Topic: Life lessons from Bill gates and how it could make you a successful entrepreneur - page 3. (Read 471 times)

AFAIK Bill Gates was a programmer who worked on FAT16. The native file system for windows back when CPUs had 16 bit registers, as opposed to today's 64 bit architecture. Eventually he wound up in an executive CEO position in microsoft where he read and answered emails all day. Aside from that I don't think he has any special skills or ability. He is one of those persistent types who have good focus. They don't get swept up in distractions and keep trying until they attain wealth.

Bill Gates was lucky enough to be an early adopter of silicon valley and the massive tech bubble that would eventually form around the dot com sector. That was the main reason for his fast track to wealth and success. Being in the right place at the right time. Bill Gates himself had no idea that microsoft or windows would someday grow to become the major successes they became. He's basically a guy who received 1,000 bitcoin when it was worth nothing. And was later shocked and surprised when his 1,000 btc massively appreciated in value.

That could be a sad reality that if you started with nothing, no big contacts, having no big influencers around, and even no family support, you will really find it hard to succeed in the end. However, this will not determine what will your future may be. Yes, it’s hard and tough at the beginning, but if you always have great motivation within yourself and you have your own set goal to achieve, I know in the long run the hard and rough road will become smooth and easy for you to achieve.

It's a sad fact that many can't be successful. It doesn't matter if it will be par with Bill Gates or just plain success in our own terms. But everything that these rich and successful says becomes a words of wisdom for the people like us, plebs.
Extracting those life lessons is helping me and I am sure that others who are also fans of him are certainly being helped from those motivations that he's giving.

Yeah, it shouldn't be difficult. But we have to embrace the reality that when you're up with many obligations and you didn't planned well on how you're going to live like having a career or a business or any income generated assets then you have to deal with the consequences.

Being an entrepreneur should also be flexible. You should know how to face your losses sometimes, so you can easily recover and move  forward. And always learn from all your mistakes, because that will improve how you handle your business and grow being an entrepreneur so you can also attract consistent and sustainable profits. If you can do it, most likely you will be successful in the end.

If it’s hard for you to be your own boss, then find a well compensated job and a good boss that will bring out the best for you, and not the one that will pull you down. However, the sad fact about being employed all the time is that you are making the company richer and progressive, while leaving the employees loaded of work just to be compensated. The reason why most of us aim of making ourselves our own boss so that we can see our own worth and that we can be an asset to our own company.

Bill Gates is indeed the most interesting example of today's businessmen. I agree with all of the above, but there is one more thing.
I don't remember which article of his I read, it was quite a while ago, but there was a good emphasis on the next thought. And he is not the first, but he applied it very qualitatively in modern business. The essence of this thought is extremely simple - correctly assess the situation, identify real problems, draw the right conclusions. Sounds simple, even primitive. To clarify this slogan, I will cite one historical fact so that you understand its value. I do not answer for the accuracy of the nuances, I retell from memory, please take into account

The Second World War. Britain is fighting in the air of Europe with the German Luftwaffe. Of course, a problem arises - the survivability of combat aircraft. The designers are focusing on determining the damage to aircraft, very carefully studying the damaged aircraft that have flown to the airfields, in which the hull, engine, and control systems are damaged. The goal is to determine the thinnest places in order to correct and increase the survival rate of both equipment and crews. A lot of work is being done, constructive changes are being made to the design of aircraft. But what is surprising - it does not give a noticeable result ...
And only one young designer asks to give him the floor, promising to explain what the venerable designers are wrong about. Absolutely expected, he is "sent away", young, inexperienced, what can he say useful?! But some time passes and the designers understand that their great efforts do not give a noticeable change in the situation. And then they remember the young engineer and invite him to speak. He comes and says simple words, but which turned the minds of all venerable and experienced designers and engineers. He said the following:
- You have chosen the wrong point for defining problems. You are examining the planes that FLYED to the airfield, and we need to investigate those planes that DID NOT FLY and crashed, because. they were fatally injured! The planes that have flown in do not have such, there are damages that created big problems, but did not "kill the apparatus and pilots." After that, British engineers began to collect downed aircraft, and began to study OTHER damage that actually led to the destruction of aircraft. After that, completely different changes were made to the design of the aircraft, and the survivability of British aircraft instantly increased!

This is what I mean - we very often look for a problem not where it really exists, and based on incorrect conclusions, we make incorrect decisions.
Sorry if it's long, but very revealing.ling.

If you really want to be successful as an entrepreneur then learn the skills of getting the juice of your workers as much as possible and make that work for you, the goal should not be the money it should be achieving what you dreamt of, and sometimes you also have to be smart and unethical like buy something very cheap and sell the product for better margin and that is the real story behind the success of windows.

Can I say that even if Bill Gates is not the founder of microsoft, he is a successful man because he was born to rich parents? He got some privileges such as adequate education, and because of that he was able to start his career with a more conceptualized than ordinary children.
I once said that the person who truly succeeds out of nothing is one in a million people.

All your points are valid but I want to make some contributions.

Becoming an entrepreneur should be a planned and calculated step. Before you start your business you must ensure that you have studied the business and draw a roadmap of its operations. I have seen people resign from their paid jobs without planning because they want to venture into a particular business. Most of them regretted their action because the business failed.


Everybody must not be an entrepreneur to be successful. Some people do not possess the attributes or temperament of entrepreneurs. They are wired to be hired by others. Their dream might be to be the best salesman in the company. If I am hired and paid well to assist someone builds his dream, then I am good.


Starting early means avoiding procrastination. If you have all you need to be an entrepreneur and you are sure that you would be successful and you keep postponing the start date. Starting early in business is relative and I don't think it is all about age. You start when you are ready. Some successful business owners started at a tender age, while others started when they were old. It is also important to utilize identified opportunities because you might lose them.


Focus on every customer. Treating happy customers well would motivate them to bring in more customers. If you focus only on the unhappy ones, you might lose the happy ones.


Traveling gives so much exposure and experience but it is very expensive. Entrepreneurs are encouraged to travel outside their environment because opportunities and innovative ideas can be identified. But you can travel on the internet and other forms of mass media. You can travel anywhere around the world with your computer or phone.
 

Sorry to tell you people but those life lessons won't make you as successful as Bill Gates, we should know by now that not everyone can rule the world or have the ability to be so successful. It might help you but it can't be like what it did to Bill Gates. Remember to also live your life, living shouldn't be that difficult.

Bill gates is one of the people i have respect on when it comes to business and professional capacity building, having a good mentor or role model has a way of contributing to one's success in life, they have been through alot of experience in the professional fields and have encountered series of economical seasons, their advise is worth building on to have a good start, reading their books, and following them on media handles is never a waste of time, but rather a choice to follow a smooth path with them.

If you want to be a good entrepreneur. Then you must first of all focus on it and make up your mind that everything is possible with Me. You have to progress through many rules. Then you can become a good entrepreneur. As far as I know is mentioned below.

• The first thing you need to do is That is time control. Always complete the work on time.
• You have to remove your laziness. Because if you are lazy in any work or any thing, you can never do it properly.
• Always thinking about something new, planning to do something new etc. Doing these will develop the talent.
• work harder Because there is no development in anything without hard work. And those who are able to do good things were more diligent.

One thing should always be kept in mind. Time must be controlled. If you can't do that, you can't improve anything.

If you decide to become an entrepreneur, you must know the steps you should take to work according to your plan. You can set what has to be done and by doing it step by step, you can achieve the goals you want. Never stop, especially stop learning because learning can help you develop for the better and push you towards your dreams. It does take time to get to the destination and it all depends on how hard you try. If you are serious, you can achieve it and success will come to you.

It's always nice to read tips and strategies from billionaires, from their mouth it always sounds so easy. Like focus on your dreams, never give up and you will eventually make it. Don't get me wrong, all his points are valid and we can learn from them. But there are also factors that we can't control ourselves, for example luck and how much support we can get from our family. It makes a huge difference if you start from 0 or if you know successful people through your family who can support you with starting financing. Having access to a network through your parents is not only about seed money, but also important contacts. Bill Gates, Mark Zuckerberg or Elon Musk, they all didn't start from 0.

being a successful person is everyone's goal, especially financial success,
but not a little, people want to be successful, but only in the mind, and it must be improved,

because if we want to be successful and we devise plans,
but all the plans are not executed, then we will remain silent in that position,
most people want to be successful but they
• lazy
• don't dare to take chances
• procrastination
• too calculating in working hours
• and they are not looking for new knowledge or new innovations.

a lot of people have experienced that

"Be a person who continues to grow, innovate and have short and long term plans"

We have to put into consideration those persons who are not cut out to handle any business or administrative position, but can do well as team players working with a group of persons under a company. No pressure, but I feel everyone should be able to find out the position best fitted for them on time and be the best accordingly, either the best boss, or the best team player. Everyone will like to be the boss of themselves, but truthfully, everyone cannot shoulder the responsibility that comes with the position and title, so just find what works for you. 

This reminds me on Jeff Bezos in one of the earliest Amazon documentary. His philosophy has always been that the company should be customer-centric and he has always stuck with it. Here are some of my favorite quotes

• The most important single thing is to focus obsessively on the customer. Our goal is to be earth’s most customer-centric company.
• If there’s one reason we have done better than of our peers in the Internet space over the last six years, it is because we have focused like a laser on customer experience.
• We’re not competitor obsessed, we’re customer obsessed. We start with what the customer needs and we work backwards.
• Focusing on the customer makes a company more resilient.
• If you make customers unhappy in the physical world, they might each tell six friends. If you make customers unhappy on the Internet, they can each tell 6,000.

In developing countries there are problems everywhere, especially when trying to create your own business. This is why it is a developing country, and not developed. It is expensive to hire people, there are a lot of taxes, bureaucracy, etc... Things are much simpler in a developed country.

I know it is always possible to make money in a developing country, but big companies and great ideas (like amazon, microsoft, tesla, etc) never come from Brazil or Nigeria, but from United States, England, Germany.... There is a reason for that.

Anyway, those are nice suggestions from Bill Gates. I liked the last one "travel the world"

Exactly.

And just as Bill Gates, what I've read with another wealthy guy in the name of Jack Ma. He said that when you're around 20s to early 30s is that you need to find a good boss.

Because everything that boss have learned with his entire experiences and run, he'll share to you just how good he is. There are people that don't have passion for business and making their own company so they stay in employment and working for a company.

That's applicable to them and when they have found a good boss, I guess all the learnings will be there and that good boss will encourage that person to start his entrepreneurial journey.

You forget something that to achieve success or achieve financial freedom is that we feel comfortable with what we are doing and feel that all that freedom does not need to move from where we stand. The potential for success is always in front of us in its own way and with the portion we take. Always remember the portion of success, because then we don't need to be anyone other than creating financial freedom according to what we can.

I just want to say that the 6 points mentioned are not foreign to our ears. Believe us we always try to do it according to the portion of life and the portion of each success. I follow all the motivations of Bill Gates but the portion of success according to Bill Gates and the portion of success according to us is clearly very different.