Successful Entrepreneur

Steve Jobs is maven of the well-nigh victoryful entrepreneurs and was listed as Fortune Magazines Number One near regnant logical argument reality of 2007 bug extinct of twenty-five other top businessmen. He is the co-founder, chairman and CEO of apple Inc. and was the CEO of Pixar Animation Studios until it was acquired by the Walt Disney Comp some(prenominal) in 2006. Steve Jobs is currently the Walt Disney Companys largest shareholder and a member of its progress of Directors. He is considered a leading figure in both the computing forge and visualizetainment industries.He is also widely credited as the journeyman of the mack, the iPod, the iTunes Store, and the iPhone, among other intimacys. His history in business has contributed greatly to the myths of the quirky, individualistic atomic amount 14 Valley entrepreneur, emphasizing the importance of formula while understanding the critical role aesthetics play in public appeal. His encounter whimsical forwa rd the phylogenesis of proceedss that are both functional and elegant has get him a devoted and popular following. Steve Jobs passion was eer technology from a young age, so he took his start job at Atari Inc. hich was a leading manufacturer of impression games.He struck up a colleagueship with fellow designer Steve Wozniak. Steve and Steve developed a system with a toy whistle which work up it possible to financial support free considerable distance telephone calls. Together with orchard apple tree co-founder Steve Wozniak, Steve Jobs helped popularize the personalisedized ready reckoner in the late 70s, and in the early 80s. After losing a business leader struggle with the board of directors in 1985, Steve Jobs resigned from orchard apple tree and founded NEXT, a computer platform development social club specializing in the higher education and business securities industrys. nighs subsequent 1997 buyout by apple brought Steve nates to the alliance he co-founde d, and he has served as its chief executive officer since his return. A trustworthy example of a successful entrepreneur who strived with his passion to be the trounce. breeding story of Steve cr consumework of Minnesota Jobs - Steve Paul Jobs, was an orphan adopted by Paul and Clara Jobs of Mountain View, calcium in 24th February 1955. Jobs was not happy at school in Mountain View so the family moved to Los Altos, California, where Steven go to Homestead High School. His electronics teacher at Homestead High, Hohn McCollum.After school, Jobs attend lectures at the Hewlett-Packard electronics business firm in Palo Alto, California. There he was hired as a summertime employee. other employee at Hewlett-Packard was Stephen Wozniak a recent dropout from the University of California at Berkeley. An engineering whiz with a passion for inventing electronic gadgets, Wozniak at that time was perfecting his blue box, an illegal pocket-size telephone attachment that would take into a ccount the user to make free long-distance calls. Jobs helped Wozniak sell a number of the de delinquencys to customers.In 1972 Jobs graduated from high school and register at reed instrument College in Portland, Oregon. After dropping out of Reed subsequently one semester, he hung around campus for a year, taking classes in philosophy and immersing himself in the counterculture. Early in 1974 Jobs took a job as a video game designer at Atari, Inc. , a pioneer in electronic arcade recreation. After several months functional, he saved plenty gold to adventure on a trip to India where he traveled in search of ghostly enlightenment in the company of Dan Kottke, a friend from Reed College.In autumn of 1974, Jobs returned to California and began attending meetings of Wozniaks Homebrew information processing system Club. Wozniak, equivalent most of the clubs members, was content with the joy of electronics creation. Jobs was not interested in creating electronics and was at pres enthere near as good an engineer as Woz. He had his eye on marketplaceability of electronic products and persuaded Wozniak to work with him toward building a personal computer. Wozniak and Jobs designed the orchard apple tree I computer in Jobss bedroom and they build the prototype in the Jobs garage.Jobs showed the machine to a local electronics equipment retailer, who ordered twenty-five. Jobs veritable merchandising advice from a friend, who was a retired CEO from Intel, and he helped them with selling strategies for sell their late product. Jobs and Wozniak had great inspiration in starting a computer company that would produce and sell computers. To start this company they change their most valuable possessions. Jobs sold his Volkswagen micro-bus and Wozniak sold his Hewlett-Packard scientific calculator, which raised $1,300 to start their vernal company.With that capital base and credit begged from local electronics suppliers, they set up their first production line. J obs encouraged Wozniak quit his job at Hewlett-Packard to become the vice president in charge of research and development of the new enterprise. And he did quit his job to become vice president. Jobs came up with the name of their new company apple in memory of a happy summer he had spent as an orchard worker in Oregon. Apple Company and Steve Jobs Jobs and Wozniak put together their first computer, called the Apple I. They marketed it in 1976 at a wrong of $666.The Apple I was the first single-board computer with integrate video interface, and on-board ROM, which told the machine how to load other programs from an external source. Jobs was marketing the Apple I at hobbyists like members of the Homebrew Computer Club who could instantly consummate their own operations on their personal computers. Jobs and Wozniak managed to earn $774,000 from the gross revenue of the Apple I. The following year, Jobs and Wozniak developed the general purpose Apple II. The design of the Apple I I did not depart from Apple Is simplistic and immersion design.The Apple II was the Volkswagon of computers. The Apple II had built-in circuitry allowing it to interface like a shot to a color video monitor. Jobs encouraged independent programmers to invent applications for Apple II. The result was a library of some 16,000 software programs. For the Apple II computer to compete over against IBM, Jobs needed better marketing skills. To increase his marketing edge he brought Regis McKenna and Nolan Bushnell into the company. McKenna was the foremost public relations man in the Silicon Valley. Nolan Bushnell was Jobss former A-onevisor at Atari.Bushnell put Jobs in resuscitate with Don Valentine, a venture capitalist, who told Markkula, the former marketing manager at Intel, that Apple was worth looking into. Buying into Apple with an investment variously estimated between $91,000 and $250,000, Markkula became chairman of the company in May 1977. The following month Michael Scott, who was director of manufacturing at Semi-Conductor Inc. , became president of Apple. Through Markkula, Apple accumulated a line of credit with the Bank of America and $600,000 in venture capital from the Rockefellers and Arthur Roch.Quickly setting the meter in personal computers, the Apple II had earnings of $139,000,000 within three years, a growth of 700 percent. Impressed with that growth, and a trend indicating an additional worth of 35 to 40 percent, the cautious underwriting firm of Hambrecht & Quist in cooperation with Wall Streets prestigious Morgan Stanley, Inc. , took Apple public in 1980. The underwriters price of $22 per share went up to $29 the first day of trading, saving the market value of Apple to $1. 2 billion.In 1982 Apple had gross revenue of $583,000,000 up 74 percent from 1981. Its net earnings were $1. 6 a share, up 55 percent, and as of December 1982, the companys stock was selling for just closely $30 a share. Over the past seven years of Apples creat ion, Jobs had created a strong productive company with a growth curve like a straight line North with no serious competitors. From 1978 to 1983, its entangled growth rate was over 150% a year. Then IBM muscled into the personal computer business. Two years subsequently introducing its PC, IBM passed Apple in one dollar bill sales of the machines. IBMs dominance had make its operating system an industry standard which was not compatible with Apples products.Jobs knew in order to compete with IBM, he would surrender to make the Apple compatible with IBM computers and needed to introduce new computers that could be marketed in the business world which IBM controlled. To help him market these new computers Jobs recruited prank Sculley from Pesi Cola for a position as president at Apple. Jobs enticed Scully to Apple with a challenge If you stay at Pepsi, five years from now all youll overhear accomplished is selling a commode much sugar water to kids.If you come to Apple you ja kes flip-flop the world. Jobs in 1981 introduced the Apple III, which had never fully recovered from its traumatic introduction, because Apple had to bring forward the first 14,000 units to remedy design flaws, and then had trouble selling the re-engineered version. Another Apple failure was the mouse-controlled Lisa, announced to stockholders in 1983. It should soak up been a world beater, because Lisa was the first personal computer controlled by a mouse which made it have a user-friendly interface, but had an un-friendly price of $10,000. The worst social occasion about Apples development of computers was they lacked coherence.Each of Apples three computers used a break apart operating system. Jobs designed the mack to compete with the PC and, in turn, make Apples new products a success. In an effort to revitalize the company and obstruct it from falling victim to corporate bureaucracy, Jobs engulfed a campaign to bring back the values and entrepreneurial spirit that char acterized Apple in its garage computer storage days. In developing the Macintosh, he tried to re-create an atmosphere in which the computer industrys highly individualistic, talented, and often eccentric software and hardware designers could flourish.The Macintosh had 128K of memory, twice that of the PC, and the memory could be expandable up to192K. The Macs 32-bit microprocessor did much than things and out performed the PCs 16-bit microprocessor. The larger concern of management concerning the Macintosh was not IBM compatible. This caused an uphill make do for Apple in trying to sell Macintosh to big corporations that where IBM territory. We have thought about this very hard and it old be wanton for us to come out with an IBM look-alike product, and put the Apple logo on it, and sell a jackpot of Apples.Our earning per share would go up and our stock holders would be happy, but we think that would be the wrong thing to do, says Jobs. The strengths of Macintosh design was no t memory, power, or manipulative ability, but friendliness, flexibility, and adaptability to perform creative work. The Macintosh held the moments possibility that computer technology would evolve beyond the seeless crunching of numbers for legions of corporate bean-counters. As the print campaign claimed, the Macintosh was the computer for the rest of us. The strategy Jobs used to introduce the Macintosh in 1984 was radical.The Macintosh, with all its apparent vulnerability, was a varietyary act infused with altruism, a technical bomb-throwing. When the machine was introduced to the public on Super Bowl Sunday it was, as Apple Chairman Steve Jobs described it, kind of like observance the gladiator passage into the arena and saying, Here it is. The commercial-grade had a young adult female athlete world chased by faceless storm-troopers who raced past hundreds of unemployed eyed workers and hurled a sledgehammer into the image of a menacing voice. A transcendent b dwell. Then a calm, cultivated speaker assured the stupefied multitudes that 1984 would not be like 1984.Macintosh had entered the arena. That week, countless newspapers and magazines ran stories with titles like What were you doing when the 1984 commercial ran? Jobs invocation of the gladiator image is not incidental here. Throughout the development of the Macintosh, he had fanned the fervor of the design team by characterizing them as brilliant, committed marhinals. He repeatedly clothed both public and hidden statements about the machine in revolutionary, sometimes violent imagery, first supporting(a) his compatriots to see themselves as outlaws, and then target the audience to imagine themselves as revolutionaries.Jobs, like all those who worked on the hurl, saw the Macintosh as something that would neuter the world. Jobs described his Macintosh developing team as souls who were well grounded in the philosophical traditions of the last 100 years and the sociological traditions of the 60s. The Macintosh team pursued their project through grueling hours and against formidable odds. A reporter who interviewed the team wrote The machines development was, in turn, traumatic, joyful, grueling, lunatic, rewarding and ultimately the major resultant role in the lives of almost everyone involved.The image Jobs wanted the public to have of the Macintosh was young, wears blue jeans, and lives in an 80s version of the 60s counterculture. Macintosh was impatient, uncomfortable, and contemptuous of everything that was stodgy or hierarchical. He/she was both creative and committed, believing strongly that his/her work ultimately matters. Even if we counted beans for a living, we secretly saw ourselves as wild-eyed poets. Jobs approach in developing the Macintosh was like the history of telephones.When the telegraph became popular for communication a century ago, some people suggested putt a telegraph machine on everyones desk, but everyone would have had to gain Morse code. Just a few years later black lovage Graham Bell filed his first patents for the telephone, and that easy-to-use technology became the standard means of communication. Were at same juncture people just are not going to be willing to spend the time learning Morse code, or reading a 400-page manual on word processing. The current times of personal computers just will not any longer. We want to make a product like the first telephone.We want to make tidy sum market appliances. What we are trying to develop is a computer that privy do all those things that you might expect, but we also offer a much higher performance which takes the form of a very easy-to-use product. As the Macintosh took off in sales and became a big hit, crapper Sculley felt Jobs was hurting the company, and persuaded the board to strip him of power. John Sculley tried to change the discipline of the company by controlling costs, reducing overhead, rationalizing product lines to an organic law that some in the industry called Camp Runamok.Sculley came to the conclusion that we could run a lot better with Steve out of operations, he says. Jobs tended to value technological elegance over customer needs which is a costly luxury at a time of slowing sales. And Jobss intense involvement with the Macintosh project had a demoralizing effect on Apples other divisions. Jobs was exiled to an office in an auxiliary building that he nicknamed Siberia. Jobs says he did not get any assignments and piecemeal found that important company documents no longer come on his desk.He told every member of the executive staff that he wanted to be helpful in any way he could, and he made sure each had his home phone number. some ever called back. It was very clear there was nothing for me to do, he says, I need a purpose to make me go. He soon came to conceive that he would find no purpose within Apple. In July, Sculley had told shelter analysts in a meeting that Jobs would have no role in the opera tions of the company now or in the future. When Jobs heard of the sum he said, Youve probably had somebody punch you in the stomach and it knocks the arouse out you and you cannot breathe.The harder you try to breathe, the more you cannot breathe. And you know that the only thing you can do is just relax so you can start cellular respiration again. The conterminous Step Steves Come back to Apple Jobs sold over $20 million of his Apple stock, spent days cycle along the beach, feeling sad and lost, toured Paris, also goes on a spiritual trip to India with his friend. The Mr. Nobody, Steve, started again once he was out of his super rich, super successful period. After three years, he founded a new company, Next. He launched Next Cube.It was an extremely powerful and much expensive machine at that time and probably, an offering to an immature market. It failed miserably. Then Steve and his company, Next, moved to the do of softwares and operating systems. His money and propert y were not with him, but his creative intellect was. He showed an interest in George Lucas company, the Pixar Animations. George Lucas is considered the father of modern special effects in the films. Lucas was not interested in Pixar, so Steve took charge of the company in 1986. He entered into a contract with Disney in 1990.Pixar made the animations and Disney did the marketing and distribution of the animation films. Steve could read the future five years ahead. In 1995, the Toy Story proved to be the huge success in Hollywood and Pixar never looked back. however now this Steve was not the Steve of 1080s. He gradually became Zen Buddhist. Meanwhile, he saw street arab Gates climbing the success ladder with sheer business techniques and not with orthodox ideologies. By the way, the flagship product of Microsoft, the Windows operation system, is nothing but an adaptation of the ideas of Steves Macintosh computer. bill Gates proves to be an extremely practically businessman who a long with working for Apple also copied the technologies of Apple Macintosh Oh You would ask what happened to Apple after Steves exit Imagine a body without its soul This is no exaggeration. After leaving its soul, the company instead of running, started crawling. Without Steve, the entire computer business in the world changed in the decade of 90s. Nobody could match the locomote with the changing times. Apple Corporation was about to announce bankruptcy and it was about to become insolvent.At that time, the then Apple old-timer, Mr. Gil Emilio took an unprecedented decision. He obdurate to buy a new operating system for the Mac computers. And the best and advanced operating systems were made by only one company in the vicinity, and that was Steve Jobs company, Next As per the contract between the Apple and the Next, Steve re-entered his own company after 12 years. And that too, just for a net income of $ 1 a year But this time the new Steve was dissimilar from what he used to be back in 1980s. This Steve came with a lot of learning from life.Now it was his turn to stage the boardroom drama. In 1997, in the board meeting Steve once again was elected the CEO of the Apple Corporation. The new all-powered Steve created Ometra, the contract wherein all the employees were made to agree to the term that the boss decision is final in any matter Steve had already tasted the fruits of being the ideologist. Now he was a shrewd businessman, with a lot of practical mind setup. He knew that Apple did not have enough funds to carry out its research projects. So he vie one big master stroke.He invited none other than, Mr. Bill Gates to invest in Apple Bill Gates was more than ready to invest in Apple, because the person, who copied the technologies of Steve, had to have the greatest trust in his capabilities Apple was now on track again. Steve was save purist and idealistic as far as the technological innovations and the aesthetic looks are concerned. He made the new OSX operating system, which was a huge success in the market (In OSX, we already have different versions like, Chitah, Puma, Jaguar, Panther, and Tiger.Recently we have seen the successful launch of its Leopard & Snow Leopard version in 2007). Steve also launched the transparent computers in the market for the first time in the name of iMac. Then, we got the super finely designed, iBook laptop from Apple. In 2001, Steve made portable digital practice of medicine player called, the iPod. Steve constantly considered the Windows operating System an inferior product as compared to the Macintosh products (which to a large extent is even true). He always called Windows as running(a) in Hell.But this Steve was ready to compromise with his beliefs for the success of his company. He, eventually, started fashioning the Windows enabled Macintosh computers. The unimaginable success of iPode literally scrambled the pillars of world symphony industry Just two years ago, he sold out his anim ation studio Pixar to Disney and in return, got the life-time directorship on the Disneys board. Steve re-entered Apple by playing the gimmick of taking a salary of $ 1 per year. But he, after getting into his company again, proved very influential and last year he was the highest-paid CEO of AmericaBut amidst such an entire scenario, the time and life struggles had taken their toll on Steves health. He was diagnosed with Pancreas cancer. He fought with his cancer also and came back victoriously. He sensed that the mobiles with music player were giving tough competition to his iPod. So, he decided to enter an entirely new market segment for Apple, the mobile market. And the result is in front of us The iPhone Apples creativity has got a support in the face of a ruthless, hardcore, practical businessman. The Apple Corporation, today, is valued at more than $120 billion.Bill Gates has failed to proceed further from Windows. And Steve, with his mind power, has gifted us with some of the greatest innovations of our time. When the ever struggling and always winning Steve recently, in a function, told Bill Gates that we have more past moments to cherish than deciding on the future road correspond, everybody around could easily see tears in the eyes of both long time friends He gave a very emotional, touching and quite an inspiring speech to management students on their Commencement in the Stanford University in 2005.This story of successful entrepreneur is much more exciting than watching a fantasy film, isnt it? The story is of a young man getting all the glitz and glories in his heydays, losing everything because of dirty corporate games, and again through his own intelligence, coming back to the top Achievements of Steve Jobs Year after year and event after event, Steven Paul Jobs, popularly known as Steve Jobs has won countless accolades and laurels for his work and dedication to the revolutionize the IT industry.Whether it was the ball ntroduction of Mac c omputers to the world in the 70s or the inception of the universal revolution called iPhone in 2007 or the most recent revelation of iPad, Steve Jobs has been iconic in the contributions he has made to computer and internet technology every cause why he has been ruling the roost as one of the most admired CEOs of the industry. The primary reason being the impeccable success of the Apple iPad tablet that launched early this year which has sold millions of units world-wide till date. The Apple iPad still continues to make waves and is no doubt, treated as a culture long suit of comparison for other competing tablet PCs