10 LESSONS FROM BILL GATES FOR ANY BUSINESS
10 LESSONS FROM BILL GATES FOR ANY BUSINESS
One of the most well-known individuals in the field of computers, Bill Gates or William Henry Gates III is a name that we usually come across when it comes to the growth and spread of the computer to the everyday household. Gates is the owner of Microsoft that happens to be a world leader in terms of the computer software market. No wonder that Gates has held a consistent rank in the Forbes List of the wealthiest people. Along with that, Gates has been a successful investor and philanthropist, owing to his knowledge of computers that he invested in and came out as a successful entrepreneur.
His life and decisions have been an inspiration to many budding and successful innovators and entrepreneurs across the world. Hence, we bring you a few selected quotes to motivate you for your best moves.
"Success is a lousy teacher. It seduces smart people into thinking they can't lose."
Gates speaks about consistency, being the key to maintaining a successful person. Deviation from your intent can lead to devastation as Success is just a part of achieving but maintaining it is the key. "Change is the only constant", and being adaptive to it will help one in being consistent even in tough times.
"Your most unhappy customers are your greatest source of learning."
The focus here is being made on the importance of feedback of everyone from employees to customers. Positive feedback brings goodwill, but negative feedback over a product by several customers means that there is a need to bring in a new revolution or upgrade in the product or service.
"Don't compare yourself with anyone in the world. If you do so, you're insulting yourself"
Here, the uniqueness of a brand or product or a company as a whole is being brought into focus. Uniqueness brings the company higher than the already stagnated and saturated markets that generate a sense of newness and an eagerness in the customers to try out different things. It helps bring forth the entrepreneurial skills of the organization and gain an eminent stance.
"Life is not fair, get used to it."
Life is full of rough and smooth patches, which need to be taken as a learning experience by everyone. If you are going through a soft phase in life, then it either means that one is not doing much in their life or they have done enough to reach the smooth stage. While the former is a preferable option, it needs to be a growth curve from nothingness to satisfaction. The steeper the learning curve, faster is the way to Success.
"Be nice to nerds. The chances are that you'll end up working for one."
One should never underestimate bad or underdeveloped ideas. Improvisation and consistency can prove great ways if the concept provides the solution to a need that must be fulfilled. And then one might have to work under them in the hope of better job satisfaction or pay.
"Patience is the key element for success."
Patience and an optimistic mind can work great miles towards a successful goal. Patience brings the ability to be an opportunist when there are scarcely any. Patience also helps develop an eagerness and anxiety that can drive one towards their goals faster and in a very well planned manner.
"To win big, you sometimes have to take big risks."
Risks are the way towards grandeur. Most people on earth take a safe way out into the mundane lifestyle by playing their chances safe. The ones who take risks jump into the unknown. A calculated jump will make it to the top, but an uncertain risk can lead to losses if not thought well about. But if dangers are not taken, then the path of living unchallenged to the top remains lost into the wilderness.
"I choose a lazy person to do a hard job. Because a lazy person will find an easy way to do it."
Laze in anyone can be a constructive trait. It comes from the fact that lazy people are aware of their abilities and know when and where to apply their skills to get the best out of their abilities. Employing such people not only leads to reduced times to achieve goals but also brings forward innovative methods to do specific tasks.
"If you think your teacher is tough, wait till you get a boss."
Here we understand the fact that the worst isn't here yet. One can always be prepared for a certain level of tasks. However, when it gets to an upgrade or getting better with your position at an institution, there is still an increased burden of work and deadlines and uncertainty that can only be brought forward to you by the leader.
"It's fine to celebrate success, but it is more important to heed the lessons of failure."
Success needs to be celebrated, but one must never forget the path and steps and failures taken to reach there. If not taken care, then the failures may strike back and hit with a setback that may cause unprecedented damage.
Bill Gates believes in consistency over luck. A long and eventful journey needs to be traversed paving the way from the failures to Success. Also, a great deal of efforts needs to be taken for maintaining Success by being adaptive and keeping updated with time. Intent and pragmatic approach with a focus on goals and all packaged with extreme dedication is what's needed to have a successful business.