After acquiring a B.Tech degree in computer science from the Harcourt Butler Technological Institute, Kanpur, Dinesh Agarwal took up a job as systems analyst at HCL Technologies.

Finally, he settled on building a platform for businesses to display products via dedicated Web pages. He named the venture, IndiaMart InterMesh. The idea was to help the small and medium enterprises in the country market their products and services. Convincing customers to first buy computers, which, in turn, would help in the promotion of their business was quite a task.

As business started growing, he had to deal with several issues and the most irksome among these was looking for bigger office space. In 2007, he invested Rs 7 crore to purchase a two acre plot in Noida and build a new office. He has around 1 crore products and almost 15 lakh suppliers. In 2013-14, the company generated a turnover of around Rs 200 crore.




(taken from economictimes.com)