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Entrepreneurs Who Did Not Succeed Till 30!

Smruthi Kishore

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People do not have to start out young to become successful. While there are entrepreneurs like Mark Zuckerberg who stuck to this philosophy, there are others who proved to us time and again that age is just a number. Here are some creators who tasted success only after 30!

1. Jack Dorsey: Twitter 

Most of us would like to believe Jack Dorsey has always been extremely sophisticated. However, up until his late 20s, he was quite different. Did you know he was a serious punk skater in his early days? The idea of Twitter came to him when he was 30 and the rest is history.

2. Ray Kroc: McDonald’s 

After selling milkshake machines to the Mcdonald brothers in CA, Ray Kroc persuaded the brothers to sell him a franchise of the business. He eventually went on to purchase it. Ray was 30 years old at the time.

3. Robert Noyce: Intel 

Robert Noyce graduated from MIT in the year 1953 and worked in various seminal ventures for a while after he graduated. He struck gold by starting Intel with Gordon Moore only in the year 1968, a good fifteen years after graduation.

4. Jan Koum: WhatsApp 

Did you know that before starting WhatsApp, one of the most widely used instant messaging service in the world, Jan Koum applied for a job at Facebook? He was rejected! After leaving school, he landed a gig at Yahoo where he met Brian Acton, his co founder. After nine years at Yahoo, Koum applied to work at Facebook and was famously rejected, which I find pretty hilarious.

5. Jack Ma: Alibaba 

Alibaba founder, Jack Ma, hasn’t written a single line of code in his life and didn’t use a computer till he was into his 30s. At 35, he founded Alibaba. Like Amazon, Alibaba didn’t make any profit in its first three years, but we know how the story ended.

6. Peter Theil: PayPal 

Peter Theil, one of the most successful tech entrepreneurs, almost went to law school! Before he founded PayPal, Theil was just another lawyer. Within seven months, he left and founded PayPal three years later. Four years later, eBay acquired PayPal for $ 1.5 billion. Now, PayPal’s net worth stands at roughly $ 50 million!

7. Henry Ford: Ford Motor Company 

Before starting Ford at the age of 40, Henry Ford’s perfectionism led to failure as he missed deadlines on making his prototypes. Before becoming the success he is today, Ford started two companies which went bankrupt right after they were founded. It was only after two rounds of failures that Ford finally succeeded!

8. Chaleo Yoovidhya: Red Bull 

Born into a poor family, Chaleo eventually moved to Bangkok to start his own company. It was only after he met Austrian entrepreneur Dietrich Mateschitz, that he decided to market his tonic drink, Red Bull, internationally. Now, this drink is one of the most popular drinks world over. He was over 60 years old at the time.

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How To

How To Build Trust With Clients

Smruthi Kishore

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For new businesses to grow and have their marks felt, the most important factor is trust. When you are working at a company, your reputation is everything and when that does not work the way you want, things can get messy. With your entire future at stake, building and establishing your trust factor is definitely the most important thing. Here’s how you can get people to not only take you seriously, but also believe in what you have to offer to the world.

1. Show your clients your human side

More often than not, one of the biggest mistakes a company makes is the way you approach your clients. Have a human touch to your messages and make sure people understand what you are saying.

2. Show your clients you trust them as well

One of the primary things to learn about trust is, it has to be earned. You need to let the other person know you trust them as well and that can only be done if you put everything about you as a company on the table. It is also important to know that your clients are not stupid. They know what they are doing and saying, so make sure you give them the benefit of doubt in these cases.

3. Stick to your commitments

The moment your clients realise you are a company which sticks to your word, trust is not far off. If you can’t keep to your commitment, then explain the situation and let your client know why something didn’t happen as planned. The more you give your client an insight into your ways of working, the more validation you get from the client. Always a good rule of thumb for building trust!

4. Display competence

When you show your clients you are in the business for the long run, one of the key ways to do that is by displaying competence. Know what you are talking about and when you don’t, understand the situation and get complete clarity on what is happening. Make sure you are completely honest about what you are saying because while people can understand lack of knowledge, a lie is harder to forgive.

5. Value feedback

While you may know what you are saying and doing as a company, it is important to understand the other person is only saying what they are because they have constructive feedback. The feedback may be obtained in the form of a quick survey or through pointers received from the client. Take what makes sense to your business and let your client know you appreciate what they have to say in a manner which does not come off as defensive.

6. Create an experience

Treat your clients in a way which lets them know they have your complete attention. Always remember the saying, “Marketers don’t make the brand, people do.” Make every interaction with your client memorable, in a manner that ensures longevity in memory!

While building your company in itself is a hard task, establishing trust is harder. If you think there other ways you can build trust between you and your clients, comment and let us know!

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Technological Trends To Look Out For In 2019

Smruthi Kishore

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The growing presence of the digital world is impacting not just our lives, but also the major trends in the world. While this past year saw an evolving of artificial intelligence and robotics, the coming year is going to see the presence of brand new trends not just on the digital front, but on the technological side of the world as well.

1. Edge Computing

What started off as cloud computing has now given way to something really exciting in the form of edge computing. Edge computing is here to help solve all the glitches that cloud computing initially had. With faster processing, edge computing can be used in time sensitive situations, with no particular necessity of being connected to a centralized connection. Furthermore, with the increase in the number of devices connected to the Internet of Things, edge computing will have a stronger presence in the world.

2. Artificial and Machine Learning

Artificial learning and machine learning, while a strong part of this year, will be quite worth the watch even in 2019. Although AI has been around since 1956, the last year saw an increase in the number of people around the world connected to devices through AI. Through the increasing usage of AI, technology and digitization evolved to give way to machine learning. Apart from reducing the amount of time spent on work, machine learning is going to be one of the most sought after jobs in 2019!

3. Digital Twins

A digital representation that replicates real life objects, processes or systems, digital twins can be linked to create twins of larger systems such as power plants, or even an entire city. While the concept of digital twins has been around for a some time now, the year 2019 is going to see a stronger, especially with the increasing usage of the Internet of Things. One of the major technological trends in the coming year, Digital twins are going to help in reducing the amount time spent on getting the work done.

4. Blockchain

A system that allows companies to simplify the process of online transactions with one another without relying on a centralized third party, blockchain is a trend that has quickly picked up in the last year and is going to be one of the forebearers of the change in technology in 2019. Drastically cutting down the amount of time and friction between transactions, the coming year is going to see blockchain being used in various fields like administration, healthcare and manufacturing.

5. Smart Spaces

Designed to give humans and technological systems the chance to interact with one another in open, connected, coordinated and intelligent ecosystems, smart spaces are going to be one of the major breakthroughs in 2019. With technology playing such a massive role in everyday life, smart spaces are going to help in reducing the amount of time which goes into getting the final deliverables out, thereby increasing the time spent on perfecting the already existing processes. With smart spaces, there will be an evolution in technology with a focus on multiple areas like healthcare and real estate!

With this year already seeing a growth of technology toward a different direction, the coming year looks quite exciting. What other trends do you think are going to be there in 2019? Comment and let us know!

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How To

Signs Which Show You Are Meant To Be An Entrepreneur

Smruthi Kishore

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Have you ever had that itch, when you worked at the same place for a long time and realised you just are not meant to work for someone else? Have you ever had that feeling where you are never satisfied with what you do, no matter how interesting your job profile may be? Then you probably aren’t cut out to be a part of the corporate world. While most people don’t think they can branch out on their own and become an entrepreneur, if you have these signs, then this is the role for which you have been looking!

1. You like taking risks

Were you the first one to jump into things everyone was scared of doing when you were a kid? Were you always known for walking down the longer and scarier route instead of taking the easiest road out? Then these are all clear signs of you being a risk taker! One of the key features of being an entrepreneur is to be able to take calculated risks and if you were able to do this all your life, then the stars are clearly aligned in your favour.

2. You never felt like you belong

More than half the entrepreneurs in the world never felt like they fit in the normal ways of life. If you think the 9 to 5 schedule is not meant for you and you were never able to stick to a pattern, then the corporate life isn’t meant for you.

3. You want to keep learning

One of the major traits entrepreneurs have is a love for learning. Everything is new and everything is exciting. There is no dearth of knowledge in the world and when you think there’s a new subject, the learning is always better and more exciting.

4. You like walking on the path not known

The ability of being able to think outside the box is what sets entrepreneurs and businessmen apart from each other. While most entrepreneurs have the urge to move beyond the conventional path of what is already there, it is the entrepreneurs who work toward creating their own boxes. If you were never okay with being ordinary and common, then the entrepreneur life is for you.

5. Competition is your middle name

Have you ever had the urge to always be better than everyone around you? Were you never satisfied with standing second on the list? Then you are a truly competitive person and you like coming out first, always! Having a competitive streak is one of the most important traits possessed by an entrepreneur and if you fit under this category, you know what your end goal should be!

6. Your eyes are set on the bigger picture

If you were never bogged down by the inconsequential things in life, then you know you have your eyes set on the bigger things in life. You have a vision and your mission in place and when you work to make your dream come true, you know you have your eyes set on a future which is far from what meets the eyes.

When you are an entrepreneur, you don’t just wake up one day and realise you want to branch out on your own. There is always an urge and a push which makes you want to do something bigger in life. If you think we missed out on any other characteristics, comment and let us know!

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