Learning About Business from Walt Disney

Recently I happened to come across a video about Walt Disney and how his big company Disney was formed.  Anyone by this point who has not heard of Walt Disney must be living in real third world conditions.  And the number of people who live in those conditions are decreasing every year. 

The video I was watching was this one: 

How BIG is Walt Disney? (They Own Marvel)

The maker of the Video calls himself ColdFusion.  If you're unfamiliar with him, I recommend you watch more of his videos. 

Anyway, back to the reason for my blog today.  The video's artist Dagogo, goes from the beginning of Walt's career to the end.  By the end it turns out Mr. Disney had several failed businesses.  In many conversations I have had with other business owners who now have successful businesses have also failed a number of times with past ventures.  Which leads me to a common core message you must take on if you want to succeed in entrepreneurship.  Without further adieu, here are some lessons from the late great Walt Disney.

10 Business Practices by Walt Disney:

  1. Failure does not mean give up.
  2. If you really can not find someone to do something the way you want, do it yourself.
  3. People will tell you that you can't do it, ignore them.
  4. Love your work or learn to.  If you can not, move on.
  5. Giving an experience is better profit than just good products.
  6. The more businesses you own, the safer you will be.
  7. Being a perfectionist is not a bad thing.
  8. Rejection is good motivation.
  9. Always own your work. If someone else owns the profit from all the hard work you put in, you can lose it all.
  10. Push the limits of technology.

Well, there you have it.  All business owners can find a lot of value in that set of business practices.  Walt really had a wonderful mind and the world would be a much less entertaining place without him.  Now, I'm going to end with a few really great quotes by Walt that should inspire you all.

  • "I have been up against tough competition all my life. I wouldn't know how to get along without it." - W.D.
  • "Why worry? If you've done the very best you can, worrying won't make it any better." - W.D.
  • "Do your best work, then try to trump it." - W.D.
  • "If you can dream it, you can do it." - W.D.

I wish you all the best in your endeavors,

Martin J. Glennon