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Business Ideas - 3 Business Lessons From Ted Turner
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Today we're going to look at how a man who had all the odds stacked against him rose up to the challenge, proved his critics wrong, and became one of the wealthiest entrepreneurs in the world. This is the story of CNN founder Ted Turner and the top 3 lessons that you can learn from his success.
"Early to bed, early to rise, work like hell and advertise." - Ted Turner
Ted Turner (born November 19, 1938) is an American media mogul and philanthropist. He is the founder of the cable news network, CNN, and is known for his $1 billion gift to support United Nations causes. Growing up, Turner was a 'C' student and was rebellious, eventually getting expelled from Brown University for having a woman in his room with him. In the following years his parents divorced, he got married and divorced, his 12 year old sister developed terminal lupus and his father went so far into debt with his advertising company that he committed suicide. Turner was 24 years old and his father's company was almost bankrupt but he decided he would take over the family business.
Nobody believed the young rebel would ever make anything of himself. Turner set out to prove them wrong. He built up his father's advertising business and then expanded into radio and television ventures. He went on to create the CNN television network and Turner Broadcasting Systems (TBS). He would also go on to buy the Atlanta Braves baseball team and Atlanta Hawks basketball team to provide original content for his stations.
Turner came a long way from a 24 year old who nobody believed in. In 1991, Turner became the first media figure to be named Time magazine's Man of the Year. He owns over 2 million acres of land, has the largest private bison herd of 50,000, and donated $1 Billion to United Nations causes. His current net worth is over $2 Billion and he currently dedicates his time and resources to making the world a better, safer place for future generations.
Action Item #1: Decide You'll Be A Success
Action Item #2: Never Quit
Action Item #3: Work Hard
Turner has a longstanding bitterness with News Corporation's Rupert Murdoch. It began in 1983 when a Murdoch-sponsored yacht crashed into Turner's boat during a race causing it to sink only 10 kilometres from the finish line. Turner was an avid sailor and won the America Cup, sailing's most prestigious award, so he took the crash personally. He challenged Murdoch to a televised fistfight in Los Vegas - Murdoch declined.
"Do something. Either lead, follow or get out of the way."
"Watch me. I'm like a bulldog that won't let go."
"You can never quit. Winners never quit, and quitters never win."
What Do You Think?
Have you committed to being a success? How hard to you work in your business? What part of Ted Turner's message impacted you the most? As always, I'd love to hear your thoughts if you leave a comment below!
To learn more check out my list of Ted Turner articles at http://www.evancarmichael.com/Famous-Entrepreneurs/613/summary.php or my website, http://EvanCarmichael.com.