Sunday, February 7, 2016

ENTREPRENEUR SPECIAL.............. 5 Lessons from Steve Jobs Entrepreneurs Can Follow This Year

5 Lessons from Steve Jobs Entrepreneurs 
Can Follow This Year

While browsing at a Crossword store in 2011, my eyes fell upon a
 captivating book cover. It bore an image of a man with sharp features,
 round glasses, and a determined stare. A rare stare that seemed to
look through the world and into an uncertain future. It was the
biography of Steve Jobs, the founder of Apple.

Without a second thought, I bought it. I read it within a week and
highlighted the sections that reflected who Jobs really was...beyond
the caricatures and rumours.

Five years later, I flip through it again. As India is already in the era
of start-ups, what better time than now for entrepreneurs to learn
from the man who made 'a dent in the universe'? 

Be Different

It is said that Jobs was a creator, not a manager. In fact, Walter Isaacson
called him one of the worst managers in the world. Jobs sincerely
believed that normal rules didn't apply to him. 

He's fundamentally odd and weirdly flawed as a human being. But he has an amazing instinct for what works!
- Bill Gates


It was his alternative thinking that revived Apple from death's door
and made it the dominant player in the market. Jobs took the road
less travelled and introduced a new 'Walkman' - the iPod - and insisted
that users buy music from iTunes.

The original smartphones such as BlackBerry, Palm Treo, and Good
Technology had physical keypads before Apple revolutionised the
market with touchscreen phones.

The lesson: Don't strive to beat your competitors. Be different and
change the game.

Seek Inspiration in all places 
I was on one of my fruitarian diets. I had just come back from
the apple farm. It sounded fun, spirited, and not intimidating.

Who knew that the name of a common fruit would become synonymous
with high technology! Jobs derived profound inspiration from simple
things. Deeply influenced by Buddhism in India, Jobs returned to the
States with a bald head and simple attire. The experience proved
pivotal for Apple. It is said that Apple's motto 'Think Different' arises from Buddhism.

The lesson: Inspiration lies in every sphere of life. Seek and make
the most of it.

Stand Up for what is Right 
I will spend my last dying breath if I need to, and I will spend every penny of Apple's $40 billion in the bank, to right this wrong. I'm going to destroy Android, because it's a stolen product. I'm willing to go thermonuclear war on this... I don't want your money. If you offer me $5 billion, I won't want it. I've got plenty of money. I want you to stop using our ideas in Android; that's all I want.

Steve Jobs created an original product, and he didn't go down easy when he
saw his idea stolen by other players. The litigation war between Apple and
Samsung over patents owned by the former is widely known. In 2011,
an Australian judge issued a temporary order banning the sale of the
Samsung Galaxy Tab in Australia because it infringed on two patents
held by Apple relating to multi-touch.

The lesson: Healthy competition is essential for every business. It fuels
innovation and growth. But foul play isn't healthy and one must take
a stand for what is right.

The Vision Lies Above all

The year was 1985. The world was stunned when Jobs was fired from
 Apple, the company he started. Fired by a CEO he himself recruited.
Jobs said in his Stanford speech: 
And I was fired! How can you get fired from a company you started? Well, as Apple grew, we hired someone who I thought was very talented to run the company with me, and for the first year or so things went well. But then our visions of the future began to diverge and eventually, we fell out. When we did, our board of directors sided with him.

Jobs didn't compromise on his vision. His lack of humility was heavily
criticised then. When he started Apple in the 70s, he affirmed that, even
if he lost all his money, he would possess his company. Fired by his own
company, his quote was mocked by the media and the people.

In 1995, when Apple was three months away from permanent shutdown,
Jobs was recruited as the CEO. And what followed gave the world a
new definition of technology.

The lesson: It is paramount for an entrepreneur to define his beliefs
and follow his vision...even when the circumstances test him hard.

Intend to Leave behind a Legacy 
Hewlett and Packard built a great company, and they thought they had left it in good hands. But now it's being dismembered and destroyed. I hope I've left a stronger legacy so that will never happen at Apple.

Steve Jobs wanted to create a lasting culture at Apple that stayed after
his departure. Apple started an MBA-like program in 2008 called Apple
University to pass on Apple culture and business ethos to top executives
 - ensuring that Jobs' ideals would live on after his death.

The lesson: Culture, not just structure, matters in an enterprise.
Deliberately working towards creating a culture will ensure that
your enterprise's repute and legacy will remain intact after you. 

By Swapnil Gaur

COMMON SENSE

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