When 13 year old Bill Gates laid eyes on his first computer, he knew he found his first love. From breaking the pieces apart to figuring out how they work, everything about computers fascinated him. Despite dropping out of Harvard, Gates worked on making his dream come true. Although he retired and is no longer the CEO of Microsoft, Gates still has a lot to teach us. Check out lessons about leadership and life from Bill Gates here:
1. Never stop reading
Gates’s love for reading came as early as his love for computers. When he was young, he devoured the entire Encyclopedia set and when his parents realised he loved reading, they encouraged it by paying for whatever book he wanted. Despite being extremely busy, Gates still dedicates time to review and recommend books on his blog called Grace Notes. Not particular to a certain genre, Gates’s site has reviews about books ranging from fiction to nonfiction stories. The Microsoft founder goes so far as to credit his success to dreaming, which came from his love of reading books! Keep reading and learn something new and you will never stop growing.
2. Teach your kids to value hard work
Unlike other kids born with a silver spoon, Gates believes in making his children work for what they earn. Despite being given an unbelievable education and a head start to life most people don’t have, Gates pushes his children to work. Gates always believes in giving children as many opportunities he can. In fact, he donated $ 29 billion of his wealth to the Bill and Melinda Gates Foundation and is also a member of The Giving Pledge. Did you know, he doesn’t do this alone? Melinda Gates, his wife, believes in this philosophy as well and together, they make sure their kids live a well rounded life!
3. Take measured risks
Just like other entrepreneurs, Bill Gates believes in being spontaneous, but with some care. The first time Gates thought of Microsoft as a company was when he was at Harvard. When he read about a brand new computer called MITS Altair in a magazine called Popular Machines, he called them and said he wrote a programming code for the system. However, what MITS didn’t know was, Gates didn’t have anything ready for them and this call was only to see if they were interested. The minute he realised something could happen, he took a leave of absence from Harvard to work on the code, BASIC. This code became so popular that shortly after it was created, Gates and his partner Paul Allen sold it for $ 3,000 while retaining the ownership rights. The lesson here is, you should understand the situation before jumping head on and taking risks, only then can you get a clear picture.
4. Learn from your mistakes
One of the most important things you can learn from Gates is, you should always learn from your mistakes and never let failure push you down. When Bill Gates didn’t realise the potential of Microsoft as a search engine, he let Google take forward his brain child and become the best at something he already created. Gates even admitted that because he didn’t realise Microsoft’s potential, he let Google kick his butt!Keep going forward, no matter how big the mistake may seem to you at the point and only then will you grow ahead.
5. Live your values
One of the philosophies Gates followed was to always let those around you know who you are. From helping his employees get a rung up the ladder to connecting with U2’s Bono festival in 2005 to help eradicate poverty, discrimation and diseases, Gates made sure he never stops helping people. Never let go of that in which you believe and you can always help people achieve their goals. The best way to demonstrate how Gates believes in this principle is by looking at how much he always gives back to society. From helping people in his Company to making sure everyone in need is given what they want, Gates always believes in living by his ideas and values.
Bill Gates has been a mentor to everyone around him, inspiring people to grow through their insecurities and weak points. How did Bill Gates inspire you? Comment and let us know!
5 Books For Every Entrepreneur In 2020
It is easy to talk about entrepreneurs and look at them with envy for pursuing their passion but what no one knows is the amount of sweat, blood and tears which go into making an entrepreneurial dream come true. Entrepreneurs are expected to be highly competitive in the cutthroat market and at the same time continually strive to set an example for others to follow. The sad truth however is that not all entrepreneurs succeed in their mission because some may give up midway through their entrepreneurial journey, or some might run out of cash while some are just not able to scale up their business.
Many successful entrepreneurs have documented their journey and their thoughts in autobiographies or novels for aspiring entrepreneurs seeking inspiration. These books would manage to scale up your game, improve your business strategy, potential to connect with new people and most importantly would give you courage to persist on your journey.
Here are five books in 2020 which every entrepreneur should read
1) The Lean Startup by Eric Reiss
Published in 2011, this book is still relevant even in 2020 as Eric Reiss outlines a guide to help entrepreneurs to develop methods to manage their startups/businesses. Entrepreneurs can set their strategies according to their needs and runway cash to optimise their business opportunities. The Lean Startup offers entrepreneurs, in companies of all sizes, a way to test their vision continuously, to adapt and adjust before it is too late.
2) Zero To One: Notes On Startups Or How To Build The Future by Peter Thiel
Peter Thiel is the co founder of PayPal and an entrepreneur as well as a venture capitalist. Zero To One tries to teach entrepreneurs about how Peter Thiel thinks , his approach towards business and how one can shape the future of their startup. WhilePeter Thiel was teaching a class at Stanford University, a student named Blake Masters took notes which led to the book Zero To One released by both Thiel and Masters.
3) The Startup Owner’s Manual: The Step-By-Step Guide for Building a Great Company by Bob Dorf and Steve Blank
This book is touted to be the perfect guide for any entrepreneur to scale their business. This book has detailed step by step instructions on building successful, scalable, profitable startups. The Startup Owner’s Manual is so popular that it is taught in university courses at Stanford, Berkeley, Columbia and many other universities. The Startup Owner’s Manual follows the theory of customer development, agile, and lean engineering.
4) The Greatest Salesman In The World by Og Mandino
Although first published in 1968, this book is still a bestseller and widely read by entrepreneurs. The book aims to serve as a guide to philosophy of salesmanship, and success through the story of Hafid, a poor camel boy who achieves a life of abundance. The Greatest Salesman In The World is written in the form of ten scrolls.
5) Founders at Work: Stories of Startups’ Early Days by Jessica Livingston
This book is a collection of some really unique interviews done by Jessica Livingston with some of the greatest startup founders in Silicon Valley like Apple, PayPal, TiVo, Yahoo, and TripAdvisor. This book aims to offer wisdom and insights straight from the mouths of some of the most influential entrepreneurs.
Let us know if there are any other books which deserve to be read in 2020.
The Rise Of Gig Economy In India
India is notorious for churning out graduates from colleges at a very high rate and the education system in India is always under fire for not focusing on all round development but on marks and grades, instead. This is a growing concern as there are not enough jobs available to accommodate all the graduates passing out from college. However, the Indian millennial is a smart individual and when put under pressure, a millennial is capable of coming out of it better. So, what did the Indian millennial do when there were less opportunities and did not want to be part of the rat race? They turned to taking up gigs and that spawned an entire economy and industries to flourish.
Gig economy can be defined as a work engagement where on one side, there is a service seeker that is a consumer with a demand for a specific task, and on the other side, there is a service provider that is. a gig worker who can perform that specific task. The gig economy was able to flourish solely because of the advent of digital platforms which were able to connect a service seeker with a provider. More and more Indians are looking to escape from the monotony of a 9 to 5 desk job and instead take up freelance gigs which complement their skills.
In order to put the gig economy into simpler terms, here are some examples. An individual who likes to drive cars would consider working with Uber as a driver partner to earn some extra bucks. An individual who is good at playing the guitar would consider performing in live shows with a band to earn extra money. A person who is good at painting would consider selling their art for extra money. The gig ecosystem offers the millennial an outlet to escape monotony and pursue their passion instead.
The gig economy could only thrive when there are digital platforms which are able to connect the supply with the demand. The digital gig economy generated a gross volume of approximately $ 204 billion from worldwide customers in 2018. India has emerged as the 5th largest country for flexible staffing after the United States of America, China, Brazil and Japan. Haryana, Madhya Pradesh, Andhra Pradesh, Gujarat and Telangana have the most opportunities in terms of growth for the flexible workers.
Gig economy allows task ownership, convenience and flexibility. Based on tastes and preferences, an individual can determine the number and type of projects they can work on, the quantum of their earnings, and thus, their work-life balance. For example, an individual who took on five gigs in one month could take only three gigs the next month to balance life at their regular job.
The gig economy has a disruptive model to connect sellers and buyers for almost all kinds of skills and services. While the size of the gig economy may seem marginal when compared to the traditional economy, it is recognized for its enormous potential with the desire of workers, specially millennials to have a flexible work schedule and the rise in the on demand consumer services. Of In India, almost 70% corporates have already used gig workers for at least one task in 2018.
In India, a platform called Lemonop, is setting an example in the gig economy by providing a platform for students and working professionals to look for gigs of their liking. There are plenty of other platforms like Lemonop which are slowly bridging the gap between talent and job demand.
Mukesh Ambani Enters Top Ten Billionaires List
Mukesh Ambani is the head of India’s biggest Petrochemical and Telecommunications giant Reliance Industries Limited. Mukesh Ambani also achieved a new milestone in his splendid career as he broke out into the World’s Top Ten Richest Billionaires list for the first time in his career.
Mukesh Ambani entered the high profile and exclusive club of billionaires as his net worth jumped to $ 64.5 billion which catapulted him to the exclusive list of the richest billionaires in the world. Mukesh Ambani is now the ninth richest billionaire in the world as he beats Google co founder Larry Page. Mukesh Ambani also holds the distinction of the only Asian tycoon in the exclusive list of World’s Top Ten Billionaires.
Mukesh Ambani is riding on the back of a series of investments into the company’s digital unit, Jio Platforms Ltd., which Reliance claimed made the company net debt free and also proved the COVID-19 pandemic has not affected the fortunes of Reliance Industries.
While a crash in oil prices caused uncertainty in a stake sale of Reliance’s oil and chemicals division, in just two months Jio managed to attract some $ 15 billion which is more than half the investment into telecom companies worldwide this year. A report by popular equity and brokerage firm Sanford C. Bernstein predicted Jio is likely to capture 48% of India’s mobile subscriber market share by 2025.
Mukesh Ambani has an unmatched drive to become the biggest and the best industry leader in India as well as the world. In India, Reliance officially became the biggest petrochemical company last year, when it surpassed government owned Indian Oil Corporation to become the country’s largest company by revenue. Mukesh Ambani said “No power on Earth can stop India from rising higher (sic.)” during Reliance Industries latest Annual General Meeting (AGM.)
- Top 10 Brands Owned By Coca Cola
- 5 Books For Every Entrepreneur In 2020
- Top 10 Highest Paid TikTok Stars In The World
- India’s Reliance JioMeet To Take On Zoom
- TruCup: This Startup Is Fighting The Taboo Of Menstruation With Sustainable Sanitary Products
- Top 10 Richest Women In India
- The Rise Of Gig Economy In India
- Top Ten Brands Owned By Pepsico
- Mukesh Ambani Enters Top Ten Billionaires List
- Amazon To Deliver Liquor Online In West Bengal
- Infosys Considering Permanent Work From Home For 30% Or More Employees
- Target Sets A Benchmark By Raising Minimum Wage
- Google May Have Just Declared War On Video Conferencing Rivals
- Who Are The World’s Richest Women?
- Three Fourth Solutions- How This Digital Media Agency Grew From 3 People To Working With The Biggest Brand Names In The Country
- Top Ten Long Standing Indian Brands
- Namhya Foods: How This Superfood Startup Is Making Healthy Living Fun With Their Products
- Indian Startups Face Their Biggest Challenge As 70% Of Them Have Less Than 3 Months Of Runway Cash
- Five Interesting Facts About Elon Musk’s SpaceX
- Maggi: The Story Of The Simple Noodles Which Became An Iconic Indian Snack