This is The Story of The Failure of a Successful Businessman – Some people argue, there are people who are born to be successful businessmen. That, business skills are talents, not something that can be learned. It’s easy to look at someone like Jeff Bezos and just view him as the richest person in the world. But in fact, most well-known entrepreneurs have experienced ups and downs to achieve their success.
Take for example the author of the Harry Potter series novels, J.K. Rowling. Before his book sold hundreds of millions of copies and became known to everyone, he was rejected many times by publishers. Even top businessmen like Bill Gates and Jeff Bezos have failed in business.
1. Bill Gates
You may know Bill Gates as one of the richest people in the world. But apparently, the Microsoft founder had failed when he founded a business that provides traffic statistics, Traffic-O-Data. This failure made Bill Gates and his partner, Paul Allen, lose USD 3,494 or which is currently worth Rp 53 million.
But the crash of Traf-O-Data also taught Bill Gates a valuable lesson that was instrumental in Microsoft’s success. Now Bill Gates has a total wealth of USD 91.8 billion or Rp. 1.394 trillion (assuming an exchange rate of Rp. 15,187 per USD).
2. Evan Williams
Williams once tried to build a podcast platform known as Odeo. The platform failed even before it actually started due to improper launch timing.
Odeo launched in conjunction with the release of the podcast feature on iTunes. In the end, Odeo was unable to compete with Apple. This did not make Williams give up. Currently Williams is known as the founder of the social media giant Twitter.
3. Jeff Bezos
Before starting Amazon, Jeff Bezos had a variety of different ideas. In implementing his ideas, Bezos made mistakes that cost him billions of dollars.
Among those ideas was an unsuccessful auction site Amazon Auctions. He later founded the shopping site zShops, which also failed. However, it was these two failures that later became the basis of the Amazon Marketplace.
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4. Arianna Huffington
Arianna is currently very successful as a media tycoon Huffington Post. Who would have thought that behind her success, Arianna was rejected by 36 publishers before finally succeeding in publishing her work.
His persistence paid off. This female businessman has received many awards, one of which was Most Influential Women in Media in 2009.
5. Steve Jobs
Apple is the first tech giant to reach a $1 trillion valuation. However, the company founded by Steve Jobs was not always as brilliant as it is today. When it was first established, several products such as the Apple I and Apple Lisa cost Steve Jobs and his company millions of dollars in losses. He was even fired from his own company until finally being re-hired in 1997.
6. Warren Buffett
The beginning of Warren Buffet’s failure stems from when he was rejected by Harvard Business School. Buffett stated that this rejection turned out to be the “best thing that ever happened”. This refusal landed him at Columbia Business School, where he met a professor named Benjamin Graham.
From Graham, he learned two basic rules of investing: first, never lose money and second, never forget the first rule.
7. Oprah Winfrey
Oprah is one of the successful billionaires on their own sweat. Her talk show program The Oprah Winfrey Show has won numerous awards and is watched by millions of people. Oprah’s success is not built in a day. Early in her career, Oprah was fired from her position as a news reporter. Currently Oprah’s total wealth reaches USD 2 billion or Rp. 30.3 trillion.