College Students Turned Successful Entrepreneurs

College Students Turned Successful Entrepreneurs

I read this book once called The Student Success Manifesto (The Guide to Creating a Life of Passion Purpose, and Prosperity) written by Michael Simmons and I thought I should share this particular chapter with you. This book is about how you can become a successful business person while in school. This particular chapter I share with you is about college students turned successful entrepreneurs and how you too may become one.

 

Here we go:

Successful Extreme Entrepreneurs are made not born. Anybody can become one. If you think you are too young or not educated enough to achieve your wildest dream, then think again. Considering the following excerpt from a study on the founders of Inc. 500 companies (http://www.inc.com/inc500), America’s fastest growing private companies:

Forty percent of the Inc. 500 founders had no experience in the industry they were entering…Over one-third of Inc. 500 founders were out of work when they started their companies, many others had just a few years on the job. These entrepreneurs have few if any contacts in the field they are going to enter…It is their personality, adaptability, and their willingness to provide specialized products or services that wins the day, rather than traditional industry expertise they bring.

 

I’ve met dozens of students who are Extreme Entrepreneurs, and doing well in school is definitely not a prerequisite of success (although it can certainly help). If you think that just because you did not get into a highly ranked school, or just because you have been getting lower average grades, you won’t succeed, think again. Being a successful Extreme Entrepreneur is based on a different set of standards that school does not necessarily teach or measure. If entrepreneurs had to be book smart, then people who were still in college would not be able to create more successful businesses than people 20 years older. Yet they can.

College Students Turned Successful Entrepreneurs 2

 

Some examples of businesses started by young people either in school, or just out, are:

 

Microsoft

Bill Gates (with Paul Allen) after leaving Harvard as junior.

 

Dell

Michael Dell, while attending the University of Texas.

 

 

Hershey Foods Corporation

Milton Hershey opened his first candy shop in 1876 at 18 years of age. It failed six years later, but he hit gold ten years after that when he founded the Lancaster Caramel Company. The Hershey Food Company later became a subsidiary.

 

Ryan Allis

During his senior year of high school, Ryan was able to take a pharmaceutical product to over $1 million in sales with creative web marketing.

 

Federal Express

Fred Smith was attending Yale. He wrote a business plan for Federal Express and was given a “C” by his professor.

 

Nantucket Nectars

Tom First and Tom Scott, after graduating Brown. In 2001, Nantucket Nectars had $66 million in revenue.

 

Apple

Steve Jobs (with Stephen Wozniak), after leaving Reed University.

 

TheGlobe.com

Stephan Paternot and Todd Krizleman attracted a $20 million investment while attending Cornell. The company later went public.

 

Vivendi Universal

Barry Diller, after dropping out of the University of California at Los Angeles, became the unofficial head of programming for ABC by the time he was 23. He is now the CEO of Vivendi Universal.

 

Virgin

Richard Branson dropped out of high school, started a magazine, and then later went on to start the Virgin “empire.”

 

Lillian Vernon

Lillian Vernon started her mail order business with a $2,000 wedding gift. At the time, she was 21, pregnant, and a housewife. In 2001, revenue was $287 million.

 

Barnes & Noble

Len Riggio, while attending New York University, started a book store that later turned into Barnes & Noble.

 

Rolling Stone Magazine

Jann Wenner, a University of California at Berkeley drop-out, founded his magazine at 21.

 

Def Jam

Rick Rubin, while attending NYU. He collaborated with Russell Simmons and produced such artists as Run D.M.C., Beastie Boys, and L.L. Cool J. and became a millionaire.

 

Yahoo

Jerry Yang, while attending Stanford.

 

IDT

Howard Jonas, after dropping out of Harvard, founded IDT, which had a market capitalization over $1 billion as of late 2002.

 

Monster.com

Jeff Taylor, who went to UMass for six years, but never graduated. While in college he started and ran five businesses.

 

Motion Picture Director of Star Wars Steven Spielberg

Dropped out of California State University, Long Beach. He finally graduated 33 years later in 2002 with a degree in film and electronic arts.

 

Nike

Phillip Knight, while attending Stanford.

 

Anthony Robbins Companies

Anthony Robbins never attended college and started a company called Achievement Enterprises, where he had 15 employees by the time he was 20. He later went on to create a self-development “empire.”

 

Domino’s Pizza

Tom Monaghan tried college six times but never got past his freshman year. In 1960, at 19, Tom borrowed $500 and purchased a pizza store called DomiNick’s. Four years later, he renamed the company Domino’s Pizza.

 

Hewlett-Packard

William Hewlett and David Packard, after leaving Stanford, started HP out of a garage.

 

Digitas

Michael Bronner, while attending Boston University. He founded the company from his dorm room in order to help pay his tuition. Digitas is as of this writing a public company.

 

Hard Candy

Dineh Mohajer, while a pre-med student at the University of Southern California, was pushing $10 million in sales within months of starting her company in 1995. It was acquired by Louis Vuitton Moet Hennessey in 1999.

 

Subway

Fred Delucca while struggling to pay for college borrowed $1,000 from a family friend to open his first sandwich shop.

 

Polaroid Corporation

Edwin Land took two leaves of absence from Harvard. During the first leave of absence, he created a new kind of polarizer, which he called Polaroid. During the second leave of absence he started a laboratory with other young scientists.

 

CNN

Ted Turner was kicked out of Brown twice, before taking over the helm of his father’s failing billboard business when he was 24. He expanded the business into television. Turner used the profits from the company to launch CNN, the first 24-hour all-news cable channel.

  

Arnold Schwarzenegger 

Started training for Mr. Universe when he was 14 years old. By 20 years old, he was the competition’s youngest champion ever.

 

 

I bring up these profiles not to show that school is unimportant. On the contrary, I think it can be beneficial to many students when leveraged. My goal is to show that anybody can achieve anything. I hope that the statistics and real world examples I have brought up will give you the confidence to follow your dreams.

-The end-

 

Can you become one?

You have read these stories and seen that you are not too young to begin your own entrepreneurial career. It may not end up being as huge as these companies are but you can make it as big as you want it and be successful at it too. So, do you think you can become one of the few that’s ready to take your life into your hands and kick ass at it?

Then resolve today to make it happen and do not let anything or anybody stop you from reaching your goals and dreams.

Crucial Components for Fulfilling your Potentials

Crucial Components for Fulfilling your Potentials

These are the crucial components for fulfilling your potentials that you will need to make sure your potentials are fulfilled and you won’t wake up one day and regret anything at the end of your life. Become committed to the process of fulfilling your potentials, becoming the best that you were meant to be.

Many people surrender to mediocrity and think they cannot be better than they are, or some people know they can be better but are usually not willing to put in the extra work that is required to become that person they were meant to be; and it takes change to make it happen.

 

It’s not an Easy Process

I will not want to insult your intelligence by telling you that it is or will be an easy process, it is not. It takes hard work and dedication to make anything worth having come true. You have to put in a lot of hard work and dedication and you will have to sacrifice many pleasures to become the person you wish to be.

 

Parts of your life you can change include:

  • Personal finance
  • Personal health
  • Relationships
  • Spirituality

 

Personal Finance

Your personal finance is how you spend the money you make, how you save it and how you invest it. Many people make lots of money but spend it just as much which makes them always almost broke or even completely broke before the next cash flow comes in.

Taking care of your finances is a major part of life you have to master because now is the time to make and invest your money; because when you are old, you will not have all the energy we have now to make money like  you’re making now.

 

Personal Health

Health is wealth and that is why you cannot enjoy your money if your not in good health; that is why wealth is not health. Constant check-up is also necessary at least once a year to make sure you have a good bill of health.

Also be very careful with what you eat; because most of the people that enjoy great health in our society are very conscious of the type of food they eat. Eat good food and exercise regularly and you will have all the energy in the world to do what you want to do.

 

Relationships

Relationships are, to a very large extent, the very measure of the kind of person we are or will become. Show me your friend and I will tell you who you are. You are the average of your five closest friends. If you hang out with people that don’t bring out the best in you, you will notice gradually that you are decreasing in value.

 

Spirituality

Spirituality, in my opinion, is not just about being religious. It is about knowing that there is a higher power that you can turn to when things get rough; and that this power is looking out for you.

SEE ALSO: Difference between successful and unsuccessful people

 

What Part of your Life do you want to Change?

Take a good look at our life, what part do you think needs a change? If you have to start your life all over, what part would you love to change for the better?

Difference between Successful and Unsuccessful People

Difference between Successful and Unsuccessful People

Do you know the difference between successful and unsuccessful people?

  • Successful people don’t give up.
  • They think differently than unsuccessful people.
  • Successful people take massive action toward their goals in life while unsuccessful people don’t.

Hard work is not always equal to success but Hard work + perseverance/determination = Success

If you are determined to succeed you will make it. If you have all the five requirements below, you could start making money the next day.

Let me show you some of the rules to achieving wealth in your life:

Difference between Successful and Unsuccessful People

 

1. Difference between Passive and Active Income

Active income is the income you earn based on your time. It is the type of income we’ve been accustomed to our whole lives. Our parents are getting active income. Our friends and colleagues are getting active income and if you are a working class person reading this, chances are you are a working class person too collecting active income.

But is active income bad? No.

Active income is not bad at all. But it lets you trade your time for money which in my own dictionary is known as a second class prostitute.

What happens when you sleep off in your line of duty operating from the active income viewpoint? You lose money.

Why?

Because you’ve spent the time you were supposed to use to make money to sleep. So your boss or supervisor saw you and removed some of the money from your pay check. Sorry.

That’s active income and you are a slave to your boss and to time and to money. Heck you are an all rounded slave when you are working for someone else.

 

What if you’re fired?

What else? Except you have another job somewhere which is kind of pathetic because you are a double slave. You are toast.

 

  • Where will you find another job?
  • How will you pay your next months’ mortgage?
  • How will you feed your family till you find another job?
  • What if your wife doesn’t work?
  • How will you pay the light and water bills?
  • How will you pay your children’s school fees?

 

You’re really screwed up.

That’s why active income contrary to the popular belief system by our parents is not a secure thing to pursue.

There’s no more job security so you will have to take your life into your own hands and determining your own fate by pursuing the other form of income that the rich and wealthy know so well.

 

What is passive income?

Passive income is the inflow of cash to your account after you’ve done the job once. You receive a lifetime of money inflow after the job has been done once and for all.

Examples of passive income are: royalties, interest, rent, dividends, and residual incomes.

Here, the rich make money work for them and they go out and do other things that they enjoy doing. Like playing golf or swimming or just relaxing in their boats in the middle of nowhere on a sea having the time of their life while at that same time you’re slaving away in a 9-5 job trying to please a boss who cares less about you except you deliver.

 

2. Learn how to Sell

No matter what anyone thinks about selling. We all do it. You do it. I do it. Even the most religious man on the face of this planet earth does it.

So, what is selling?

Selling, according to Merriam Webster is to exchange something for money.

To make something available to be bought and to be able to be bought for a particular price

 

3. Know how to Manufacture Money… Legally

The only way to legally make or manufacture or print your own money is being in a business of your own. By having your own business you control your financial freedom. The best time to start your own business is now. Nobody will be able to control or dictate how you live your life except you.

 

4. Believe in yourself

If you plan on doing something for your life and future and you have looked at it and planned it carefully and you know that you have a good chance of surviving if you should apply yourself, don’t let the negative talks of friends and family deter you from your goals. Most of the people advising you have not done it before and they want to discourage you from doing it. Trust yourself and trust in your ability to make the most out of yourself and you will succeed.

 

5. Invest in yourself

Most of the greatest people in the world are those who know and learned how to invest in themselves. These are the people who took time off from other people once in a while to invest I themselves and their lives by reading and studying new things that will benefit their lives and the lives of those around them. Take time out from people and use it to learn new things that will improve the value and quality of your life.

 

6. Invest in your health

Do yourself some good by walking an hour a day to improve your cardio. Your wealth is as good as nothing if your it is in a poor state because you will never enjoy all that money. Eat good food.

Eat lots of fruits and also use herbs. Natural greens are a very good source of healthy materials for us.