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16 Most Inspiring Famous Failures

In order to be successful in business or in life, I have come to realize that we must constantly take corrective action. It can be extremely stressful to commit to day to day, especially when things don’t go the way I want them to. Therefore, whenever I am faced with a disappointing event or an undesirable outcome, I NEVER FORGET these famous failures:

1. Bill Gates, the founder and chairman of Microsoft, literally changed the world’s work culture in the 21st century by simplifying computer use. He also happens to be the richest man in the world for the past decade. However, he dropped out of Harvard University in the 70s before he started. Most ironically, he started a software company (which soon became Microsoft) by buying software technology from “someone” for only $50 at the time.

2. Abraham Lincoln, received no more than 5 years of formal education during his life. When he grew up, he joined politics and suffered 12 major failures before being elected the 16th President of the United States of America.

3. Isaac Newton he was the greatest English mathematician of his generation. His work on optics and gravity made him one of the world’s greatest scientists. Many people thought that Isaac was born a genius, but he was not! At a young age, he did very poorly in elementary school, so poorly that his teachers were at a loss to improve his grades.

4. Ludwig van Beethoven, a German classical composer widely regarded as one of the greatest composers in history. His fame inspired – and in many cases intimidated – composers, musicians and the audience that followed him. Before the beginning of his career as a music teacher, Beethoven once said of him that he was “hopeless as a composer”. And he lost his hearing during his career, yet he produced great music – a deaf person composing music is ironic!

5. Thomas Edison who developed many tools that greatly influenced life in the 20th century. Edison is considered one of the most prolific inventors in history, with 1,093 US patents to his name. As a boy, his teacher told him he was too dumb to learn anything. When he set out on his own, he tried more than 9,000 experiments before creating the first successful light bulb.

6. The Woolworth Company was a retail company that was one of the original five and ten cent stores. He founded the first Woolworth store in 1878 Frank Winfield Woolworth and soon became one of the world’s largest retail chains in the 20th century. Before starting his own business, Woolworth got a job at the age of 21 in a dry goods store. However, his employer would not allow him to serve a single customer because he concluded that Frank “doesn’t have the common sense to serve customers”.

7. With an exclamation, Michael Jordan the greatest basketball player of all time. A phenomenal athlete with a unique combination of grace, speed, strength, artistry, improvisational ability and an insatiable competitive drive. Jordan single-handedly redefined the NBA superstar. Before joining the NBA, Jordan was just an ordinary person, so ordinary that he was cut from the high school basketball team because of his “lack of skill”.

8. Walter Disney was an American film producer, director, screenwriter, voice actor and animator. One of the world’s best-known film producers, Disney, founded a production company. The company known as the Walt Disney Company has an average annual revenue of $30 billion. Disney started his own business out of his own garage, and his very first cartoon production went bankrupt. At his first press conference, a newspaper editor mocked Walt Disney for not having good ideas in film production.

9. Winston Churchill failed in 6th grade. However, that never stopped him from working harder! He aspired to and eventually became the Prime Minister of the United Kingdom during World War II. Churchill is generally regarded as one of the most important leaders in British and world history. In a 2002 BBC poll to identify the “100 Greatest Britons”, participants voted Churchill the most important.

10. Steven Spielberg American film director. He won three Academy Awards and is one of the most successful filmmakers in history. Above all, Steven was recognized as the most financially successful film director of all time. As a child, Spielberg dropped out of high school. They convinced him to come back and he was placed in a learning disability class. He only lasted a month and then dropped out of school forever.

11. Albert Einstein He was a theoretical physicist considered the most important scientist of the 20th century. In 1921, he was awarded the Nobel Prize in Physics for his 1905 explanation of the photoelectric effect and “for his services to theoretical physics”. However, when Einstein was young, his parents thought he was mentally retarded. His grades in school were so poor that a teacher stopped him, saying, “Einstein, you’ll never amount to anything!”

12. In 1947, a year after his contract, Marilyn Monroe 20th Century-Fox dropped her because her producer thought she was unattractive and unable to act. This did not deter him at all! She continued and was eventually recognized by the public as the most famous movie star, sex symbol and pop icon of the 20th century.

13. John GrishamSixteen agents and twelve publishers rejected his first novel. He wrote and wrote until he became best known as a novelist and writer of modern legal drama. The media ranked him among the best novelists of the 21st century.

14. Henry FordThe first two car companies failed. This did not stop him from incorporating the Ford Motor Company and becoming the first to use assembly line manufacturing to produce affordable cars in the world. Not only did it revolutionize industrial production in the United States and Europe, but it also had such an influence on the economy and society of the 20th century. The combination of mass production, high wages and low consumer prices gave rise to the school of management known as “Fordism”. In his time, he was among the three most famous and richest people in the world.

15. Soichiro Honda Toyota Motor Corporation rejected him as an “engineer” in a job interview after World War II. He remained unemployed until his neighbors started buying his “home scooters”. After that, he set out on his own to found his own company. Honda. Today, the Company has grown to become the world’s largest motorcycle manufacturer and one of the most profitable automakers—overtaking such giants as GM and Chrysler. With a global network of 437 subsidiaries, Honda develops, manufactures and markets a wide range of products, from small general-purpose motorcycles and scooters to specialist sports cars.

16. Akio Morita, the founder of the giant electrical household products Sony Corporation, the first product was an electric rice cooker, only 100 cookers were sold (because it burned rice rather than cooked it). Today, Sony generates $66 billion in revenue and is the 6th largest electronics and electrical company in the world.

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