Born: February 23, 1965, Texas, US | Successful For: Business Magnate, CEO | Zodiac Sign: Pisces
Inner Keys to Success:
- FOLLOW YOUR DREAMS ONLY: Michael Dell put his time into what he knew he loved, not what others wanted him to do. His parents even tried to force him into med school; however he kept at his dream as he would eventually drop out of school to run the business of his dreams. “So they were, they were very, very upset with me. You know, “Michael, you’ve got to get your priorities straight.” When first starting out, he even hid his operations from his parents when they would visit him in college. Looking back hindsight, it was probably a very tough decision to make, but going after what interested him and gave him a burning desire was the right decision nonetheless. Michael Dell once even purchased an Apple computer at the age of 15 just to enjoy taking it apart to see how it worked. This led him into his brilliant business idea. “I’ve been fascinated with technology since I was a boy banging around on my father’s adding machine. Back then I’d type in an equation, the device made some cool noises, and out came my answer. I was hooked.”
- EXPAND OUT OF YOUR COMFORT ZONES: He has learned that in order to succeed you need to come out of your comfort zones. Michael Dell was apparently a very shy person that stayed to himself; however he adjusted and grew far out of his shell. It is the willingness to grow and change that contributes to his huge success. Risk is not always comfortable or easy either, and Michael really had to push past the norms of being in his young 20′s and pursuing business while his peers were studying for school and going to parties. “I had to give it a full go and see what happened.” He states “There are a lot of things that go into creating success. I don’t like to do just the things I like to do. I like to do things that cause the company to succeed. I don’t spend a lot of time doing my favorite activities.”
- WITHOUT EXECUTION YOUR DREAMS WILL NOT MOVE: Michael had a great idea, but unlike many people, he made it happen. When he had his grand idea of selling cheaper computers directly to the customers, he did not use a lack of resources as an excuse to not get started; rather he began with $1000 in his pocket and he didn’t stall for a minute, he pursued and acted quickly when he felt intuition knocking at his door. He would first sell to local college students, and rapidly grew. He also applied the fact that people don’t have enough money to his business model, as Dell was blowing away competition by offering much cheaper prices.
“Real entrepreneurs have what I call the three Ps (and, trust me, none of them stands for ‘permission’). Real entrepreneurs have a ‘passion’ for what they’re doing, a ‘problem’ that needs to be solved, and a ‘purpose’ that drives them forward.” – Michael Dell
- Image Source: By mikeandryan (File:Michael Dell 2010.jpg) CC2.5, via Wikimedia Commons
- Image Source: Flickr Oracle PR Labelled for reuse via Creative Commons Act