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Bill Gates – Life Lessons

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Bill Gates – Life Lessons,Startup Stories,Business Lessons Entrepreneurs Can Learn From Bill Gates,Lessons of Life from Bill Gates,Success Lessons from Bill Gates,Lessons Learned from Bill Gates


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!

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Ex Facebook Employee Reveals How He Made $ 1 Million In A Year

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Patrick Shyu, a YouTuber who previously worked as a tech lead at Google and software engineer at Facebook, uploaded a video discussing his income after leaving the giant companies.

Shyu, whose channel TechLead has more than 500,000 subscribers, said in the video while others prance around in their business suits, driving Jaguars and acting self important, he made a million just by sitting in his toolshed, sipping coffee.

Shyu was able to generate such a huge amount from two primary sources—YouTube, which Shyu considers his main job and Facebook, which is his “side hustle gig.”  By making YouTube videos, Shyu made over $ 240,000 from ad revenues over a period of 12 months and another $ 260,000 from affiliate sponsorships. While at Facebook, Shyu made a total of $ 500,000 from base pay, bonus and equity, before getting fired.  After adding both the incomes, the total comes to a million dollars a year, Shyu explained in the video.

Even though making a million may sound easy, Patrick Shyu discussed how difficult it is in reality.  Shyu had to work 80 hours a week continuously. This included working from 8 A.M., to midnight every day, including Sundays.  While Shyu urged people not to follow his footsteps, he did acknowledge how beneficial it is to have a second job to boost one’s income.

Patrick Shyu admitted he was able to make more money as a YouTuber than he did working at Google and Facebook.  However, there is a downside to earning such a large amount as one does not have enough time to enjoy the money they are earning.  In Patrick Shyu’s words, he had to sacrifice gaming, movies and spending time with family in order to earn the million dollars. 

 

Earlier, Patrick came into the limelight when he uploaded a video titled Day in the Life of a Facebook Software Engineer.  In the video, Shyu explained the reason behind him getting fired from Facebook was his YouTube channel.  He further explained the Human Resources at Facebook did not like his YouTube channel, resulting in him being fired.  In the same video, Shyu also ridiculed the work culture at the Company.

 

Even with the disadvantage, Shyu put more emphasis on how important establishing a business is.  He concluded the video with the statement that there is always a fear of being replaced when working under someone.  However, working on your own business gives you the freedom of generating as much revenue as you want on your own conditions.

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20 Inspiring Quotes By Young Entrepreneurs

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There is no specific age to become an entrepreneur.  Many successful entrepreneurs started out young and through their hard work and creativity, were able to build a business empire.  Here is a list of inspiring quotes by people who started really young yet became successful beyond their imagination.

Inspiring quotes by young entrepreneurs

1. Victoria Ransom

2. Larry Page

3. Adam Neumann

4. Ben Weissenstein

5. Biz Stone

6. Joanne Malone

7. Jess Lee

8. Sarah Blakely

9. Michelle Zatlyn

10. Jessica Herrin

11. Drew Houston

12. Tony Hisch

13. Pete Lau

14. Deepinder Goyal

15. Jordan Fleigel

16. Michelle Phan

17. Mark Zuckerberg

18. Michael Dunlop

19. Jacob Cass

20. Jack Nickell

 

We hope these quotes by young entrepreneurs inspired you in some way.  Comment below and let us know which of these quotes is your favourite.

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Lessons To Learn From Joanne Malone

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Joanne Lesley Malone is a British entrepreneur and perfumer who founded the famous luxury brand Jo Malone London.  Malone’s entrepreneurial journey is one of the most inspiring ones. She launched her own company at the age of 20 and worked hard to make it a success.  Respected by many, Joanne Malone’s success story is filled with many valuable lessons. Here are some important lessons one can learn from Joanne Malone.

Lessons to learn from Joanne Malone

1) School education doesn’t determine your success

Despite being a successful businessman and a millionaire, Joanne Malone lacks any kind of educational qualification.  During her childhood, Joanne Malone suffered from severe dyslexia and faced many difficulties in school. Her teachers, instead of helping her, would describe her as lazy or stupid.  This prompted her to leave school without completing her education. Even without any qualification, she went on to create Jo Malone, which became a renowned and successful luxury brand.

2) Never settle for anything less than perfect

Joanne Malone named Madame (Countess) Lubatti, a famous skincare specialist in London, as her mentor and shared one of the greatest life lessons she learnt from Madame Lubatti.  Lubatti told Jo Malone to never settle for anything less than perfect. Malone followed this lesson throughout her life. She revealed to create the perfect fragrance for her brand, she creates 100 prototypes first. 

3) Creativity never fails

Even though she doesn’t have an educational qualification, Joanne Malone became a successful entrepreneur.  According to Joanne Malone, her success is all thanks to her creativity. Malone also defines her creativity as her career’s best friend and believes an investment made on creativity will never fail you.  Malone describes creativity as something which adds color to one’s life.

4) Never be afraid to start over

At the peak of her career, Joanne Malone was diagnosed with breast cancer.  This diagnosis led Malone to sell her Company to Estée Lauder.  She remained the creative director of the Company, but left in 2006, a decision she later regretted.  Malone was not allowed to create any new fragrance line of her own for the next 5 years. This did not stop Malone and she went on to launch a new fragrance brand called Jo Loves. 

 

Joanne Malone is a perfect example of how, through creativity and hard work, one can achieve great success.  She is considered an inspiration by many women who dream of launching their own company one day.

 

Which of these lessons from Joanne Malone’s life did you find inspiring?  Comment below and let us know.

 

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