Henry Ford failed twice in business before he finally went on to build the Ford Motor Company; and became one of the richest men in the world. He has this to say about his business failures:
"Failure is just a resting place. It is an opportunity to begin again more intelligently." – Henry Ford
"If I lose a billion dollars, I will have it back in less than five years." – Henry Ford
J. K. Rowling
Harry Potter series is one of the best selling books in the world but what most people will never know is that the author “J. K. Rowling” was turned down several times by publishers. Instead of being deterred; she went on to become a billionaire author and this is what she has to say about her initial failures.
"What's the worst that could happen? Everyone turned me down; big deal." – J. K. Rowling
"Never be ashamed! There's some who will hold it against you, but they are not worth bothering with." – J. K. Rowling
Martha Stewart
Martha Stewart successfully built her company “Martha Stewart Living Omni Media” from scratch and became a billionaire. But she made a mistake (insider trading) that negatively affected her reputation and landed her in jail. Being an entrepreneur with guts; she refused to be cowed by her mistakes and she bounced back to fortune and fame. This is what she has to say about her mistake and resulting failure.“I know I have a very tough five months ahead of me, but I understand, too, that I will get through those months knowing that I have the ability to return to my productive and normal life, my interesting work and future business opportunities.” – Martha Stewart
“My new motto is: When you're through changing, you're through.” – Martha Stewart
Larry Ellison
Larry Ellison dropped out of college twice; and bounced from job to job without a direction. His adopted father told him that he would not amount to anything in life. But Larry Ellison started Oracle from scratch and went on to become one of the richest drop out billionaires in the world and this is what he has to say about it.
Larry Ellison dropped out of college twice; and bounced from job to job without a direction. His adopted father told him that he would not amount to anything in life. But Larry Ellison started Oracle from scratch and went on to become one of the richest drop out billionaires in the world and this is what he has to say about it.
"The most important aspect of my personality as far as determining my success goes; has been my questioning conventional wisdom, doubting experts and questioning authority. While that can be painful in your relationships with your parents and teachers, it's enormously useful in life." – Larry Ellison
"I have had all the disadvantages required for success." – Larry Ellison
Sir Philip Green
Sir Philip Green is a British billionaire and owner of one of the world’s largest retailing chain but what most people will never know is that Sir Philip Green went through four business failures before making his first million at the age of 33.
Donald Trump
Donald Trump is a savvy real estate billionaire that has gone through bankruptcy; not one but twice. He once had a personal debt of $1billion and corporate debt of $9billion but he courageously pulled himself out of the mess and this is what he has to say about his business failures.
"Anyone who thinks my story is anywhere near over is sadly mistaken." – Donald Trump
"Sometimes by losing a battle, you will find a new way to win the war." – Donald Trump
“I was relentless even in the face of total lack of encouragement because much more often than you think; sheer persistence is the difference between success and failure." – Donald Trump
Richard Branson
Richard Branson is one of the few entrepreneurs that inspire me the most. He has gone through thick and thin; and has been on the verge of business failure on countless occasions. His first business (student magazine) failed despite showing strong potentials.
Richard Branson has also painfully shut down or sold some businesses just to survive; but despite all, he still emerged stronger and more successful. You can read about his business experience, failures and successes in his best selling book “Losing My Virginity: How I've Survived, Had Fun, and Made a Fortune Doing Business My Way.”
Source: Jamii Forum
Source: Jamii Forum
A quote below may concur with the words above.
"If I had to select one quality, one personal characteristic that I regard as being most highly correlated with success, whatever the field, I would pick the trait of persistence. Determination. The will to endure to the end, to get knocked down seventy times and get up off the floor saying, ''Here comes number seventy-one!'"
- Richard M. DeVos.
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