December 4, 2018 at 1:16 am #1024
Posted by Annie Pilon on smallbiztrends.com
(Annie is a freelance writer specializing in marketing, social media and creative subjects. She has a bachelor’s degree from Columbia University Chicago in the Journalism and Media Marketing. have a passion for small business and entrepreneurial spirit)
Failure is part of the business. Few entrepreneurs have ever achieved great success without some major setbacks. Whether they are running a startup business, fired from a job or even go to jail, many very successful entrepreneurs have seen great failures before fulfilling their dreams.
So, if you’ve ever felt tired or threatened by the thought of failure, just look at the failed businessmen before making it grow.
1. Evan Williams – Twitter
Prior to co-founder Twitter, Williams (pictured above) developed a podcast platform called Odeo. But this platform did not take off, in part because Apple released the iTunes store podcast shortly after the company debuted. It is folded right after that.
2. Reid Hoffman – LinkedIn
Before LinkedIn co-founder and investor in big names like PayPal and Airbnb, Hoffman created SocialNet, a social networking and online dating site that ultimately failed.
3. Sir James Dyson
Dyson is not always famous for vacuum cleaners. In fact, it took Sir James Dyson 15 years and all his savings to develop a prototype vacuum cleaner with no work bag. He has developed 5,126 unsuccessful prototypes to find a sample.
4. Momofuku Ando
Before making the idea for instant noodles, this led him to try to develop successfully, Ando had a small sales company in Japan. But in 1948, he was convicted of tax evasion and sentenced to two years in prison. Then he lost that company due to a bankruptcy of the chain.
5. Akio Morita
Back in the early days of Sony, Morita’s products were not as popular or as popular today. In fact, the first product was a rice cooker but was much more successful.
6. Vera Wang
The famous fashion designer (pictured above) is not always known for her high-end wedding dress. In fact, Wang was once a figure skater. But she did not set up the American Olympic skating team. Later, she moved to work for Vogue, but was rejected as editor in chief before leaving to become a designer.
7. Bernie Marcus và Arthur Blank
Before setting up The Home Depot, Marcus and Blank were officers at Handy Dan, a home-based chain in California. Both were fired in 1978 for allegedly allowing the creation of a non-standard fund.
8. Milton Hershey
Hershey is one of the most recognized names in chocolate. But before the founding of the company, Milton Hershey was sacked from learning the printer. And then he tried to start three different candy companies, all failed, before the start of Lancaster Caramel Company and Hershey Company made sweet household candy celebrity.
9. Kathryn Minshew
Due to disputes between co-founders, Minshew has lost access to the site and all the savings she has invested in her site, PYP Media. But she failed and made it into a new project, The Muse, along with many other members of her former group.
10. George Steinbrenner
George Steinbrenner owned a small basketball team called the Cleveland Pipers in the early 1960s, long before he took over the New York Yankees. But there is a reason you never heard of that group. In the direction of Steinbrenner, the entire Pipers brand went bankrupt just a few years after he took ownership.
11. Arianna Huffington
Before the release of The Huffington Post, Arianna Huffington (pictured above) had a little more trouble making people read her work. Her second book was rejected by 36 publishers.
12. Jeff Bezos
Amazon is one of the biggest success stories of the online age. But before Amazon became famous, the company’s CEO had a few failed ideas. One of the most noteworthy is an online auction site, developed into zShops, a brand that ultimately failed. However, CEO Jeff Bezos will re-use this idea and become the Amazon Marketplace.
13. Henry Blodget
Henry Blodget was working on Wall Street when then – General Manager Eliot Spitzer made a civil securities fraud complaint against him through conflicting interests between research and banking. But in later years, he contributed to many big news boards, eventually launching Business Insider, a trusted address in the business world.
14. Benny Luo
Although Luo has several successful joint ventures with his name, including NextShark and NewMediaRockstars, the UK also has some unsuccessful work. He has gone through network marketing, affiliate marketing and even online poker. However, those joint ventures were eventually disturbed. But past experience clearly made him succeed in the future.
15. Lawrence Ellison
Ellison’s company, Oracle, has had ups and downs. After Ellison dropped out of college and worked as a programmer for eight years, he co-founded the company with his former boss. But Oracle has struggled for years before making it big. Ellison even had to mortgage his house to get a line of credit to keep the business going during that time.
16. Tim Ferris
The author of The 4-Hour Workweek was rejected by about 25 publishers before finding out who actually agreed to publish his work. This is the best-selling book.
17. Peter Thiel
Before the start of PayPal and investing in big names like Facebook, Thiel lost a lot. His first hedge fund, Clarium Capital, lost 90 percent of its $ 7 billion in securities, currency and oil prices. But still a lot of great success lies ahead.
18. Christina Wallace
The current vice president of branding and marketing at Startup Institute is former co-founder of Quincy Apparel. When the company closes in 2013, Wallace stays in bed for three weeks before forcing herself to stand up and join the business world.
19. Henry Kaiser
The founder of the Kaiser Shipyards is often called the father of modern American shipbuilding. But during World War II, the Kaiser Liberty ships began using hulls, causing some hulls to crack, sometimes completely falling apart. It was not an impressive start to a business career.
20. Morten Lund
Lund is currently investing in emerging companies such as pitchXO and CapitalAid Ltd., and has made some successful investments in companies such as Skype and eBay. But in 2009, Danish entrepreneurs actually filed for bankruptcy because of some wrong investment decisions.
21. Fred Smith
Although we all know that FedEx is a successful business model nowadays, But Smith’s university professor disagreed & the score for Smith’s essay is low.
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