Walt Disney's Failures Could Inspire Entrepreneurs

Written by Stephen Schochet


Walt Disney's Failures Could Inspire Entrepreneurs By Stephen Schochet

You are a struggling entrepreneur and sometimes it feels like you are pushing a 3 ton boulder up a steep hill. Costs keep mounting and you are considering giving up. Well before you do, check out these 10 setbacks that Walt Disney had, some were financial nightmares that put him millions of dollars inrepparttar red:

1) Walt formed his first animation company in Kansas City in 1921. He made a deal with a distribution company in New York, in which he would ship them his cartoons and get paid six months downrepparttar 105281 road. Flushed with success, he began to experiment with new storytelling techniques, his costs went up and thenrepparttar 105282 distributor went bankrupt. He was forced to dissolve his company and at one point could not pay his rent and was surviving by eating dog food.

2) Walt created a mildly successful cartoon character in 1926 called Oswaldrepparttar 105283 Rabbit. When he tried to negotiate with his distributor, Universal Studios, for better rates for each cartoon, he was informed that Universal had obtained ownership ofrepparttar 105284 Oswald character and they had hired Disney's artists out from under him.

3) When Walt tried to get MGM studios to distribute Mickey Mouse in 1927 he was told thatrepparttar 105285 idea would never work-- a giant mouse onrepparttar 105286 screen would terrify women.

4) The Three Little Pigs was rejected by distributors in 1933 because it only had four characters, it was felt at that time that cartoons should have as many figures onrepparttar 105287 screen as possible. It later became very successful and played at one theater so long thatrepparttar 105288 poster outside featuredrepparttar 105289 pigs with long white beards.

5) Snow White andrepparttar 105290 Seven Dwarfs was sneak previewed to College Students in 1937 who left halfway duringrepparttar 105291 film causing Disney great despair. It turned outrepparttar 105292 students had to leave early because of dorm curfew.

6) Pinocchio in 1940 became extra expensive because Walt shut downrepparttar 105293 production to makerepparttar 105294 puppet more sympathetic thanrepparttar 105295 lying juvenile delinquent as presented inrepparttar 105296 original Carlo Collodi story. He also resurrected a minor character, an unnamed cricket who tried to tell Pinocchiorepparttar 105297 difference between right and wrong untilrepparttar 105298 puppet killed him withrepparttar 105299 mallet. Excited byrepparttar 105300 development of Jiminy Cricket plusrepparttar 105301 revamped, misguided rather than rotten Pinocchio, Walt poured extra money intorepparttar 105302 film's special effects and it ended up losing a million dollars in it's first release.

"Time Keepers and Clock Makers"

Written by Rene' Jones


Can you figure out a way to perform your job in a manner that you save time doing it? Of course not! Time cannot be saved, it moves atrepparttar same speed no matter what you do!

Now think of allrepparttar 105280 things that are done within your warehouse, supposedly to save time. How many of those things actually worked overrepparttar 105281 long haul? Can you count them on one hand? If so, then what do you do?

It all starts and ends with your warehouse supervisor. When you hire a supervisor what type of person do you look for? Usually it is a “Time Keeper”! Here is a parable: Imagine if someone told you they could look atrepparttar 105282 Sky, day or night, and tell you what time it is. Wouldn’t that be impressive? But what would be even more impressive is a person that could build a clock that would dorepparttar 105283 same thing, a “Clock Maker”!

When interviewing a person for a supervisor’s position we ask them about all ofrepparttar 105284 things they have done. We ask their references aboutrepparttar 105285 things they have done. Then if we like what their past has to tell us, we tell them about all ofrepparttar 105286 things our organization has done and how great our company is. Then once they are hired, we seldom provide them with any training and later we wonder why we continue to haverepparttar 105287 same problems. Basically we hire people to maintainrepparttar 105288 status quo. A person who can maintainrepparttar 105289 time! “Is this what you want”? A “Time Keeper”!

Why don’t we tellrepparttar 105290 potential employee aboutrepparttar 105291 problems we have within our warehouse? Why don’t we tell them what our expectations are? By doing these things does that meanrepparttar 105292 company is not as great? Of course not, we are just being honest withrepparttar 105293 same person we expect to be honest with us. By being completely honest you give themrepparttar 105294 opportunity to give you their vision about how your warehouse should run. A “Clock Maker”! A person with a vision andrepparttar 105295 determination to achieve that vision is much more valuable to your organization, even atrepparttar 105296 warehouse level. Remember, your warehouse isrepparttar 105297 first department to touchrepparttar 105298 product when it arrives fromrepparttar 105299 vendor andrepparttar 105300 last department to touch it beforerepparttar 105301 customer sees it. Doesn’t this mean we should devote more time and energy to ensuring our customers are completely satisfied?

Think about this, “What isrepparttar 105302 most expensive asset you have within your organization”? Now imagine, “Your Money,” being controlled by a person with no vision and no desire to improve your investment. Would you let your 401k be controlled by someone without telling him or her what your expectations are? Without telling them how much of an increase you are expecting? Would you trust it to someone who could not tell you how he or she plans on improving your investment and in what time frame? Then why trust your organizations largest investment torepparttar 105303 person withrepparttar 105304 best past and a limited future.

If we are looking for experience we must look deep and ask ourselves, “how much experience does your warehouse supervisor really have”? Look at their resume when you hired them, then ask, to view their latest resume. Has it changed? Look atrepparttar 105305 resume of a potential warehouse supervisor. Has it changed overrepparttar 105306 years? The types of jobs they have held are probably similar, their positions are allrepparttar 105307 same, and their achievements arerepparttar 105308 same from company to company. Remember, nothing is as futile as expecting past returns to be translated into future returns on a linear basis. Now ask yourself, “Does this person have “X” number of years of experience” or “1 year of experience repeated “X” number of times.” A “Time Keeper”. Is thisrepparttar 105309 best person for your organization? Or, should you hold out for a, Clock Maker?

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