Characteristics of Successful Entrepreneurs (Bibliography of Bill Gates)

3.0  Characteristics of Successful Entrepreneurs

 Bibliography

William Henry (Bill) Gates III was born on October 28, 1955. He was born in a family with a rich business background, political background and always serve the community. Since he was a child, he has shown his interest in computer systems and software. In 1974, he was studying at Harvard University but dropped out of university after one year to focus on his passion for computers. He and his wife, Paul Allen founded Microsoft, which has partnered the leading company in the field of IT and managed to maintain it until 2008. Bill Gates has a characteristic of entrepreneurs that made him a successful entrepreneur. (Bill Gates, 2011)

                                             The photo of Bill Gates when he was young

                                                                                              

The Characteristics Of Bill Gates

3.1)       Visionary

            They were able to overshadow the future, also known as a visionary. Bewawasan also means advantages for someone to see what other oaring unable to see or think of the future. They sound mostly been able to identify or predict what will happen in the future based on the action to be performed. In this case, the visionary entrepreneur can be seen inside Bill Gates. This is so because from the first day when he first did that involve computer work, he aims to have a personal computer on every desk and every computer has Microsoft. He built his empire based on this insight and still continue to work to achieve that goal. (Bill Gates, 2011)

3.2)       Observant

            Observant entrepreneurs means they adhere to pursue their ambitions. In reaching a goal, an entrepreneur must be focused and everything that is done should be done as quickly as possible to achieve good results. What should be noted is designed without intermixed with other things. For Bill Gates, he is a devout in its goals. This is evident from a young age when he plants his interest in computers. Therefore, since then, he has planted interest to ensure that each computer has the Microsoft software and he also chestnut to be the richest man in the world. So, to ensure that this goal is achieved, he was willing to withdraw after a year studying at Harvard University and the university is a chimera students for studying there. (Bill Gates, 2011)

3.3)       Self Motivated

            Self Motivated is defined as those who can afford it to draw up an action ordered that indeed it was committed. Self motivated attitude is the manner in which a person is wise to use the opportunities that exist in achieving success. They are usually doing something proactive work smarter than others and efficient mind in thinking. Bill Gates is a self motivated person. This attitude helps him to find a place in his chosen career. He also knew how to use ideas from competitors or labor to improve his product. He also was proactive as he is willing to use the time during the night to use the computer in achieving its objectives. (Bill Gates, 2011)

3.4)       Opportunistic

            Every entrepreneur must be dare and know how to take opportunity for success. However, successful entrepreneurs are those who dare to take the opportunity. This is because, for any eventuality, whether good or bad that will give a lesson to a person, especially entrepreneurs in planning future strategy. Company's current MITS had fallen, Bill Gates and his wife had been writing software for other computers and the existence of new companies such as Commodore, Apple and Tandy Corp. However, in 1979, when the company Microsoft has reached to its peak, Bill Gates has been found that the company IBM has faced major problems in managing its new computer operating system PC. Therefore, he has to buy existing operating system of small Seattle company. The system was purchased at a price of 50,000 dollars and make it as MS-DOS (Microsoft Disk Operating System). The system is licensed to IBM. It can be proved that the original Bill Gates had a problem but he was taking a opportunity by buying software from other companies and licensed to IBM. Although IBM has held the MS-DOS Microsoft, but the company still has the right to give a license to another company. (Bill Gates, 2011)

3.5)       Creative & Innovation

            Some see Bill Gates as an innovative visionary who sparked a computer revolution. In just 25 years, he built a two-man operation into a multibillion-dollar colossus and made himself the richest man in the world somewhere along the way with creative and innovative thinking. He achieved this feat not by inventing new technology, but by taking existing technology, familiarising it to a specific market, and then take over that market through innovative promotion and cunning business savvy. As an innovator, Bill Gates took the time, twice a year, to read and ponder the future of Microsoft and the creative thinking of his employees. Any employee could use their creative thinking to write up ideas and send them for Gates’ perusal. He has said that he may read 100 papers during a Think Week and his record was 112 papers. Not just reading, Gates took the time to respond to employee suggestions. One paper might have resulted in an email sent to hundreds of Microsoft employees worldwide. Employees waited with baited breath to see if their paper or idea might receive the go-ahead following one of these famous Think Weeks. (Bill Gates, 2011)