About these ads

Lessons From ‘Business Adventures’


wealthymattersBill Gates recently revealed that his favourite business book is Business Adventures, a 1969 collection of New Yorker articles by John Brooks that illustrate the formation of the modern American corporation. Here are some of its key lessons that are still applicable today:

Innovators need to keep innovating

Gates writes that one of the most instructive stories in the book is the article, “Xerox Xerox Xerox Xerox.” After the Xerox 914 hit the mass market in 1960, “xeroxing” a document soon became office parlance. Five years later, Xerox brought in $500 million in revenue. Move a few years into the future, Xerox’s leadership became comfortable resting on its laurels. This attitude would eventually lead to huge losses in the late 1970s as competitors started releasing their own photocopiers. But because Xerox executives didn’t think these ideas fit their core business, they chose not to turn them into marketable products. Others stepped in and went to market with products based on the research that Xerox had done. Gates says, “I’m not alone in seeing this decision as a mistake on Xerox’s part.” Read more of this post

About these ads

The Answer Is : Fail!


wealthymatters

Bill Gates On Expectations


“Expectations are a form of first-class truth: If people believe it, it’s true.” – Bill Gates

Bill Gates On His Work Ethic


wealthymattersI never took a day off in my twenties. Not one. And I’m still fanatical, but now I’m a little less fanatical.
Bill Gates

Hard Drive: Bill Gates And The Making Of The Microsoft Empire


wealthymattersThis is a biography of Bill Gates by James Wallace and Jim Erickson.It focuses on the early years of  Bill Gates and Microsoft.

I have just now finished the book and recommend it if you are interested in his early formative years in Lakeside,his early moneymaking attempts,his forming  a software company with Paul Allen during his Harvard days,his early tendency to just get a product out of the door etc, you might find the book useful.

The book also highlights Bill’s weaknesses such as his squeaky voice,dandruff,poor personal hygiene,poor people skills,a compulsive need to win no matter the cost and no matter the trivialness of the contest.etc

The book will also allow you to glimpse the drive and determination that made Microsoft what it is today and propelled Gates to the top of the Forbes List.With Bill business always came first and you will get to see the hard ball Bill played to make Microsoft numero-uno in software,

But be warned,the book is dated and stops with Windows 3.0.So read it for the focus on the eairly years.

Follow

Get every new post delivered to your Inbox.

Join 2,357 other followers

%d bloggers like this: