Dhirubhai Ambani, founder of the Reliance Industries, was no ordinary leader. He was a man who gave management a whole new “ism”.

There is a new “ism” that I’ve been meaning to add to the vast world of words for quite a while now. Because, without exaggeration, it’s a word for which no synonym can do full justice: “Dhirubhaism”.

1. Dhirubhaism No 1: Roll up your sleeves and help.
2. Dhirubhaism No 2: Be a safety net for your team.
3. Dhirubhaism No 3: The silent benefactor. This was another of his remarkable traits. When he helped someone, he never ever breathed a word about it to anyone else. There have been none among us who haven’t known his kindness, yet he never went around broadcasting it.
4. Dhirubhaism No 4: Dream big, but dream with your eyes open.
5. Dhirubhaism No 5: Leave the professional alone! no supervision, no policing. In fact, the only direction that he gave me, just once, was this: “Produce your best.
6. Dhirubhaism No 6: Change your orbit, constantly!
7. Dhirubhaism No 7: The arm-around-the-shoulder leader. He would instantly put his arm around people & proceed to discuss the issues at hand as we walked. With that one simple gesture, he managed to achieve many things.
8. Dhirubhaism No 8: The Dhirubhai theory of Supply creating Demand. He was not an MBA. Nor an economist. But yet he took traditional market theory and stood it on its head. And succeeded.
9. Dhirubhaism No 9: Money is not a product by itself, it is a by-product, so don’t chase it.

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There are many college and school dropouts who have amassed a huge amount wealth. Here are some college dropouts who went on to become billionaires. . .

The billionaire college dropouts list shows that a combination of qualities like vision, determination, hard work, business acumen, ability to spot an opportunity and turn it into a winning venture, leadership and motivational skills, etc is more important than a college degree.

 

1. Bill Gates - Founder Microsoft.
2. Steve Jobs - Founder Apple.
3. Dhirubhai Ambani - Founder Reliance.
4. Carl Icahn - Leading Global Investor (Leading a shareholder revolt to unseat Yahoo’s Board).
5. Li Ka-Shing - Chairman of Hutchison Whampoa and Cheung Kong Holdings.
6. Subhash Chandra - Founder of Zee TV and the Essel Group.
7. Roman Abramovich - Russian businessman best known for owning the UK’s Chelsea Football Club.
8. Ralph Lauren - Fashion King, Chairman and CEO of Polo Ralph Lauren Corporation.
9. David Geffen - Founder of Geffen Records and Dreamworks SKG.
10. Lawrence Joseph Ellison - Co-founder and CEO of Oracle Corporation.
11. Gautam Adani - Chairman Adani Group, one of India’s largest export & trading houses.
12. Andrew Carnegie - Industrialist and steel tycoon of yesteryears.

Click here to read the entire story.

 

They excelled in spotting a market opportunity and as a result changed the way people live.

 

How many entrepreneurs have there been in the history of the world? Millions, certainly, probably even billions. These are the men and women who take capital — their own or somebody else’s — and use it to beget more capital. Some fail, some succeed, some excel.

With so many candidates to choose from, any list of the 10 greatest entrepreneurs of all time will necessarily be somewhat arbitrary. It will also be top-heavy with Americans, just as a list of great chefs would be disproportionately French or of great eccentrics dominated by the British.

Business is what America does. If that sounds chauvinistic, get over it.

Here, without further ado but with tongue occasionally in cheek, are history’s 10 greatest entrepreneurs.

 

 

To read the entire article please click on this link.
http://www.msnbc.msn.com/id/5519861

Author: Philipp Harper
Published in: http://www.msnbc.msn.com/

 

The ability to grasp the big picture, persistence, and creativity are a few of the entrepreneurial traits of many dyslexics.  - Just ask Charles Schwab

When Alan Meckler, the CEO of IT and online imagery hub Jupitermedia (JUPM), was accepted to Columbia University in 1965, the dean’s office told him he had some of the lowest college boards of any student ever admitted. “I got a 405 or 410 in English,” he recalls. “In those days you got a 400 just for putting your name down! Yet I was on the dean’s list every year I was there, and I won a prize for having the best essay in American history my senior year.”

It wasn’t until years later, at age 58, that Meckler learned he was dyslexic. He struggles with walking and driving directions, and interpreting charts and graphs. He prefers to listen to someone explain a problem to him, rather than sit down and read 20 pages describing it. As a youth, Meckler discovered a unique strength—baseball—and cultivated it religiously to compensate for weakness in other areas. 

To read the entire article please click here.

Author: Gabrielle Coppola
Published in: http://www.businessweek.com

 

There is a misplaced sense of romance about entrepreneurship.

If you want to be an entrepreneur in order to become wealthy, my suggestion is, don’t. There are very few entrepreneurs I know who succeeded without a long period of financial struggle, belt tightening and personal sacrifice. More often than not, success will take longer in coming than you think. There will be times when at the end of the month there will not be enough money to pay the office rent and employee salaries, but you will somehow scrape though.

There will be times when you yourself will not be able to take home a salary for months. There will be years on end when you will be financially the worst-off person in your batch from business school.

During these years, you will need to make compromises on your lifestyle—the house you are able to afford, the car you drive, the holidays you take, the restaurants where you eat and the schools your children go to.
And all this without any guarantee of success, in search of the big idea, hoping for venture capital funding— years without any light at the end of the tunnel.

To read the entire article please click on this link.
http://www.livemint.com/2008/08/14022048/Entrepreneurship-it8217s-a.html

Author: Sanjeev Bikhchandani,
Co-founder of Info Edge India (Naukri.com)
Published in: http://www.livemint.com (The Wall Street Journal)

Why does everything cool happens in a garage? Why not the basement or the living room?

What does HP, Microsoft, Apple, Google and almost all of the big companies of today have in common….

Answer: Yes its the GARAGE.

Watch this post for more in the coming days.