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.


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.


Conquering The Start-Up Fear

“You cannot achieve success in any business without believing that it is the greatest business in the world…you have to put your heart in the business and business in your heart.” Getting started with an entirely new idea is really tough and scary too. As it is completely different from your daily routine and therefore what most people lack in, is the patience, determination and the ability to plan.

Where to Start?

Start by identifying overall mission of the company, set small competently achievable goals which will boost your confidence. Have a proper planning and work accordingly.Your mind is your greatest asset for success in business and confusions are obvious so accept all confusions but make your own decisions and stick to them. People may tell you that you are crazy for giving up a good job, but trust what you know and take action.

The ‘Right Time‘ to Start

Know that there is no ‘right time’ to start. Never let fear of failure stop from making new decisions. Just try. No matter if you fail. Try again, fail again and fail better. Remember you will be a loser only if you allow yourself to be. So believe in yourself, take on your challenges and dig deep within yourself
to conquer fears.


Shaping The Ideas

Generating an idea is somewhat simple but implementing it, is a hard nut to crack. Every time you observe or experience a problem, thousands of ideas cross your mind simultaneously. It is easy to come up with new ideas, but astonishing at every new idea may lead to overwhelming. Before start working on an idea, you must know that how serious and passionate you are about the particular idea. Working simultaneously on different idea might break your train of thoughts and you may drown between the two boats. So don’t try to spread yourself too thin and keep your mind on one track.

The flow is stated which does not have a beginning or an end. It is sandwiched between arousal and control. So know your flows. Think on your feet, Identify which is ‘your’ abstract idea. Flirt with the ideas. Pick up the intangible idea among millions; which is out of the constraints and has the possibilities of the real world. Be cognizant; identify your strengths, weaknesses and available resources and then work accordingly.


When It Comes to Grief

The basic human tendency is to get threatened by the possible negative results and hesitate to start a new beginning. This is the basic problem which reduces the zeal and enthusiasm of people to enter into the field of entrepreneurship. This does not mean that you should not think about future, but it means we should not fear about the future.

There are always two consequences when we fail, either we lose our hope and start finding excuses for it, and start weeping over it or, we rise again with a smile on our face, a lesson from our downfall in our mind, and more enthusiasm in our spirit. But the ideal approach towards success is the second one. One should not let the situation overpower him, rather, he should overpower the situation, and if not so he should rise up again and again for that.
In entrepreneurship career also, there are many times, when we fail, but we should not see that as a failure, rather, we should visualize it as an experience and the next time we should apply that experience and again gear up ourselves towards our goal. Our approach should be like an ant, going back towards its anthill, no matter how many obstructions we place in its path; it will create its way. We should also remember one thing that, problems are there to be solved, not to get disappointed by them and get retarded.


All It Requires Is A Team

If you want to kill any idea in the world, get a committee working on it. Great things in a business are never done by one person, they are done by a team of individuals with different proficiency in which all the members are united to achieve a common aim. It is virtually impossible for a person to master all the skills and reach the heights of his capabilities, therefore, he requires a team among whom he can divide the work to be done according to their abilities and expertise. It’s like in a football game we never win the game because of two or three great players, it is a team who works with the same mindset following the same strategy and it proves to be a great boost in confidence when there is not just one or two players scoring goals but the whole team is contributing.

A team plays a very crucial role in the success of the venture. It is the essential ingredient of stardom. Working in a team is like a fuel that allows common people to attain uncommon results. It doesn’t matter how great your idea is, you cannot achieve goals if your team cannot pull it through. The best thing about the team is you always have others in your side; you have the set of people working for you, according to you on your idea and even if you fail you have your team to share the burden and divide grief.


Let The Bee in Your Bonnet and Buck Up Your Ideas.

Everything begins with an idea. Capital and experience aren’t that important in a business, what more important is generating the idea. Idea generation is simply a process of constructing the ideas, innovating the concept, developing the process and bringing the concept to reality. Ideas can come from anywhere. Just because you are a musician doesn’t mean all your ideas are about music, you can get the idea about plumbing or painting as well. No idea is stupid; it is all in your head. A childhood passion can also become the best entrepreneurship idea. You think you are getting stupid ideas; it’s ok because getting harebrained ideas is better than getting no ideas.

Working on an idea is like climbing dizzy heights; at first, they cause discomfort and you are anxious to get down, diffident of your own powers; but soon your steps get firm, sure and you begin to look for dizzier heights. You can call it a salvation by imagination. Don’t be frightened of new ideas; if you can dream it you can do it. Start observing your surroundings, think of new ideas and innovations and generate as many ideas as you can. Just let the bee in
your bonnet and buck up your ideas.


Big Basket:India's Largest Online Supermarket

Launched in 2011 the ace leader in grocery market ‘Big Basket’ has literally revolutionized the Indian mentality of shopping for grocery. Changing the servile mediocre way of shopping for groceries by doorstep service Big Basket made it big. Company’s work in instant delivery space, quality of product and wide range availability drew the best business figure for them. Big Basket compensates a customer every time when it is not able to deliver in given time, which has added to the high excellence in customer feedback.

Moulding According to Customer’s Need

With their immense understanding and experience of business and market, the founders build the strong and stable economy for the company. Their former big small success and failures drew them to sketch the victory picture of the company. Their customer friendly planning and marketing strategies led to its constant exponential growth. The company has crossed its million orders already.

The Huge Scalability

Operating in over 35 cities providing more than 12000 products and 1000 brands and headed to hit more with average order valuing about Rs. 1500, and 35000 orders a day the company is setting benchmarks. Started from 3 cities this Bengaluru based startup has done the sky business of 100s of million already. Right from conceptualizing to advertising the Big Basket has customer oriented yet an innovative set of approach drawing the best figures of success for them.


Read About These 3 Accidental Entrepreneurs!

Some of the most flourishing and encouraging entrepreneurs never set out with the goal of running a big company. Many are simply provoked to develop solutions to a problem that they face. And these solutions come to them as ideas that turn into business ventures. Here are some of the stories of accidental entrepreneurs:

1. Doug Lacombe

After losing his job found himself wondering what to do next. After spending six months looking for a full-time job, Lacombe opened Communicatto, a digital marketing firm that has been a growing successfully.

2. Janine Allis

Founder of Boost Juice, a housewife who turned into entrepreneur overnight. She had no business experience before. One day she came up with an idea and turned it into a multinational corporation with over 400 stores in 12 countries. She believes that there is no right way to business success and that anyone is capable of succeeding.

 

3. Melissa Kieling

She is another accidental entrepreneur who founded PackIt, which makes foldable, freezable lunch bags. PackIt has been named one of the fastest growing private companies. Kieling, a single mother who at one point had just some dollars left in her account, said that she started PackIt at her kitchen table after years of finding ways to
keep the fresh healthy lunches she packed for her kids.