Showing posts with label Successful Stories of Entrepreneurs. Show all posts
Showing posts with label Successful Stories of Entrepreneurs. Show all posts

Wednesday, November 4, 2009

How To Create A Successful Entrepreneur Story Online?

What will make you different? What will give you the edge? How will you succeed when those around you fail? To become a successful entrepreneur you must exhibit exceptional skills and optimism.

These are seven basic steps which will help you to create a successful entrepreneur story:

1. You must have a burning desire to succeed.

Decide how to succeed no matter what it takes and your success is inevitable. You must never give up. If your reason for success is big enough it will drive you forward even when everything seems hopeless and you feel like quitting.

2. A Step by Step Planned Strategy.

As an entrepreneur you must lay down all the steps which you need to accomplish in your successful entrepreneurship journey. You must be particular and clear as to where, by when and how you will complete your tasks.

3. Responding to Any Suggestion.

A customer or a friend might come up with a suggestion which is helpful for your business. Now it is your duty on how you will respond to the given query and in what fashion.

4. Assistance of a Mentor or Guide.

Model the thoughts of your guide or mentor and in turn learn what has made them successful. If you are able to copy successful entrepreneur and do what they have done, you will also be successful.

5. Able to take calculated risk.

The biggest asset of any entrepreneur is his ability to take risk and have full benefit of the oppurtunity which is infront of him. This risk taking ability will actually result in higher profits and better market penetration.

6. You need a system.

All successful businesses use systems that deliver duplicable results. If you get the results you want occasionally but can't duplicate it, you don't have a business. A business must be able to produce the same results over and over, that is what produces continuing profits.

7. You must have a team. Business is a team sport.

If you try to do everything yourself, you will fail. No one is good at everything. Develop the talents and strengths that you have. Spend as much time as possible doing the profit producing tasks you are best at. Find others to do the things that you are not good at, and delegate as much as possible.

Here I end my list of top seven tips for becoming a successful entrepreneur.

Thursday, October 30, 2008

The Birth of Hugh Marston Hefner: Founder Playboy.

At 80 years old, Hugh Hefner has had an impressive career building a multi-million dollar industry and living the life of his dreams, all the while pushing the limits of and revolutionizing the American publishing industry. How did he manage to achieve all this? “You stay in touch with the boy who dreamed impossible dreams,” he says.

Those dreams began on April 9, 1926 when Hugh Hefner was born in Chicago, Illinois to teacher parents Glenn and Grace Hefner. Both conservative Protestants, Hefner grew up in a very traditional household. He recalls of his early years, “I was a very idealistic, very romantic kid in a very typically Midwestern Methodist repressed home.” It was precisely this repression that sparked the creative and rebellious side of Hefner. He notes that there were never any displays of affection between his parents, forcing him to escape to “dreams and fantasies produced, by and large, by the music and the movies of the ‘30s.” 


A student at Sayre Elementary School and later Steinmetz High School in Chicago, Hefner was never more than an average student. Although he had been tested and found to have an extremely high IQ of 152, Hefner was too busily distracted by his extracurricular activities to focus on academics. In addition to being president of the student council, Hefner also founded a school newspaper and created his own comic strip called Hef, which humorously detailed many of the real-life events that Hefner was experiencing in his own school life. 

It was at the age of 16 when the man the world now knows as ‘Hef’ was born. Hefner was in love. “She was working at a drugstore that summer – my summer of ’42,” he recalls. “I would go and pick her up and take her bowling or dancing…that was a very sweet and delicious time for me.” But, Hefner found himself rejected by this girl that he adored. Determined never to know failure again, Hefner reinvented himself from head to toe as ‘Hef’, a charismatic, charming and popular man.

After graduating in 1944, Hefner enlisted in the Army, serving as Infantry Clerk as well as drawing cartoons for various Army newspapers. He was released in 1946 and pursued his bachelor degree at the University of Illinois, where he also spent time drawing cartoons for the Daily Illini and editing the campus humour magazine Shaft. He received his degree after just 2 ½ years and began shopping around his ideas for a cartoon strip. 

Unable to find a buyer, Hefner was forced to take up unrelated jobs at the Chicago Carton Company and the Carson, Pirie, Scott department store. He was unwilling to give up his interest in publishing and finally landed a job as a promotion copywriter at Esquire magazine. It was here where Hefner learned the ins and outs of the publishing business. In what seemed to be a stroke of bad luck for Hefner, Esquire subsequently moved its offices to New York, leaving him unemployed. But, again unwilling to give up, Hefner decided to create his own magazine. Armed with just $8,000, Hefner was about to embark upon an unforgettable career. 

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Sunday, September 21, 2008

The Kellogs Story.

How W.K. Kellogg Got His Start.

If it were not for the ingenuity of W.K. Kellogg, the world today might never know flaked cereal. A master marketer and inventor, Kellogg revolutionized the breakfast food industry when he decided to start his own company and sell toasted corn flakes back in 1906. Today, that same company has grown to include almost 26,000 employees and earns over $11.5 billion in revenue.

Willie Keith Kellogg was born on April 7, 1860 in Battle Creek, Michigan. He was the seventh son of Ann Janette and John Preston Kellogg, a struggling entrepreneur himself, who was trying to support his family by building a broom-manufacturing business. By the time the young Kellogg was 13 years old he had shortened his name to Will and had begun working for his father. He would regularly visit local grocery stores and use his natural salesmanship to sell his father’s brooms. “As a boy, I never learned to play,” he recalled. Eventually, Kellogg would drop out of school to work in the broom business full time. 

Kellogg consumed himself with brooms until 1880, when he left the business to go work with his older brother, Dr. J. H. Kellogg, at the Battle Creek Sanitarium, a local health resort. There, Kellogg took on whatever tasks were required of him, from accountant to handyman. He would run his brother’s book subscription service, as well as manage the Sanitas Food Company. Sanitas arose out of his brother’s attempts to find healthy and nutritious food to serve his guests. He had built a test kitchen at the sanitarium to experiment with a host of new foods. 

Despite having a steady job, Kellogg was unsatisfied with his life. He had gotten married, had four children, and was finding it difficult to support them on his meager salary. The long hours he was working were also taking their toll on him. In an 1884 journal entry, he wrote: “I feel kind of blue. Am afraid that I will always be a poor man the way things look now.” 

Kellogg began spending more and more time in the Sanitas test kitchen. Together with his brother, they began playing with ingredients to create different breakfast products. Finally, Kellogg stumbled upon one that he thought had much promise: toasted wheat flakes. While his brother wanted the flakes to be crushed, Kellogg insisted that they had more potential if served whole. 

Almost immediately, Kellogg became convinced of the opportunity behind the flakes. He saw them as playing a key role in the future growth of cereals and other health foods, an industry Kellogg thought had much potential. 

Through Sanitas, Kellogg and his brother began selling the flakes, relying little on advertising and largely on direct mail campaigns. It saw modest success in its early stages, but Kellogg wanted to expand the business. An increasing number of cereal companies were popping up in Battle Creek and Kellogg wanted to stay ahead of the game. 

Kellogg’s brother, however, resisted the idea. He was happy with the way things were going. With that, Kellogg decided it was time to venture off on his own. 




For more learnings check out:
The Cereal King-Kellogg