We all fail. We all make mistakes. The key is to not be oblivious to the mistake - Birla.
Kumar Mangalam Birla shared with students why they shouldn’t fear failure, and instead learn from it.
Failure is not fatal. It is inevitable, according to industrialist Kumar Mangalam Birla. And that was a lesson he shared with the graduating class of a B-school at their convocation.
“If you don’t fail, it perhaps means you aren’t taking enough risks,” Birla said to the youngsters. “However, it is the swiftness with which you react to failure that will determine whether it is a debilitating blow or a sobering lesson.”
Before Jack Ma built an empire, he was denied a job in KFC.
He shared the example of Chinese entrepreneur Jack Ma, who “failed in his primary examinations, not once but twice... was rejected by Harvard 10 times... was the only one turned away from a job in KFC, out of 24 candidates”. Those were his failures. And the list of his success? It’s short: He created Alibaba.
“We all fail. We all make mistakes. The key is to not be oblivious to the mistake. When you make a mistake, you have three choices: You can be in denial, you can let it cripple you or you can acknowledge the error, take swift corrective action and learn from it,” Birla said.
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Biz Tycoons - Like Ryan & Jared Smith - Who Made Billions From Scratch
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Ryan (L) and Jared Smith became the tech world’s newest billionaires after selling their company, Qualtrics International, which they started from their parents’ basement in Utah, for $8 billion.
Here are other businessmen who started underground and then worked their way to the top.
Ryan (L) and Jared Smith became the tech world’s newest billionaires after selling their company, Qualtrics International, which they started from their parents’ basement in Utah, for $8 billion. Her..
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Before he was a business magnate and owner of the Virgin Group, Richard Branson was the founder of a youth-culture magazine. As a 16-year-old, Branson started Student Magazine from the basement of his parents’ house in 1966. He would interview and feature prominent personalities, including Mick Jagger. The billionaire entrepreneur credits the magazine — and the lessons it taught him — for helping him establish Virgin Records and his business empire.
Before he was a business magnate and owner of the Virgin Group, Richard Branson was the founder of a youth-culture magazine. As a 16-year-old, Branson started Student Magazine from the basement of hi..
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Businessman Kevin O’Leary started SoftKey Software Products, which was later renamed The Learning Company, in his Toronto basement in 1986, with an investment of $10,000 from his mother. He grew the company into a huge operation and even moved it to Boston. In 1999, toy giant Mattel acquired the company for $4.2 billion.
Businessman Kevin O’Leary started SoftKey Software Products, which was later renamed The Learning Company, in his Toronto basement in 1986, with an investment of $10,000 from his mother. He grew the ..
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American hip-hop apparel company FUBU was founded by Daymond John, along with J Alexander Martin, Keith Perrin and Carlton Brown, in his basement in 1992. It is reported that John mortgaged his house for $100,000 and invested that money into his company. In 1995, Samsung invested in FUBU. In addition to being a businessman, John is also a motivational speaker, author and a television personality.
American hip-hop apparel company FUBU was founded by Daymond John, along with J Alexander Martin, Keith Perrin and Carlton Brown, in his basement in 1992. It is reported that John mortgaged his house..
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In 2001, Carl Rodrigues shut himself away in his basement in the Canadian city of Mississauga to come up with a business idea he would enjoy working on. After a month of working “crazy hours”, Rodrigues came up with the idea of a software system that allowed users to control their mobile phone from their laptops. He named his company SOTI. Despite being hugely successful, Rodrigues turned down many takeover bids, including one from Microsoft. The company, which was valued at $1 billion last year, remains completely owned by Rodrigues and his wife.
In 2001, Carl Rodrigues shut himself away in his basement in the Canadian city of Mississauga to come up with a business idea he would enjoy working on. After a month of working “crazy hours”, Rodr..
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In 1882, Dow Jones & Company was founded in the basement of a candy store in New York City by three journalists — Charles Henry Dow, Edward Jones and Charles Bergstresser. Bergstresser, however, chose to be a silent partner of the firm, whose flagship product is The Wall Street Journal. In 1902, the company was acquired by financial journalist Clarence Barron. It then went under the control of the Bancroft family when Barron left it to his stepdaughter, Jane Bancroft, after he died in 1928. It was taken over by Rupert Murdoch’s News Corp in 2007.
In 1882, Dow Jones & Company was founded in the basement of a candy store in New York City by three journalists — Charles Henry Dow, Edward Jones and Charles Bergstresser. Bergstresser, however, chos..
