Michael Jacobs on LinkedIn: Valuable lessons from 17 individuals who became billionaires at different… (2024)

Michael Jacobs

CEO @ Workflows AI | AI-First Software Businesses, MAS Expertise | Entrepreneur with 2 exits

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Valuable lessons from 17 individuals who became billionaires at different stages in life. You’re never too young or too old for success. Notice any patterns?1.Embrace new technologies and be willing to pivot as needed.•Mark Zuckerberg, Facebook: Became a billionaire at 23.2.Prioritize creating high-quality products and aim to dominate your market.•Bill Gates, Microsoft: Became a billionaire at 31.3.Use your brand power to diversify your ventures and income sources.•Rihanna, Fenty Beauty: Became a billionaire at 33.4.Always think about the customer’s experience and have a long-term vision for growth.•Jeff Bezos, Amazon: Became a billionaire at 35.5.Leverage expertise in technology and foster innovation through investments.•Sam Altman, OpenAI: Became a billionaire at 37.6.Use social media effectively to build and leverage a strong personal brand.•Kim Kardashian, KKW Beauty and Skims: Became a billionaire at 40.7.Be willing to take risks, but ensure they are well thought out and calculated.•Mark Cuban, Broadcast. com: Became a billionaire at 40.8.Diversify your investments and interests beyond your main career.•LeBron James, SpringHill Entertainment: Became a billionaire at 37.9.Dare to think big and constantly challenge existing norms and standards.•Elon Musk, Tesla and SpaceX: Became a billionaire at 41.10.Prioritize design and ensure the user experience is top-notch.•Steve Jobs, Apple: Became a billionaire at 43.11.Combine cultural influence with savvy business strategies to create successful ventures.•Jay-Z, Roc Nation: Became a billionaire at 49.12.Develop a trustworthy brand and diversify your business interests.•Oprah Winfrey, Harpo Productions: Became a billionaire at 49.13.Leverage your fame and influence to open up new business opportunities.•Michael Jordan, Jordan Brand (Nike): Became a billionaire at 51.14.Focus on value investing and maintain a long-term perspective on growth.•Warren Buffett, Berkshire Hathaway: Became a billionaire at 56.15.Always be on the lookout for opportunities and be ready to seize them.•Ray Kroc, McDonald’s: Became a billionaire at 59.16.Find ways to innovate and disrupt even traditional industries.•Sheldon Adelson, Las Vegas Sands: Became a billionaire at 65.17.Streamline your operations and be responsive to changing market demands.•Amancio Ortega, Inditex (Zara): Became a billionaire at 65.

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  • Michael Jacobs

    CEO @ Workflows AI | AI-First Software Businesses, MAS Expertise | Entrepreneur with 2 exits

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    It’s what we’ve seen. Enterprise doesn’t want to invest in legacy technologies, should expect CRMs, legacy SaaS and others to continue a downward slide. AI will fragment the market, similar to YouTube and entrainment, actually. Until eventual consolidation. For now, Workflows AI is your enterprise’s bridge to AI.

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  • Michael Jacobs

    CEO @ Workflows AI | AI-First Software Businesses, MAS Expertise | Entrepreneur with 2 exits

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    I don’t need to build a killer product overnight, I need to build a winning product. NVIDIA won. That’s for sure. Whatever your #goals are, keep them simple. Stick with your vision and happy Friday!

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  • Michael Jacobs

    CEO @ Workflows AI | AI-First Software Businesses, MAS Expertise | Entrepreneur with 2 exits

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    Excited to announce I’m #OpenForBusiness on LinkedIn! Offering services in Strategic Planning, Business Consulting, and Brand Consulting. Check out my services page for more details. #BusinessServices #Consulting Workflows AI

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  • Michael Jacobs

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    MLB will integrate Negro League records into its statistical database today.With that change, Josh Gibson will replace Ty Cobb as baseball's all-time batting leader in the official records.

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  • Michael Jacobs

    CEO @ Workflows AI | AI-First Software Businesses, MAS Expertise | Entrepreneur with 2 exits

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    Many Y Combinator hopefuls have been denied today. And that’s ok. Jim Carrey was outright rejected from SNL. Even Tom Brady (the 🐐) was barely drafted in the final round. You’re in control of your own destiny. It’s impossible for anyone else to assess your value out of thousands of applicants. In celebration of entrepreneurs and the Workflows AI public launch next week the first 10 people that reach out to me with their YC rejection get a free plan from our AI cofounder, Alfred. Alfred will create your business plan, pitch deck, pro forma, go to market strategy and more. #startups #vc

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  • Michael Jacobs

    CEO @ Workflows AI | AI-First Software Businesses, MAS Expertise | Entrepreneur with 2 exits

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    Launching a successful #startup is simpler today than it was when Jobs was speaking here. Workflows AI makes it easier for #founders by being your first cofounder. Alfred is a master of business administration with deep knowledge in startups. Have an idea you want to launch? Reach out for early access.

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  • Michael Jacobs

    CEO @ Workflows AI | AI-First Software Businesses, MAS Expertise | Entrepreneur with 2 exits

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    Well this changes things on the web. What’s a new problem that humans can solve but #AI would find difficult.

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  • Michael Jacobs

    CEO @ Workflows AI | AI-First Software Businesses, MAS Expertise | Entrepreneur with 2 exits

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    Warren Buffett also says … only work with people that you like, trust and admire. If those three premises are true, you’d work for them, too. I’ve found this to be the case in my career. Successes come from those situations. I remember one year at Ordermark…I reveiwed 5000 resumes to make the first 50 hires once we had a seed round. The number other main traits we were screening for besides skills were candidates that truly wanted our specific jobs.

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