Bill Gates’ Recipes For Success

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Wondering how successful entrepreneurs managed to reach success? Check out Bill Gates' entrepreneurial journey while taking in some of his words of wisdom!

Success is a lousy teacher. It seduces smart people into thinking they can’t lose. – Bill Gates

Couldn’t agree more! Perhaps, this has always been Bill Gates’ motto in life. Otherwise, how could we ever be able to explain the empire he successfully built over the last decades? He is the pure example of what constant perseverance and focus can lead to. Quite inspiring, isn’t it so?

And speaking of inspiration – should you feel the need to be motivated today, maybe pushed a bit – here are some words of wisdom from the man who knows what success truly means:

#1 When Business & Technology Collide

The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.

#2 When Technology Meets Education

Technology is just a tool. In terms of getting the kids working together and motivating them, the teacher is the most important.

#3 Technology & Communication

I’m a great believer that any tool that enhances communication has profound effects in terms of how people can learn from each other, and how they can achieve the kind of freedoms that they’re interested in.

#4 On Innovation In Technology

Software innovation, like almost every other kind of innovation, requires the ability to collaborate and share ideas with other people, and to sit down and talk with customers and get their feedback and understand their needs.

#5 On Change

We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10. Don’t let yourself be lulled into inaction.

#6 On Choosing Wisely

Don’t make the same decision twice. Spend time and thought to make a solid decision the first time so that you don’t revisit the issue unnecessarily. If you’re too willing to reopen issues, it interferes not only with your execution but also with your motivation to make a decision in the first place. After all, why bother deciding an issue if it isn’t really decided?

#7 On Applying The Right Strategy

A bad strategy will fail no matter how good your information is, and lame execution will stymie a good strategy. If you do enough things poorly, you will go out of business.

Wondering where he got this wisdom from? One word: experience. Just as other famous founders, his path in life has always been complex and somehow unexpected. For more information in the matter, here is an info-graphic that will show you where Bill Gates started from and how he got to where he is today.

Infographic via Funders & Founders



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