7 Lessons to Learn from Mark Zuckerberg to Become a Successful Billionaire
By Rahul Banker on July 18, 2012
Finally, I’m back to my writings and I hope you still love The Copy Paste Blog as much as I do and excuse me for being inactive for such a long time but now that I’m back, I promise you some good write-ups regularly. Have fun. Today, I want to talk about Mark Zuckerberg. The most successful youngest individual billionaire at the age of 24 and when I’m writing this article, his website is said to be having 900 million active users and the most amazing thing : He all did it without a college degree and with a project he started in his small room. Enjoy this good read, you’ll love it.
I’ve always loved Mark for his success, the way he works, the way he responds and the way he approaches to the problems. So, here’s the breakdown of those 7 lessons you must learn and notice in him.
Never Put off by Competition
Do you know? When Mark Zuckerberg was working on Facebook, he was going to compete with the giants of his time like Orkut which was backed by Google, MySpace which was boasting his 5 million users, Friendster which had raised $13 million ininvestments but he didn’t bother about this because he trusted himself for what he was doing and that’s the most amazing thing I see in him as an entrepreneur. If there was any other person than him, he might have thrown away the towel but it was the perseverance of Mark and his team which we see as a success today.
As there is a saying “If your dream are not worth laughing for, maybe they’re too small” and that’s what Facebook was about when it was started. Not too many people would dare to believe that a project they had started in their college dorm room would end up becoming a worldwide phenomenon. Mark always had big plans at very early stage of the startup and that’s what has led him to become one of the most successful entrepreneur.
Be Prepared to Handle Criticism
He quoted “You can’t have 500 million friends without making few enemies” and that’s what he looks to do when he try to handle criticism. In its rise to being the world’s most popular social network, Facebook has suffered its fair share of setbacks. Law suits, design chances, privacy issues, ban in several countries and what not? It was his determination which makes him what he is today.
Learn to be Exclusive
Zuckerberg always knew what he is up-to and that’s why he always tried to maintain supply against demand ratio and for that, he didn’t open up the site for everyone at the early stage. At first, it was only available to members of the top American colleges, Harvard, Yale, Dartmouth etc and then as it started become famous amongst those students, many other college students in US wanted to get the access which created a kind of a buzz and demand for him which he was looking for and gained that much-needed attraction towards Facebook from students.
Never be Afraid to Take Risks
What he did? He cancelled meetings, shunned major investors, ignored important phone calls! That was a real big risk he took to create a demand from investors to invest in Facebook when trying to raise funds for Facebook. A normal entrepreneur can’t even think of shunning a major investor for their startup. Hats off to this man for his strategies. Eventually, he had twelve large investment companies clamoring to fund his site.
Believe in What You’re Doing
As I mentioned above, looking at his competitors any other entrepreneur could have given up on the idea but Mark believed in himself, he trusted himself to what he was going to do and today, the world has something which they use daily included in their routine and some people like me overuse it (ha-ha). I know how difficult it is to keep working when the world is partying and the dedication of his is really appreciable. It is very difficult to put in the hours and hours of hard work needed to build a company from the ground up, without truly believing in and enjoying what you are doing.
Be Clear about the Mission and See it Through
Once he said that his mission to start Facebook was to make the world more open and as you can see today, Facebook reunites lost friends, families, spreads news like no other social network does, helps gather people for any event may it be against the oppressive government as we saw what happened in few countries of Gulf. It’s all about keeping the goal very clear in mind.
There is a big debate between people who say it was just a stroke of luck which made him a billionaire and those who say it is because of his dedication, persistence, hard-work and good business skills and I’d be with those 2nd kind of people because I too believe that Facebook was not just an overnight success story, it’s something more than that if you analyze.
He gained everything he has through a combination of hard work, passion, and the courage to dream big. By not shying away from taking risks and moving forward in the face of major competition, it is possible for any entrepreneur to be just as successful. I just hope, you get some motivation out of his life. Cheers and kudos to this man.