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Dell And Its Founding Story

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Best Motivational Stories 2018, Best Startups in India 2018, Dell CEO Michael Dell, Dell Founder, Dell Founding Story, Dell Success Story, Dell Technologies History, Establishment of Dell, Featured, Latest Startup News India, Michael Dell Inspiring Story, Michael Dell Success Story, startup stories


Michael Dell, the founder of Dell Inc, had a very inspiring story like all creators! With an avid interest in technology and brands, Dell started tinkering with machines at a very young age. Despite not having a complete and thorough understanding on how they work, Dell still wanted to work with innovative things. Growing up, there were two primary events that made a huge impact on his life.

The first one came from his parents, who taught him that working hard in life did not mean you had to always struggle. It meant you had to keep going through all the obstacles, no matter what. The second was his love for crunching numbers. This came from when Dell was a child and would love looking at the stock market and how the trends change over the years. He loved it so much, he sat for the high school equivalency exam at the age of 8 (so he would help advance his career and get to his goal of becoming a businessman as soon as possible.)

The beginning of Dell 

Working his way through college, Michael Dell scrubbed and cleaned through his early life to create a savings’ nest for himself. Growing up through the PC and Apple boom, Dell bought his first computer at the age of 15, purely to understand how these systems functioned. By the time Dell reached college, he knew he had found his dream: to create computers which were not only sleek design wise, but extraordinary in terms of functionality.

Dell’s college life was made all the more extraordinary because of the PC boom happening at that point. He realised, at that point, no company was directly selling computers to the audience. His first enterprise came to be when he started repairing and making personal computers for the other students in his college. One of the reasons this became such a lucrative idea for him was he would bypass the middleman entirely and create a direct communication path between him and the people interested in buying systems.

What made Dell extremely popular among his fellow college mates was that his focus was not on just selling the systems. He wanted to create the perfect customer support and provide the systems he made, for a reasonable price. Very soon, he had customers not only in college, but also outside college! It was not long before Dell realised he had gotten all he could from University and it was now time to branch out into a new world.

The establishment of Dell as a success

Just as the establishments grew, so did the revenue Dell generated through Dell Inc. When he initially started playing around with the stock market, Dell had the belief that selling personal computer systems to customers was the best way to effectively deal with computing solutions! In the early stages, computers were primarily sold through word of mouth, advertisements and mail orders.

Through the avoidance of the middleman and the reduction of cost through advertisements, Dell saved a lot of money and converted the unused resources into much deserved profits. By 1984, the first year post its formal inception, Dell as a company earned a total revenue of $ 6 million in sales and by the year 2000, Dell was a billionaire! With more than 34 offices in countries all over the world and an employee count of 35,000, Dell’s success story is one that needs to be told not once, but over and again!

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Entrepreneur Stories

Warren Buffett Most Inspiring Quotes

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Warren Buffett Most Inspiring Quotes,Startup Stories,Warren Buffett Quotes,Warren Buffett Motivational Quotes,10 Warren Buffett Quotes,Richest Man in World,10 Most Inspiring Quotes by Warren Buffett,Warren Buffett Latest News,Berkshire Hathaway CEO,Warren Buffett Success Quotes

The fourth richest man in the world, Warren Buffett is one of the greatest businessmen and investors of all time.  Known for succeeding in everything at which he tried his hands, Warren Buffett is an inspiration to many. Here are the 10 most inspiring quotes by the “Oracle of Omaha.”

 

Most inspiring quotes by Warren Buffett

1) About passion

2) About happiness

3) About expectations

4) About success

5) About spending

6) About the important rules of life

 

7) About reputation

 

8) About doing good

 

9) About investment

 

10) About greed and fear

 

From being a paper delivery boy, to becoming one of the richest men in the world, Warren Buffett is an absolutely inspirational figure.

 

Comment below and let us know which of these quotes by Warren Buffett inspired you the most. 

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First Jobs Of Famous Billionaires

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First Jobs of Famous Billionaires,Startup Stories,Famous Billionaires Jobs,Billionaires First Jobs,5 Famous Billionaires First Jobs,Billionaires Success Stories,Billionaires Working First Jobs,Billionaires Jobs,Top Billionaires First Job

The success stories of many billionaires around the world inspire many people of our generation and have, on several occasions, ignited a desire in many to start their own business.  However, many of these successful people began their career by working ordinary jobs. Let’s look at 5 such successful people, who started their career by working some very ordinary jobs.

 

First jobs of famous billionaires

1) Warren Buffett

Warren Buffett is the CEO of Berkshire Hathaway and is often referred to as the “Oracle of Omaha.”  However, this American business magnate started his career by selling Coca-Cola bottles, chewing gum and magazines door-to-door.  At the age of 13, he became a newspaper delivery boy and made $ 175 a month, delivering The Washington Post.  He continued to look for other business ventures and accumulated savings of $ 9,800 by the time he finished college.  Now, with a net worth of $ 82 billion, he is the fourth richest person in the world.

2) Michael Bloomberg 

Michael Bloomberg, who founded the financial, software, data and media company Bloomberg L.P., worked as a parking lot attendant when he was young.  Born to middle class parents, Bloomberg worked in a parking lot to pay his tuition fees in college and went on to graduate from Harvard Business School.  Now a well known philanthropist, Michael Bloomberg is one of the richest people in America, with a net worth of $ 53.5 billion.

3) Oprah Winfrey

Oprah Winfrey is a well known media mogul and entrepreneur, who worked as a grocery store clerk in Nashville to support herself.  She then landed a job in radio at the age of 16 and worked her way to the top, eventually owning her own production company. Now, with a net worth of $ 2.6 billion, she is considered one of the most influential women in the world and is a source of inspiration to many.

4) Li Ka Shing

Li Ka Shing was the former chairperson of CK Hutchison Holdings and CK Asset Holdings and is one of the most influential entrepreneurs in Asia.  Coming from a poor family, he started his career as an apprentice at a watch strap factory when he was 13 years old and at the age of 19, became the general manager of the factory.  He later started his own plastic manufacturing company and used the profits from the company to invest in real estate. Li slowly worked his way up the ladder of success and is now one of the richest people in Hong Kong, with a net worth of $ 27.1 billion. 

5) Mark Cuban

Mark Cuban is an American Shark Tank investor, co founder of Broadcast.com and owner of the American basketball team Dallas Mavericks.  Cuban began working at the age of 12 as a door to door garbage bag salesman. After graduating college, he worked as a bartender and then as a salesman for a software company.  He started his own company, Broadcast.com, after getting fired from his job and now has a net worth of $ 4.1 billion.

 

It is true, starting at the bottom does not guarantee success.  However, if you find your passion and work hard towards it, nothing is impossible, as the aforementioned individuals proved.

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JRD Tata Unknown Facts

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Tata Group, which began in 1868, has had six chairmen until now.  Among the six men who served this renowned business group, there was one exceptional man who served as its chairman for 50 whole years and took the Company to great heights.  Yes, the man we are talking about is none other than Jehangir Ratanji Dadabhoy Tata, or JRD Tata.  

From starting India’s first ever international airline, to giving the Country one of its largest cosmetic brands (Lakmé,) this gentleman has done it all.  JRD Tata also strived his best to improve India’s economy on the whole. Here are some unknown facts about this exemplary industrialist. 

 

Unknown facts about JRD Tata

 

1) JRD Tata was born on 29th July, 1904 in Paris and had a French citizenship for a long time.  He even served as a part of the French Army for one year. 

2) In 1925, he entered the Tata Group as an unpaid apprentice. 

3) JRD Tata was always keen on flying and became India’s first licensed pilot in 1929.  

4) In 1929, JRD Tata also renounced his French citizenship and took up Indian citizenship. 

5) In 1934, JRD Tata was elected as the Chairman of the Tata Group.  He was only 30 years when he was elected for this position, making him the youngest person to head the Group. 

6) When he was appointed as the Chairman, the Tata Group had 14 companies under it.  JRD Tata expanded it to an empire of 95 companies in a span of 50 years. Some of the most renowned companies established by JRD Tata during his tenure as the Chairman include Tata Motors (1945,) Lakmé (1952,) Tata Tea Limited (1964,) Tata Consultancy Services (1968) and Titan Industries Limited (1987.) 

7) JRD Tata was the person who launched Air India International, India’s first ever international airline.  For this reason, he is also known as the ‘father of Indian aviation.’ 

8) JRD Tata was the man who initiated the ‘employee welfare schemes’ in India.  He is responsible for the 8 hour work day, free medical aid and the employee provident fund.  These principles were later adopted by the Indian Government. 

9) It is no surprise this man received several awards during his lifetime.  His awards include the Padma Vibhushan (1957) and the Bharat Ratna, India’s highest civilian award (1992.)

10) When JRD Tata died in November 1993, the Indian Parliament was adjourned in his honour. 

Which of these facts about JRD Tata surprised you the most?  Comment below and let us know. 

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