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Adam Neumann – Unknown Facts About WeWork Founder

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Adam Neumann is the founder of the American real estate company WeWork, which offers fully furnished co working spaces to freelancers and entrepreneurs so they can pursue and fine tune their business ideas.  Taking his Company to the elusive territory of a unicorn was not an easy road, with Adam Neumann being in and out of the news for his wild adventures and he has had an interesting journey so far.

Let us have a look at some unknown facts about WeWork founder Adam Neumann.

  1. Born in Israel

Adam Neumann was born in Israel and as a child, spent time on an Israeli kibbutz (gathering of a community) and went to school near the Gaza Strip.

  1. Dyslexic

Adam Neumann was severely dyslexic as a child and could not write until he was in the third grade.

  1. Spent time in the Israeli Defence Forces (IDF)

Israeli citizens have to spend three years in the IDF, as mandated by the government.  Adam Neumann served in the Navy for five years before being discharged at the rank of Captain.  After finishing his stint with the IDF, Neumann moved to New York City, enrolled in a community school and obtained his Masters in Business Administration.

  1. Failed at business before founding WeWork

Adam Neumann started a business from his apartment called Krawlerz, a clothing line for infants.  The clothes, especially bottom wear, featured padding in the knee area to make crawling more comfortable for children.  The business failed to take off and Adam Neumann was left with the inventory due to lack of demand.

  1. Made outrageous claims

Adam Neumann is known for his radical and impulsive thoughts.  During an interview with a magazine in New York, he expressed his interest to run for President of the United States of America.  He also once claimed he would run for the position of the Prime Minister of Israel and also expressed his desire to be the president of the world to match his ego.

  1. Trademarked ‘We’ and sold it to WeWork

Adam Neumann opened a private company named The We Company and trademarked ‘We.’  WeWork, during that time, wanted to rebrand itself around the word ‘We’ and Adam Neumann was the CEO of WeWork at the time.  WeWork paid Adam Neumann six million dollars for trademark rights to use ‘We.’

Adam Neumann is a self made billionaire.  Though he is eccentric and has impulsive urges, he has always believed in the idea of a community and built his offerings around the same, in the hopes he would be able to help young individuals find and pursue their passion.

Read more about the story of WeWork here:WeWork The Story Of The Real Estate Unicorn Startup

 

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Ferrari – The Story Of The Luxury Automobile Brand

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Ferrari Story,Luxury Automobile Brand Ferrari,Startup Success Story 2020,Ferrari Success Story,Automobile Brand Ferrari History,Ferrari Founder,Ferrari Cars Success Story,Ferrari Latest News 2020,Top Most Expensive Car Brands,Ferrari Cars

The name Ferrari evokes a sense of respect amongst motor car enthusiasts.  All over the world, Ferrari is known for its luxury car offerings with high end engine specifications as well as swanky designs to go with them.  It is always at the forefront of innovation, constantly finding ways to upgrade its line of products. However, it is also renowned for its rich history of motor car racing.  Ferrari is one of the biggest and oldest teams to compete in Formula One racing.

Beginnings

Ferrari was founded by Enzo Ferrari.  However, Ferrari was not initially a luxury car manufacturer.  Enzo Ferrari wanted to work with FIAT, but his application was rejected.  He then worked as a race car driver for Alfa Romeo, post which he founded Scuderia Ferrari, which translates to Ferrari Stable and was a sporting society which allowed its members to race.  

Scuderia Ferrari was formed in 1929 with its headquarters in Modena, Italy.  Scuderia Ferrari fielded Alfa Romeo cars for racing. Scuderia Ferrari went on to become the racing division and team of Alfa Romeo after the Company disbanded its in house racing team.  Alfa Romeo later acquired Scuderia Ferrari and formed the Alfa Corse and subsequently disbanded Scuderia Ferrari. Alfa Romeo also appointed Ferrari as Sporting Director. 

Founding of Ferrari

In 1939, Enzo Ferrari left Alfa Romeo on the grounds he would not use the Ferrari name in association with racing cars for at least four years.  So, Enzo founded Auto Avio Costruzioni, the ancestor of Ferrari which manufactured machine tools and aircraft accessories. Due to the World War II, Ferrari saw little sales and their factory in Milan was bombed by the allies.

The factory was eventually rebuilt and the first Ferrari car, powered by a V12 engine and bearing the black prancing horse logo which is symbolic of Ferrari, made its debut.

Racing history

Enzo Ferrari was an avid race car driver and his passion lied there.  Although Enzo was making cars for the public, he saw it as a way to obtain funds to fuel his passion for racing via Scuderia Ferrari.  Scuderia Ferrari is now the racing division of the luxury sports car manufacturer.

Ferrari is one of the oldest race car competitors and the only one to compete in all the editions of Formula One since the championship’s inception in 1950.  Scuderia Ferrari has produced some of the greatest drivers like Niki Lauda, Michael Schumacher, Rubens Barrichello, Felipe Massa, Kimi Räikkönen and Fernando Alonso.

Today, it is easy to recognize a car of the Ferrari make by looking at the black prancing horse logo.  Over the years, owning a Ferrari has come to symbolize status, wealth and the love for speed. In 2002, Ferrari released a car, the Enzo Ferrari, named in honour of the brand’s founder Enzo Ferrari.  Only 400 of these cars were made and the 400th one was donated to The Vatican for charity.

Enzo Ferrari and his brand are an inspiration to many across the world and racing purists will always swear by the quality and design Ferrari provides.  The Ferrari brand was painstakingly built over the years and the popularity has not waned, mostly due to the dedication of Enzo Ferrari and his vision. People looking for inspiration can take lessons from his life and his passion for automobiles.

Read about Henry Ford’s unknown facts here: Henry Ford Unknown Facts

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Carlos Ghosn – The Rise Of A Titan Of Automobile Industry

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Car makers like Nissan and Renault are now known to many and their automobiles are used all over the world.  Nissan, in particular, has a reputation for quality engineering, which reflects on its Japanese roots. However, there is one person who is behind the success of Nissan and Renault and that is Carlos Ghosn.  He was instrumental in turning around the fortunes and reviving these failing companies and turned them into some of the world’s largest car makers. The journey of Carlos Ghosn is truly inspiring and will be spoken about at many business schools worldwide.

Early life and beginning

Carlos Ghosn was born in Porto Velho, Brazil.  After falling sick and being unable to recover, his mother moved with him and his sister to Beirut, Lebanon, to stay with Carlos Ghosn’s grandmother.  Carlos Ghosn did his schooling in Lebanon and obtained his graduation from France’s top schools, École Polytechnique and École des Mines de Paris.

Following his graduation, he began working at Michelin, Europe’s top tyre manufacturer.  He spent eighteen years there. He then went on to be appointed head of research and development for the industrial tyre development division in 1984.  Following this, Ghosn was appointed chief operating officer (COO) for the South American operations and reported directly to François Michelin.

Ghosn completely turned around the South American operations during the time of Brazil’s hyperinflation by employing cross functional management teams to determine best practices.  His performance in South America led to him being later appointed COO for the North American operations.

Renault

Having heard about Carlos Ghosn’s success story at Michelin, Renault, a French automobile maker, invited him to work with them.  Renault was undergoing a severe recession in sales and Carlos Ghosn was roped in as Executive Vice President, in charge of purchasing, advanced research, engineering and development, manufacturing and power train operations.  He reported directly to Louis Schweitzer, the Chief Executive Officer of Renault at the time. Carlos Ghosn was able to replicate the success he had with Michelin at Renault as well. 

The Renault-Nissan alliance

In 1999, the automobile industry was set to see the biggest turnaround with the Renault-Nissan alliance.  It was dubbed by many as a failure due to the friction in the drastic difference in working and corporate cultures between Japan and France.  Renault purchased a 36.8 % stake in the nearly bankrupt Nissan and Carlos Ghosn was appointed COO of Nissan while maintaining the same role at Renault.  He turned around the fortunes of both companies with a revival plan which included drastic cost cutting measures, downsizing and investing in design. This move earned him the moniker ‘Le Cost Killer.  He announced a three year plan, wherein he would put Nissan at the top of the industry and bring back profits, failing which he would resign.  He went on to successfully achieve all the targets he set. He went on to become the CEO of both Renault and Nissan and became the first person in the world to run two Fortune 500 companies simultaneously.

While the automobile industry celebrity went on to achieve many milestones in his illustrious career, he courted multiple brushes with the law, leading to him being incarcerated and his image being tarnished.  He was stripped of his titles and responsibilities, owing to huge financial frauds wherein he under reported his income earnings from Nissan to the Japanese authorities and a coup which involved whistleblowers who were his close aides.  The fall from grace has been heavily reported all over the world, but it does not change the fact that Carlos Ghosn is a true visionary and leader.

Read about how Carlos Ghosn turned from a CEO to an international fugitive here: Carlos Ghosn : From Automobile Industry Celebrity To International Fugitive

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7 Motivational Quotes By Alphabet CEO Sundar Pichai

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Sundar Pichai was recently in the news for taking over the reins of the Google parent company Alphabet Inc., as the Chief Executive Officer (CEO,) from founders Larry Page and Sergey Brin.  While Sundar Pichai is in the limelight now, it was not always the case. His journey to the top of one of the world’s biggest tech firms was full of hard work and perseverance. Sundar Pichai shot to fame when he was appointed the CEO of Google and started trending on social media.

A person who has spent quite some time at the top will definitely have wisdom which is useful to everybody and motivates them.  Let us have a look at some motivational quotes by Sundar Pichai.

7 motivational quotes by Alphabet CEO Sundar Pichai

  1. “A person who is happy is not because everything is right in his life, he is happy because of his attitude towards everything in his life is right.”

It is important to have the right attitude towards life.  As there are many obstacles to overcome, it can be frustrating over time.  Having a positive outlook and the ability to look forward and not think too much about a loss or a failure is important.

  1. “Wear your failure as a badge of honor.”

Failures act as discouraging tools in many cases.  However, it is important to look at failures as opportunities to self-reflect and come up with solutions.  Failures tell a story and are nothing of which one should be ashamed.

  1. “It is always good to work with people who make you feel insecure about yourself. That way, you will constantly keep pushing your limits.”

Insecurity is not often a good trait to have, but if you are working in a team with high performing individuals, it will help you push your limits by constantly keeping you on your toes.

  1. “We try to work on things which billions of people will use every day.”

Google is now a household name everywhere and has integrated itself in people’s lifestyle, with many products being used on a day to day basis.  Google Search and Google Maps are two of the Company’s apps which see daily use everywhere, reflecting on Google’s commitment to improving the lives of people.

  1. “Keep pushing your limits.”

Almost every successful individual always quotes this.  A quote like this is self explanatory. High standards require high quality efforts.  Pushing one’s limits will offer plenty of insight into boundaries which can pushed.

  1. “As a leader, it is important to not just see your own success, but focus on the success of others.”

A good leader is one who is empathetic and compassionate.  A leader needs to be able to focus on the team and their wins to boost the members’ morale and improve bonding.  Focussing on the success of a team will help align the leadership’s vision with the team.

  1. “The right moral compass is trying hard to think about what customers want.”

While it is easy to cut corners for short term gains, it is important to keep in mind a product or service eventually succeeds if customers accept it.  Keeping in mind the needs and wants of the customers which need to be fulfilled will act as the right moral compass.

Which of these quotes by Sundar Pichai inspired you the most?

Read about inspiring quotes by Warren Buffet, the founder of Berkshire Hathaway, here : Warren Buffett Most Inspiring Quotes

 

 

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