“We've really achieved the ideal of what I wanted Microsoft to become.” -Bill Gates, June 2008
William Gates III was born in Seattle, Washington, US, on October 28, 1955. His father, William Henry Gates (II) Jr., was a lawyer whereas his mother, Mary Gates, was a teacher. At an early age, Gates showcased a great deal of intellect. At primary school, he was especially fond of Math and Science. Ever since his childhood, he appreciated reading business magazines. Acknowledging his ardor to learn, his parents enrolled him in Lakeside Preparatory School at the age of 12. Here Gates saw a computer for the first time in his life.
Gates, together with his friend, Paul Allen, had the habit to spend hours in front of the computer. Sometimes he used up his entire day in the computer room scanning computer books and magazines and developing computer programs. Gates was so preoccupied with the computer that he frequently neglected his classes and never prepared his homework on time.
In late 1968, Gates and Allen, together with two other schoolmates, organized a group called the 'Lakeside Programmers Group'. Gates and Allen had visions of working out practical problems with the usage of computers. They establish an opportunity in 1971 when Information Sciences Inc. inscribed them to develop a program to administer their payroll system.
Gates and Allen shortly received many opportunities to demonstrate their computer skills. In 1972, they started out their own company called 'Traf-O-Data.' They developed a portable computer that admitted them to do analysis and arrange reports. This earned them an amount of $20,000.
An entrepreneur has to have a persuasive approach and possess excellent communication skills. This was a key aspect in one of the turning point in Gates’ career, when at 25 he convinced IBM to let him hold the rights to the DOS operating system he had developed for them. Rather than purchase it outright, IBM made the conclusion to license DOS from Gates believing the software would soon be substituted. Gates and Allen were the first to comprehend the prospective of their DOS program, and knew that it would grow to be more valuable than IBM had ever measured.
Entrepreneurs often have a characteristic attribute of conflicting from what is considered ordinary, and Gates having only finished 1 year of his university education dropped out to focus on the construction of his new business endeavor, while his friends proceeded with their education.
Risk taking and the direction of that risk is a headstone to the success of any entrepreneur and Gates settling to leave his education to follow a vision constitutes a great risk for a 19 year-old with his future hanging in the balance. Risk does not necessarily have to obtain the form of a financial stake, as in this case it was his own future that he determined to base his decisions on. Being exceptionally confident and fanatical about his ideas, there was no stopping Gates.
Gates saw the potential in...