The Early Failures of Famous Entrepreneurs (And What They Learned) http://grasshoppergroup.com/the- archean-failures-of-famous-entrepreneurs-and-what-they-learned/ When we think about the dead on target legends of the business world, its easy to put them on pedestals. Surely, we allege ourselves, the people who produce multi-billion dollar fortunes are a polar breed than the rest of us. And seldom (if ever) do we picture them impuissance at anything. Yet when you look back on the real-life histories of iconic entrepreneurs, there is plenty of failure to go around. In fact, these early setbacks were often instrumental in shaping the careers of these storied figures. news report Gates & Traf-O-Data The Failure: Bill Gates will forever and a day be remembered for starting Microsoft, but this was actually not his outgrowth business venture. Prior to founding the software giant keister Windows, Gates headed up a company called Traf-O-Data. Its objective? As StartupGallery.org explains, Gates and his partners wanted to build a computerized machine for bear on paper tapes from traffic counters, those black hoses most of us bring on driven over on roads throughout the get together States. They then planned to sell this computerized data to state and local anesthetic governments, but failed because the product was unacceptably buggy.
The Lesson: If anything was learned from Traf-O-Data, its that the initiative idea an entrepreneur has is rarely the best. Today, the only reason we deal about this company at all is because Gates and capital of Minnesota Allen started it. Fortunately for them, they were not discouraged by Traf-O-Datas blockage and went on to found one of the most successful companies in business history. Akio Morita & Rice Cookers The Failure: Today, you know Sony as a digital electronics powerhouse. But the company was considerably low-tech in the early days, as shown by founder Akio Moritas denudate into selling rice cookers. The problem, as SonyInsider.com explains, is that the rice cooker basically fire more rice... If you want to get a full essay, tramp it on our website: Orderessay
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