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Why bill gates chose warren buffet as his role model

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Should you use a role model to develop your business? Maybe you should: the top business magazines say, ‘be yourself, be authentic, share your story’ Or maybe you shouldn’t. For entrepreneurs, using a role model creates a dilemma. Does it mean you’ve sold out? Do you lose street cred? Can you really copy someone else and be true to yourself?

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Why bill gates chose warren buffet as his role model

  1. 1. FRONT PAGE ABOUT CONTACT US RSS ← Why Middle Age Waitresses Get Bigger Tips Than Leggy Blondes To search, type and hit enter How to Run a Profitable Home Business from Day One → Why Bill Gates Chose Warren Buffet as His Role Model SUBSCRIBE April 20th, 2010 ∙ View Comments ∙ Entrepreneurship   Should you use a role model to develop your business? Maybe you should: the top business magazines say, ‘be yourself, be authentic, share your story’ Or maybe you shouldn’t. For     entrepreneurs, using a role model creates a dilemma. Does it mean you’ve sold out? Do you lose street cred? Can you really copy someone else and be true to yourself? Identifying Role Models That Suit Your Business Let’s take a step back and look at what having a role model really means. n Using a role model helps clarify your business vision. n It provides a frame of reference. n As you build your business, you can use your model as a sounding board. n It’s not a way to avoid who you really are but to n Strengthen your business while you and your business develop. Most business leaders use mentors for inspiration. Why do you think a young Bill Gates spent some much time with Warren Buffet? Sometimes it’s more than being rich. Software Development Templates Bill Gates & Warren Buffett – Credit: Photo AP In his autobiography, Gates highlighted three key points about choosing a role model: n Make sure they share your core values n Can help assess difficult business decisions and n Take you (and your ego) out of the decision-making process For example, you could also use this technique to explore how others would approach the situation you’re in. n What would Richard Branson do in this situation? http://ivan.klariti.com/entrepreneurship/why-bill-gates-chose-warren-buffet-as-his-role-model/3396/ Page 1 / 8
  2. 2. n How did Gates get little MicroSoft (before it rebranded as Microsoft) to beat IBM? n How did Jay Z get past his critics and naysayers? 5 Role Models: How They Overcame Obstacles, Criticism and Discrimination Let’s look at five role models and see where and how they’ve overcome these obstacles. # 1 JayZ ‘He’s just a rap star’, I hear you say. Is he? Well, how did he make $500 from his fashion empire? Things to note about JayZ. The fashion industry didn’t want him to succeed. The music industry didn’t want him to succeed. Even some of his own fans didn’t want him to succeed. Why? People who shake up an industry destroy the status quo. The incumbents prefer to keep things as they are. And who wants ‘outsiders’, anyway? Read it whichever way you will; JayZ broke down these barriers. He took the flak, but it was worth it. Who knows what he plans to do next? Is he worried? #2 Walt Disney Today Disney is about theme parks and playing catch-up with Pixar. But it wasn’t always like that. In the 1940s, Disney was to the film industry, what Steve Jobs is to gadgets today. He totally changed how way movies were made. To this day, his techniques are used in art houses all over the world. Most don’t even know they came from Disney! For example, he created a zoo on the studio lot so the artists could improve their drawings. The results were classics like The Jungle Book, Bambi, and Cinderella. Will anyone watch The Incredibles in 100 years? Hardly. But, they’ll still watch Snow White. If your business involves design, art, creativity, or innovation, read his biography. He’s not the caricature you might think he is. #3 Pete Cashmore Mashable.com makes $50,000 per day. Every day. Pete Cashmore setup his site not in Silicon Valley or New York, but in cold, rainy Scotland. How un-cool is that? Cashmore’s success is due to timing, networking and leveraging Social Media. And as he writes about Social Media, he should know. Mashable.com is not the prettiest site in the world. It looks a bit ‘thrown together’—but that’s part of the appeal. CNET, by contrast, is pixel perfect. But it’s also sterile, bland, and soulless. Where do you want to hangout? #4 Kobe Bryant From Beijing to Bangkok, Kobe Bryant is one of the most popular sports stars, bigger than Beckham, Messi and Phelps in China. What are you really trying to say… Black sports stars have a very hard time in Asia; racial intolerance is very high. Bryant has eroded these barriers by visiting mainland China many times (often several visits a year), speaking a few words in Chinese, and looking at though he really enjoys himself. And I think he does! Michael Phelps, by contrast, endures his PR visits to China. You can tell he can’t wait to get on the next plane home. Bryant has taken the long view. He’s reached out to the Chinese. When his career wanes, there will be many, many business opportunities for him Asia. He’s planted to seeds. http://ivan.klariti.com/entrepreneurship/why-bill-gates-chose-warren-buffet-as-his-role-model/3396/ Page 2 / 8
  3. 3. #5 Bill Gates Gates started out in Seattle (not LA, Silicon Valley or New York). As a teenager he would get up at 4am, run over to the university, program for hours, and then head back to school. He kept falling asleep in class. His drive to succeed at a young age was remarkable. RECENT POSTS n 5 Quick Pointers On Startup By 18, he’d become an established authority in specialized software (early 70s) which opened many Funding Strategies doors for him. Microsoft grew from these early efforts. Today, you may not think of him as an Entrepreneur, but n Business Negotiation Tactics: The read old IT Magazines and you’ll see how he broke down many barriers and was seen as a visionary. Secret Power of Learning To Say No n Office Politics #1 – How to Give Conclusion Your Boss Feedback n Productivity Tips: How to Answer 70 Malcolm Gladwell estimates (ed – it was Dr Erikson but we’ll let that pass) that you need to put in 10,000 hours Emails a Day — and then some more – to become an expert in a field. The common denominator among these n How to Run a Profitable Home Entrepreneurs is that they make the commitment, established themselves as an authority, and then dominated Business from Day One their respective fields. There are no shortcuts. In their own way, each of them overcame setbacks, criticism and other obstacles in BUSINESS TEMPLATES their journey to succeed. Action Plan Maybe you don’t see it now, as they’ve come through the hardest parts. But if you read their stories, you can Bill of Materials drawn from their experience, and use this as encouragement to develop your business. That’s what I think. Business Case What do you think? Business Continuity Plan What have I missed? What other role models would you recommend? Business Needs Statement About the Author: Business Plan Ivan Walsh helps people develop web business models. See how he does it at www.ivanwalsh.com Business Process Design Business Requirements                 Business Rules Related posts: Case Study Templates 1. What 3D Formats can Acrobat 3D import? Communication Plan 2. Why Middle Age Waitresses Get Bigger Tips Than Leggy Blondes Cost Benefit Analysis 3. Five Steps to An Effective Business Plan Employee Handbook 4. 5 High-Paying Careers for English Speaking Professionals in China Feasibility Study Tags: Bill Gates ∙ Business ∙ China ∙ Disney ∙ entrepreneur ∙ JayZ ∙ Kobe Bryant ∙ Mentor ∙ Model ∙ Politics ∙ PR ∙ Proposal ∙ Role ∙ Role Model ∙ Startup ∙ Strategy ∙ Tactics ∙ Vision Grant Template Marketing Plan VIEW COMMENTS SO FAR ↓ Policy Manual Like gas stations in rural Texas after 10 pm, comments are closed. Statement of Work Standard Operating Procedure SALES & MARKETING TEMPLATES Business Agreement Forms Instant Business Letter Kit Instant Home Writing Kit Last Will and Testament Forms http://ivan.klariti.com/entrepreneurship/why-bill-gates-chose-warren-buffet-as-his-role-model/3396/ Page 3 / 8
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