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Published by Mary | Filed under Loans
They are the people behind some of the world’s most profitable businesses. Through ups and downs, successes and failures, these inspirational people have managed to learn from their mistakes and transform the most difficult of problems into lucrative business solutions. Here are some inspirational words from 5 of the most successful business moguls.
Occupation: Chairman of Microsoft (non-executive)
Chairman of board of Corbis
Co-Chair of Bill & Melinda Gates Foundation
Director of Berkshire Hathaway
CEO of Cascade Investment
Net worth: $54 billion
Bio: Gates is one of the best-known entrepreneurs of the PC revolution. Time magazine named Gates one of the 100 people who most influenced the 20th century, as well as one of the 100 most influential people of 2004, 2005, and 2006. Since leaving Microsoft, Gates continues philanthropic endeavors. As of 2007 Bill and his wife Melinda Gates were the second most generous philanthropists in America, having given over $28 billion to charity.
Business Advice: Your most unhappy customers are your greatest source of learning.
Occupation: Chairman & CEO of Berkshire Hathaway, Investor
Net worth: $45 billion
Bio: Even as a child, Buffett displayed an interest in making and saving money. He went door to door selling chewing gum, Coca-Cola, or weekly magazines. While still in high school, he carried out several successful money-making ideas: delivering newspapers, selling golfballs and stamps. He is now regarded as one of the most successful investors in the world and consistently ranks among the world’s wealthiest people. Buffett is noted for his personal frugality despite his immense wealth.
Business Advice: I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
Occupation: Chairman and CEO Apple Inc.
Board of Directors Walt Disney Company
Net worth: $6.1 billion
Bio: Jobs is reputed for putting Apple and its products at the forefront of the information technology industry. Jobs is listed as either primary inventor or co-inventor in over 230 awarded patents or patent applications related to a range from actual computer and portable devices to user interfaces (including touch-based), speakers, keyboards, power adapters, staircases, clasps, sleeves, lanyards and packages. He was listed as Fortune Magazine’s Most Powerful Businessman of 2007. On November 5, 2009, Jobs was named the CEO of the decade by Fortune Magazine. He’d have no problems to accept credit cards online.
Business Advice: My model for business is The Beatles: They were four guys that kept each other’s negative tendencies in check; they balanced each other. And the total was greater than the sum of the parts. Great things in business are not done by one person, they are done by a team of people.
Occupation: Chairman and CEO of the Trump Organization
Net worth: $2 billion
Bio: Donald was strongly influenced by his father in his eventual goals to make a career in real estate development. In 1968, Trump joined his father’s company, The Trump Organization. Trump would later expand into the airline industry (buying the Eastern Shuttle routes) and Atlantic City casino business, including buying the Taj Mahal Casino from the Crosby family, then taking it into bankruptcy. Trump currently owns several million square feet of prime Manhattan real estate and remains a major figure in the field of real estate in the United States and a celebrity for his prominent media exposures.
Business Advice: Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you’re generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don’t make.
Margaret (Meg) Whitman
Occupation: Former President and CEO of eBay
Net Worth: $1.3 billion
Bio: A graduate of Princeton University and Harvard Business School, Whitman has served as an executive in The Walt Disney Company where she was vice president of strategic planning throughout the 1980s. Whitman served as President and Chief Executive Officer of eBay from 1998 to 2008. During her ten years with the company, she oversaw expansion from 30 employees and $4 million in annual revenue to more than 15,000 employees and $8 billion in annual revenue when she stepped down.
Business Advice: A business leader has to keep their organization focused on the mission. That sounds easy, but it can be tremendously challenging in today’s competitive and ever-changing business environment. A leader also has to motivate potential partners to join.