(10/31) Markets can be
intensely competitive with companies
constantly rising and falling. If you want to
succeed in the business world, it’s a wise
idea to study the business greats who have
already found success. Whether it has to do
stock investing or retail. With
that in mind, let’s go ahead and go over some
of the greatest business minds of the last
Hero to Zero and Back Again
Steve Jobs was one of
the most influential businessmen of both the
1980’s and the 2000’s. Ultimately, Jobs was a
story of early success and hubris paving the
way for failure, and then finally redemption.
Jobs was one of the
early visionaries of the home computer
industry. The early Apple computers he created
sold well, but Jobs was also known for being
arrogant and dismissive. This ultimately cost
Jobs his career, and he was forced out of
Jobs went on to found
NeXT, another computer company. Both NeXT and
Apple would flounder through the 90’s, until
Steve Jobs returned to Apple in 1997. Jobs
would reposition Apple as a consumer
Jobs learned from his
failures, becoming a less bombastic boss.
Apple then went from being a penny stock to
becoming the most valuable company in the
Don’t Focus on Revenge, Focus on Success
Warren Buffett is
perhaps the most successful investor in
history. Buffett is famed for his value
investing model, which focuses on finding
undervalued stocks and investment
opportunities. Still, even Buffett makes
Buffett has stated
that Berkshire Hathaway itself was his
worst investment. Berkshire was
once a struggling textile mill. Buffett and
Berkshire’s CEO ended up in a squabble over a
As a result, Buffett
bought Berkshire Hathaway simply so he could
fire the CEO.
Buffett believes his thirst for revenge may
have cost him as much as $200 billion in
missed opportunities. However, Buffett also
learned a valuable lesson, and going forward
the Oracle of Omaha focused strictly on
This helped him become
one of the richest people in history.
Jeff Bezos -
Leaving Wall Street Behind for the Unknown
Jeff Bezos already had
a successful career in finance and IT when he
came up with the idea for Amazon. At the time,
Bezos was a successful young professional, but
he wanted something more. Bezos realized that
the Internet was going to be huge.
Bezos packed up his life in New York City,
quit the hedge fund he worked for on Wall
Street and moved to Seattle. He launched
Amazon out of his garage, first selling books
and other easy-to-ship items.
Amazon has since grown
to become one of the largest retailers in the
United States and Bezos one of the richest
individuals in the world.
Sam Walton outlined
10 rules for business success. We’re only
going to talk about the first rule because
it’s arguably the most important one: Commit
to your business.
What does that
actually mean? Believe in your business more
than anyone else. Overcome personal
shortcomings and business challenges with pure
passion and hard work.
Walton participated in
an intensely competitive market. Yet, he was
able to build one of the world’s largest
retailers through dedication and passion.
If you study the other people mentioned on
this list, you’ll see that passion was a
There’s no surefire
recipe for business success. However, the
greatest business people were driven by
passion, learned from their mistakes and paid
attention to detail.