Struggling Entrepreneurs Succeed

Question: Discuss about the Struggling Entrepreneurs Succeed. Answer: Introduction: It has been clearly observed and could be stated that being a successful and real entrepreneur have not been an easy task. They were recognized as the people who have transformed an idea into a profitable startup with their own with the help of money and a selected team of workers. These innovative people or the bootstrapped entrepreneurs were recognized as people who push at each corner and was consistently working, something too much for their own good Success Story, 2016). Also, there has been such type of people who have lived on nearly nothing in hand but still have become successful one of which was Jack Ma, the originator and chairperson of Alibaba Group. So, in this essay the leading life examples of Jack Ma, Richard Branson and Tee Wee Kiat (myBurgerLab) would be discussed as they in his entire life have struggled hard in order to attain what they have attained in order to become a successful entrepreneur and one of the richest men. Who would have even desire that one day the crazy man Jack Ma would become the head of Alibaba Group which was chinas prevalent e-commerce trade. Before attaining such successful life he was an English teacher who was rejected by a number of managers including KFC in China (Forbes, 2016). It could be well stated that it takes an exceptional individual to gather a overall net cost over $ 20 billion by way of a dedicated work ethic at the same time as keeping a intellect of viewpoint (Viswanath, 2016). When he talks about the leading blunders of his life which he has ever made as he states that when he initiated to establish the company he asked his workers that the uppermost stage they could attain would be that the directors should have been employed from outside (Gregersen, 2016). He affirmed that he was concerned in English Language from his early days and during his teens he worked as a foreign guide. He gave the entrance exam for Hangzhou Teachers College twice and failed but he tried and became flourishing the third time and got a degree in English. He taught English in the university and founded his first corporation in 1994, which granted English translation and interpretation (Kux, 2016). In the year 2014, the Alibaba Group was registered an IPO on the New York Stock Exchange that lifted the worth to $21.8 billion. It was the major ever in Amercia and gave the corporation a market worth of $168 billion, the uppermost such cost in IPO narration at that point of time for any electrinic corporation (Erickson, 2015). So, he stated that it was never been simple to do trade as entrepreneurs have to put in unremitting attempts to be successful (Soper, 2015). They spend day and night distressing about a number of things. They give up time and social gatherings which they had with their friends and families but their attempt might merely be unproductive. Richard Branson was regarded as an entrepreneur who launched Virgin Records in 1973. And presently in todays time following the struggles which he has faced Virgin Group embraces more than 200 corporations in more than 30 states. He was a drop out from school at the age of 16 and at that time he made up his mind which eventually directed towards the establishment of virgin records. His innovative task initiated in the music business and extended into other segments by which he became rich. He expanded his innovative attempts yet again, this time to incorporate the journey corporation the Voyager Group in 1980 and many more. But his accomplishment was not constantly expected. So, by 1992, Virgin was abruptly stressed to stay monetarily floating. The Corporation was then sold later that year to THORN EMI for $1 billion. He was acknowledged in 1999 for his participation to private enterprises, and in 2009, he landed on the front page of Forbes' as "World Rich men" list with his $2.5 billion in self-made luck, which comprised of two personal land masses. Tee Wee Kiat (MYBURGERLAB) Teoh Wee Kiat was regarded as a adolescent entrepreneur who has for eternity had a obsession for the trade humanity defined as one-third of the myBurgerLab beginning trio. A long time previous to charcoal buns and burger patties initiated in his life, as a younger Wee Kiat came up with bold and imaginative manners to produce an additional returns while following his derived education. Upon graduating with a grade in the subject of Finance Accounting from Nottingham University, he spent two years in the labor force in employment, review, and publicity. Then, jointly with Chin Ren Yi and Cheah Chang Ming, he experiments in the area of foodstuff and tea and coffee to create what people now known as myBurgerLab. Three years later, he was observed to be grown to love entrepreneurship even more when he co-founded another trade called Ops Ninja with Chok Ooi. His future thoughts including construction of a university and an actual lifestyle mall. In spite appearances, it was no overnight success. He was prepared for the long hours of FB as he has had some practice. One summer, he made efforts as part of the housekeeping worker in Yellowstone National Park. The last job he did was in audit and people should know how crazy audit hours were, so FB was not much different, he said with a rueful grin. Therefore, it could be concluded that when individuals states that it was easy to do trade, they were just being arrogant. Therefore, in order to be successful entrepreneur a person has to take all types of risks at all times. It desires to have an unreserved commitment both in a physical and a mental manner. To be rich suddenly only subsists in TV dramas. People desire to dedicate time and endeavor in order to ascertain a successful trade. Only spending time and energy doesnt make sure that success would be attained, but an person could never succeed otherwise (Stone and DOnfro, 2014). There has been a number of elements which would lead a person to attain success which includes: Unconditional dedication; Put brain in carrying out any work; Give time, energy and physical force to ones trade, etc. So, it could be stated that Jack Ma faced a lot of problems in order to be successful which he is in todays world. References Erickson, J. (2015) Jack Ma To Struggling Entrepreneurs: To Succeed, Be Grateful. [Online] Alizila. Available from: https://www.alizila.com/jack-ma-struggling-entrepreneurs-succeed-grateful-2/ [ Accessed on 23/12/16] Forbes. (2016) The Worlds Most Powerful People.[Online] Forbes. Available from: https://www.forbes.com/profile/jack-ma/ [ Accessed on 23/12/16] Gregersen, E. (2016) Jack Ma. [Online] Britannica. Available from: https://www.britannica.com/biography/Jack-Ma [ Accessed on 23/12/16] Kux, S. (2016) 8 Keys to Success from Jack Ma, Self-Made Billionaire and CEO of Alibaba. [Online] Life Hack.Available from: https://www.lifehack.org/articles/work/8-keys-success-from-jack-self-made-billionaire-and-ceo-alibaba.html [ Accessed on 23/12/16] Soper, T. (2015) Alibaba founder Jack Ma: Being an entrepreneur isnt about making money. [Online] Geek Wire. Available from: https://www.geekwire.com/2015/alibaba-founder-jack-ma-being-an-entrepreneur-isnt-about-making-money/ [ Accessed on 23/12/16] Stone, M., and DOnfro, J. (2014) The Inspiring Life Story Of Alibaba Founder Jack Ma, Now The Richest Man In China. [Online] Business Insider. Available from: https://www.businessinsider.in/The-Inspiring-Life-Story-Of-Alibaba-Founder-Jack-Ma-Now-The-Richest-Man-In-China/articleshow/44153645.cms [ Accessed on 23/12/16] Success Story. (2016) Jack Ma Success Story. [Online] Success Story. Available from: https://successstory.com/people/jack-ma [ Accessed on 23/12/16] Viswanath, A. (2016) Chinas Jack Ma hits gold with Alibaba. [Online] The Financial Express.Available from: https://www.financialexpress.com/opinion/chinas-jack-ma-hits-gold-with-alibaba/444121/ [ Accessed on 23/12/16]