Two Successful Business People Who Inspire Me
Two Successful Business People Who Inspire Me Success is something that we all aspire to. We cannot feel genuinely happy for long if we felt like a failure within. The most encouraging reality about success is that it is attainable to all irrespective of who we are what we are or where we are. Success also has a different meaning for each one of us. Success being a personal realization should logically be achievable by all, but we know that this is not really so. Most of us are unable to accomplish what we really want to do or what we really work for.
When we struggle for success and do not achieve it. We become frustrated and this leads us further from our goal. This is what has inspired me to study and write about this complex subject. Achieving success is right and can realize it with the ease it provides you to go about the right way, you just have to know the rules and apply them in your life. Bill Gates was born on Oct 28th, 1955 and he is an American business magnate, philanthropist and chairman of Microsoft. The software company he founded with Paul Allen. He is consistently ranked among the world’s wealthiest people.
During his career at Microsoft. Gates held the position of CEO and chief software architect and remains the largest individual shareholder. He has also authored or co- authored several books. Gates is one of the best- know entrepreneurs of the personal computer revolution. In the later stages of his career. Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill and Melinda Gates Foundation in 2000. At Harvard, he met Paul Allen, who became Gates’ close friend.
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They got obsessed with the computers that they were late for some of their classes. They even skipper some classes to be in the computer lab. Unfortunately, their computer time finishes after spring. However, they did not graduate in the Harvard. Allen and Gates had to leave to devote their energy full-time and thriving company. They had a belief that the personal computer would be a valuable tool on every office desktop in every home. Gates and Allen began developing software for personal computers. They collaborated together to make the language BASIC in the first Microcomputer, and in 1975, they started the Microsoft Company.
Warren Buffet is the world’s most successful investor and self-made billionaire. He is consistently ranked among the world’s Top 3 wealthiest people. Buffet runs and owns about 31% of Berkshire Hathway, a 136 billion investment company that has substantial stakes in Coca Cola, Wells Fargo and American Express. A 1 dollar investment in Berkshire in 1965 would bring about 5000 dollars in 2005. Since 1951, Buffet has generated an average annual return of about 31%. The average annual return of the Standard Poor’s 500 stock over that period is 11%.
Warren Buffet was once asked what is the most important thing he looks for when evaluating a company to invest in, without hesitation he replied “sustainable competitive advantage. ” Indeed, while business valuation matters. “it is the future growth and prosperity of the company underlying a stock, not it is a current price, that is most important. A company’s prosperity in turn is driven by how powerful and enduring it is competitive advantage are. Sustainable competitive advantage and marked category leadership give a company the edge that keeps competitors at bay and reap extraordinary growth and profits.
Warren Buffet seeks to identify rare companies with strong competitive advantage that has a potential to grow even stronger over time, when a company is able to achieve this, it is investors can be rewarded to decades. Obviously, we can draw the conclusion that both of buffet and Gates influence to me is far from my imagination. Beside stocks, ideas, and investment, I learn many aspects from them, their team spirit and their friendship with partner. I hope there will be more and more people like them, who are not only successful, but also influencing other people.
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