personality

Bill Gates Success Story.

Overview.

Failure is not the alternative to success. It’s something to be avoided, but it’s also only a temporary setback on a bigger, more significant course. Everybody encounters failure at one point or another. What truly matters is how you react to and learn from that failure.

Who is Bill Gates?

Bill Gates is an American entrepreneur, programmer, investor and philanthropist. He and Paul Allen co-founded Microsoft which is the #1 software company in the world. In 2015 their revenue was $110.4 billion. Bill Gates is the second richest man on earth with a net worth of $100.6 billion. He was the CEO of Microsoft until January 2000, currently he is the Technology Advisor to CEO Satya Nadella. He focuses a lot of his time on the Bill & Melinda Gates Foundation, that is why he has taken a less demanding role at Microsoft so that he can focus more on philanthropy.

Early Life.

The guy comes from a fairly wealthy background so he doesn’t have a story that rags-to-rich one. Bill Gates had to work hard in order to become what he is today. His father was a prosperous attorney, while his mother was a school teacher who became a member of the First Interstate Bank Board of Directors. Gates was a brilliant student who performed exceptionally well in academics, especially in the subject, Mathematics.

Bill Gates was born in Seattle, Washington on the 28th of October 1955. His father is William H. Gates Sr and his mother is Mary Maxwell Gates. He has one older sister Kristi Gates and one younger sister Libby Gates. At the age of 13 he enrolled in Lakeside School a private preparatory school. While at that school he took an interest in programming the General Electric system in BASIC and was excused from classes to pursue his interest.

The Gates family atmosphere was warm and close, and all three children were encouraged to be competitive and strive for excellence. Gates showed early signs of competitiveness when he coordinated family athletic games at their summer house on Puget Sound. He also relished in playing board games (Risk was his favorite) and excelled at Monopoly.

Gates had a very close relationship with his mother, Mary, who after a brief career as a teacher devoted her time to helping raise the children and working on civic affairs and with charities. She also served on several corporate boards, including those of the First Interstate Bank in Seattle (founded by her grandfather), the United Way and International Business Machines (IBM). She would often take Gates along when she volunteered in schools and at community organizations.

He built his first computer program on the General Electric machine. Gates met Paul Allen at the school and they worked together to find bugs in the PDP-10 system belonging to Computer Center Corporation. Gates, Paul and two other students wrote a payroll program for Information Sciences in exchange for computer time and royalties. After that it lead on to his school becoming fully aware of his programming skills, he created a program to schedule students in classes.

At the age of 17 he and Paul started a venture called Traf-O-Data, to make traffic counters based on Intel 8008 processors. Gates graduated from Lakeside School in 1973 and was a National Merit Scholar, he scored 1590 out of 1600 on the SAT. He enrolled at Harvard College in the autumn of 1973 where he met Steve Ballmer. Gates did not have a study plan at Harvard but spent a lot of time using the computers. In 1974 he joined Paul Allen at Honeywell. In 1975 the MITS Altair 8800 based on Intel’s 8080 CPU was released. Bill and Paul saw this as an opportunity to start their own software company.

Personal Life.

In 1987, a 23-year-old Microsoft product manager named Melinda French caught the eye of Gates, then 32. The very bright and organized Melinda was a perfect match for Gates. In time, their relationship grew as they discovered an intimate and intellectual connection. On January 1, 1994, Melinda and Gates were married in Hawaii.

Following the devastating death of his mother to breast cancer just a few months after their wedding, they took some time off in 1995 to travel and get a new perspective on life and the world. In 1996, their first daughter, Jennifer, was born. Their son, Rory, was born in 1999, and a second daughter, Phoebe, arrived in 2002.

The pair announced the end of their marriage in May 2021.

Microsoft Story.

In 1975 Gates read an article in the January of Popular Electronics that demonstrated the Altair 8800, Gates contacted MITS, the creators of the new microcomputer, to inform them that he and others were working on a BASIC interpreter for the platform. Gates and Allen did not have any written code, they wanted to gauge the interest of MITS. They met with the MITS president and had developed an Altair emulator within few weeks to demonstrate on a minicomputer and then the BASIC interpreter. The demonstration was a success which lead onto a deal with MITS to distribute the interpreter as Altair BASIC. Paul Allen was hired into MITS and Gates took a leave of absence from Harvard to work with Allen in November 1975. They named their partnership Micro-Soft, a year later the hyphen was dropped, and on 26th of November 1976 the trade name Microsoft was registered.

At first, all was not smooth sailing. Although Microsoft’s BASIC software program for the Altair computer netted the company a fee and royalties, it wasn’t meeting their overhead. According to Gates’ later account, only about 10 percent of the people using BASIC in the Altair computer had actually paid for it.

IBM approached Microsoft to write a BASIC interpreter for the new IBM PC, Gates referred them to Digital Research as they required an operating system, but the discussions did not go well. So IBM representatives spoke with Gates around the discussions and he proposed using 86-DOS owned by SCP, an operating system similar to hardware similar to the PC. Microsoft made a deal with SCP to become the exclusive licensing agent, and later the full owner of 86-DOS. After adapting the operating system for the PC, Microsoft delivered it to IBM as PC DOS in exchange for a one time fee of $50,000.

The sales of MS-DOS made Microsoft a major player in the industry. Despite IBM’s name on the operating system on the operating system, the press quickly identified Microsoft as being very influential on the new computer. The computer was called by an expert in the industry as “Gates computer”. The company was restructured on the 25th of June 1981, Gates become the president and board chairman.

Microsoft launched its first retail version of Microsoft Windows on 20th November 1985 and struck a deal with IBM to develop a separate operating system called OS/2. IBM & Microsoft developed the first version of the new system successfully, but their partnership deteriorated due to creative differences.

Microsoft has been growing ever since. The software and hardware products have been expanding from Windows OS, Microsoft Office Suites, Office 365, Xbox, Bing, Hotmail, the list goes on. It all began with the first idea, and then they built upon that.

Since 1975 Microsoft has had a domination over the software market, Windows software is used in most companies. They have consistently kept up with the pace of change and that is why they remain the #1 software company in the world.

Personal Wealth.

In March 1986, Gates took Microsoft public with an initial public offering (IPO) of $21 per share, making him an instant millionaire at age 31. Gates held 45 percent of the company’s 24.7 million shares, making his stake at that time $234 million of Microsoft’s $520 million.

Over time, the company’s stock increased in value and split numerous times. In 1987, Gates became a billionaire when the stock hit $90.75 a share. Since then, Gates has been at the top, or at least near the top, of Forbes’ annual list of the top 400 wealthiest people in America. In 1999, with stock prices at an all-time high and the stock splitting eight-fold since its IPO, Gates’ wealth briefly topped $101 billion.

Awards.

Gates has received numerous awards for philanthropic work. Time magazine named Gates one of the most influential people of the 20th century. The magazine also named Gates and his wife Melinda, along with rock band U2’s lead singer, Bono, as the 2005 Persons of the Year.

Gates holds several honorary doctorates from universities throughout the world. He was knighted as an honorary Knight Commander of the Order of the British Empire bestowed by Queen Elizabeth II in 2005.

In 2006, Gates and his wife were awarded the Order of the Aztec Eagle by the Mexican government for their philanthropic work throughout the world in the areas of health and education.

In 2016, the couple were again recognized for their philanthropic work when they were named recipients of the Presidential Medal of Freedom by President Barack Obama.

Bill Gates success story in 6 steps.

1. Passion.

Bill Gates was passionately interested in technology and programming since he was an 8th grade student. Years before other schools had access to computers, the Mothers Club at Bill Gates’ school purchased a Teletype Model 33 which he had access to. Bill Gates’ passion for computers made him more eager to learn more about its software and hardware, and he worked on finding computer bugs for his school.

2. Learning through practice.

The school was supplied with other devices, including a mainframe computer called a PDP-10, belonging to the Computer Center Corporation (CCC). Students, including Bill Gates, later broke the security systems on the computer, which led to a ban on using the system. After the ban, Bill Gates, accompanied by three of his friends, made an offer to CCC to find bugs in the software for more time using the computer, which CCC agreed to.

Bill Gates and his friends worked to help CCC in detecting errors. The experience they acquired in computer languages enabled them to master programming. Bill Gates developed his skills by continuous practice, a lesson that can apply to anyone looking for success.

3. Making decisions.

At 17, it was the time for Bill Gates to make a decision related to his passion – programming. He followed his passion and founded Traf-O-Data with his close friend and partner Paul Allen, a company specialized in traffic-counting systems and creating reports for traffic engineers.

Paul Allen shared the same passion and interest in programming. In 1975, Micro Instrumentation and Telemetry Systems (MITS) released the MITS Altair 8800. Bill Gates and Paul Allen approached MITS to develop an emulator to run on the minicomputer that would implement the BASIC, a computer language, on it. At that time, they founded their startup, Microsoft. Starting a new company was a big risk, but smart timing and a business plan helped Gates and Allen.

4. Hard work.

In 1980, Microsoft’s sales were less than predictable, the company had a tight budget and couldn’t hire a sales manager. At that point, Bill Gates took leave from his studies at Harvard to work on Microsoft. The pair decided to split from MITS and only focus on Microsoft and worked to improve its products and services.

The turning point for Microsoft was when it licensed an operating system called MS-DOS to be used for IBM’s personal computers, a giant in computers at the time. Consequently, Microsoft became the world’s biggest operating systems supplier. Microsoft continued to develop its products, releasing Microsoft Office in 1990, a suite of productivity software that would become the company’s most successful office product.

5. Teamwork.

Bill Gates never worked alone, he started Microsoft with his friend Paul Allen, and then worked with a team. At the beginning of Microsoft, he read every code sold. Bill Gates was dedicated to Microsoft and asked his employees to be too. Success is easier to achieve when working with a team rather than alone.

6. Persistence.

The journey wasn’t easy, and Microsoft worked to expand its product offerings as far as possible. Bill Gates succeeded but found himself working on the bleeding edge of consumer software development and information technology faced with stiff competition from a variety of companies looking to capitalize on a growing sector. Despite the company facing challenges, with many industry experts previously commentating that the firm broadly missed the overall shift to mobile technology, Microsoft, and by extension Bill Gates, is still incredibly successful.

Microsoft is now one of the world’s most valuable company and is worth over $2 trillion. Though Bill Gates resigned as chairman of Microsoft in 2008, the company continues to grow.

Reference :

Bill Gates/https://www-biography-com

Bill Gates Success Story/https://www.awakenthegreatnesswithin.com/bill-gates-success-story/

Success Story of Bill Gates – A Life Filled with Successes/https://businessconnectindia.in/bill-gates-success-story/

Bill Gates success story in 6 steps/https://english-alarabiya-net

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