What does it mean to be an entrepreneur? The easy answer is someone who starts his own venture but the road to successful entrepreneurship takes a lot – entrepreneurs are passionate and fearless. They learn from failures and have a vision to create something lasting. Think Elon Musk, the famed CEO and founder of Tesla and SpaceX. His passion to build a futuristic world, his space travel dreams and his vision are all inspiring. A famous quote attributed to him goes thus: “I think it is possible for ordinary people to choose to be extraordinary.”
1. Bill Gates:-
Microsoft and Bill Gates are almost synonymous – the principal founder of Microsoft, the software firm, has a networth of $107.2 billion as per the Forbes 400 list for 2019. His name alternates between the first and second spot in the world top billionaires list, and he is also the co-founder of the Bill & Melinda Gates Foundation, known for its philanthropy across the developing world. Bill Gates dropped out of Harvard to ignite the sparks of a revolution, turning the PC into “a window to everything people are interested in-and everything we need to know,” as he famously said.
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Once you have decided on the loan and the amount you may, you can use the business loan eligibility calculator to see your EMI amount. Just fill in the details of the type of your business and annual revenue, and the eligibility calculator will provide the loan amount you can borrow.
2. Jeff Bezos:-
The man who founded Amazon, Jeff Bezos, has a net worth of over $110 billion. The story of Jeff Bezos is inspiring for any entrepreneur with big dreams. He started Amazon out of his garage. He quit a Wall Street job to start his own company; he had learnt that the Internet usage was growing at a meteoric rate, a whopping 2,300% in 1994. He invested $10,000 from his personal earnings into the company, which comprised a couple of programmers, his wife and himself. A month after its launch, Amazon had managed to sell books in all states of the US, apart from 45 nations across the globe. The company went public in 1997 and managed to be unharmed by the dotcom bust. By 2000, Amazon had expanded its product segments from books to music, electronic items and toys, among others. Today, Amazon, through its subscription service, has over 100 million members, worldwide.
If you are a budding entrepreneur, having a finger on the pulse of the times you live in, and intuiting that a certain nascent trend will turn big are crucial.
3. Jack Ma:-
This Chinese entrepreneur’s story has humble beginnings. A good student, his dream was to be an English teacher. He was rejected for the position of manager at KFC and later rejected at Harvard. However, he travelled across the US, learning all about e-commerce platforms. He started a company called China Pages, and saw his business grow in three years. But that was only the precursor to Alibaba, a China-based B2B online platform which he founded in 1999. Today, Jack Ma’s net worth stands at over $39 billion and Alibaba is one of the world’s biggest e-commerce businesses, and China’s own answer to Amazon. Ma is on #1 in the China Rich List of 2019, according to Forbes.
4. Narayana Murthy:-
N R Narayana Murthy’s Infosys, a software services company, is a household name in India. The story of how he started out with a capital of
Rs. 10,000 borrowed from his wife Sudha Murty is the stuff of legend in India. Murthy quit his job in a Pune firm to start Infosys Technologies. Today, he is #51 in the list of India’s Richest 2019. Despite the presence of other top rich entrepreneurs in India, Murthy’s position is special because of his humble beginnings and the heights he has scaled today with a networth of $2.3 billion. India’s software success story has for the longest time, almost been spoken of in the same breath as Infosys.
Take a leaf out of Narayan Murthy’s success story, and take your SME/MSME to a whole new level. Avail a business loan available on Finserv MARKETS. An MSME business loan can be used to upgrade your company’s infrastructure, invest in raw material or machinery, so that you can chart your way to profitability.
5. Sachin Bansal and Binny Bansal:-
We club the Bansals because they are together responsible for their start-up venture, Flipkart. The story of how the duo started Flipkart from a house in Bangalore is well known. They invested Rs 4,00,000 from their own personal money. Today, irrespective of the twists and turns, and the relationship between the two Bansals, Flipkart still stands for one of the most popular e-commerce sites. Sachin Bansal, who opted out by selling his stakes, has a net worth of $1 billion. Binny Bansal sold a majority stake in Flipkart to US giant Walmart, a deal known to be the biggest such acquisition in the world of ecommerce. Binny Bansal too has a net worth of $1 billion.
Igniting the spirit of entrepreneurship
With sound financial planning, research, passion, and a little spirit of adventure and risk thrown in, you too have it in you to make it big in the world of entrepreneurship.
An ecosystem that triggers the spirit of entrepreneurship is also important. The culture and socio-economic conditions in which you operate a business with human capital, the market for your services/products, mentorship, and support systems at an institutional and policy-level make up the entrepreneurial landscape. Yet another crucial aspect is funding and finance, and that is where business loans come into the picture.
If you have started your own business venture about three or fours ago, you only need to look up the list of these top entrepreneurs. They learnt to tackle financial adversities and managed not just to stay the course but emerge winners. Apart from a vision and determination to make it big, they also took sound financial decisions. Thinking on their feet, they ensured that their businesses had inflow of capital to run operations, expand and grow as the situation demanded.
If you have a business that has been in operation for at least three years, and you need a quick infusion of capital, opt for a business loan, available on Finserv MARKETS. You can borrow up to Rs 30 lakh, depending on the kind of business you have, and get instant loan approval. The loan amount is deposited to your account in 24 hours. The repayment tenure is flexible, with a 12-60 month range. Also, no collateral is needed. The interest rates are affordable, starting from 18 per cent per annum. A good credit score will fetch you a competitive interest rate. The whole borrowing and repayment process is all online, with minimal documentation and no hidden charges.
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