Friday, April 27, 2012

Be The Next Business Genius

Are you Conceptual or Experimental?

According to Marc Freedman Conceptual geniuses tend to do their best work while young, producing breakthrough ideas early in their careers. But experimental geniuses, by contrast, need a long period of time to reach their peak, moving forward by trial and error, slowly accumulating the elements that will be integrated into their fully realized work

Penniless, recently divorced, and raising a child on her own, she wrote her 1st book on an old manual typewriter. 12 publishers rejected it! one year later a company agreed to publish it but insisted she get work elsewhere as there was no money in children’s books. J.K Rowling, the author of the hugely successful Harry Potter series later said, "You might never fail on the scale I did, but it is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all—in which case, you fail by default."

Americans between the ages of 55 and 64 had the highest rate of entrepreneurial activity of any age group. In midlife, when jobs are hard to find the grey-haired applicants are usually not welcome. Recent research shows that one in four Americans between the ages of 44 and 70 are interested in starting their own businesses or running a nonprofit organizations within the next 5years that is a whooping 25 million people in the race. Guess what!!! there is room for everyone in business but not so with Jobs

How would you rate Mark Zuckerberg against Warren Buffet: conceptual or experimental?

Buffet was the only son of three children born to the four term congressman Howard Buffett of Nebraska. As a kid he went from door to door selling chewing gum, coca-cola and weekly magazines. He worked in his grandfather grocery store and sold golf balls and stamp while in high school.

At age of 11, he bought shares for himself and his sister. while in high school he invested in his fathers company and bought a farm worked by a tenent farmer. By the time he finished college, Buffett had accumulated more than $90,000 in savings. Buffet attended Wharton Business School of the University of Pennsylvania from 1947 to 1949

Warren Buffett was an investment salesman at Buffett Falks from 1954 -56, at Graham Newsman Corporation from 1956-69 as a security analyst, at Berkshire Hathaway from 1970. He became a millionaire in 1962 and merge all his companies into Berkshire Hathaway. He is worth about $39 billion

What about Mark Zuckerberg?

Zuckerberg will likely be worth around $25 billion when Facebook goes public in 2012. In 2010, advertisers spent about $1.8billion on facebook alone. Mark Zuckerberg's base salary will receive a dramatic pay cut to just one dollar when he goes public. Zuckerberg's pay cut would reduce his income tax burden to zero.

Zuckerberg's salary cut is being compared to similar moves by other tech titans. Google's Eric Schmidt and Larry Page who are paid just $1 annual salaries. Steve Jobs took just $1 in salary from 1997 until his death last year. Other members of the one-percent/one-dollar club include Oracle's Larry Ellison and Hewlett-Packard's Meg Whitman.

Zuckerberg was born in 1984 and in febuary 2004 he started facebook from his Harvard Dorm at just 20years of age.

During Zuckerberg's high school years, under the company name Intelligent Media Group, he built a music player called the Synapse Media Player that used artificial intelligence to learn the user's listening habits, which was posted to Slashdot and received a rating of 3 out of 5 from PC Magazine. Microsoft and AOL tried to purchase Synapse and recruit Zuckerberg, but he chose instead to enroll at Harvard University in September 2002.

What about YOU?
Are You Concetual or Experimental?

Research shows that most people made their wealth from, banking, retail, property and creativity.

"Nothing in the world can take the place of persistence. Talent will not, nothing is more common than unsuccessful men with talent. Genius will not, unrewarded genius is almost a proverb. Education will not, the world is full of educated derelicts. Persistence and determination alone are omnipotent"

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