Lesson #5: A Strong Work Ethic is A Work Essential
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Free Download - Ralph Lauren Quotes |
Lauren grew up in the Bronx, a far cry from the fashion capital of New York. He never went to fashion school, never graduated from college, and never lived the life of class and luxury. So how did this boy who shared a small bedroom with his two older brothers go on to become not only a billionaire, but also an ambassador for a world he never knew? The answer is that he worked hard for it.
“The best thing you can do is go away from this saying, ‘I can do this too,’” says Lauren, “because it’s all possible and I’m living proof.”
Ever since he was a young boy, Lauren was instilled with a strong work ethic. After watching his father work long hours as a house painter to be able to pay the bills, Lauren knew what it was to work – and work hard. “I didn’t play finance as a kid,” recalls Lauren. “I played basketball.” Still, by the time Lauren was in high school, he began his first business venture. While other boys his age were worried about homework and girls, Lauren was thinking about how many ties he would be able to sell that day at school.
After graduating from high school and finding work, Lauren was not content to work the 9-5 lifestyle. He wanted to work even more. He enrolled in City College and began taking night classes in business. He knew that if he was going to succeed in fashion, he was going to need a strong business mindset to do it. So, while many other fashion designers today leave the business up to someone else, Lauren is as hands on as it gets. From managing his brand to marketing his product, Lauren is involved in every step along the way. That is all a result of the time he took to work during the day and go to business classes at night.
Despite never sketching a design, Lauren comes up with the ideas in his head and drives his design team hard until they produce what he wants. Still, Lauren knows that hard work is not always enough.
When his company began to suffer during the recession of the 1990s, Lauren knew that he needed help. No matter how strong his work ethic, he was forced to admit to himself that he could not run things all on his own.
“For 30 years I had run a very successful private company,” recalls Lauren. “We went public at a very high number; then the market changed. And I was in a new game. I was in a world I didn't know. I could control everything else I did. I could work hard. I could run the company, and I had a good team, but they weren't Wall Street savvy.”
As his stock began to sink, Lauren brought on a new team of executives to help him through it. Working hard, he knew, did not mean he had to work alone.
Lesson 5 A Strong Work Ethic is A Work Essential
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Joe DagerJoe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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Dianne CramptonDianne Crampton is an executive leadership coach, team culture consultant, author and president of TIGERS Success Series, Inc. Dianne has been helping CEO's and Executives connect their employees to their core values and goals for over 20 years using the trademarked TIGERS team culture process, which stands for trust, interdependence, genuineness, empathy, risk and success. To download a free white paper on behaviors that build strong teams and behaviors that will predictably tear them down go here. Dianne's contribution to the 2010 Pfeiffer Consulting Journal (an imprint of John Wiley and Sons Publishers) entitled TIGERS Hearted Teams is available in November 2009. Her new book TIGERS Among Us: 5 Winning Business Team Cultures And Why, Three Creeks Publishing will release in March 2010. To receive publishing discounts, subscribe to the free TigerTracks Newsletter here. - Visit Dianne Crampton's Website |
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