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.

What Triggers Entrepreneurial Fear?

Entrepreneurship is a treacherous field, where you will constantly experience risks, fears, uncertainty, and self-doubts, and these can often be a barrier to perusing your dreams. You need to be prepared for these risks and overcome your fears proactively. The greatest obstacle to start a small business is not actually about products selling or money – it’s fear. All the entrepreneurs face internal questioning and uncertainty while bringing their own unique idea out of their head into reality and it is obvious but, you must travel in the direction of your fear.

Where Does Fear Come From?

These fears arise because most of us do not know where to start when initially we bring our ideas on a platform. Sometimes this happens because you are not aware of the other successful entrepreneurs of the same field and therefore you are confined to your own thoughts. You are afraid of your competitors.

The Fear of Failure

You fear not because of your employee, partners, and investors relying on you but mostly because you don’t want yourself to be a failure. You have to prove yourself that you have the potential to make your dreams come true. No matter how successful or experience an entrepreneur is, he will face this internal fear when taking on the new endeavor. That’s why when people from same trade and seldom meet together, even for a merriment and diversion, but the conversion ends in a conspiracy against the public.

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.

It Ain’t Over Until It’s Over

Mistakes are a fact of life; it is the response to error that counts. We all make mistakes and fail at some point in our lives, but rather than running and hiding, learn how to overcome failure. Failure can hurt. It can stop you dead in your tracks and make you question everything about yourself. But it doesn’t have to be the end of the world. It doesn’t have to be the end of your journey unless you allow it to be. In fact, it can even be turned into a secret weapon if you can learn how to spin your stumbles into strengths. Every time we fail we fret it, we try to avoid and we question ourselves. But the simple truth is, no great success was ever achieved without failure.

Failures are stepping stones to achieve our dreams. Ever found someone who always had everything work out for him with no struggles? The answer will always be ‘no’. Don’t expect that success will be there at every door you may also encounter failure at times. It is a natural part of the process so don’t afraid of failure rather; be prepared for it and try to find ways by which you can minimize the losses of the failure. Moving on from failure is very important in order to achieve your entrepreneurial goals and it won’t happen automatically. You will have to rise up and say, ‘yes! I am moving on with my life’. When you deal with failures you try to take actions as soon as possible equivalent to
running from the problems; instead, take a moment so that you can be sure that you are making right decisions for future. Always try to learn something from your mistakes. Never think failure as a waste of time, it is the time invested in gaining more knowledge and experience. “Failure should be your teacher, not Undertaker. It is a temporary detour, not a dead end.”

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.

Entrepreneurship is not about just creating a company but about the journey of walking on the path full of thorns and obstacles till you reach the success. It is like moving from failure to failure with no loss of enthusiasm. It takes the courage and ability to remain comfortable in times of discomfort where the more you cultivate being at ease during the time of challenge, the greater your life will be.

Starting as an entrepreneur is like putting yourself on sale where every day you will experience new encumbrance and challenges. An entrepreneur is like an artist who is essentially a visualizer, who can visualize something and knows how exactly to make it happen. An entrepreneur should have a healthy dose of desire to reach their big vision if they want to eventually arrive at success. You don’t need to be an entrepreneur to get started with your first endeavor; you need to get started with your first endeavor to be an entrepreneur. Don’t stop on
failure; keep moving ahead on the journey of achieving something.

Entrepreneurship In Rural India

India is a country of villages where more than half of the population resides in rural areas. India’s progress is thus highly dependent on the development in the rural areas. India is predominantly a rural-based economy and its growth would have a significant impact on the growth of the country as well.

A Sea of Opportunities

Rural entrepreneurship will provide ample of opportunities to people who migrate from rural to urban areas in search of jobs. Rural entrepreneurship can also fill in the gap between the income imbalance of rural and urban people. There are many business fields in which rural people can enter into such as agro-based industries, handicraft industries, service industries and various other avenues to adopt entrepreneurship.

Make In India

By providing them with technology and entrepreneurial skills to grow local businesses and develop professional careers locally will help rural entrepreneurs to grow and boost in their respective areas. Prime Minister Narendra Modi’s ‘Make in India’ initiative focuses on making India a global manufacturing hub, by encouraging domestic companies to manufacture their products in the country. And this can be achieved only when we will think seriously about promoting entrepreneurship on a large scale and reaching out to every corner of our country.

Dharavi: Entrepreneurship In Its Rarest Form

Dharavi is home to hundreds of big-small scale businesses, from leather and textile industries to pottery and embroidery, huge recycling industry processing waste from other parts of Mumbai. It exports goods around the world with the economy over US$1 billion per year. Dharavi has endless talent and craftsman working harder and better every day to produce a variety of goods. And to bring these entrepreneurs and artist on the platform of world approach and exploration, Dharavimarket.com is doing the wonder in the entrepreneurial sky.

An E-Commerce Never Seen Before

E-Commerce is increasing exponentially, the effect of technology’s advancements and reach has strengthened and spread e-commerce, understanding the potential Megha Gupta founded ‘Dharavimarket.com’ in August 2014. The company has 1000s of registered craftsmen providing various products with variations in design and ranges.

Richest of The Poors

The smooth and transparent working of the system has countered the turbulence in the market of Dharavi. Artisans in Dharavi were just laborers due to unavailability of rigid linkage to the world, they were stuck in the mire of profane routes, step-ups like this are there channelizing the odds for the perfect even and adding to the great in reaching bigger numbers for business. Megha is heading for future to implement the Social Capital Credits Program (SoCC), which is the aim of their partnership with URBZ to improve the life quality of artisans and craftsmen.

This initiative is uniquely special as it has given the voice and vision for the dingy and drowned cells of Dharavi, people living their reflect their culture with work, the recognition for their work is making not to just for their bread but also for their social integrity.