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CHAPTER 2 THE SUCCESS FACTORS OF MILLIONAIRE ENTREPRENEURS

see that all of us had to go through many setbacks before
ultimately achieving our dreams.

While building Disney, Walt Disney went through near
bankruptcy twelve times in the country’s history before
establishing it as the largest and most successful entertainment
company in history.

Donald Trump also went through near bankruptcy twice in
his career as a real estate builder before achieving worldwide
fame as the host of The Apprentice.

Lim Tow Yong, founder of Emporium was declared a bankrupt
at the age of 72 with debts in the millions. He later started
a new company and made back his fortune at the ripe old
age of 82.

When Sim Wong Hoo started Creative Technologies, his first
product, the Cubic 99, was a huge failure. It was after multiple
product failures that the successful Sound Blaster propelled
his company to the billion-dollar league.

Nine years after Steve Jobs started and successfully built Apple
Computers, he was fired from his own company by the very
CEO he appointed. To make things worse, the following
company he started (NeXT computers) also went down in
flames. It was only after a string of major setbacks that Steve
Jobs built Pixar (the most successful animation studio in the
world) and returned to bring Apple back from the verge of
bankruptcy, onto become one of the most successful technology
companies in the world. And the list goes on…

Why Failure Leads to Success

So, why is it most entrepreneurs go through a series of failures

52 SECRETS OF BUILDING MULTI-MILLION DOLLAR BUSINESSES