| Entrepreneurs need to possess certain basic skills like | | | | 66. Madam C. J. Walker - Hair Care |
| motivation, dedication, and innovation in order to | | | | 67. Sam Walton - Discount Retail (Wal-Mart) |
| devise business strategies and direct them to | | | | 68. Thomas Watson, Sr. - Computing (IBM) |
| realization. However, successful entrepreneurs need | | | | 69. Oprah Winfrey - TV |
| more than just the simple of above mentioned | | | | 70. Mal Emery - Australian Mailorder Millionaire |
| assets. | | | | All these people emerged as prosperous |
| Here is a list of 70 famous entrepreneurs who each | | | | entrepreneurs and their success stories are a lesson |
| became extremely wealthy in their businesses and | | | | to learn from. These entrepreneurs did not start their |
| respective industries: | | | | venture with a lot more intelligence or a lot more |
| 1. Alvin Ailey - Dance (Alvin Ailey) Dance Theater | | | | wealth. Indeed, they all had the talent to move on |
| 2. Mary Kay - Ash Cosmetics (Mary Kay) | | | | and were equipped with a vision, dedication, |
| 3. P.T. Barnum - Entertainment (Barnum & Bailey) | | | | commitment, inspiration and innovation. |
| 4. Warren Bechtel - Construction | | | | But one of the central elements that drove them to |
| 5. Jeff Bezos - Internet (Amazon) | | | | success was time management. |
| 6. Michael Bloomberg - Financial Information | | | | An average individual is able to attain mediocre results |
| 7. Richard Branson - Several (Virgin) | | | | from some allotted time; however, a wise |
| 8. Andrew Carnegie - Steel (US Steel) | | | | entrepreneur makes the most use of that time. He |
| 9. Steve Case - Internet (America Online) | | | | she is gifted with the ability to utilize time perfectly |
| 10. Jim Clark - Internet (Netscape) | | | | and to obtain results from every single minute spent. |
| 11. Michael Dell - Computers (Dell Computer) | | | | They realize the value of every moment and work |
| 12. Walt Disney - Entertainment | | | | hard to make it worthwhile. |
| 13. Larry Ellison - Software (Oracle) | | | | Maximize Time and Money |
| 14. Debbi Fields - Cookies (Mrs. Fields) | | | | Successful entrepreneurs take certain steps that put |
| 15. Donald and Doris Fisher - Clothing (Gap Inc.) | | | | them on the path to maximum productivity and |
| 16. Ernest & Julio Gallo - Wine | | | | profits. |
| 17. Bill Gates - Software (Microsoft) | | | | The following are some measures entrepreneurs take |
| 18. A. P. Giannini - Banking (Bank of America) | | | | to ensure sound business operations: |
| 19. Walt Goodridge - Writer | | | | 1. Outsourcing: Outsourcing is the key to getting |
| 20. Leo Goodwin - Insurance (GEICO) | | | | work done on time with minimal resources. |
| 21. Barry Gordy - Music (Motown Records) | | | | Outsourcing helps entrepreneurs to hire external |
| 22. Joyce Hall - Greeting Cards (Hallmark) | | | | workers to perform certain tasks; in this fashion, |
| 23. William Randolph Hearst - Publishing (Hearst | | | | entrepreneurs save time, money and efforts. |
| Newspapers) | | | | All this results in the ability to conduct business |
| 24. Richard A. Henson - Airlines | | | | operations smoothly and to tackle competition better. |
| 25. Fernando Hernandez - Telecommunications | | | | 2. Gathering A Team of Business Experts: |
| (AT&T) | | | | Entrepreneurs ensure that the team involved in the |
| 26. Milton Hershey - Chocolate | | | | business is filled with professionals specialized in their |
| 27. James J. Hill - Railroads (Great Northern Railway) | | | | respective fields. |
| 28. Wayne Huizenga - Sanitation (Waste | | | | A good committed team works hard to meet |
| Management) | | | | business objectives and remains committed to the |
| 29. Steve Jobs - Computers (Apple) | | | | purpose. |
| 30. Robert L. Johnson - Broadcasting (BET) | | | | Further, expert team members perform their tasks |
| 31. John Johnson - Publishing (Ebony) | | | | efficiently to maximize business profits and growth. |
| 32. Henry J. Kaiser - Health Care (Kaiser Permanente) | | | | This, in turn, helps entrepreneurs attract investors for |
| 33. Herb Kelleher - Airlines (Southwest) | | | | its projects. |
| 34. Ray Kroc - Fast Food (McDonald's) | | | | 3. Using Rather Than Fearing Technology: Technology |
| 35. Estee Lauder - Cosmetics | | | | has emerged into every aspect of life. It has helped |
| 36. William Levitt - Housing | | | | to make business processes more convenient and |
| 37. Henry Luce - Publishing (Time/Life) | | | | swift. |
| 38. J. W. Marriott - Hospitality | | | | Successful entrepreneurs employ technology to their |
| 39. Louis B. Mayer - Entertainment (MGM) | | | | advantage; they exploit the various benefits it offers |
| 40. William McGowan - Telecommunications (MCI) | | | | by incorporating technological advances in every |
| 41. Scott McNealy - Computers (Sun Microsystems) | | | | aspect of the business. This helps to reduce costs in |
| 42. Judi Sheppard Missett - Fitness (Jazzercise) | | | | the long run and to improve productivity. |
| 43. Gordon Moore - Electronics (Intel) | | | | 4. Hiring The Right People: A business is only as |
| 44. Andrew Morrison - Web Publishing | | | | strong and successful as the people working for it. |
| 45. Rupert Murdoch - Media | | | | This implies that a business venture can meet |
| 46. Pierre Omidyar - Internet (Ebay) | | | | objectives provided that the entrepreneur as well as |
| 47. David Packard - Electronics (Hewlett-Packard) | | | | the team is knowledgeable and experienced in the |
| 48. William S. Paley - Broadcasting (CBS) | | | | field. |
| 49. Ross Perot - Data Management (Electronic Data | | | | Without either, success will seem like an illusion. |
| Systems) | | | | According to Harvard Business School a staggering |
| 50. Jay Pritzker - Hospitality (Hyatt) | | | | 40% of business failure can be laid at the feet of |
| 51. Ralph Roberts - Cable TV (Comcast) | | | | hiring the wrong people! |
| 52. John D. Rockefeller - Oil (Standard Oil) | | | | 5. Using a Daily To-Do List: Entrepreneurs realize the |
| 53. Carlos Santana | | | | value of time and remain organized by setting a |
| 54. David Sarnoff Broadcasting (NBC) | | | | to-do list. This helps to divide time appropriately to |
| 55. Howard Schultz - Coffee (Starbucks) | | | | various tasks and ensures timely completion of daily |
| 56. Charles Schwab - Discount Brokerage | | | | goals. This is an important requirement to manage |
| 57. Richard W. Sears - Mail Order (Sears-Roebuck) | | | | time and resources. |
| 58. Russell Simmons - Music (Def Jam Records) | | | | Increasingly, entrepreneurs are recognizing the need |
| 59. Fred Smith - Shipping (Federal Express) | | | | to manage time; this includes the use of tools and |
| 60. Charles C. Spaulding - Insurance | | | | techniques that help to plan and schedule time. This |
| 61. Gloria Steinem - Publishing (Ms) | | | | entails the setting of goals and priorities. |
| 62. Martha Stewart - Multimedia | | | | An entrepreneur should seriously plan, prioritize, |
| 63. Dave Thomas - Fast Food (Wendy's) | | | | control and manage the functions of his/her business. |
| 64. Donald Trump - Real Estate | | | | This will help to improve productivity and to manage |
| 65. Ted Turner - Broadcasting (CNN) | | | | challenges proactively. |