Bill Gates’s Top 10 Rules For Success (@BillGates)

he consistently ranks in the Forbes list of the world’s wealthiest people he’s one of the best known entrepreneurs of the personal computer revolution he is the second most generous philanthropist in America have been given over twenty eight billion dollars to charity he’s Bill Gates and here his top ten rules for success when I started Microsoft I didn’t think of it as all that risky I mean I was so excited about what we were doing it’s true I could have gone bankrupt but you know I had a set of skills that were highly employable and in fact my parents were still willing to let me go back to Harvard and finish my education if I wanted to you’ve always got a job with a bellman and the only the thing that was scary to me wasn’t quitting and starting the company it was when I started hiring my friends and they expected to be paid and and then we had customers who went bankrupt customers that I counted on to come through and so then I got this incredibly conservative approach that I wanted to have enough money in the bank to pay a year’s worth of payroll even if we didn’t get in heat any payments coming in and I’m almost heard of that the whole time we have about ten billion now which is pretty much enough for the next year anyway you know I if you’re gonna start a company it takes so much energy that you know you it better overcome your your feeling of risk I don’t think that you necessarily if you’re gonna start a company should do it at the start of your career I think there’s a lot to be said for working for a company learning how they do things you know if you’re young it’s hard to go lease premises they made that hard for me you couldn’t rent a car when you were under 25 at the time so I was always taking taxis to go see customers the people would you know people say well we’re gonna go have a discussion in the bar well I could go to the bar and you know that’s fun because I’ll tell you when people are first skeptical and angle this kid doesn’t know anything then when you show them you’ve really got a good product and you know something they actually tend to go overboard and they think whoa you know they know a lot let’s really do an incredible amount of these people so our youth at least in this country was a huge asset for us once we reached a certain threshold it is hard it’s hard to hire old older people because they’ll be a little bit conservative about whether they should come in and take the risk and it took three or four years before we could go out into the normal sort of employment pool but those those problems that come with starting the firm you better think of those as as part of the the pleasure part of the the challenge that that is part of the excitement I want to thank Harvard for this honor I’ll be changing my job next year and it will be nice to finally have a college degree on my resume I applaud the graduates for taking a much more direct route to your degrees from our my part I’m just happy that the Crimson called me Harvard’s most successful dropout I guess that makes me valedictorian of my own special class I did the best of everyone who fail but I also want to be recognized as the guy who got Steve Ballmer to drop out of Business School I’m a bad influence that’s why I was invited to speak at your graduation if I’d spoken at your orientation fewer of you might be here today I’m in meetings a lot my calendar gets very full with those and then at night after the kids have gone to bed I’m on email a great deal I get messages during the day that’s my chance to give long responses and then over the weekend I send a lot of mail as well as well I take two weeks a year to just go off and read and think where I’m not interrupted by work or anything else I’m just solidly trying to think about the future and people get to send me things to read as part of that so-called think week so it’s nice mix of things about 25% of the time then I’m out traveling around meeting with customers Europe Asia and that sort of helps me think okay do we have the right priorities what what are people responding well to and what would they they’d like to see us do better hello I’m Bill Gates chairman of Microsoft in this video you’re going to see the future Windows Microsoft first came up with the Windows concept back in 1983 and today the leading software users have switched into the Windows environment it’s really incredible how quickly our powerful applications like Word and Excel and PowerPoint have been adopted it’s not just Microsoft applications even companies like WordPerfect and Lotus have now come out with Windows applications and every week we see new innovative work it’s really attracting all the innovation in the industry we predicted this a long time ago and now it’s the future the key point there is you’ve got to enjoy what you do every day and for me that’s working with very smart people it’s working on new problems you know every time we think hey we’ve had a little bit of success we’re pretty careful not to dwell on it too much because the bar gets raised I love bridge bridge helps you think it’s a game you can play your entire life and keep getting better and better I think anybody is good at bridge it’s gonna be great a lot of things so I really encourage people to get involved and I want to thank the people who put things together for juniors they’ll be thanking you the rest of their life because bridge is such great order I talked to my dad I talked to Warren I had talked to my wife Melinda so I have enough people that know me and actually know where my judgment isn’t its strongest where I might get overexcited about something or you know forget to think about something and so they’re good at correcting particularly good at correcting whatever those blind spots are and I think it’s good to encourage your friends and advisers to really give them that license you know I can go to a party and forget to say hello to various people or something that’s a very minor example of my blind spot the hostess a small number of people that you can turn to on on certain key things is a great great asset my best business decisions really have to do with picking people you know deciding to go into partnership with Paul Allen is is probably at the top of the list and then subsequently hiring a friend Steve Ballmer and having somebody who you totally trust who’s totally committed who shares your vision and yet he has a little bit different set of skills and also acts as a check on you you know some of the ideas you come up with you run by them because you know they’re gonna say hey wait a minute you know you know have you thought about this and that and just you know the the benefit of sparking off of somebody who’s who’s got that kind of brilliance it’s not only made it fun but it’s really led to a lot of success so picking picking a partners is crucial I had one habit that I developed when I when I was at college that was actually very bad habit which was I like to show people that I didn’t do any work and that I didn’t go to classes and I didn’t care and then at the very last minute like two days before the test I get serious about it and and people people thought that was funny you know that was my positioning the guy who did nothing until the last minute then when I went into business that was a really bad habit and it took me a couple years to get over that nobody praised me because I would do things at the last minute and I tried to reverse to students I’d actually I didn’t think that highly of who were always organized and had things done on time I’m I’m still working on it but procrastination is not a good good habit bill can change clothes in the car sometime challenge buildings my partner at Facebook’s Sheryl Sandberg and Netflix is founder and CEO Reed Hastings I’m glad to give to ALS it’s a great cause but I want to accept this challenge I want to do it better than it’s been done I’ve been working on this you know got this design there we go yeah it’s gonna be great I’m here to join the people bringing attention to Lou Gehrig’s disease by taking the ALS ice bucket challenge I’m gonna challenge three more people Elon Musk Ryan Seacrest and Chris Anderson of Ted consider yourself challenged you have 24 hours good luck is it true that you can leap over a chair from a standing position it depends on the size of the chair I’ll cheat a little bit by the way I believe in winners and losers and especially the freedom to fail Oh thank you so much for watching I made this video because a bunch of you guys were asking me to so there’s a famous entrepreneur that you want me to profile next leave in the comments below and I’ll see what I can do I’m also curious to know what you think of Bill Gates as an entrepreneur and which of the 10 rules most resonates with you leave it below in the comments and I’m going to join in the discussion thank you so much for watching continue to believe and I’ll see you soon

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