“Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”
The journey of Steve Jobs has and will always inspire entrepreneurs across the world. His expedition as a college dropout of making the ends meet to getting considerable exposure to the world of computer while working on game software in Atari and letter co-founding Apple with his partners Steve Wozniak and Ron Wayne is known to many young aspirants by heart.
While Apple’s Steve Jobs is a role model for many, these wacky entrepreneurs such as Howard Schultz and Emily Weiss have considerably impacted society and the young minds through their inspiring journey. So, without further ado, let’s go behind the scenes and seek much-needed inspiration from the successful entrepreneurs’ stories during the COVID crisis.
#1 John Paul DeJoria
John Paul DeJoria is as much of a household name as Steve Jobs and Elon Musk. And his struggles are an inspiration for the young aspirants today. John started as a newspaper carrier and worked many jobs as a janitor and tow truck driver during his struggling days to make ends meet. After shifting jobs, he eventually joined a haircare company, where he met Paul Mitchell.
The duo started a business together with a loan of $700.Years later that business has turned into the conglomerate under the name of John Paul Mitchell Systems. You might recognize the names Patron Spirits and House of Chains which were also co-founded by DeJoria making him worth more than $3.1 billion.
#2 Pierre Omidyar
Along with personal care grooming, technology has become an inevitable part of our lives, especially online shopping. Did you know how eBay, the popular e-commerce site came into the picture? In 1995, Pierre Omidyar, a computer programmer started a website by the AuctionWeb to auction his stuff.
However, after receiving the huge response and website traffic Pierre upgraded to a business internet account and started charging people for auctioning their stuff on his website, which later turned into e-commerce giant eBay.
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Instead, they tend to place greater focus on operational matters of their companies.Here are the 4 most worrying issues small business owners face, in order of importance:CrimeArthur Goldstuck, principal researcher of the survey and MD of World Wide Worx says 27% of respondents cited crime as the most worrying factor.
says Melt Van der Spuy, a director of business banking at Standard Bank, one of the largest banks in the country.DebtorsThe issue of debtors, which is related to cash-flow, came next with 13% of respondents rating it as important.CompetitionCompetition was a lowly fourth-ranked, with only 12% of respondents deeply worried about what their rivals were up to.
"When competition keeps you awake, you're concerned about market share.
This doesn't seem to be a focus for South African entrepreneurs, and tends to be a bigger factor in the corporate environment," he says.Where SMEs look for helpThe survey also looked at places SMEs were most likely to go for help to deal with their most pressing concerns.
The research found that:Accountants were the most favoured - The research found that 72% of the respondents turn to an accountant.The bank - 59% of respondents say they look to the bank for help.Legal advisors - Legal advisors were the third favoured providers of assistance and advice, with 53% saying of SMEs relying on legal advisors.Consultants - About 33% of respondents said they rely on consultants to provide the help they need.Mentors and Coaches- The survey found that only a small number of respondents (9%) use a mentor or coaching.
However, 50% of those using these services regard themselves as highly competitive as compared to those who don't use mentors and coaching.Why SMEs have some resistance to mentors Van der Spuy says the accountant is a good choice for independent business advice.
