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Lecture 15

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Lecture 15

Uploaded by

ABDUR REHMAN
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© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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LECTURE NO 15: Successful Entrepreneur

Stories

Zeeshan Riaz
PhD Scholor
HITEC University Taxila Cantt, Pakistan

1
ORGANIZATION OF LECTURE
1. John Paul DeJoria.
2. Jan Koum.

3. Howard Schultz.

4. Oprah Winfrey.

5. Do Won Chang.

6. Ralph Lauren.

7. Steve Jobs and Steve Wozniak.

8. Sam Walton.

9. Wahaj Us Siraj.

10. Shahzad Roy.


22
1. John Paul DeJoria
(1/2)
• Entrepreneur John DeJoria is
entirely self-made. He is most
well known as the founder of
the Paul Mitchell line of hair-
care products. But his early
life was not characterized by
riches: he started his career
as a truck driver, janitor and
even sold Christmas cards
door-to-door. He was fired
from his first job in haircare —
while working for Redken 3
Laboratories. Then, in 1980,
he formed John Paul Mitchell
1. John Paul DeJoria
(2/2)
• His thoughts on success? Dejoria once said,
“The biggest hurdle is rejection. Any
business you start, be ready for it. The
difference between successful people and
unsuccessful people is the successful
people do all the things the unsuccessful
people don’t want to do. When 10 doors are
slammed in your face, go to door number
11 enthusiastically, with a smile on your
face.” Sounds like wise words to us.

4
2. Jan Koum
• Could you live without
WhatsApp? No, we couldn’t
either. Thankfully Jan Koum, a
Ukrainian emigrant to the USA,
invented the communication
app in 2009. After being born
into poverty, Koum began
learning about computers. At
18, he already had high-level
skills, and in 1997, he began
working for Yahoo! as an
infrastructure engineer. He
launched WhatsApp to great
acclaim after buying his first 5
smartphone and having the idea
for the product, which allows
3. Howard Schultz (1/2)
• Starbucks founder Howard
Schultz may be synonymous
with entrepreneurial success,
but life wasn’t always so rosy.
His family didn’t have much
money and he grew up in a
housing estate. He paid for
college with government
loans and money earned
from part-time jobs. He was
also the first person in his
family to go to college. It was 6
while working for a coffee
company that Schultz first
3. Howard Schultz (2/2)
• In 1985, Schultz left Starbucks and decided to
open his own coffee house. He raised the
$500,000 he needed to open the first store
and started his business. Two years later, the
original Starbucks management decided to
sell its retail unit to Schultz and Starbucks as
we know it today was born. Schultz is now
worth in excess of $3.2 billion — not bad for
an empire that he dreamed up over an
afternoon cup of coffee!
• His experiences have led him to develop a
philosophical approach to life. “I believe life is
a series of near-misses,” he once said in 7

a speech. “A lot of what we ascribe to luck is


4. Oprah Winfrey (1/2)
• The powerful woman we know today
as a talk-show host, writer,
campaigner, Golden Globe winner
and global icon was actually born
into poverty in rural Mississippi and
raised in inner-city Milwaukee. Yet
she didn’t let her past define her
future. After a troubled childhood,
Winfrey landed a job in radio while
still in high school. By 19, she was a
co-anchor for the local evening
news. Soon after, she became a
daytime talk-show host and went on
to launch her own production
company. By 32 years-old, Winfrey
was a millionaire. By 2000, she had a 8

net worth of $800 million, making


Winfrey the richest African American
4. Oprah Winfrey (2/2)
• In a speech at the Golden Globes, Oprah
explained, “The single greatest wisdom I
think I’ve ever received is that the key to
fulfillment, success, happiness, contentment
in life is when you align your personality
with what your soul actually came to do. I
believe everyone has a soul and their own
personal spiritual energy. When you use
your personality to serve whatever that
thing is, you can’t help but be successful.”.

9
5. Do Won Chang (1/2)
• Won Chang might not be a
household name, but his
fashion chain Forever 21
certainly is. Before launching
the retail empire in 1984, Won
Chang worked as a janitor, at a
gas station and in a coffee
shop when he first moved to
America from South Korea. The
first store he opened with his
wife was 900 square feet in LA,
and they opened with only
$11,000 in savings, plunging it
all into the business. At first 10

the shop was called Fashion 21


5. Do Won Chang (2/2)
• It’s now an international, 790-store
empire and Do Won Chang is said to be
worth $3.2 billion.
His top tip? Never forget where you
come from. Speaking to the LA
Times, Won Chang said: “Forever 21
gives hope and inspiration to people
who come here with almost nothing.
The fact that immigrants coming to
America, much like I did, can come into
a Forever 21 and know that all of this
was started by a simple Korean
immigrant with a dream.”
11
6. Ralph Lauren (1/2)
• Household name and fashion
industry titan Ralph Lauren
graduated high school in the
Bronx, New York, but later
dropped out of college to join
the US Army. He was working
as a sales assistant at US
menswear store Brooks
Brothers when he began to
wonder if men were ready for
something more colorful,
specifically when it came to
ties. In 1967, he decided to 12
try his hand at running his
own business and he started
6. Ralph Lauren (2/2)
• The Ralph Lauren Corporation is now a global
multibillion-dollar enterprise and Lauren is a
household name, counting A-list models and
actors as close friends. As of 2018, Forbes
estimates his wealth to be $7.2 billion, which
makes Ralph Lauren the 91st richest person in
America.
His advice to would-be entrepreneurs? “You
have to create something from nothing,” and,
“The world is open to us, and each day is an
occasion to reinvent ourselves.”

13
7. Steve Jobs and Steve
Wozniak
• The story of (1/2)
Steve Jobs and
Steve Wozniak starting Apple
Computers in a garage in Los
Altos, California, is well-
known. The pair had pulled-
out from their respective
college courses and began
developing consumer
computer devices in Jobs’
parents garage in California.
But before this, Steve worked
an assortment of low-paid
jobs, including one when he 14
was 13, for Hewlett Packard.
After developing a couple
7. Steve Jobs and Steve
Wozniak
• When (2/2)in 2011, he was said to be
Steve died,
worth $10.2 billion. He’d built this up over
time. He had a million dollars to his name in
1978, when he was just 23. As for his legacy?
Well, it’s in our pockets, on our screens, at
the cinema in the 2015 film Steve Jobs, and
all around us.
• His advice to you? Persevere when times get
tough. “Sometimes life is going to hit you in
the head with a brick. Don’t lose faith,” he
is quoted as saying.

15
8. Sam Walton (1/2)
• Founder of Walmart, one of
the biggest superstores in the
USA, Sam Walton, had just
returned to private life after
serving in the US army during
World War II, when he opened
his first retail store in 1945.
His father-in-law lent him
$25,000 which was used to
buy his first store, and
thankfully he became an
immediate success. By the
mid-1970s, Walmart was 16
valued at more than $176
million. Today, it has more
8. Sam Walton (2/2)
• Walton’s tips for success? These are
explained in detail in his book, Made In
America, but one of his key principles is to
follow your own path, not the path followed
by others. “Ignore the conventional
wisdom,” he says here. “If everybody else is
doing it one way, there’s a good chance you
can find your niche by going in exactly the
opposite direction.”

17
9. Wahaj Us Siraj

• Wahaj Us Siraj is the CEO and Co-Founder


of Nayatel, a leading fiber-to-the-home
(FTTH) service provider in Pakistan. Nayatel
has revolutionized the internet and
communication landscape in Pakistan by
providing high-speed and reliable 18
connectivity to homes and businesses,
under Wahaj’s leadership. His
10. Shahzad Roy
• Shahzad is not just a
renowned musician but also
an inspiring social
entrepreneur. He founded
the Zindagi Trust, a non-
profit organization that works
towards improving the quality
of education in Pakistan’s
government schools. Through
innovative initiatives and a
dedicated team, Shahzad Roy
is transforming the
educational landscape of the 19
country, providing a ray of
hope for underprivileged
THANK YOU

20

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