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Everyone said your failed but, Entrepreneur said I Gained

It was rightly said that failure is the stepping stone to the success. You can enjoy the taste of success in far better way when you learn to enjoy the failure. I believe one who never failed in life, never did anything new in the life. They are Robots of Modern world 2.0

I have collated stories of famous personalities who took failure and steeping stone of success and rest is the history

#1 – Mr N R Narayana Murthy:

First worked in IIMA and then started a company called Softronics in 1976! When it failed after a year and half he joined Patni Computer Systems.

Later he started Infosys Technologies along with 6 other professionals as partners in 1981 and the rest as they say is history !

#2 – Henry Ford:

While Ford is today known for his innovative assembly line and American-made cars, he wasn’t an instant success. In fact, his early businesses failed and left him broke five time before he founded the successful Ford Motor Company.

Akio Morita: You may not have heard of Morita but you’ve undoubtedly heard of his company, Sony. Sony’s first product was a rice cooker that unfortunately didn’t cook rice so much as burn it, selling less than 100 units. This first setback didn’t stop Morita and his partners as they pushed forward to create a multi-billion dollar company.

Ratan Tata while building Tata Motors.

In 1998, Ratan Tata brought a hatchback car Indica but it failed badly. People didn’t like it. Nobody wanted to buy that car. Some people suggested him to sell his car division and he agreed.

In 1999, He contacted many companies and Ford Motor Company showed some interest. Ratan Tata along with Praveen Kadle went to Ford’s headquarter to discuss terms of deal but Ford’s attitude was insulting. Ford’s chairman Bill Ford said to Ratan Tata-

“WHEN YOU DON’T KNOW ANYTHING ABOUT PASSENGER CARS, WHY DID YOU START THE BUSINESS. WE ARE DOING A FAVOUR BY BUYING YOUR BUSINESS.”

But what goes around comes around. In 2008, Ford’s Jaguar-LandRover was in terrible loss. Guess, who came to save them from going bankrupt. Yes, it was none other than Mr. Ratan Tata. He bought JLR division of Ford. JLR made a loss of 1800 crore that year and because of that Tata had to bear a loss of 2500 crore. This time, Ford’s words were-

“YOU ARE DOING US A FAVOUR BY BUYING OUR COMPANY.”

In 2014, Tata Motors made a profit of 2.33 Lakh Crore and JLR’s share in it was of 1.90 Lakh Crore, around 82%. Need I say more.

This story has been shared by Praveen Kadle, CEO of Tata Capital. ( Source: Quora )

#3 – Oprah Winfrey

Oprah had a rocky start in life. As the daughter of a teenaged low-income mother, her start was anything but glamorous. In her early years, Oprah recounts that not only were her living conditions rough, but she was always sexually abused, starting at the age of 9, by her cousin, uncle, and a family friend. At the age of 14 Oprah got pregnant, but her son died shortly after birth.

However, at the age of 14, Oprah was sent to live with her father, Vernon, in Tennessee. He helped her focus on her schooling, and she was subsequently accepted on a full scholarship to the University of Tennessee, majoring in communications. In high school, and in her first two years of college, Winfrey interned at a local radio station, helping to develop a foundation for a career in media.

But, even after Oprah was hired on to a local television station for the news, things didn’t go so easily. She was fired by the producer because she “unfit for television,” later taking a position with another station in Baltimore. Eventually, she hosted a local talk show named, People are Talking.

Later, in 1983, Winfrey re-located to Chicago, to host a station’s low-rated talk show called AM Chicago. Within a few months, the show went from last in the ratings, to higher than Donahue, which was the number one show at the time. This led to the show being renamed The Oprah Winfrey Show, which was syndicated across the country.

#4 – J.K. Rowling

Rowling is one of the most inspirational success stories of our time. Many people simply know her as the woman who created Harry Potter. But, what most people don’t know is what she went through prior to reaching stardom. Rowling’s life was not peaches and cream. She struggled tremendously.

In 1990, Rowling first had the idea for Harry Potter. She stated that the idea came “fully formed” into her mind one day while she was on a train from Manchester to London. She began writing furiously. However, later that year, her mother died after 10 years of complications from Multiple Sclerosis.

In 1992 she moved to Portugal to teach English where she met a man, married, and had a daughter. In 1993, her marriage ended in divorce and she moved to Edinburgh, Scotland to be closer to her sister. At that time, she had three chapters of Harry Potter in her suitcase.

Rowling saw herself as a failure at this time. She was jobless, divorced, penniless, and with a dependent child. She suffered through bouts of depression, eventually signing up for government-assisted welfare. It was a difficult time in her life, but she pushed through the failures.

In 1995 all 12 major publishers rejected the Harry Potter script. But, it was a year later when a small publishing house, Bloomsbury, accepted it and extended a very small £1500 advance.  In 1997, the book was published with only 1000 copies, 500 of which were distributed to libraries.

In 1997 and 1998, the book won awards from Nestle Smarties Book Prize and the British Book Award for Children’s Book of the Year. After that, it was one wild ride for Rowling. Today, Rowling has sold more than 400 million copies of her books, and is considered to be the most successful woman author in the United Kingdom.

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Author:

I am akash bagrecha who is Bachelor as well as Bachelor of Commerce, you might have heard of that as B.COM. I am that guy who did Chartered accountancy course side by side with my full-time focus on B.COM.. You heard it right I feel Bcom was more complicated than becoming CA as it involves 2 additional letters in degree. I am trying to make mistakes and believe me, this 9 to 6 job is not allowing me to do this so I​ decided to write this blog and make mistakes and learn from highly qualified people what entrepreneurship mean to them.

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