From Indiatimes · TOI Tech Desk · · 2m
Michael Dell's Startup Advice
Dell founder warns startup CEOs: Never ask strangers if your idea is good.
In brief
Dell founder warns startup CEOs: Never ask strangers if your idea is good. Michael Dell advises startup CEOs not to seek others' opinions on business ideas, saying most people will reject them. Originally reported by Indiatimes.
Michael Dell's Startup Advice
Michael Dell, who started Dell Computers from a dorm and has made it a $300 billion-plus company, has an advice for startup CEOs: It is never a good idea to tell anyone.
“If you want to really make it big, you better come up with something unique. It better be differentiated, that nobody else is doing.”
Dell's Early Career
Michael Dell took up pre-med at the University of Texas in 1983 and sold Houston Post subscriptions for $18,000 in one year.
Dell's First Business
At age 19, Michael Dell sold computer upgrade kits to students in his dorm for $1,000 to start Dell Technologies.
Dell's Risk-Taking Approach
Dell says risk-taking has been his greatest advantage in business, with big companies avoiding risks.
Dell's Manufacturing Team
Dell's early team consisted of three people with screwdrivers at six-foot tables.
Dell's Early Success
By age 27, Michael Dell became the youngest Fortune 500 CEO in 1992 and Dell became the world's largest personal-computer maker by 2001.
Dell's Risk Philosophy
Dell states big companies focus on risk reduction, while he embraces risk for innovation.
Dell's R&D Investment
Dell invests billions in research and development with hundreds of projects that don't all work out.
Dell's Advice on Ideas
Dell advises startup CEOs not to ask others if their idea is good, as most people will say no.
Dell's Quote on Risk
Dell says: 'If you don't have risk, you don't have innovation.'
“If you don't have risk, you don't have innovation.”
Dell's Risk Management
Dell's company promotes risk innovation through internal projects and research.
Dell's Business Impact
Dell's risk-taking approach helped build a $300 billion-plus company from a dorm.
Dell's Advice on Innovation
Dell says: 'You have to embrace risk, and you have to accept failure.'
“You have to embrace risk, and you have to accept failure.”
Dell's Risk Culture
Dell's company encourages risk-taking with hundreds of projects that may fail.
Dell's Business Philosophy
Dell believes unique ideas that are differentiated are the key to business success.
Dell's Final Advice
Dell advises startup CEOs to trust their gut instincts for business ideas rather than seeking others' opinions.
Here's the gist
Michael Dell advises startup CEOs not to seek others' opinions on business ideas, saying most people will reject them.
