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Six Business Lessons You Can Learn from Bill Gates

Six Business Lessons You Can Learn from Bill Gates
 

It’s a landmark year for the world’s richest man. Bill Gates and his friend Paul Allen launched Microsoft 40 years ago with the goal of getting a computer on every person’s desk. Now, 84% of U.S. households own a computer. Fifteen years ago, Bill and Melinda Gates started their charitable foundation with the goal of reducing inequity, and have put more than $30 billion to work toward that end. Early in 2015 the couple picked a big bet for the foundation’s next stage: “The lives of people in poor countries will improve faster in the next 15 years than at any other time in history. And their lives will improve more than anyone else’s.” In May Gates said his foundation would back a disease surveillance network in Africa and South Asia to be on the lookout for the next Ebola or SARS. The following month Melinda Gates announced a $776 million investment over the next 6 years to improve nutrition and reduce child mortality caused by malnutrition. Source: Forbe.com 

Below are the six business lessons you can learn from Bill Gates:

1. Anticipate new technological trends.

Bill Gates did not go with everyone else’s consensus on computers at the time. He envisioned a world full of personal computers, and he created one. He did not follow trends: he set the trends.

2. Seize new opportunities.

Bill Gates bought the DOS operating system for a tiny amount of money and managed to make it world-famous. He saw something that could have value and made it valuable, being willing to spend some small amounts of money in order to make money.

3. Know your competition.

While not all of Bill Gates’s practices for dealing with his competition were ethical, it is still important for business owners to have a sense of their competitors. They can certainly handle them in other ways.

4. A successful business requires efficiency more than people skills.

Bill Gates is famously lacking in social skills and he was able to achieve success with a running business anyway. He was a product person more than a people person, but it didn’t matter when it came to the success of the bottom line.

5. Timing is everything.

Bill Gates got his ideas off the ground at just the right time. There will never be a company quite like his again, even if there are companies that are just as influential.

6. Know when to sell the business.

Many people still treat Bill Gates as if he were the owner of Microsoft, even though he was just one of the founders. He sold the business at just the right time and cleaned up as a result, and the business has now been going strong for over forty years.


PM Leadership is Cambodia’s leading seminar organizer on success, business, and wealth creation.  PM Leadership was Founded in 2011 with a mission “To Lead Humanity into Success and Financial Growth” We provides exclusive, proven, and affordable educational programs that help business owners and professionals to succeed faster, make more money and enjoy life with family. More information about our next education program please visit www.pmleadership.net or call: 023 6364 966 

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