Sometimes in life, you can become complacent and your life seems stagnant.
But, in this moment you have two choices to lay down and accept defeat or to come out the corner swinging. Success isn’t something that just happens, It is built.
Earl Miller of MIT and Mark Histed of Harvard found that our neurons retain memory and become more finely tuned when we succeed, but they don’t when success isn’t present. There is a difference between the absence of success and the presence of failure. For instance, when a mistake leads to a negative consequence, we have a tendency to learn from it and veer in another direction. We don’t necessarily learn what to do, but we learn what not to do.
FORBES’ most conservative estimates place the value of SHI just above $1.8 billion, and that makes 56-year-old Lee–who owns 60% of the company–one of just 18 self-made female billionaires in the U.S.
Thai Lee knew that she wanted to prepare herself, so she allotted herself some time: Her entire 20s, She was going to learn all about business. By age 30, the long-term plan went, she’d be running her own company. By 40 she’d have a husband and kids. ( The Plan and Vision)
In her teens Thai and her older sister, Margaret, moved to America, where they lived with a family friend, attended high school in Amherst, Mass. and then enrolled at Amherst College. Lee eventually earned a double major B.A. in biology and economics–subjects she chose, in part, because of her accent and less-than-perfect fluency in English. “I was determined to avoid any and all courses that required writing and speaking in class,” she laughs, “because I was determined to get the best grade possible. I knew then that the best chance of success for me was to start my own business, because after I x-ed out all the professions I could not be successful in, that’s what I was left with.”
Lee chased her American dream with serious intent. After college she returned to Korea and worked at auto parts maker Daesung Industrial Co. in Seoul in order to raise enough money to get an M.B.A. A few years later she was back in Massachusetts and in 1985 graduated from Harvard Business School.
Afterward she chose jobs to help prepare her for inevitable entrepreneurship: two years at Procter & Gamble working on such brands as Always and Crest, then two years at American Express.
In 1989 Lee married Leo Koguan, a Columbia-educated lawyer who shared her dream of entrepreneurship–and later that year spotted an opportunity to make it come true. Lautek, a struggling software company in New Jersey, had a tiny division called Software House that sold business licenses to run programs like Lotus 1-2-3. It was down to only a few customers, but some of them were big (like AT&T), and the couple perceived lots of potential value in its relationships with vendors (like IBM). Koguan and Lee paid less than $1 million for that business, funding the purchase with savings and a few small loans. Soon after, they rechristened the company with a name that reflected Lee’s global ambitions: Software House International.
Lee hired Jagger as SHI’s VP of corporate sales, and over the next two years they constructed the new business unit from scratch. Lee paid for the expansion–the biggest in SHI’s history, according to the company, though it won’t disclose a dollar amount– without incurring any debt and by using only cash on hand.
It was a gamble, but it paid off. Seven years later Jagger’s division has revenues of more than $1.6 billion. And the expansion didn’t come at the expense of the rest of the organization: Over the same seven-year period revenue from SHI’s other business groups–enterprise, public sector and international–collectively doubled in size.
The best thing about hitting $6 billion in revenue, according to Thai Lee, is that there is still plenty of room to grow. The potential market for SHI–and competing IT providers, like CDW and Insight–is huge. Technology research firm IDC predicts that global spending on IT products and services will reach $2.16 trillion in 2015, up 3.4% year-over-year. But it’s clear that SHI will need to keep developing new lines of business, because the way that money is being spent is getting turned on its head.
My reason for reblogging this article is to emphasize the point with a vision and plan anyone in the world can succeed. All you have to do is believe in yourself.
Reblogged from: Forbes –
Brain conditioning article – http://www.businessinsider.com/5-way-to-condition-your-brain-for-success-2010-4