According to a recent research, worldwide, there are over 2.01 billion monthly active Facebook users for…which is a 17 percent increase year over year; on Facebook, five new profiles are created every second and there are about 1.32 billion people on average who log onto Facebook daily. Mark Elliot Zuckerberg, CEO and Cofounder of Facebook has over the years become one of the most influential people in the world and arguably one of the most successful entrepreneurs in recent times. To think that Zuckerberg started building Facebook from his dorm room in Harvard University as a student who wanted to create a platform to connect with other Harvard students is indeed awe inspiring. Yet, building a social media platform to a multi-billion dollar company didn’t happen overnight.
Among other things that contributed to the growth of Facebook are Mark Zuckerberg’s extraordinary leadership skills and entrepreneurial capabilities. Mark Zuckerberg teaches us that as student entrepreneurs, we can start creating potential successful businesses right from our hostels and dorm rooms provided we have passion, focus and the right skills.
Here’s what else Mark Zuckerberg can teach us about business and success.
1. Believe In your Idea
Mark Zuckerberg left Harvard after his sophomore year to concentrate on the site because he believe ardently in his idea. This contributed greatly to Facebook initial success. Had Zuckerberg had any doubt whatsoever about his idea, he wouldn’t have been able to make that bold step of quitting school, and Harvard University for that matter. Today, Zuckerberg is better known as one who built the most successful and foremost social media platforms from his dorm room and not one who quit school. And that’s what you can achieve when you are an unapologetic believer of your idea. Make bold and informed decisions that will help you establish your dreams – this may not necessarily mean that you have to opt out of school. If you are willing to make right and needed sacrifices for your business, success will eventually come. That’s what we learn from Zuckerberg.
2. Have Unflinching Passion for what you do
Zuckerberg developed an interest in computers at an early age; when he was about 12, he used Atari BASIC to create a messaging program he named “Zucknet.” His father used the program in his dental office, so that the receptionist could inform him of a new patient without yelling across the room. Even before Harvard, Zuckerberg’s passion for computer programing and apps motivated him to create many apps. Despite doing well in Literature and some sports, Zuckerberg remained fascinated by computers, and continued to work on developing new programs until he created Facebook with some of his friends in 2004.
If you are passionate about anything, keep at it, never stop pursuing it and someday, you will achieve your dreams with it. Don’t let anything come between you and your passion. You will achieve your dreams if you don’t stop. Zuckerberg never stopped pursuing his dreams, not even when offered a billion dollar by yahoo CEO, Terry Semel. Love what you do, care about it, dedicate enough time and energy to it and you will surely achieve your dreams. That’s what we learn from Mark Zuckerberg.
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3. Focus on Money Will Distract You
If money was all that mattered to Mark Zuckerberg, he would have jumped at Terry Semel’s offer. But he didn’t. Zuckerberg has always been very clear that Facebook will be a successful independent business, yet money was not his motivating factor but a desire to impact on the society. At some point he had to change direction, the idea of the product itself was changing too. But he knew he wanted to keep working on it, didn’t want to see his hard work in the hands of others, believed in the potential of the social media and was sure that only he and the other people involved in the project were able to make the most of it. So if you have a business or an idea you are passionate about, don’t do it for the money, Love what you do first, care about it, dedicate enough time and energy, and the money will come. But money will come only when you provide value through your enterprise. That’s what we learn from Mark Zuckerberg.
4. Expect To Face Stormy Weather Early on
The creation of ‘Facemash’, a superficial program that allowed users to select the best looking person from a choice of photos which was created by Mark Zuckerberg while in Harvard was met with serious oppositions. In fact the popular site caused trouble for him. Not only did people not like their photos being used on a public website, but it overwhelmed Harvard’s network switches, which made it impossible for students to access the Internet. Zuckerberg had to apologize to his school authority. But that experience had nothing to do with his progress. He did not allow his initial troubles at Harvard stop him from becoming the youngest billionaire in the world. Despite negative response from people, he went on to do an even greater project that would greatly impact Harvard and eventually, the world.
Stormy weathers are norm when starting your business, no matter how passionate or skilled you are at it. Trying times will come to test how much of determination and dedication you possess for your business. Don’t let those hard times deter you. Push further, no matter how many Nos or negative responses you hear and someday, somehow, you will get a positive response.
Apart from business lessons from billionaire Mark Zuckerberg, there are other important lessons his personal life instill in us, from his utter simplicity to his prioritizing his family and his enviable philanthropist penchant, lessons abound. We would like our next post on Zuckerberg to look into lessons from his personal life. Meanwhile, what other business lessons do you learn from Zuckerberg?