6 Celebrities Who Turned Into Successful Entrepreneurs

Stardom surely brings prosperity and fame but not stability and security. That is why many celebrities walked down to the path of entrepreneurship to make their mark in the business industry. These celebrities have made leading brands, companies, and fine dining restaurants that have made a huge fortune by thriving in the entrepreneurial world. So here are some of your favorite celebrities who managed to emerge out as successful business owners

1. Robert De Niro

Academy Award winner Robert De Niro is the co-founder of the successful chain of NOBU restaurants located at around thirty places in the world. In an interview, De Niro said he does not even remember how many places he has invested in.

2. Shahrukh Khan

The King of Bollywood runs a production house called Red Chillies Pvt. Ltd. and is the owner of the IPL team Kolkata Knight Riders. Recently, he has also bought 26 percent shares of the Indian franchise of KidZania, an international chain of family entertainment centers.

3. Victoria Beckham

The famous supermodel who is married to David Beckham is recently named as the top entrepreneur in the U.K. Her leading eponymous fashion label has increased sales by a factor of 30 since launching in 2008. In 2011, she also won Designer Brand of the Year at the British Fashion Awards.

4. Jennifer Aniston

The mega-movie star of the 90’s, Jennifer is a co-owner of Living Proof, a hair care company, launched two fragrances, with her most recent being J by Jennifer Aniston.

5. Jessica Alba

While she has found plenty of success in Hollywood, her business venture The Honest Co. makes environmentally friendly baby products is the household product is valued in billions.

6. Sunil Shetty

Sunil is probably the smartest businessman in Bollywood. As he is a fitness freak, Sunil runs a number of gyms across India. He also owns a production house named Popcorn Entertainment. Sunil is the owner of Mischief, a series of boutiques spread across Mumbai. He is also into designing and development of luxury real estate projects through his venture S2 Reality. Besides these, he also runs a few restaurants in Mumbai too.

Ambitions Should Soar, Not Creep

We came across many entrepreneurs who have the zest and the zeal, they have the entrepreneurial spirit in them, but they do not reach their desired heights. If some of them attain it, they failed to maintain it. Success is not the sweetest, it seems to be. Just like to comprehend the nectar requires sorest need.

How Can You Achieve Entrepreneurial Success?

So how can we achieve the perfect entrepreneurial success? First of all don’t expect opportunities to be created, create your own opportunities. Always carry a positive attitude. A good attitude is contagious and always inspires others. If you need to fake it until you make it, so be it. Kent said: “Positive thinking is powerful thinking. If you want happiness, fulfillment, success and inner peace, start thinking you have the power to achieve those things. Focus on the bright side of life and expect positive results.”

Dream First

Well Begun is half done, so in order to achieve the perfect entrepreneurial success, you have to dream first. Start cultivating great dreams; prepare your plans such that they must have a dream, a vision, a purpose and a mission. Make someone your mentor to ensure that you are on the correct path. Take decisions on your own, drop everything and set your aim to only one goal, be disruptive, just color out of the lines and keep challenging yourself.

Entrepreneurial Opportunities in Family Business

The family business focuses on maintaining ownership across multiple generations but they might not be considered compatible with entrepreneurship. The heirs of the family firms are supposed to take care and grow founder’s creation, but they are not expected to be entrepreneurs themselves. This often kills the family business.

The Stats Says It All

According to a survey, only 60% of the family businesses survive to the second generation and only 12% to the third generation. This is because in family businesses one has to focus on balancing financial performance as well as maintaining family control which in turn affect their decisiveness and planning and this cannot be maintained without the entrepreneurial mindset.

Entrepreneurship in Family Business=Scalability

We think that family business and entrepreneurship are two opposite poles but the truth is family businesses are incomplete without an entrepreneurial touch. They are actually two faces of the same coin. We have to understand the practicality that we can create more opportunities in family businesses which can be done by widening the customer segment, by expanding the business into the new market or by adopting the changes and diversifying into the activities that can grow. This will also help in overcoming identity crises. The importance of entrepreneurs is not
only the continuation of the family company but for the continued success of the family itself.