Website design By BotEap.comPerseverance is undoubtedly an important aspect of business success. The saying “If at first you don’t succeed, try, try again” means that few people are capable of achieving great things without first overcoming the obstacles that stand in their way. Website design By BotEap.comHere are four examples, two from the past and two from the present, of successful business perseverance to help inspire you to achieve the seemingly impossible. Website design By BotEap.comthomas edison Website design By BotEap.comAs a young man, Thomas Edison’s parents removed him from school after his teachers declared him “stupid” and “impossible to teach.” Edison spent his early years working and being fired from various jobs, culminating in his firing from a telegraph company at the age of 21. Despite these numerous setbacks, Edison was never discouraged from his true calling in life: inventing. Throughout his career, Edison obtained more than a thousand patents. And while several of these inventions, such as the light bulb, the printer, the phonograph, and the alkaline battery, were revolutionary innovations, the vast majority of them could be described as failures. And now Edison is famous for saying that genius is “1% inspiration and 99% perspiration”. Website design By BotEap.comOne of Edison’s best examples of perseverance occurred after he was already a successful man. After inventing the light bulb, he began looking for cheap filaments for light bulbs. At the time, ore was being mined in the Midwestern United States and shipping costs were very high. To combat this, Edison established his own mineral extraction plant in Ogdensburg, New Jersey. For almost ten years, he devoted his time and money to the company. Edison also obtained 47 patents for innovations that helped make the plant run better. And even despite those inventions, Edison’s major project failed due to poor ore quality on the East Coast. Website design By BotEap.comDespite that failure, however, one of those 47 inventions (a grinding machine) revolutionized the cement industry and actually paid Edison back almost all the money he lost. Henry Ford would later credit Edison’s Ogdensburg project as the main inspiration for his Ford Model T assembly line. And indeed, many believe that Edison paved the way for today’s industrial laboratories. Edison’s foray into mining proves that dedication can pay off even in a losing company. Website design By BotEap.commilton hershey Website design By BotEap.comMilton Hershey had a long way to the top of the chocolate industry. Hershey dropped out of the fourth grade to take an apprenticeship with a printer, only to be fired. She then became an apprentice to a candy maker and later started 3 candy companies with no success. Website design By BotEap.comHowever, Hershey was not giving up. After these failed attempts, he founded the Lancaster Caramel Company. Despite his initial setbacks, the Hershey’s caramel recipe was a great success. Looking beyond caramel, Hershey believed that chocolate products had a much better future, and he sold the Lancaster Caramel Company to start the Hershey Company, which brought milk chocolate to the masses. Website design By BotEap.comIn doing so, Hershey overcame failure and achieved its goals. He also created hundreds of jobs for Pennsylvanians and was generous with his wealth, building homes, churches, and schools. Website design By BotEap.comsteve jobs Website design By BotEap.comPerseverance isn’t just limited to the early phases of a person’s career. In fact, failure can often occur after a long period of achievement. Website design By BotEap.comApple founder Steve Jobs achieved phenomenal success at a young age. When he was 20, he founded Apple in his parents’ garage, and within ten years, the company had grown into a $2 billion giant. However, when Jobs turned 30, Apple’s board of directors fired him from the company he created and he found himself unemployed. Instead of seeing this as a curse, Jobs treated it as a freedom to undertake new initiatives. In fact, Jobs later stated that getting fired was one of the best things that ever happened to him, as it gave him the opportunity to think more creatively and start a new company. Website design By BotEap.comAfter being fired from Apple, Jobs founded NeXT, a software company, and Pixar, the amazing movie company that has produced animated movies like Finding Nemo. Subsequently, Apple bought NeXT. After founding these companies, Jobs not only returned to Apple, but helped launch its current resurgence in popularity with the creation and success of the iPod and iPhone. Jobs attributes the success of his career and his strong relationship with his family to the fact that he was fired from Apple. Website design By BotEap.comSimon Cowell Website design By BotEap.comAlthough Simon Cowell is now a pop icon and a wealthy man, Cowell faced struggles earlier in his life. When he was fifteen years old, he dropped out of school and worked various odd jobs. Cowell eventually received a job in the mailroom at EMI Music Publishing, where he was able to work his way up in the A&R department. After EMI, Cowell formed his own publishing company, E & S Music. Website design By BotEap.comUnfortunately, Cowell’s new company went bankrupt in its first year of operation. As a result, Cowell was saddled with a large amount of debt and had to move back in with his parents. However, he was persistent and eventually got a job at a small company called Fanfare Records. Cowell worked at Fanfare for eight years and was able to help build the company into a successful record label. From there, he spent several years recruiting musicians and cultivating talent before launching the “American Idol” and “X-Factor” franchises that would make Simon Cowell a household name.