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5 Lessons Every Entrepreneur Can Learn From Walt Disney

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The man who changed his passion for art into a multi billion dollar media empire, Walter Elias Disney or Walt Disney, as he is popularly known, was an artist, entertainer, film producer, entrepreneur and philanthropist. 

The Walt Disney Company, founded by him and valued at approximately $ 130 billion, is the second largest broadcasting and cable company in the world.  Walt Disney managed to shape the childhoods of billions of kids all around the world by giving us our most memorable cartoon characters—Mickey Mouse being the most popular of them all. 

Here are some lessons every entrepreneur can learn from Disney’s life.

 

1) Follow your passion

The most important lesson entrepreneurs can learn from Walt Disney is to do what you love.  If you are doing it for the money, then it probably won’t last. Walt Disney loved drawings and cartoons so much, he devoted his life to them and amassed a huge empire because of this passion.  There were times when he took up odd jobs just so he could fund his passion.  Because he loved drawings so much, he overcame every hardship which came his way and emerged victorious.  When you do what you love doing, no day feels like work and no hurdle too hard to cross.

 

2)  Do what they say is impossible

“If you can dream it, you can do it.”

— Walt Disney.

When Walt Disney first started his work, thousands of people criticised him, saying that no one would sit through an entire animated feature film.  These comments from people, however, could not stop him because he never ceased to believe in himself or his dreams.  Snow White and the Seven Dwarfs was the first feature animated film made by Walt Disney and it received a standing ovation at the end of almost every screening.  All the other animated films like Alice In Wonderland, Cinderella and Fantasia, made and produced by Disney, proved to be huge successes, especially among children.  Apart from this, he was also told a theme park with a mouse as its central character would scare people and no one would be interested in it.  Thanks to Walt Disney’s self belief, today we have Disneyland and Mickey Mouse is known across the world. 

 

3) Try one more time

Walt Disney was one such person who faced a lot of failure and rejection in his initial days.  His first animation studio, Laugh-O-Gram Studio, which was home to many pioneers of animation, never made any notable profits.  At a point in his life, he became penniless, lost his studio, his creators and his equipment, but one thing he never lost was his willpower to try again.  From this willpower of his came the world’s most loved cartoon character—Mickey Mouse. 

 

4) Be a risk taker

Walt Disney as an entrepreneur was never afraid to take risks.  There were many instances where the future of the entire Walt Disney Company depended on whether the new venture he took up was successful or not.  The riskiest idea he ever ventured into was Disneyland. Many people, including his brother turned business partner Roy O. Disney, urged him to give up on the idea.  If Disneyland failed, the entire Company would be shut down, but Disney took the risk.  Today, Disneyland is one of the most profitable theme parks in the world.  

 

5) Never settle

Disney created Mickey Mouse and it became a huge success, but he did not stop there.  He went on to create Minnie Mouse, Donald Duck, Pluto and other iconic characters. What made The Walt Disney Company a multi billion dollar empire is the fact Walt never stopped improving.  After one accomplishment, he would go on to another and then another. He never settled after just one accomplishment. Always look for ways to improve yourself and your business. 

 

Walt Disney, who started from humble beginnings, became a business mogul and an animation pioneer.  His journey is nothing less than remarkable.  

We hope you found these lessons helpful.  If you did, comment and let us know. 

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Entrepreneur Stories

Louis Vuitton Unknown Facts

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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.

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Rupert Murdoch Unknown Facts

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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.

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Women Scientists Turned Entrepreneurs

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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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