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Entrepreneurship Advice From The Best Business Leaders

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The road to success might not be as simple as you think. You go through several hurdles and the path is full of bumpy rides.However, at the end of the day, hard work pays off.
The following words of wisdom from some of the best entrepreneurs are inspiring, motivating and enough to create a zeal in your heart to go on and chase your dreams.

1.Don’t just identify a problem to solve, pick something you truly feel passionate about.

Let us start off with the advice of the very famous Mark Zuckerberg. The man behind the revolutionary social media app, Facebook, says “Don’t set out to build a company, he advised. Rather, “start with the problem that you’re trying to solve in the world.
The best companies that get built are things that are trying to drive some kind of social change, even if it’s just local in one place.”

2. Having a co-founder helps get through the ups and downs of working at a start up.
The Flipkart Co founder Sachin Bansal advised regarding the setting up of a startup.
He said “The biggest advice I have given to entrepreneurs is not to start alone. I always tell them to find a cofounder with whom they have good chemistry and with whom they share similar goals and vision for the venture.”

3. Take Risks even if it risks your life, at the end of the day it will all be worth.
Elon Musk is not your ordinary Billionaire. Unlike most Billionaire’s Musk made billions of dollars multiple times with entirely different businesses. He recommends taking risks when you are still young as obligations only increase over time. With greater risks, such as those needed to carve out a new niche, comes the potential for far greater rewards

4. Be missionaries, not mercenaries.
Jeff Bezos is the founder of the famous E-commerce store Amazon. He is an exponential entrepreneur. He says “I tell people that when we acquire companies, I’m always trying to figure out: Is this person who leads this company a missionary or a mercenary? The missionary is building the product and building the service because they love the customer because they love the product because they love the service. The mercenary is building the product or service so that they can flip the company and make money.
One of the great paradoxes is that the missionaries end up making more money than the mercenaries anyway. So pick something that you are passionate about, that’s my number one piece of advice.

5.Failures help you build character.

Kunal Bahl, CEO of Snapdeal says failures help you build character. He failed numerous times and that arduous journey of failures takes you to a successful destination. So never be afraid of failures as it only makes you stronger and motivates you to move ahead with courage and confidence.

Henceforth, in order to achieve your goals and dreams, you need to keep in mind a few pieces of advice from the best entrepreneurs.

 

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Entrepreneur Stories

SoftBank To Sell Off Entire Stake In Flipkart

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SoftBank Group Corp., a Japanese multinational conglomerate, is in talks to sell off its entire stake in Flipkart. In a recent announcement, SoftBank confirmed that it will sell its stake of 23.6 % in the e tailer giant Flipkart, post the Walmart acquisition.

SoftBank spokesperson stated, SoftBank confirms the sale of its entire stake in Flipkart to Walmart.

The CEO Masayoshi Son, said its investment in the Indian e commerce Flipkart, was worth around $ 4 billion. The SoftBank Vision Fund also invested $ 30 billion in startups, last year. At a recent press conference held in Tokyo, Masayoshi disclosed that SoftBank’s $ 2.5 billion stake in Flipkart which was picked up last year, would be now worth $ 4 billion if it chooses to exit the firm. As the SoftBank’s fund is registered in Jersey, USA, there is no Double Taxation Avoidance Agreement (DTAA) as a buffer. However, SoftBank has now decided to sell the stake and work out the tax issues. SoftBank was earlier in discussions as well in order to stay invested in Flipkart and delay the sale due to tax issues related to short term capital gains.

 

According to a source, Walmart’s price implies Flipkart’s operating losses over the 18 months starting in August would be close to $ 2 billion. The overall hit to Walmart’s earnings from the Flipkart deal, including Flipkart’s losses, will be between $ 2.5 billion and $ 2.7 billion.

In the next coming years, Walmart’s approach toward Flipkart’s financial activities is likely to be determined by its investors in the United States. However, Walmart’s stock fell by 4% on the day it announced the Flipkart acquisition.

The buzz is SoftBank is also looking forward to exploring other avenues since it is not willing to miss out on Indian e commerce industry. Walmart also claims that SoftBank’s decision of selling its stake in Flipkart, will not make a major difference to its future plans for Flipkart.

 

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Amazon India Is Now Worth $ 16 Billion!

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With a lot of mergers and acquisitions taking place in the business world, the United States based technology giant Amazon India, could be valued at $ 16 billion. This makes Amazon India, the second most valued e commerce in India followed by it’s rival, Flipkart. Citi Research revealed a report last week in which it said  Amazon India is expected to reach $ 70 billion in gross merchandise volume (GMV) and $ 11 billion in net sales by 2027.

The acknowledgment took place a week after the international retail giant Walmart, announced that it will acquire Indian e tailer Flipkart, with a 77 % stake. Post the acquisition, India’s largest e tailer Flipkart, now values between $ 20 billion to $ 22 billion.

Jeff Bezos, the Founder of Amazon, dedicated a whopping $ 5 billion for Amazon India services. In a recent shareholder letter, Bezos said the subscription service Prime added more members in India than in any other country previously. Bezos added in the letter that Prime Video is investing in Indian content in a massive manner.

Citi’s senior analyst Mark May and Hao Yan also noted in the report,

We believe that the India ecommerce market will grow at a 21% CAGR over the next ten years to reach a mark of $ 202 Bn, that Amazon could capture 35 % of this market and that the company could generate more than $ 10 Bn in revenue and nearly $ 1.5 Bn in FCF (free cash flow) by 2027.

The present valuation of $ 16 billion makes Amazon worth more than 170 companies in the S&P 500, including Clorox, Macy’s and Tiffany & Co.

According to a report by investment bank Morgan Stanley, Indian e commerce market is ready to fasten at $ 30 billion and is expected to be worth $ 200 billion by the year 2026. With e commerce market in India booming at an amazing pace, Jeff Bezos definitely looks dedicated toward enhancing  Amazon India’s infrastructure and growth by investing majorly in India.

 

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Oracle Unknown Facts

Smruthi Kishore

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Oracle’s ride to success has been fast, quick and inspirational. From being a data programming company to a power player in the cloud computing industry, Oracle has come a long way! While the company works at constantly repositioning itself with new inventions, here are a few facts you did not know about this cloud computing, multi faceted startup!

1. The beginning 

The company was started as a result of an CIA project codenamed Oracle. Larry Ellison liked the name Oracle so much, he stole it after the project was completed! Ironically, Oracle was also the name of ITVs latest service in the 1970s and the 1980s! Unfortunately, the first version of the Oracle failed miserably.

2. The second version was an instant success

With the first version of the software being such a disaster, there were quite a few expectations riding on Ellison and his team. Ellison simply renamed the first version as Oracle Version 2. Written in assembly language for the DEC PDP 11, a mini computer popular at the time with businesses and academia, it contained 128KB of memory.

3. Oracle’s first customer

Oracle’s first customer was Wright Patterson Air Base. According to Oracle, this sale was the first commercial version of relational database software sold on the market. However, it wasn’t until Oracle 7 in 1992 when the company finally managed to pull away from its rivals!

4. Oracle came back from a bust 

The pressure to grow, or at least appear to grow, was too high for Oracle. With so many mini Ellisons running around the place, the company started to fall to pieces. In fact, at one point, the company even thought of firing Ellison. Oops! However, they pulled through and clearly, they are now a force to be reckoned with!

5. Ray Len was Ellison’s key to success! 

Did you know that Larry Ellison would not have become a millionaire if it weren’t for Ray Len? In 1992, structure officially came to be when Len joined Oracle. He was responsible for single handedly creating the founding stone for Oracle 7!

With Oracle on the brink of becoming a truly enormous superpower, it is definitely worth looking into some unknown facts about Oracle. Comment and let us know if we missed out on any facts about Oracle!

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