No one ever said it was easy being an entrepreneur. Whether you're in the early stages of your statrup, just secured funding for your startup or you are ready for product launch, there will always be those three components when you ask yourself if this whole entrepreneur thing is worth it. Instead of giving up and throwing-in the proverbial white towel, this forum will help in giving you all the motivation you need to achieve your result.
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Travis Kalanick (Uber) resigns but still an Icon in the world of Entrepreneurship
Who doesn’t know Uber? Uber became an instant hit from
its very inception and the model has spread to many locations around the world.
And the man behind Uber is the young entrepreneur Travis Kalanick.
But once you take money from an investor, you cede some element of control. Travis Kalanick
found that out over the past few weeks. He resigned as
CEO of Uber Tuesday night, after
being pressured by his board, which is made up primarily of his investors,
including First Round Capital, Benchmark Capital, Lowercase Capital, Menlo
Ventures, and Fidelity.
We can all imagine
the pressure mounting, as allegations of sexual harassment from
key executives became public, with added reports of a cutthroat culture that
encourages sub-optimal behavior, and let’s not forget that the company
continues to lose a ton of money every month.
look around and ask any Uber driver this simple question, "What do you
think about Uber and its policies, attitudes, and public image?"
Yesterday, I asked my Uber driver why he had both an Uber tag and a Lyft tag.
His answer surprised me: "I see the number of passengers dropping for Uber
and rising for Lyft." This was not the first time I had heard this.
Therein lies the issue at hand; people are voting with their apps.
see the board has one responsibility and that is to the shareholders. Their job
is to do what is best for the company and not for Kalanick and his brilliance
or vision. I am sure some issues have been blown out of proportion and I am
sure some issues are actually bigger than we know.
But despite his resignation, there are lots of things we can learn from Travis Kalanick and the height
of success he has taken Uber to.
1. Learn from Your Mistakes
One of the major reasons
why many businesses around us fail, especially start-ups, is because they get
demotivated by failure and give up. But it is important to keep in mind that
failure is also a part of life and for any business to be successful, one must
learn from their mistakes and move forward. Don’t let your mistakes hold you
back or deter you.
If you want
to make your business a success, give options to people that solve their
problems. Uber was started because there was a lack of cabs in Paris and that
is how the idea came to Mr. Travis and he turned it into a success. If you
strive to solve problems and make it easy for your customers, you are sure to
attain success. Customers are loyal to convenience and price. Give it to them.
3.Gravity of Problem
It is important to
determine how hard is the problem for which you are trying to provide a
solution. The greater the degree of the problem, the easier it becomes to be
successful if you are able to provide an effective solution, keeping consumers
4.Give People Magic
There are a lot of
start-ups and business ideas that come into place and vanish as quickly. What
customers are looking for is creativity and innovation. Do something which
people did not imagine of. Get them talking about you and your magical ideas.
People talking and getting inspiration from you is one sure shot sign of your
success. Ideas which help them earn money, save money, or give them
value for money is what customers are looking for.
Nothing comes easy in life
and there is no guarantee of success. In the end, it is all about how much you believe in yourself, your
ideas, and the risk you took. It's gain for some and loss for some. But unless
you don’t take that risk, you won’t know what’s in store for you. Believe in
your idea and do whatever it takes to make it a success.
These days, with a lot of start-ups
becoming successful, it is important that you take inspiration from them and achieve your goals. One
of the many factors for any business venture to be successful is the passion
that one holds for it. If you set up a business which you are passionate about,
no matter what scale you start at, you are sure to reach heights of success, as
your passion will be your driving force. Any business that is successful is a result
of the passion for it. At Investodia we wish you nothing but success. Please drop
your comment and share if you found this useful. Thank you.
Twenty percent of small businesses fail within their first year. Entrepreneurship is no walk in the park. In fact, the amount of new businesses that fail exceed the number that succeed. That’s why it’s more important than ever to create a unique product or service that helps you stand out from the rest.
However, don’t be discouraged. If you believe in your business, passion will prevail. On average, 75 percent of small-business owners are confident in their company. And why shouldn’t they be? They’ve turned their passion into profit. Yet, keep in mind it’s important not to be overly confident. Instead, take things one step at a time. Typically, 20 percent of small businesses fail in their first year, 50 percent in their fifth year and 70 percent after a decade of being in business.
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Mark Elliot Zuckerberg is an American computer
programmer and Internet entrepreneur. He is a co-founder of Facebook, and is currently its chairman and chief
executive officer. Zuckerberg
launched Facebook from his Harvard
University dormitory room on February 4, 2004 with college
roommates and fellow Harvard students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The group then introduced Facebook to other college
campuses. Facebook expanded rapidly, reaching one billion users by 2012. During
this time, Zuckerberg became involved in various legal disputes brought by his
friends and cofounders, who claimed they were due a share of the company based
upon their involvement during its development phase. Early
Life Mark Elliot Zuckerberg was born on May 14, 1984, and
grew up in the suburbs of New York, Dobbs Ferry. He was the second of four
children and the only son in the educated family. Mark’s father, Edward
Zuckerberg, is a dentist and mother, Karen Zuckerberg, is …
Étienne Arnault was born on the 5th of March 1949. He is a
French business magnate, an investor, and an art collector. Arnault is
the chairman and Chief Executive Officer (CEO) of LVMH, the world's largest
luxury-goods company. He is the richest person in France and the fourth richest
person in the world according to Forbes magazine,
with a net worth of $75.5 billion, as of March 2018. EARLY LIFE After graduation, Arnault joined his father's company,
in 1971. In 1976, he convinced his father to liquidate the construction
division of the company for 40 million French francs and to change the focus of the company to real estate.
Using the name Férinel, the new company developed a specialty in holiday
accommodation. Named the Director of Company Development in 1974, he
became the CEO in 1977. In 1979, he succeeded his father as president of the
company. CAREER In 1984, with the help of Antoine Bernheim, a senior
partner of Lazard Frères, Arnault acquired the Financière A…
Gates is an American business magnate, who co-founded Microsoft, the world’s
largest personal computer software company. He consistently rank in the top
list of the world wealthiest people, he is one of the world best known
entrepreneur of the personal computer revolution. He is also the world most
generous philanthropist, who has donated over $28 billion to charity. Here are
his top 10 rules for success. 1.Have
you are going to start a company you need so much energy that you use to
overcome your feeling of risk. At the beginning it’s going to look so scary
especially given that you don’t have any experience as in the case for most
startups, you are going to make a lot of mistakes but if you have so much
energy rushing through you, you will be able to overcome your mistakes and that
of your team, you will also be able to guide your team into achieving the
desired result because energy is contagious. 2. Have
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We were just about to start our meeting on what next to post when one of our colleague came in with Forefront magazine and showed us this very inspiring story about overcoming problems in life. Here is the content of the story.
As hard as it may be, more problems might actually mean a
closer window of opportunity. There is a saying that every single thing happens
for a reason and whatever does not kill us makes us stronger. A story by Alijo Sylvester.
The story goes like this: A young woman went to meet her mom to tell her about her life
and how things are so hard for her. She was about giving up and had no idea how
she was going to make it. She was fed up of fighting and struggling. She complained
of how after a problem, straight comes another one. Her mom called her to the kitchen. She filled three pots with
water and put them on fire. The first pot, she placed carrot, the second she
placed egg and the third she placed ground coffee bean. She let them boil without saying a word. In abou…