Struggles and failures are a part of everyday life. However, it is how you deal with the failures which makes you a great person. Every great entrepreneur has had their fair share of lows before they rose up stronger than before. From Richard Branson to Dhirubhai Ambani and to Steve Jobs, every great success story started off with nothing. Here is our list of entrepreneurs who went through major failures before becoming some of the most famous people in the world!
1. Arianna Huffington
Arianna Huffington had one dream in life and one major drawback for achieving the dream: she didn’t know how to speak the English language. Everyone around Huffington thought her dream was going to be just that. Language was a major hindrance for her and even when she got into Cambridge, life wasn’t easy. She had to learn the language by reading and listening to everything in English and slowly, by speaking in the language she wasn’t sure of, Huffington started overcoming her fear.
While not a direct failure, her lack of the knowledge definitely acted as a major roadblock. Coming from a life where she and her mother had to work to make ends meet, Huffington led a constant life of struggle. Despite working through the day, Arianna still wanted to overcome her inabilities by working on her English pronunciation skills. From not knowing the language to mastering it so much that she could write her first book, The Female Woman, Huffington’s life saw an inspirational rise.
Even through all the roadblocks and mind blocks, Huffington pushed past her struggles to become the CEO and founder of the extremely famous Huffington Post. Even after that, the struggles just refused to stop. From fainting out of sheer exhaustion to realising sleep was important, Huffington addressed very issue with skill and talent. A woman who has grown through all the hurdles thrown at her in life, Arianna Huffington has shown that no block is too great and every barrier can be overcome!
2. Steve Jobs
More than a decade ago, when Jobs released the first ever iPhone, he changed the way the world used smartphones. While the average audience was quite taken in by this cool new toy, there were more skeptical people than those who were in favour. How can a company which didn’t have any experience in dealing with the production of phones, make waves with something like an iPhone? However, the success of the phone was greater than what people would have expected and overnight, the future of Apple and Jobs changed forever.
Before Jobs made Apple the massive success it is today, he had more than his fair share of failures. Dropping out of college and with no formal education, he led quite an exciting life. Despite all the rejections he faced in various phases of his life, Jobs never stopped working on making his dream come true.
From hiring John Sculley as the CEO of Apple (a move which brought the Company down,) to launching various failed products and to not knowing where to market the Next Computer, Jobs led an interesting journey to the top. Today, Apple has a valuation of more than a trillion dollars and with one impressive innovation after another, everything produced by Apple is one of a kind. Ironically, the fact that he was ousted from Apple didn’t stop Jobs from growing. He took this so hard, he considered this as one of the major failures in his life. However, despite all the things which went wrong, Jobs always said he was who he was because of the failures.
3. Walt Disney
When Walt Disney started his journey as a caricature artist, a lot of people told him he just didn’t have it in him to make a mark in the world. However, he stuck through with his creations and started weaving stories with the creations he made. While Mickey Mouse was the first ever caricature he designed that became famous, his other creations became just as famous in the coming years.
Despite being fired by only a junior editor from his first job, Disney worked on his skills so much, he slowly but surely started making a mark. Did you know that when Walt Disney first created Mickey Mouse as a character, he wanted to name it Mortimer Mouse? Mickey Mouse was also drawn as an aftermath of a deal gone wrong. One of the first animated series Disney was working on, called Oswald The Lucky Rabbit, fell through as a result of a disagreement between Universal Studios and Disney.)
The only way Disney knew to deal with the situation was by drawing out his pain! However, had it not been for his wife’s timely intervention, the world would not have fallen in love with one of the most adorable characters of Disney’s history, Mickey Mouse! When Walt Disney died, his personal valuation stood at a whopping $ 35 million, making him one of the richest men in the world, without the shadow of a doubt.
4. Richard Branson
Richard Branson, a serial entrepreneur and now the 5th richest man in the world, also had his fair share of troubles. Branson had the business selling streak from a very young age. At the age of 16, he started his own magazine called Student. While the magazine did really well, it also set the stone for his record label, Virgin Records. However, despite the record label taking off in the first few years, trouble started brewing. Without giving up, Branson kept thinking of how to make the most of what he had.
It was only when a flight of his got cancelled on the way to Virgin Island, that inspiration struck Branson. From selling tickets worth $ 29, to redefining the way people flew, a cancelled flight was quite literally Branson’s ticket to freedom. With people not liking the clothes offered by his clothing brand and a record label which failed to succeed, Branson refused to give up. Everything Branson did over the years was to ensure that nothing he did was without enthusiasm. So much so that he wanted the entire world to experience what he felt when he lost his virginity!
Failure is a part and parcel of life. There is nothing that is truly stopping you from achieving your dreams. Stop thinking about what was done and lost and start thinking about how to make a difference in your life. If you think we missed out on any other stories like these, comment and let us know!
Louis Vuitton Unknown Facts
Founded in 1854, the French fashion powerhouse Louis Vuitton rose to become the world’s most valuable luxury brand. Known for never having any of its product on sale, it is one of the most counterfeited brands in the world.
With its CEO Bernard Arnauld being declared world’s second richest man with a net worth of $ 108 billion, let’s look at some unknown facts about Louis Vuitton.
Unknown facts about Louis Vuitton
1) The founder of the luxury brand, Louis Vuitton, was the personal box maker and packer of Napoleon Bonaparte’s wife Empress Eugénie de Montijo.
2) The famous monogram of Louis Vuitton was created to fight counterfeit ones and served as inspiration for surreal artist Salvador Dali’s La Toile Daligram.
3) The most famous creation by the brand, Speedy, was originally launched as a travel case. It got its popularity after American icon Audrey Hepburn requested Vuitton to make a custom mini Speedy for her.
4) Mikhail Gorbachev, the last president of the U.S.S.R., once posed for a Louis Vuitton ad campaign.
5) American rapper Kanye West has mentioned Louis Vuitton more than 19 times in his songs.
6) Known for creating luxury bags and accessories, Louis Vuitton once created a collection of luxury pens. It also sells scrapbooks for people with extravagant taste.
7) The bags and jewellery of Louis Vuitton go through an intense durability test before being released to the public. Louis Vuitton bags are subjected to UV rays in an effort to increase the bags’ resistance to fading.
8) After every season, the unsold Louis Vuitton products are sent back to its factory in France and are shredded or burnt, in order to maintain the item’s value.
Considered one of the top luxury brands in the world, Louis Vuitton currently has a brand value of $ 47.2 billion.
Comment and let us know which of these facts impressed you the most.
Rupert Murdoch Unknown Facts
Rupert Murdoch is an Australian born businessman and the founder of News Corp, who turned media into a lucrative business empire. With holdings in The Wall Street Journal, HarperCollins, Fox News and 20th Century Fox, Murdoch is one of the richest people in the world. Here are some unknown facts about the media mogul who is considered the inventor of the modern tabloid.
Unknown facts about Rupert Murdoch
1. As an ambitious 7 year old, Rupert Murdoch would hunt water rats for their skin and manure, which he would then sell for sixpence in his town. He would use his earnings to gamble in school.
2. Murdoch was an excellent cricket player and led his school’s cricket team to National junior finals.
3. His journalism career began with the Adelaide News, which he took over after the death of his father at the age of 22. Rupert Murdoch transformed the failing business into a successful newspaper.
4. He once counter bid for a New Zealand local newspaper, The Dominion, at the spur of the moment during a vacation and ended up winning the bid.
5. He was once declared dead by his own newspaper, The Sun, after digital vigilante groups Anonymous and LulzSec hacked into the newspaper website and published an article, claiming Murdoch died because of drug overdose.
6. He has appeared in two episodes of the hit series The Simpsons and his entrance line was “I’m Rupert Murdoch, the billionaire tyrant, and this is my skybox.”
7. Murdoch has a bad intuition towards social media, which was proven when Myspace, which Murdoch bought for $ 580 million, had to be sold due to its poor performance. He also passed a chance to buy Twitter and warned investors against investing in it.
8. He was awarded a papal honour award, Knight Commander of the Order of Saint Gregory the Great, by John Paul II in January 1998.
9. He once launched world’s first iPad only daily newspaper app, named The Daily. Murdoch invested $ 30 million in building the app. The app eventually shut down as the company started losing money after the launch.
10. He was inducted into the TV Hall of Fame in 2014 for launching Fox Broadcasting Company and changing the television landscape with shows like The Simpsons and The X-Files.
With a career spanning almost 6 decades, Rupert Murdoch saw many failures and controversies, but overcame them all and is now worth $ 21.9 billion.
Women Scientists Turned Entrepreneurs
There are hundreds of innovations and discoveries born in the field of science and engineering every year in universities around the world. However, only a few of them are able to make it into commercial ventures. Today, we will be looking into women who turned their groundbreaking research into successful businesses.
1) Nina Tandon
Nina Tandon is a biomedical engineer and co founded the company Epibone. The main aim of the Company is to develop technology to develop bone reconstruction solution through stem cells. The Company creates bone tissues from a patient’s stem cells and grows them in vitro for use in bone grafts. Tandon serves as the CEO of Epibone and is also an adjunct professor of electrical engineering at the Cooper Union in New York. Tandon was named a TED Fellow in 2011 and a senior TED Fellow in 2012. In 2013, she received an award at the Marie Claire’s Women on Top Awards.
2) Anuradha Acharya
Anuradha Acharya is the founder and CEO of Mapmygenome, a company which focuses on preventive healthcare options through genome sequencing. She also founded another company called Ocimum Biosolutions, a genomics outsourcing company for discovery, development and diagnostics. In 2015, Mapmygenome made news for raising funds worth $ 1.1 million from a group of investors. Acharya was awarded the Entrepreneur of the Year award by the magazine Biospectrum in 2008. Her name was included in the 2018 W-power trailblazers by Forbes.
3) Sinead O’Sullivan
An aerospace engineer, Sinead O’Sullivan specialises in space technology and is currently the CEO of Avioptix, a company which captures, stores and analyzes real time data from satellites, drones and ground robotics. Her Company created the first ever platform to crowdsource drone data. Avioptix tailors their insights to the needs of their clients, supporting agriculture, oil and gas, insurance and NGOs.
4) Rana el Kaliouby
Rana el Kaliouby is a computer scientist and the co founder and CEO of Affectivia. Affectivia is an emotion measurement technology company which develops software to recognize human emotions based on facial expressions and physiological responses. As a research scientist at MIT, her initial focus was on ways to improve human-computer interaction, but she quickly realised the possibility of using the technology to improve human to human interaction, especially for those affected by autism. She was inducted into the Women in Engineering Hall of Fame and was mentioned in Forbes’ America’s Top 50 Women in Tech 2018.
These women serve as perfect examples and inspiration for women working in the STEM field to grow their research into a business empire. If we missed mentioning any such women scientists who turned into entrepreneurs, comment and let us know.
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