These days, we often hear about the importance of failure and the role it can play in starting or advancing our careers. It seems, after they have people deceived even for the smallest mistakes, that society has begun to make changes to the bold idea that mess is not the end of the world. It can actually be the beginning of one.
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Some very successful and extremely rich businessmen have seriously introduced their trips to prosperity and appreciation. Let’s take a look at four business legends that failed before they achieved fame, wealth and mass respect.
Bill Gates, Mogul Tech and Philanthropist, which has a net worth of $ 109 billion, since mid -February, is certainly not doing poorly these days, but again before the days of Microsoft’s glory, Gates was dedicated to another venture: Traf- o data. I never heard of it? That’s because that tank.
Traf-O-data was a business partnership between Bill Gates, Paul Allen and Paul Gilbert again in the 1970s. It was created to read raw data from road traffic counters and produce reports for traffic engineers. The problem, according to co-owner Paul Allen, was the traf-o-data business model and the fact that neither Gates, Allen and Gilbert did any research on how to grow such a business.
“Traf-o-data was a good idea with a flawed model,” Allen wrote. “We had not happened to do any market research, and we had no idea how difficult it would be to make capital commitments from municipalities. Between 1974 and 1980, Traf-O-Data reached $ 3,494. We closed the store right after that. “
From Allen’s account to Newsweek, it sounds like the enterprise lasted at least two years, but did not win clients. Allen, who died in 2018, continued to co-founded Microsoft with Gates and collect his billions, in part through investment.
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Apple’s co -founder Steve Jobs was about $ 10.2 billion when he died in 2011. Some analysts estimate that it would be worth about $ 7 billion today. This is a severe part of the change, but it is surprisingly low taking into account Apple’s global success, which is rated at nearly $ 3.7 trillion. The main reason Jobs is not worth more is due to the wrong move he made.
Once the heads with the then CEO of Apple John Sculley, Jobs collapsed from Apple. He continued to sell it all except one of Apple’s shares. If he had everything, his wealth would be about $ 66 billion larger.