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Warren Buffett Life And Lessons 

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The world’s second richest person and one of the most successful entrepreneurs in the world, Warren Buffett, has been a source of inspiration for entrepreneurs and venture capitalist everywhere. With a net worth of more than $90 billion, Warren Buffett is also known as the investment guru who still rides the same gold Cadillac to work every day, eats the same meal and takes every opportunity to offer his wisdom to others. The Oracle of Omaha, the Maestro of Wall Street and the Chairman and Founder of Berkshire Hathaway, Warren Buffett is a gentleman of ideas with a splendid personality. Here are a few life lessons from the greatest investment wizard of the century. It’s not enough to surround yourself with people working in the same industry or market. Surround yourself with those people who will help you become a better person and a great entrepreneur. While money can buy you almost everything, it can not buy people who will love your or good health. Build relationships and health, not just a bank balance. The only way to make sure you are growing and learning every day is by keeping up the practice of reading. There is no substitute for knowledge at the end of the day. Buffett is known for backing an idea and not the people behind the idea. He has also added that he would rather buy a wonderful company at a fair price than buy a fair company at a wonderful price. Market your company to get the best value for the best price possible. If you can provide a valuable product, customers will remain loyal to your company for a longer period of time. Learn from your mistakes. See what you did previously and how those decisions affected your business. Never repeat the same mistakes again and keep your rear view mirror clean at all times. Never lose sight of your dreams, Have complete faith in your ability to achieve your dreams despite what happens and work hard to achieve your goals. Once you have started your journey, nobody can stop you from reaching your destination. Everyone has role models that they look up to in life. However, having the right role models is much more important than just having someone to look up to or admire. You do not have to be the smartest entrepreneur or the smartest person in the room. You can run a successful company if you avoid simple mistakes and make the right decisions for yourself and your company at the right time. All it takes are a few right decisions. Save money where you can and keep a track of your expenses. Do not be in a hurry to buy things that are not essential and you can live without. Resist the urge to buy everything that is trending today. Warren Buffett is proof that everything is achievable in life as long as you are persistent, keep the right company and keep up your good work. Buffett has always shown fortitude in the face of adversity and believes in doing what is right regardless of the upheavals in the business world. In the end, he believes life is too short and therefore we should all spend our time and effort on work we love. Watch this motivational speech by the Oracle of Omaha, Warren Buffett.

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Entrepreneur Stories

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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