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10 Business Lessons One Can Learn From Mark Zuckerberg

by Sameeksha Khanna 30. August 2011 09:25

Marks Zuckerberg’s is a success story like no one else’s! The founder of the most popular social networking site, Facebook, Zuckerberg is a self made billionaire with his assets estimated to be around 4 billion dollars! He had created Facebook from his Harvard dorm with a few other friends in 2004 and in a span of seven years, the number of registered users have grown remarkably to an astonishing 500 million users as of 2011!

However, his success did not come overnight and it is only because of his shrewd business policies that he was able to reach where he is right now. So, let us now examine the top 10 skills that one can learn and be inspired from Zuckerberg’s success story:

1. Have a dream – Mark Zuckerberg’s journey to success began as a dream and a burning desire. This is what most successful entrepreneurs do – take some time off from their day to day activities and problems and sit back and dream about their future. You must give yourself time to dream and visualize a future that you want and only then will you feel the desire to achieve it.

2. Be passionate about it and do it yourself – Be passionate about your dream! Zuckerberg was, he used to stay awake the entire night programming codes while all his friends were partying and now look at the result! 

3. Think long term – If there is one lesson that every entrepreneur must learn from Mark Zuckerberg, it should be - holding on to a long term idea for achieving success. Of course, not all such planning turns out to be successful, but thinking about the next 5 to 10 years will at least inspire the enterprise towards gaining a momentum and sticking to their visions.

4. Be flexible and open to change – The main reason behind Facebook’s success was because of Zuckerberg’s flexibility and willingness to make alterations and changes to the website whenever needed. That is how your attitude should be – open to change and flexible.

5. Think about development and not just about profits – Instead of aiming at profits, you should think of how to develop further. Zuckerberg never aimed at becoming a billionaire, he rather focused on how to improve Facebook

6. Pay attention to trends – Facebook has always kept up with the latest trends adding games, gifts and similar applications from time to time. This is a very wise thing to do, to integrate the latest trends in your own enterprise and only then can it continue to have the same appeal as before.

7. Invest wisely – You should know where and when to invest. Let us take the example of Zuckerberg’s friend, Eduardo Saverin with who had invested around $19000 initially and now his share has grown to almost $1.3 billion!

8. Be prepared for criticism – Just like every successful entrepreneur, Zuckerberg had had to face his share of criticisms too, be he refused to be bogged down by it. Instead it inspired him to work even harder! 

9. Stick to things that you know and are certain of – Do not wander into unknown territories and always try to remain within your abilities. That is exactly what Zuckerberg and his friends did, they all stayed within their limits and skills and eventually achieved tremendous success.

10. Finally, believe in yourself – Self belief is an essential requirement for every person who wants to be successful. Zuckerberg had plenty of it and therefore he did all the initial work himself and did not just hand over the responsibility to someone else.

In conclusion, there is really nothing extraordinary about Mark Zuckerberg. He surely deserves his present position as the youngest billionaire in the world because he had the courage to dream and the desire to chase that dream. He did not shy away from taking risks and stuck to his passion and that is how and why he emerged so successful. 

 

 

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Comments (5) -

Meenakshi Sharma
Meenakshi Sharma India
9/9/2011 9:52:27 AM #

Mark Zuckerberg is a genius otherwise he wouldn't have been a self-made billionaire at 26!

Sameera Singh
Sameera Singh India
9/9/2011 9:56:08 AM #

I agree with the above comment that Zuckerberg is a genius. Ordinary men don't usually think of something like Facebook!

Sameera Singh
Sameera Singh India
9/9/2011 10:05:24 AM #

I'll start dreaming BIG from today, maybe then, one day i'll became a billionaire too Tong

steve
steve United States
1/17/2012 6:58:12 AM #

thanks for this

Aniket - Freelance web designer
Aniket - Freelance web designer India
2/11/2012 5:29:51 AM #

Thats the reason why, FACEBOOK is such a big deal..

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