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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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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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