8 Killer Attitudes of Bill Gates to be Learned

Bill Gates was one of the famous and astonishing entrepreneurs who initiated the technological revolution by launching a software company after leaving Harvard in 1974. He was a benefactor, investor, and also co-founder of Microsoft. His success at Microsoft made him gain the title of one of the well-heeled men in the world.

From the beginning of a modest business journey to establishing an immense software company, Bill Gates had faced countless challenges.

Even though he resigned from being the Microsoft Executive Officer, young entrepreneurs still can emulate and learn few far-reaching business values which are capable of developing them into outstanding entrepreneurs.

To make it easier for those budding entrepreneurs, we have compiled a few golden business values from Bill Gates in this article. Do read further to find out more!

1. Accelerate forward and keep innovating

To remain competitive in today's startup world, you should accelerate further and focus on unceasing innovations. This is what was successfully executed by Bill Gates and we want young entrepreneurs to follow in his footsteps too.

Bill Gates thinks that 'Crucial accelerating issues mostly is not against technical but the culture'. This convinces everyone that the survival of a company is solidly based on speed and should move as fast as possible.

2. Thinks ahead of time

To make sure you are one step forward, you should predict the future and be prepared in advance. Half of Bill Gates' success depends on his futuristic vision. This is the reason why Microsoft is one step ahead in the competition.

Although he knew he would retire, he had already thought ahead. During interviews, he stated that televisions, magazines, the internet, and mobile phones will be world-widely used soon. Now, all his predictions have come true.

All his plans brought him satisfying results. So, it is a must for every entrepreneur to think ahead and not miss any upcoming opportunities.

3. Your time is valuable

Bill Gates always reminds young entrepreneurs about the value of time to avoid them procrastinating during working hours. That is the reason why he advises young entrepreneurs to choose their battle wisely. Even the richest people in the world cannot purchase the time. No matter how much is in your bank balance or wallet, you just cannot buy additional time. The defines how precious time is.

Those hours, minutes, and seconds you wasted cannot be redeemed even though you expend billions of dollars to repurchase them.

So, pinpoint the activity you are wasting more time on in your schedule and cut down the time spent on it. Make sure you acquire worthwhile meeting sessions instead of exhausting most of your time on meetings that end with no beneficial results. Stay away from distractions to stay productive and accomplish better results.

4. Learn from mistakes

When you are encountered with failures, Bill Gates suggests you accept them, learn from the mistakes and forge ahead.

One of Bill Gates' most popular quotes is, “It's nothing to celebrate victory but the important key is to observe, identify and learn from failure”. reflects his approach to deal with failures in his life.

According to Bill Gates, failure shares equal importance to success because it brings you back to reality and pushes you to figure out gaps and causes of failure.

As a result, you are able to clarify the issue and avoid repeating mistakes. Consider those failures as an opportunity to learn and not a factor to quit.

5. Perseverance

Another quality of Bill Gates that made him be victorious is his capability to survive. Paul Allen, the co-founder of Microsoft who launches software company along with Bill Gates, has written about the perseverance Bill Gates has acquired in an article, “Bill craved closure and he would hammer away until he got there”.

Entrepreneurs who want to achieve overnight success or have dreams to get rich instantly should read this quote.

“There is nothing that was overnight” - Bill Gates

Early versions of Windows operating systems such as Windows 1.0 and Windows 2.0 were not very successful but Bill Gates' consistent persistence made Windows the most popular operating system in the world.

6. Take Risks

Young entrepreneurs cannot abstain from thinking out of the box and choose the pathway which has not been explored. According to Bill Gates, victories lie in unexplored areas and entrepreneurs should be willing to explore those unexplored areas.

Bill Gates' confidence and tendency to take risks made Microsoft a prominent software company even though many do not have an idea about computer software.

“If you want to win big, you sometimes have to take big risks” - Bill Gates

Bill Gates' words are the best source of inspiration for entrepreneurs who are willing to take big risks to achieve superior results.

7. Don't give up

No matter how cruel the journey is, you should not give up if you wish to be victorious. Failures are part of entrepreneurs' life and have influenced the greatest entrepreneurs in the world.

Before launching Microsoft, Bill Gates along with Paul Allen started Traf-O-Data, a company that is responsible to analyze traffic data. Unfortunately, it failed miserably and left a hefty debt burden on both of them.

Bill Gates learned an important lesson from this failure and continued to launch Microsoft. Although Microsoft was not successful in the beginning, his strong will to not give up made him survive.

In the end, he succeeded in building a prominent software company and got rewarded for not giving up his dreams.

8. Focus on dissatisfied customers

A vast number of entrepreneurs treat their customers who are dissatisfied with their products and services rudely.

In the eyes of traders and entrepreneurs, they think that their actions in business are righteous. In fact, if someone is dissatisfied with the services and products offered, it means there are few things that have been overlooked.

Bill Gates regards dissatisfied customers as a great resource or asset because they convey something that is not yet discovered and capable of boosting the quality of products and services.

He stated, “Your most unhappy customers are your greatest source of learning”.

If you wish to succeed in business, you should hear out and evaluate your customer's dissatisfaction. Take action and revamp based on customer feedback.

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Internet links, dated 13/10/2021, Puchong Selangor for reading, info sharing, and educational purposes only.