The third most richest on the earth is William Henry Gates III(Bill Gates). American business magnate, software developer, investor and philanthropist.
He is one of the best-known entrepreneur and pioneers of the microcomputer revolution of the 1970s and 1980s.
Microsoft Corporation founder Bill gates make some set of rules for the new entrepreneur that help them to make a difference in this world.
In October 2017, he was surpassed by Amazon Founder and CEO Jeff Bezos, who had an estimated net worth of US$90.6 billion compared to Gates net worth of US$89.9 billion at the time.
Don’t start comparing and starting looking for the other post that relates to the set of rules of success from Jeff Bezos.
If you are an entrepreneur and working on something than you don’t care about anything except your work.
Here is the top 7 Set of Rules of Success of Bill Gates……
- Have Patience in your Ideas
- Work Hard, No Excuse
- Learn from competitors and appreciate them
- Sometimes change is necessary
- Believe in your vision
- Enjoy whatever you do
- Hire best people and innovative people
1. Have Patience in your Ideas
Patience is the key to success for any business. If you are not working that’s not gonna matter anyhow after 5 years than stop doing this.
Bill Gates says if you have any business that’s gonna take 3-4 year and need improvement. You should stick to that idea because people are not gonna support you.
Take a example of window, for the beginning, no one is supporting them until they improve it and it become the need of the person, even IBM didn’t support them.
In the same, if you are doing something and you know it may be need some improvement but after year it will be the need of the most of person.
Then keep going and be Patient about your long term goals.
2. Word Hard, No Excuse
Hard work is something that makes you, if you have a great idea that is gonna make an impact to the society for the years but you are not making hard decision then you gonna loose that chance.
If you have any excuses like you don’t have time to work for your business or you have a family with them you want to spend more time.
This all excuses is the part of everyone’s life and even this is a part of Bill Gates life. He gives to time to their child and after his children went to bed.
He read all thank you emails and reply to all business email. Bill Gates spend 25% of his time for travelling for new business in a year.
And if you think, your life is hard and you not doing anything for that. Then you must rethink about it.
3. Learn from competitors and appreciate them
Microsoft biggest competition was apple. With the very little knowledge about engineering, Steve Jobs was able to build much way better product because of the mindset of business of Steve Jobs.
If you don’t have any competition then you are not anything creative or anything big. If you are a good learner and working on your faults then it’s good.
Bill Gates learn from Steve Jobs, how to market product and do it in the best way. This is best thing for any entrepreneur to look after competitor and work on it.
4. Sometimes changes is necessary
Change is the part of the life and if you keep ruining the same thing over the year then it will be hard for you to make a change in the world.
When window was launched that time you need to install it outside to the operating system but after sometimes, it become a part of an operating system.
This is one thing, you need to focus to changes also because people are not willing to spend their time on the same thing over the years.
Keep changing and keep growing……
5. Believe in your vision
Vision is the key for an entrepreneur because if you starting a new business and if you don’t have any vision about your business then you are making a big mistake.
Just think about Microsoft started in back 1983 and in a few years, it become the part of every computer. It is the most useful software of all the time.
Having a vision really helps you to make useful decision and that’s how you can really grow.
When there is not vision, there is no hope…..
6. Enjoy Whatever you do
I really don’t know any billionaire or multi-millionaire that do any work that they don’t love or enjoy. You have to enjoy what you do.
If you enjoy what you do then there is higher chances of your success because then only you can put all your efforts on your works.
Bill Gates love what he do, he was mad about the computer when he was a child and now he become the face of every computer.
Whatever your life’s work is, do it well. A man should do his job so well that the living, the dead, and the unborn could do it no better……
7. Hire Best People and Innovate Everyday
Bill Gates says that you need to know the customer and make innovative product according to customer feedback.
If you running a big company then you must hire people that are living the vision to grow your company.
Customer feedback is a gift for any business to grow and make innovative thing for your customer everyday.
I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better….
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Thanks for reading, Stay working Hard and stay at home……