Bill Gates Entrepreneurship – What are the Principles of Bill Gates?

Bill Gates Entrepreneurship

Microsoft co-founder Bill Gates has been known for sharing his opinion about everything around us. Now, he is again setting the course with sustainable energy and focusing his investment on an American startup. To abolish them by 2050 and slow down climate change, among other benefits, the Breakthrough Energy coalition, in which other names such as Jeff Bezos or Michael Bloomberg also participate, seeks to promote the Catalyst program, which has the purpose of accelerating the deployment of clean technologies.

Without a doubt, the ideal business situation of the 90s was Bill Gates, owner of Microsoft and, for many years, the most excellent fortune in the world. It was confirmed by numerous surveys, in which even Steve Jobs was a long way from the genius of Seattle.

His company was created in 1975, but it was in 1990 that it took off too, making him the wealthiest person in the world, thanks to the launch of Windows 3.0. Despite this, his controversial methods caused many to not only not admire him but even hate him.

Here are the most essential Principles of Bill Gates.

1. Love what you do

From his first interaction with a computer, which occurred at the private school in Seattle where he studied, Bill Gates was surprised by how this machine worked and became a computer enthusiast. From a young age, he became a programmer and did not finish his studies at Harvard University to dedicate himself entirely to his software company.

In addition, Bill Gates is so passionate about technology and its possibilities that, along with Microsoft, he has worked on other initiatives that range from reliable energy alternatives to condom designs that provide a better experience and safety.

2. Find untapped markets

Gates (by luck or intuition) warned that there was a market just as valuable in manufacturing hardware as in software in consumer computing. So while his competitors fought to create the best computers. Bill focused on developing operating systems that allowed him to grow and expand with little opposition.

3. Do not invent the black thread

Bill Gates has often been suspected of a lack of creativity and innovation. Apple even sued Microsoft for seeing that Windows was a plagiarism of the graphical line of its Macintosh.

In addition, since the formation of MS-DOS, which he sold to IBM and later became Windows, the business model would maintain for the following years. It would create functional systems that could run on different computers and that included programs that only could use with that software. Also, it is not top-secret that Windows updates do not mean significant changes but minor improvements to the earlier ones. But one thing is clear: this technique has worked very well.

4. Learn from failures

Bill Gates’s best quote is, “It’s okay to celebrate success, but it’s more important to heed the lessons of failure.” And it is that the co-founder of Microsoft, like everyone else, has faced several falls. Among them are failed products such as Windows Me Millenium. Microsoft Bob (an app that helped with daily tasks), and Windows Vista. Also, his introduction to hardware has not been entirely successful (with the Surface line of computers and the acquisition of Nokia). Hence, a few months ago, he had to lay off 18,000 employees.

5. Surround yourself with the best

From his beginnings as an entrepreneur, Bill Gates knew that the key to success is surrounding himself with intelligent people and hiring the best employees. He knew this since he started the company with his friend Paul Allen, a computer enthusiast.

Gates has pointed out that in addition to talent and intelligence, the policy of his Human Resources part is to hire passionate people who share the business culture and want to face new challenges. In an interview, the entrepreneur said, “when you have smart people working with you, you want to keep them stimulated.”

6. Get the best lessons… from anywhere

Bill Gates has constantly accepted that he is a fan of bridges and that this game is the most precious activity of his ease time. Although he considers himself average, playing allows him to study people and know their strategies to become great players. This game (which involves alliances, developing strategies, anticipating the actions of others, and responding to the unexpected) is an integral part of his development as a businessman.

7. Understand your stages as an entrepreneur

In the company’s initial days, Gates worked practically all day and even repeatedly slept in his office. However, as the business grew, he changed his mentality towards work and his role in the company. In 2008 (at the age of 52), he left his daily duties at Microsoft to dedicate himself mainly to his foundations and to keep the focus solely on the product area.

Every entrepreneur must study this cycle: in the start, the business will need sacrifices and a lot of effort. But over time, you must explore to represent and leave a company culture that continues even once you are not there.

8. Being a geek pays off

Bill Gates said, “Be nice to nerds; chances are you’ll end up working for one of them.” You don’t have to know his history or meet him face-to-face to realise that he is a “nerd” himself. At first glance, his glasses, turtleneck sweaters, and hairstyle give him away. But it is also an excellent example of success. You must be authentic and genuine to yourself, and some qualities of geeks (such as passion, obsession with work, and knowledge) are essential to successful people.

9. Be generous with your society

Bill Gates is as well known on the business side as he is on the philanthropic side. Composed with his wife Melinda, he directs the Bill and Melinda Gates Foundation. Devoted to rebalancing changes in health and education at the local level, especially in less favoured regions. Today his foundation is the largest in the world in terms of the number of his financial contributions to all kinds of aid, research, and development programs.

10. Have a good personal life

In addition to having a solid marriage and an active family life, Bill Gates recognises the importance of keeping hobbies. He is a bridge lover, and one of his greatest satisfactions is seeing his daughter ride a horse. In a chat on Reddit, the businessman admitted that he washes the dishes at his house every night and that it is an activity he enjoys.

Conclusion

All the advice Bill Gates gives comes down to one word: focus. Do what you want, learn from your experiences, make friends along the way, and listen to your intuition. Take advantage of opportunities and make your loved ones happy.