ENTREPRENEURSHIP / DEC. 14, 2014
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7 Lessons Entrepreneurs Can Learn From Walt Disney

Did you know that Walter Elias “Walt” Disney’s successful multinational mass media company is currently valued at $45, 430 billion? Walt worked very hard to create his own success and become one of the most inspiring entrepreneurs in the world of animation and entertainment. Throughout the years, Walt Disney has helped shape the childhoods of millions of people from all around the world, using his imagination and life experiences as a guide for young people and entrepreneurs.

Through his stories, Disney delivered all kinds of life lessons to help children – and adults, adopt a winning and successful attitude in life. It is only logical that as an entrepreneur you would want to learn from him in order to achieve the best for your business.

Check out the following entrepreneurial lessons you can learn from Walt himself:

#1 Be a good salesman

Selling is one of the most important skills you can master. Whatever you do, whenever you work you are going to use sales in order to succeed as a businessman. Walt supported the idea that in order to make your dreams come true, it takes a lot of money. As an entrepreneur, he believed in his dreams and abilities, as a result convincing others to believe in him as well.

#2 Be a good leader

Walt had the ability to hire and bring together people who were expert at their work in order to achieve a common goal. He was able to assess his own weaknesses and strengths as well as other people around you. For example, he knew he was a great storyteller, but didn’t have the right skills to be an animator. Thus, Walt chose to invest in the best and put his trust in other talented people to help the company grow.

#3 Always be constantly improving

Good enough was never enough for Walt. In 1937, Walt’s first fully animated feature film Snow White and the Seven Dwarfs literally changed the film industry and pioneered a new form of family entertainment. Other films that followed, including Cinderella and Alice in Wonderland, prove that his man had a strong determination and a thirst for success. Also, wanting to improve the Disney entertainment experience, he opened Disneyland and ensured that he personally saw everything was working properly.

#4 Develop a high tolerance for risk

Before Disneyland, nothing like it had been attempted, so its whole idea and creation carried many risks. At times Walt even wondered if his company would eventually prove to be a success or failure. When this happened, he would weigh out both sides and make a decision that minimised possible risks for the business. If he failed then Disney amusement parks wouldn’t be able to attract millions of visitors or bring in billions of dollars every year.

#5 Change your attitude towards failure

Don’t be afraid of failure. Instead, embrace failure and let it take you where you need to be. That’s what happened to Walt when his first studio Laugh O’ Grams failed to make a profit. That was when he decided he needed to try again and on the same day Walt had lost his studio, created the foundations for his biggest success, Mickey Mouse.

#6 Believe in yourself

Throughout his career, Walt was told that his ideas would fail miserably, but he never got tired of trying. Along the way, it seems that he followed his intuition and even though he was warned by many people, he never stopped doing what he really wanted. So, believe in yourself and make things happen like Walt did, keeping in mind that everything’s possible.

#7 Be resilient

Believe it or not, Walt was fired from his first job for not being creative and innovative enough! However, Walt kept moving forward, pushing the limits and emerging stronger after having faced real difficulties in his career. Believing in his dreams and abilities is what gave him the resilience he needed to exceed everyone’s expectations.

If you want to be as successful as Walt all you need to do is stay true to yourself, believe and invest in your dreams, be a good leader and salesperson, never settle and embrace failure. As Walt Disney once said:

"If you can dream it, you can do it. Always remember that this whole thing was started with a dream and a mouse."

 

Image Source: disney.wikia

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