The road to entrepreneurial success is rarely paved in gold. Some of the most prolific business magnates around the world have reached their stature after much adversity early in their life and an equal measure of failure. They say storms make trees take deeper roots, which is veritably the case with some of the most well-known and successful entrepreneurs around the world.
Tim Ferriss transformed his side business into the ever popular book, "The 4-Hour Workweek," which has topped the New York Times bestsellers list time and again.
2.Sir Alan Sugar
Sir Alan Sugar's upbringing saw him leave school at the age of 16 all while growing up on public housing. As Sugar has stated, “back at home, lack of money was always the main item on the agenda. My parents did their best, but not being able to have what I wanted made me determined to do something for myself – to be self-sufficient.” And this he became, founding heavyweight consumer electronics company Amstrad.
Pat Flynn did a complete 360 from getting laid off to earning a $300,000 per year income. He originally started his business as a side project in college until he was laid off and needed to switch gears. He now runs a website called Smart Passive Income, that explains all the intricacies of running a business. He also has his own book and several other podcasts and websites.
Prior to founding AppSumo, an online company that builds tools for entrepreneurs, Noah Kagan worked at Facebook and Mint. He's mostly known for his side hustle projects that encourage everyday people to take the leap into entrepreneurship. For instance, his 24 hour business challenge, which challenged him to begin a $1,000 business in 24 hours.
Li Ka-Shing is the wealthiest business magnate in Asia with holdings in banking, construction, real estate, plastics, cellular phones, satellite television, cement production, retail outlets, hotels, domestic transportation, airports, electric power, steel production and shipping. His upbringing was incredibly tough following his father's death, as he worked 16 hours/day to support the family.
Chris Guillebeau started the movement The Art of Non-Conformity (AONC), which is a home for unconventional people doing remarkable things. Chris Guillebeau traveled to all 169 countries around the world through travel hacking and shows others how they can also make life, work and travel a reality.
Following a crippling car accident that almost took his right arm, real estate agent Chad Mureta was left bed-ridden at a hospital. Needing extra income, he began to research mobile apps after reading an interesting news article. He drafted some app ideas and hired a developer to create Fingerprint Security - Pro, which soon became one of the 50 most popular apps in the App Store and earned him $140,000 in the process. From there, Mureta founded and sold three app companies — Empire Apps, Best Apps and T3 Apps — and currently runs a blog called App Empire.