Which Famous Entrepreneur would you like to see profiled? Leave a comment below and we might take you up on your idea!
Thank you to Geoffrey for suggesting that we a profile on Bill Gates. The last profile we did on Bill Gates was back in July of 2008 (Never Stop Learning – Bill Gates) so we’re due for another one!
When Bill Gates was asked by Fortune to explain the astounding success of his brainchild, Microsoft, his immediate response was, “Our vision, which has not changed since the day the company was founded.”
Gates was an astute businessman who, upon recognizing the potentially explosive market for home computers, set out to make his mark in the industry. As teenagers, Gates and Allen decided that the possibility of every household and business to have a computer was both a realistic and a desirable goal, which they could work to achieve. “Microsoft was a dream Paul Allen and I had about what software could become – the idea that you could buy PCs from many different hardware companies and yet they would all run the same software,” says Gates.
Despite the vast implications of their vision – that the entire IT industry would have to be restructured – Gates and Allen did not seemingly know just how much of an impact they were going to have. “Not that we had any clear view that it would ever be a large business, but I had to pay these friends that I had hired,” recalls Gates. But, they fearlessly approached their vision, entering into the unknown.
In the initial days of Microsoft, Gates and his co-workers programmed around the clock in order to meet the challenging deadlines that Gates would set. It was largely due to Gates’ aggression in getting tasks accomplished that allowed the company to grow rapidly. As the company expanded its product line, it all the while remained true to Gates’ original version.
“We always knew that we didn’t want to have a single product that was a dominant product,” says Gates. “We wanted to hire in more software people and have a full product line.” In doing so, Gates was helping to ensure that his vision would be realized. He was keeping Microsoft flexible enough to be able to develop as wide a range of products as possible. “We never saw ourselves as limited…As long as it was software where development talent was the key to doing it well. And that it could be sold in fairly high volumes.”
Vision remains an important part of Gates’ career, which is in no way nearing an end. Reflecting on Microsoft’s achievements of the past thirty years, Gates says, “This is just the beginning.” Predicting a future where computers will be much more involved in educating people, socializing people, enabling people to become politically active and engaged and even changing the way markets are organized, Gates sees his vision for Microsoft playing an even more important role. “The software is going to have to lead the way and provide the kind of ease of use, security, and richness that those applications demand,” he says.
By focusing on software – something that he knew well and he knew there would be a market for – Gates solidified his place as one of, if not the most successful entrepreneur of the 20th century. Though he was venturing into completely un-chartered territories, Gates stayed true to the vision he had as a teenager, creating software that has now become the undisputable industry standard.
Which Famous Entrepreneur would you like to see profiled? Leave a comment below and we might take you up on your idea!
Matthew Toren is an Award Winning Author, Serial Entrepreneur, and Investor. He Co-Founded YoungEntrepreneur.com along with his brother Adam. Matthew is co-author of the newly released book:Small Business, Big Vision: “Lessons on How to Dominate Your Market from Self-Made Entrepreneurs Who Did it Right” and also co-author of Kidpreneurs.
This is great, how a profile on Richard Branson?
Excellent EXCELLENT Article!!! But Could You PLEASE Do A Profile On Joel Comm???? PLEASE!!!! :0)
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[...] Well it goes without saying that Mr BillionaireGates is the world’s richest self-made man. Have you read Outliers? If not, I highly suggest it. It definitely sheds some light on parts of Mr Gate’s story that we aren’t often made aware of. In fact, it talks alot about success in general- from the fields of law, to entreprenuership to even athletics, and helps you understand the mysteries behind why some don’t succeed when it seems everything’s going well for them… and other’s do. What i love about the following article though, is how they breaks down the crux of the Bill Gates success story with the observation that he 1) obsessively clung to his initial vision, and 2) he aggressively made sure his team was getting goals accomplished that set the team up to grow RAPIDLY and for the LONG-TERM! These are major lessons for all of us… enjoy….(click here for entreprenuer profile on Bill Gates) [...]
Good articel. What about an articel about the famous danish entrepreneur: Martin Thorborg?
Thanks for the post. I think vision is the vital for success. A vision then leads to goals, which must be supported by numbers, or they are slogans more or less. Everything comes back to that vision in mind which is the ultimate reward. Channel dedication and passion towards that vision.
I think liquor baron Vijay Mallya from India would be a refreshing spectacle on how entrepreneurs are!
Nice story, I agree that VISION is Key. Everyone needs that person in life that gives it to them straight, but they also need to be able to se it for themselves.
That,s wonderful i admit the key value of the VISION. it gives the idea of passing the life and become more successful in life.
success for Gates is just a walk in the park.
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