Tanzania Students' Entrepreneurship Association added a News update.

UPS AND DOWNS OF THE ENTREPRENEURS IN THE WORLD

I hope this information will motivate you and provide you with courage when you experience ups and downs in your career, business or entrepreneurship initiatives in particular. Not everyone who’s on top today got there with success after success. More often than not, those who history best remembers were faced with numerous obstacles that forced them to work harder and show more determination than others. Next time you’re feeling down about your failures in college or in a career, keep these fifty famous people in mind and remind yourself that sometimes failure is just the first step towards success. Business Gurus These businessmen and the companies they founded are today known around the world, but as these stories show, their beginnings weren’t always smooth.

 1. R. H. Macy: 

Most people are familiar with this large department storechain, but Macy didn’t always have it easy. Macy started seven failedbusiness before finally hitting big with his store in New York City.

2. F. W. Woolworth: Some may not know this name today, but Woolworth was once one of the biggest names in department stores in the U.S. Before starting his own business, young Woolworth worked at a dry goods store and was not allowed to wait on customers because his boss said he lacked the sense needed to do so.

3. Soichiro Honda: 

 The billion-dollar business that is Honda began with a series of failures and fortunate turns of luck. Honda was turned down by Toyota Motor Corporation for a job after interviewing for a job as an engineer, leaving him jobless for quite some time. He started making scooters of his own at home, and spurred on by his neighbors, finally started his own business.

4. Akio Morita: 

 You may not have heard of Morita but you’ve undoubtedly heard of his company, Sony. Sony’s first product was a rice cooker that unfortunately didn’t cook rice so much as burn it, selling less than 100units. This first setback didn’t stop Morita and his partners as they pushed forward to create a multi-billion dollar company.

5.  Bill Gates: Gates didn’t seem like a shoe-in for success after dropping out of Harvard and starting a failed first business with Microsoft co-founder Paul Allen called Traf-O-Data. While this early idea didn’t work, Gates’ later work did, creating the global empire that is Microsoft.