Connect with us
SS

Entrepreneur Stories

Larry Page Success Story

Avatar

Published

on

Larry Page Success Story,Startup Stories,Larry Page Lifestyle Story,Google Founder Larry Page,Google Founder Success Story,Google Journey,Larry Page Inspirational Story,2019 Best Motivational Stories,Larry Page Story,Google Founder,Larry Page Latest News


Larry Page and Google are today names which are synonymous with not just success, but with immense success rates. While Page may have pushed Google towards becoming one of the most indisputable search engines in the world, his story started off in quite a different way.

The Beginning

Back in the day, when Page was but a 22 year old man, a sudden idea rendered him sleepless. Realising sleep wasn’t going to be his friend that night, Page spent the entire night studying the different links on the World Wide Web and by the time morning broke, he began to read information in a brand new way. However, even though he had all his eggs in a row, Page was still a novice in the world of inventions. This was when he ran into Sergey Brin, a man he sparred with constantly during the early days of their friendship.

The two grew so close through the years because of their shared ideas, they started working on the multiple links Page had amassed during his sleepless night and finally, Eureka struck! The different links he saw from what he downloaded became the basis for an algorithm, PageRank, which would later be used to create his first search engine, BackRub. However, despite BackRub having a unique concept, the brand name just refused to stick and a few years later, Page renamed BackRub to Google.com in September 1997.

Picture credits: www.google.com

The Google Journey 

The concept of the unique search engine was accepted immediately. Because the platform was becoming such a success, Brin and Page had no option but to spend all their free time on the developing the website. So much so that they even thought of selling the website during its initial phases!

The first version of Google went live in the year 1996 and originally, the website was hosted on a Stanford website, google.stanford.edu. Unfortunately, the initial Google website took so much space, it occupied more than half of Stanford’s bandwidth! Created with Page’s basic knowledge of HTML, the new platform of Google was visually appealing and extremely pleasing. Not only did it make the website really quick, it also helped in making the website extremely user friendly.

This propelled Google to the top instantly and with over 1 billion URLs by the year 2000, Google was quickly becoming the most popular search engine in the world. The biggest power move for Google happened when Google announced its restructuring under a new company called Alphabet Inc. With the number of employees growing at a drastic number, Page thought some restructuring was needed within the team.

Picture credits: www.google.com

However, through all the changes and everything that could have gone wrong, Larry Page and Sergey Brin’s Google is now at the top. Single handedly revolutionizing the way the search engine system worked, Page’s and Brin’s brainchild was all set to bring information to people in the fastest way possible! Furthermore, with the evolution of technology and the increasing presence of digital marketing in everyday, people needed a search engine like Google to help them push forward.

Through the years, Page kept losing the bigger picture of what Google stood for and even with all the things going right for the company, he just wasn’t happy. It was only after he hired a man to take over the role of CEO that Page could finally settle into a role on his own. Today, Google is the most widely used search engine and with all the effort Page and Brin put into the website, the journey is quite a tale.

Loading...
Loading...
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Entrepreneur Stories

Ratan Tata Unknown Facts

Avatar

Published

on

Chairman emeritus of the Tata Group, Ratan Tata is arguably one of the most successful people of India.  During his 21 year career, he transformed Tata Group from a national brand to an international brand with his impeccable business skills.

Here is a list of some lesser known facts about the 81 year old industrialist:

1) Though he was born in an affluent household, Ratan Tata had a troubled childhood. His parents, Naval Hormusji Tata and Sooni Tata, separated when he was just 7 years old.  Post the separation, his brother and he were raised by their grandmother.

2)  Ratan Tata has a degree in architecture from Cornell University and he even pursued an advanced management program from Harvard Business School.

 

3) When Ratan Tata first started his career at Tata Steel, his job was to manage the blast furnace and shovel limestone.  It was only in 1991 he became the Chairperson.

 

Ratan Tata Unknown Facts,Startup Stories,Interesting Facts 2019,Ratan Tata Facts,Ratan Tata Facts 2019,Ratan Tata Interesting Facts,Most Interesting Facts about Ratan Tata,Amazing Facts About Ratan Tata,Most Successful Businessman Ratan Tata,Ratan Tata Success Story

4) Ratan Tata is an avid car lover and does not refrain himself from spending on cars.  His car collection includes Maserati Quattroporte, Chrysler Sebring, Ferrari California, Mercedes Benz S-Class and Jaguar F-Type.

 

5) Not many people know Ratan Tata is a trained pilot.  He owns a pilot’s license and is often seen flying aircrafts owned by the Tata Group.  He was also the first Indian to fly the F-16 Falcon in 2007.

6) In 1999, Ratan Tata and his team went to Ford to sell their emerging car business and were humiliated by Bill Ford who said, “You do not know anything, why did you start the passenger car division at all.”  Nine years later, Ratan Tata got his sweet revenge when he took over Ford’s ace car brands, Jaguar and Land Rover, for half the price.

 

7) Ratan Tata received the third and second highest civilian awards, Padma Bhushan and Padma Vibhushan in 2000 and 2008 respectively.  In 2009, the United Kingdom honoured him with the Honorary Knight Commander of the Order of the British Empire.

8) Ratan Tata is not included in the world’s richest as he owns most of his shares through trusts and foundations.  If all those shares are accounted, his net worth would be $ 72 billion.

 

9) By his own admission, Ratan Tata came close to marriage 4 times in his life, but backed off each time either due to fear or another reason.

10) Ratan Tata donates millions to education every year.  One particular year, he donated $ 50 million to Harvard University and $25 million to Cornell University, especially for the Indian students studying at the two universities.

 

Fighting all the hurdles that came his way, today Ratan Tata is the king of the corporate world.  Thank you, Mr. Tata, for being an inspiration to an entire Nation.

 

Comment below and let us know which of these facts surprised you the most.

Continue Reading

Articles

5 Essential Skills Required To Be A Successful Entrepreneur

Avatar

Published

on

5 Essential Skills to Successful Entrepreneur,Startup Stories,2019 Motivational Stories,Successful Entrepreneur,5 Essential Skills for Every Entrepreneur,inspirational stories of success,5 Essential Leadership Skills for Entrepreneurs,Most Important Business Skills

All the high net worth individuals in the world are where they are because they developed a certain skill set, which in turn helped them to reach their goals.  Mere knowledge of your niche area won’t help you become a successful entrepreneur. While you need patience to run a business, you also need to focus on developing some critical skills which not only help you run your business but also can help you solve any problems that might arise in your entrepreneurial journey.

Here is a list of 5 skills you should start developing if you aspire to become a successful entrepreneur.

 

1) Creativity

As an entrepreneur, you will face new problems every day and for entrepreneurs, creativity isn’t just about coming up with new ideas, it is about being able to adapt to new situations quickly and finding solutions for problems as and when they arise. You will also have to constantly improve and upgrade your products and services to stay alive in the market. Therefore, creativity is the most essential skill an entrepreneur should possess.  

The brand Apple is synonymous with creativity, thanks to the genius Steve Jobs. When the iPhone initially launched, critics came up with a 100 reasons as to why it would fail and it almost did. With his creativity, Steve Jobs kept upgrading the product and today, it is the best selling smartphone in the world.  Steve Jobs’ creativity was the driving force behind Apple’s product design and marketing.

 

2) Communication

Every entrepreneur needs to be an effective communicator. It is essential for entrepreneurs to be able to communicate with employees, customers, investors, peers and mentors. One simply cannot manage a great team or  provide a great customer service if one is not an effective communicator. Irrespective of whether a person runs a startup or a Fortune 500 company, communication is the key skill that he must develop.

Billionaire entrepreneur Richard Branson who himself is a student of communication, calls it “an art”.

 

3) Salesmanship

As an entrepreneur you should be able to sell sand in the desert.

Salesmanship is one such skill without which, it is nearly impossible to succeed as an entrepreneur. The soft skill of sales goes hand- in -hand with communication and is key to run a successful business.  An entrepreneur should be able to sell the business idea to investors, their products and services to customers.

Salesmanship plays a key role in building trust between the company and the customer.

Mark Cuban, an American businessman, investor and the owner of National Basketball Association often emphasises that salesmanship is the skill that made him millions. When asked what he would do if he lost it all, he replied saying that he would pick up a sales job and was pretty sure that this could make him a multi-millionaire again.

 

4) Money Management

If you cannot manage money, you cannot manage a business. Period!

Financial management is the most important responsibility of an entrepreneur, especially in the startup stage. Knowing your cash flow can make planning and budgeting for financial needs easier. This is a key skill to develop if you are aiming to be a successful entrepreneur.

Elon Musk, the 46 year old CEO of SpaceX and Tesla often states that he does not spend his $ 20 billion fortune on lavish vacations or expensive hobbies. Instead, he invests his profits back into his business for its development.

 

5)  Ability to find and manage people

Having great people on your team will make life much easier for you. It gives you access to new strengths while building a company culture of which people would want to be a part.  Hiring the right people is key to building a successful company. Along with hiring the right people, an entrepreneur should be able to manage them efficiently. He should be able to assign the right kind of tasks to people considering their strengths and weaknesses.

The world’s richest man, Jeff Bezos follows a three question method of hiring people for his company.  

  1. Will you admire this person?
  2. Will this person raise the average level of effectiveness of the group they’re entering?
  3. Along what dimension might this person be a superstar?

Only when he is satisfied with these answers, will that person work for him.

Being an entrepreneur is a complicated task and your success as an entrepreneur is the result of the small actions taken over a period of time.

If you notice you are lacking a skill or two, focus on nurturing those skills today so you might be able to enjoy success tomorrow.

Continue Reading

Articles

Reasons Why Businesses Fail

Avatar

Published

on

Reasons Why Businesses Fail,Startup Stories,Latest Business News 2019,Why Businesses Fail,how to avoid business failure,Reasons for Business Failure,top 5 reasons why businesses fail,Reasons Startups failure,types of business failure

According to Bloomberg, 8 out of 10 business fail within the first 18 months of their inception and the sad reality is, almost all the businesses fail because of the entrepreneurs who handle it.  While there are a multitude of conditions which could lead to a business failure, most startups which fail, make similar mistakes.  Here is a list of the top 5 reasons why businesses fail.

 

1) Starting a business for the wrong reasons

Most people start a business with a desire to earn a lot of money.  While this is a benefit successful entrepreneurs achieve after years of hard work, starting a business for money is not the right entrepreneurial mindset.  The driving force for your business should be your passion, not your desire for money. Entrepreneurship requires a lot of dedication, hard work and patience and if you lack passion, you will most likely lose interest in a few years and eventually end up failing.

 

2) Lack of proper planning

Why It Is Important To Have A To Do List,Startup Stories,Most Important To Do List,To Do List,Benefits of To Do List,Advantages of To Do List,Business News,To Do List Importance,Best To Do List,To Do List Techniques

Planning is an important part of running a business.  If you do not work according to a proper plan, your business is most likely to fail.  A good plan consists of definite short term and long term goals and will also define where your company will be in the next few years.  Lack of such proper planning will cause irreparable damage to your business.

 

3) Lack of funds

Learn How To Set Up Startup With No Money,Startup Stories,2018 Latest Business News & Updates,Startup Stories India,Startup Stories Tips 2018,How To Set Up Startup With No Money,How to Start a Business No Money,How to Start Your Own Business Without Money,3 Tips to Set Up Startup Business With No Money

The most common reason why startups fail is the lack of proper funds.  Budding business owners often do not understand money management and are likely to underestimate the amount of money they require to start a business and might even have unrealistic expectations about profits. As a result, the money spent on the business becomes more than the money earned by the business.  This leads to debt and when this debt becomes too much, they are forced to shut it down.

 

4) Lack of value

The heart of any business is the value it creates. The higher your value, the more will be your customer base and the more you will earn.  Your product or service should be more valuable than your competitors’. In other words, your business should be able to offer something new.  If your business lacks value, it is bound to fail.

 

5)  Early expansions

Tips on How To Diversify Your Business,Startup Stories,Startup Stories India,2018 Business News Update,How To Diversify Your Business,Best Five Tips to Diversify Your Business,Diversify Your Business Tips,5 Effective Ways to Diversify Your Business,5 Steps to Diversify Your Small Business,5 Best Tips To Expand Your Business

 

It is rightly said that slow and steady wins the race.  New entrepreneurs are often in a hurry to expand their business to other markets and this is the leading cause for bankruptcy.  Expanding a business is good, but before you enter new markets, make sure you maximise your existing market. If not, you will most likely be forced to close your business due to bankruptcy.

 

As they say, failures are stepping stones to success and as a business owner, the success of a business mostly lies in your hand. If you ever failed trying to run a business, learn from your mistakes and start over again. Most of the billionaires today are people who once failed.

 

Continue Reading