Bill Gates Business Success Secrets

BORN: 29th October 1955, Seattle, Washington, USA
BUSINESS: Founder of Microsoft
INDUSTRY: Information Technology/Software
INCOME: Net worth US $53 Billion
FORTUNE: Self Made
HOME: Medina, Washington, USA
FAMILY: Wife, Melinda, 3 children, Jennifer, Phoebe and Rory
CHARITIES: Bill & Melinda Gates Foundation, donated over $28 billion to charity so far.
STATUS: Billionaire

Plenty of people talk about changing the world. Bill Gates has actually done it. His inventions, and later, his philanthropic activities, have reached into every corner of the globe. We are living in a very different sort of world from only a few decades ago. The Microsoft founder is almost single-handedly responsible for the PC revolution that has ushered in a new age of communication, commerce, information and media. The ripple effect of Gates’ tech tinkering is now incalculable.

Gates was the world’s richest man for many years running. The productive power and wealth generated by Bill Gates and his technology is mind-boggling, and he has the profits to prove it. He is using those profits, and the power of his name, to effect other changes. He has now started a huge foundation for charitable purposes, and he continues to expand his repertoire of projects.

Bill’s Success Secrets                                      

           

Gates also advises on the importance of keeping things simple. As with other astounding success stories, he follows simple principles with focused intensity. He thinks in simple terms—probably being used to thinking in the language of programming helps with this mindset.

Gates has an interesting take on his work, too. He accepted feedback on the quality of his products, most notably from Japan. He can accept tough criticism, and only pushes to make things better. “Our Japanese customers on the whole were so tough about quality and precision – that was fantastic, because we did a lot of business there early in our existence.” The ability to accept, rather than to avoid, criticism is crucial to continuing development.

Gates says that, in the long run, hard work is far more important than intelligence when it comes to success. He says that it is a result of “dedication and persistence” rather than “brilliance”. He believes in the quote that “Genius is one percent inspiration and 99 percent perspiration.” Hard work is certainly part of Gates’ life. He has worked long, tireless hours making Microsoft what it is. He demands the same of those who work for him.

Bill Gates insists, along with others, that all successful people have vision. He knows that vision means being able to see clearly what one wants, and to see things that don’t exist today, but that can be created. Very early on, Gates and Allen had a vision of the time when there would be “a computer on every desk and in every home”. They could see the possibility clearly, despite the fact that even people in the industry at the time could not. Gates says, “At the time, you have people who are very smart saying, ‘Why would somebody need a computer?’ Today, it is hard to imagine what life would be like without computers. That is vision—it was unimaginable to most a little over 30 years ago, but a select few had the vision to not only imagine it, but to make it happen.

Bill’s Success Quotes

As we look ahead into the next century, leaders will be those who empower others. ~ Bill Gates

I think it’s fair to say that personal computers have become the most empowering tool we’ve ever created. They’re tools of communication, they’re tools of creativity, and they can be shaped by their user. ~ Bill Gates

Its fine to celebrate success but it is more important to heed the lessons of failure. ~ Bill Gates

Your most unhappy customers are your greatest source of learning. ~ Bill Gates

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. ~ Bill Gates