10 People Who Will Destroy Your Business...The Goat,The Elephant,The Hater,The fat Cat...

By Isiaih Hankel

If you want to build a great business, you have to be very deliberate about whom you let into it. 

Emotions and behaviors may circulate through social networks in patterns similar to what’s seen in epidemiological models of the flu virus. Every positive person you let into your life increases your chances of being positive 11 percent, estimated a study published in 2010 in the Proceedings of the Royal Society.  

"Just one sad friend was needed to double an individual’s chance of becoming unhappy," Wired summarized about the report.

Figuring out whom to avoid and whom to let in won’t always be easy. But with a little practice, you can get really good at staying far away from people who might bring your business down. Here are 10 people (whether employees or clients) you should avoid if you’re starting a business:

1. The siren.

Sirens are those amazing and enticing people who come into your business and completely distract you. More than anyone else, these people have a way of stealing your focus and throwing your efforts off track.

A lot of promising futures have been sacrificed to sirens. Some people have sold their businesses for way less than they are worth and others have given up on their businesses to chase a get-rich-quick scheme than some sirens pitched them. Don’t let this happen to you. Don’t let an amazing person make you forget that you and your business have something amazing to offer the world, too.

2. The goat. 

Goats are those wildly charismatic, big-talking and full-of-luck people who seem to get away with everything. These people have many strengths.

The problem is that they use their strengths in devious ways. Goats have little ambition beyond convincing others to make bad decisions. If you find yourself constantly making bad business decisions every time you’re around someone in particular, it’s time to cut that person out of your business.

3. The elephant.

An elephant never forgets. Elephants are those people in your business who never let you live down past mistakes. They never let you live down who you used to be or how many times you’ve messed up.

Don’t let an elephant pull you back into the past. Everyone fails, especially entrepreneurs. If you’ve failed, it means you’ve learned. So stay on track and keep moving forward.

4. The hater.

Haters are people who want to be on top but don’t want to work to get there. Instead, they want to push everyone else around them down so it will seem like they’re on top.

Haters are losers but they also can serve as a source of motivation in a strange way. Don’t let haters into your business but use them as motivation to make your business as strong as possible.

5. The narcissist.

Narcissists are talented people who are too consumed with themselves to take action. They’re especially bad at taking team-oriented action.

A narcissist might even encourage you to put the image of your business over its reputation. This is always bad idea. When starting a business, it’s best to be transparent and authentic. Don’t try to make things seem bigger than they are and avoid trying to be something you’re not. Instead, be real. Keep narcissists out of your startup and stay focused on your reputation, not your image.

6. The nemesis.

When you’re starting a business, sometimes you’ll have to work with someone whom you can’t stand and who can’t stand you. If you’re not careful, this can become a major distraction.

Try to realize that what you don’t like about a nemesis is probably something you don’t like about yourself or it’s something that you like too much about yourself. Either way, something is at odds with your identity and the only way to fix it is to turn the mirror on yourself, not the nemesis.

Your adversary can be your advisor in a way. If you bring a nemesis into your startup, use this person to learn about yourself. Once you do this, he or she won’t be your nemesis anymore.

7. The Ares.

Ares is the Greek god of war. Ares-type people love conflict. They are addicted to drama and winning at all costs, even if there’s nothing to be won. Any time spent trying to correct or even understand an Ares is a waste of time. You are better off ignoring these people and keeping them out of your business altogether.

8. The Dionysus.

Dionysus is the Greek god of wine, parties and pleasure. Dionysus sorts are pleasure seekers who have very little patience for anything other than instant gratification.

Be careful when letting these people into your business because base pleasure of any kind is both addictive and time-consuming. It’s important to have friends and have fun, but you should never sacrifice your startup to a string of late nights.

9. The black cat.

Some people can walk into a business and light it up. Others walk in and kill it. Black cats are the latter. They are the people who seem to have a dark cloud following them everywhere they go.

These people are unlucky, negative and always depressed. Don’t feel bad for these people. Odds are, they like sitting in the pits. They like the attention it gives them. So, let them sit. Just make sure they’re sitting outside your business.

10. The fat cat.

Fat cats are those people who will come into your business, throw a bunch of money around and offer you the world. Whether these people are angel investors or venture capitalists from top firms, don’t let their flash or their cash distract you from the fact that they want to control your company and make money off you.

Be very careful with whom give your business to. You didn’t work this hard to watch your brand and reputation go down in flames at the paws of some fat cat who is now calling the shots. 

How To Obtain NAFDAC Registration For Your Product

Entrepreneurs who are into the manufacturing of food or drugs would readily agree that a major hurdle they had to cross was getting their product registered by the regulatory authority which, in this case, is the National Agency for Food and Drug Administration [NAFDAC].

For these entrepreneurs and those who want to venture into manufacturing freshly, the NAFDAC challenge is something better prepared for than wished away. This is because they cannot legitimately carry on such trade without the appropriate registration of the product(s) by NAFDAC which  must continue to safeguard public health by ensuring that only safe and right quality foods, medicines, cosmetics, medical device, chemicals, detergents and packaged water are manufactured, imported, exported, advertised, distributed, sold and used in Nigeria.

Stringent Process
Mrs. Christiana Obiazikwor is the Chief Public Relations Officer, NAFDAC. She says because the product registration process of NAFDAC is stringent, persons who require to go through it often view the process as very tasking and may complain of frustration. She says the major reason is lack of working information on what is required. “This could lead to wasted time and energy, as the unprepared applicant goes back and forth,” she says. This SuccessDigest's special report takes you into the world of NADAC and shows you what you can do to easily obtain the agency’s registration for your product and do your business with peace of mind instead of falling short of the law and risking severe consequences.

Overview Of NAFDAC
Obiazikwor says NAFDAC is mandated to regulate and control the importation and exportation, manufacture, advertisement, sales and use of food, drugs, cosmetics, chemical, medical devices and packaged water.

Registration Categories 
Obiazikwor says, “Currently, NAFDAC registers products in two categories: drugs and food. Drugs include medical devices, vaccines, chemicals and pesticides, veterinary products, nutriceuticals and supplements, herbal preparations and cosmetics.”

General Requirements 
Obiazikwor affirms that Products may be manufactured locally or imported. She says an application for registration can only be initiated by the Nigerian manufacturer, for a locally manufactured food or drug product. In the case of a product manufactured outside Nigeria, she says application must be by a Nigerian representative of the foreign manufacturer and this must be a registered company or an individual.

“In effect, the applicant must be based in Nigeria and is expected to possess the capacity to control the circulation of the product. The representative of a foreign manufacturer must however have a duly executed Power of Attorney from the manufacturer (signed by company MD, GM, Chairman or President) appointing and authorizing him to act in that capacity and specifying the name(s) of the product(s),” she says.

Registration Process
Though the specific documentations vary for different drugs and food categories, Obiazikwor says the general procedure is similar and, broadly, is a two-stage process:
1. Application for approval to bring in samples - not applicable if locally manufactured
2. Application for full registration of product - applies whether locally manufactured or imported

Procurement Of Samples Requirement – Imported Products
The registration process will require samples of the product. NAFDAC therefore grants special authorization to import such samples. Simply apply to NAFDAC for a written authorization to import samples. Also ensure that other documents required for clearing and taking delivery of samples are obtained, particularly Certificate of Analysis issued by the manufacturer and Certificate of Manufacture and Free Sale issued by the appropriate regulatory authority in the country of origin. Samples must also conform to stipulated product labeling regulations.

Requirements For Application For Full Registration Of Product – Imported Or Locally Manufactured Product
This starts with the procurement of the relevant registration application form for each product - NAFDAC approval is granted for each specific product. This simply means that two products from the same source will still require different approvals and numbers. In fact, two different packages of the same products are processed as different products. The application form is also available at NAFDAC's offices or online at NAFDAC's website. The completed form is to be submitted to the registration division of the agency.

You fill the application form and write an application letter. Your application letter must contain the name of the manufacturer and brand name of the product.

The completed application form with the application letter for each product should be returned toNAFDAC registration department with the following items:

• Five copies of written report for the product
• Sample of the products. Three packets. (drugs, food or cosmetics)
• Name and copies of the current license of your company’s superintendent/production chemist or pharmacists.
• The registration license obtained from Pharmacists Council of Nigeria (PCN) that permits you to use your factory for drug production or a license obtained from relevant professional body.

You will need to pay an amount of money as registration fee at NAFDAC designated bank. The amount paid for registration differs with respect to each product. You will find below the registration fees paid for each product class.

• Pharmaceutical drugs produced in Nigeria cost ---- N25, 000 to N70, 000.
• Herbal drugs cost ---------------------------------------------- N10, 000 to N20, 000
• Packaged Foods cost --------------------------------------- N40, 000
• Bottled Water cost -------------------------------------------- N50, 000
• Sachet Water cost -------------------------------------------- N30, 000
• Cosmetics cost ------------------------------------------------ N40, 000
• Pesticides/Chemicals cost -------------------------------- N40, 000

Finally, if you want your products to be approved quickly by NAFDAC, you will need to fix a date and invite them to inspect your factory and production facilities.

Key Requirements  (For Drugs)
1. Application is on single product basis
2. Written application stating name of manufacturer and name (and brand, if applicable) of product
3. Completed NAFDAC registration application form (Form D-REG/001)
4. Certificate of Incorporation with the Corporate Affairs Commission, if a company
5. Five (5) copies of the product dossier
6. Three (3) packs of the products samples
7. Notarised original copy of the duly executed Power of Attorney from the product manufacturer (imported product)
8. Certificate of Manufacture issued by the competent health or regulatory authority in country of origin and authenticated by the Nigerian Mission in that country (if foreign import). Where there is no Nigerian mission, The British High Commission or an ECOWAS country Mission will authenticate.
9. If contract-manufactured, Contract Manufacturing Agreement, properly executed and notarized by a Notary Public in the country of manufacture.
10. Current World Health Organisation Good Manufacturing Practice Certificate for the manufacturer, authenticated by the Nigerian Mission.
11. Certificate of Pharmaceutical Products (COPP) duly issued and authenticated
12. Current Superintendent Pharmacists license to practice issued by the Pharmaceutical Council of Nigeria
13. Premises Registration License from Pharmacists Council of Nigeria (PCN)
14. Certificate of Registration of brand name with trademark registry in the Ministry of Commerce here in Nigeria
15. Letter of invitation from manufacturer to inspect factory abroad, stating full name and location of plant
16. The applicable fee payable only if documents are confirmed to be satisfactory.

Nutriceuticals, medical devices and other regulated drug products have similar requirements, with minor variations.

Foods
The requirements are generally similar

Food – packaged water
Any company in Nigeria that wants to sell bottled or sachet water displaying an approved NAFDAC registration number must apply to the agency. The company needs to submit samples of its products for testing and agree to display an expiry date on its packaging. Once it has a NAFDAC number it can market its sachet product as 'pure water'.

Requirements
In order to qualify for NAFDAC registration, the company must be formally incorporated, and its water product must have a trademark registration. It must have a business premises for water production that conforms to generally accepted manufacturing practices. The company is also required to retain a water analyst to oversee its production process.

Testing
NAFDAC labs will test the water samples provided by the company for purity. The agency carries out tests to establish the alkalinity of the water, and also to check for the presence of any elements harmful to human health.

Criticism
The packaged water industry in Nigeria has been subject to significant criticism over its safety. NAFDAC itself has also come under fire for failing to adequately police the industry. Some companies are known to submit fake samples in order to pass NAFDAC tests and gain a registration number, but then sell untreated tap water labeled as pure. Other companies merely imprint an entirely fake NAFDAC number on their packaging.

Some Important Questions And Answers

How long does it take to get NAFDAC registration? 
Obiazikwor says, “I can say it will take three months, if all requirements are met as and when due. Getting your product registration certificate takes a maximum of six (6) months after the date of approval to be ready. You can also register your product yourself without knowing anybody in NAFDAC or going through an agent.”

Where is the NAFDAC registration Office?
In Lagos, with the following addresses.
(a) NAFDAC Central Laboratory Complex
3/4 Oshodi/Apapa Expressway, Oshodi, Lagos.
(For Registration And Regulatory Affairs Directorate, Legal Unit, Establishment Inspection Directorate, Food Laboratory, Narcotics And Controlled Substances Directorate).
(b) NAFDAC Central Drug and Vaccines Laboratory (CDVL)
Edmund Crescent, Yaba, Lagos (for Drug Laboratory and Ports Inspection Directorate).
(c) NAFDAC Enforcement Directorate.
Ahmadu Bello Way (Behind Nigerian Air Force Camp by Legico B/stop), Victoria Island - Lagos.

What is NAFDAC’s website and e-mail address?
Website: www.NAFDAC.gov.ng
E-mail: NAFDAC@NAFDAC.gov.ng

Can I do test marketing of my product before registration? 
No, test marketing of food products are not permitted.

How do I know that the name I want to use for registration of my product will be accepted by NAFDAC?
Write formally to NAFDAC for clearance of name which can hold for 2 weeks only.

When is the product likely to come out of the laboratory?
Six -- Eight weeks

For a small scale business, when is the right time/stage to start processing your registration? 
Obiaziakwor says, “If I may say this, there are ample benefits in starting with NAFDAC, even at the conceptualization stage, but people are fond of running away from us and they have tagged us as an unfriendly organisation. NAFDAC can put you through your business.”

What is the penalty for those who flout NAFDAC laws? 
Obiazikwor says, “For example, more than N20 billion worth of counterfeit drugs, unwholesome foods and other substandard regulated products have been confiscated and destroyed since Dr. Paul Orhii assumed office.

“For the first time in the history of Nigeria and even worldwide, NAFDAC recently got the Federal High Court in Lagos to pass 14 years jail term on each of the two production staff of Barewa Pharmaceutical Company, which had manufactured the deadly ‘My Pikin’ Teething Mixture (Drug) that killed 84 Nigerian children in 2008 shortly before Dr. Paul Orhii assumed office.

"NAFDAC has secured five other major convictions of fake drug offenders, while more than 124 cases are currently pending in court. More than 70 other counterfeit product offenders are currently under investigation.

“Anybody who has lived in Nigeria or monitored the events here in recent years will definitely know that NAFDAC is one government agency that has shown full commitment to executing its mandate without fear or favour. NAFDAC is empowered by the relevant laws to ensure that no processed food shall be manufactured in, imported into, exported from, or advertised, sold or distributed in Nigeria, without NAFDAC's approval.

"To do so will be in breach of the law and NAFDAC has shown it has no sympathy for such offenders. The prescribed penalties are stiff, including forfeiture of the goods. As NAFDAC has continually demonstrated, applying the full weight of the law is not an option it shies away from. If you are serious about the business you propose to engage in, the sensible way is to fully comply with the regulatory requirements.

"So, in this wise, defaulters will always find themselves to blame - to be forewarned is to be forearmed.”

Culled From Successdigest

55+ School Drop Out Successful Entrepreneur Billionaires...Nigerians included!!!

Do you feel dejected or left behind by your peers because you don’t have a college degree? Do you see your supposed illiteracy as a limitation to achieving your dreams? Or are you in the group that thinks education is the ultimate yardstick for success? If any of these questions best describes you, then please read on.

How does it sound to your ears that most of the world’s richest men and women were school drop outs? Well don’t be surprised; it’s the truth; and you too can become a billionaire in ten years or less.

“I have nothing against education. But at times, education gives people false confidence. It makes people relax, trusting in the power of their certificates rather than in working hard.” – Rasaq Okoya

Today, I will be sharing with you a brief compilation of the entrepreneurial success stories of self made men and women; who took the bull by the horn by building a business, without being held back by the lack of a college degree. These men and women found their entrepreneurial spirit, surmounted business challenges, completed the entrepreneurial process and became successful entrepreneurs.

“I have been within the four walls of school and I have been on the street. I can confidently tell you that the street is tougher, challenging, daring, exciting and more rewarding. In school; you play alone. But on the street, you play with the big boys.” – Ajaero Tony Martins

Warren Buffett, Mo Ibrahim, Mike Adenuga, Oprah Winfrey, George Soros, John D. Rockefeller, Sam Walton, Jerry Yang and David Filo, Anita Roddick, Sergey Brin and Larry Page, Jeff Bezos, Pierre Omidyar, Martha Stewart, Henry Ross Perot and Aliko Dangote; the richest black man in the world did not make the list because they possessed college degrees. Without wasting much of your time, below is a comprehensive list of some of the world’s richest school drop out billionaires.

“Behind every adversity is an opportunity. If you lament over the adversity, you will miss the opportunity.” – Ajaero Tony Martins

List of the Richest School Drop Out Billionaires and Successful Entrepreneurs

1.  Bill Gates: He is the billionaire co-founder of Microsoft Corporation, the world largest software company. Dropped out of Harvard to focus on building Microsoft. According to Forbes magazine, Bill Gates has held the position of the world richest man for thirteen consecutive years and he not showing a sign of letting go that position.

2.  Thomas Edison: Thomas Edison was labeled dumb and scatterbrain by his school teachers but he went on to become one of the world’s greatest inventors and founded General Electric; one of the most powerful companies in the world.

“Many of life’s failures are people who did not realize how close they were to success when they gave up.” – Thomas Edison

3.  Orji Uzor Kalu: He is one of the richest men on the soil of Africa. This young billionaire was rusticated from college for his participation in a student’s protest. Instead of lamenting over his predicament; he started trading on palm oil and from that humble beginning, he grew his business into a conglomerate “Slok Group.” Though he was later pardoned by the school authorities, he rejected the amnesty offer thereby refusing to return to school.

“A good businessman must have nose for business the same way a journalist has nose for news. Once your eyes, ears, nose, heart and brain are trained on business, you sniff business opportunities everywhere.” – Orji Uzor Kalu

4.  Li Ka Shing: Billionaire owner of Hutchinson Whampoa; one of the largest conglomerates in Hong Kong, with operations that span over fifty countries and more than 220,000 staff worldwide. Dropped out of school at the age of 15 and started out by selling watch bands.

“The first year, I didn’t have much capital so I did everything myself. I had to keep my overhead low by learning everything about running a business, from accounting to fixing the gears of my equipment. I really started from scratch.” – Li Ka Shing

5.  Richard Branson: Best known for his adventurous spirit and outrageous business tactics. He dropped out of school at the age of 16 to start his first successful business venture; Student Magazine, bought his own 79-acre Caribbean island when he was just 24 and he was knighted in 1999. He is the billionaire founder of the Virgin brand and its 360 companies. His companies include the famous Virgin Atlantic Airways.

“I wanted to be an editor or journalist. I wasn’t really interested in becoming an entrepreneur, but I soon found I had to become an entrepreneur in order to keep my magazine going.” – Richard Branson

6.  Lawrence J. Ellison: Larry Ellison dropped out of college twice and was told by his adoptive father that he would never amount to anything but he went on to become a billionaire by building Oracle, the world’s second largest software company.

“I have had all the disadvantages required for success.” – Larry Ellison

7.  Michael Dell:  He dropped out of college at the age of 19 to start PC’s Limited; later renamed Dell Computers Inc. Dell became the most profitable PC manufacturer in the world making Michael Dell a billionaire.

“I had to give it a full go and see what happened.” – Michael Dell

8.  Steve Jobs: Billionaire co-founder of Apple Inc and Pixar; dropped out of Reed College to start Apple.

9.  Henry Ford:  This automobile billionaire was born in abject poverty. He never saw the four walls of school but he went on to build Ford Motor Company and become one of the richest men that ever lived.

“Thinking is the hardest work to do, that’s why so few people are engaged in it.” – Henry Ford

10.  Walt Disney: Walt, regarded as the most influential animator because of his creativity with cartoons. He dropped out of high school at 16 and founded Walt Disney; a company which now has an annual revenue of about $30billion.

“If you can dream it, you can do it.” – Walt Disney

11.  Ray Kroc: Billionaire Ray Kroc never saw the four walls of school and spent most of his life working as a salesman. He bought McDonald’s in 1961 for $2.7m and grew it into a multi billion dollar company.

“Press on. Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent.” – Ray Kroc

12.  Debbi Fields: A 20 year old housewife with no education and business experience started Mrs. Fields Chocolate Chippery and became the most successful cookie company owner. She later renamed, franchised, and then sold Mrs. Field’s Cookies.

“You don’t have to be superhuman to do what you believe in.” – Debbi Fields

13.  Cosmos Maduka: Nigerian Elementary school drop out and billionaire founder of the Coscharis Group.

14.  Ingvar Kamprad: Billionaire founder of IKEA. He dropped out of high school at the age of 17 to start IKEA; now the top home furniture retailer in the world, with over 90,000 employees working in its 200-plus stores, and annual revenues in excess of $10 billion.

“I’m not afraid of turning 80 and I have lots of things to do. I don’t have time for dying.” – Ingvar Kamprad

15.  Carl Lindner: Billionaire investor and founder of United Dairy Farmers. He dropped out of high school at the age of 14 to deliver milk for his family diary.

16.  Simon Cowell: Famous for his involvement in American Idols, he dropped out of school at age 16 and started his own record label “Fanfare” at the age of 23.

“Good is not enough; you’ve got to be great.” – Simon Cowell

17.  Mary Kay Ash: Founder of Mary Kay Inc and best known as the most outstanding business woman in the 20th century. Mary never saw the four walls of school.

“When you reach an obstacle, turn it into an opportunity. You have the choice. You can overcome and be a winner, or you can allow it to overcome you and be a loser. The choice is yours and yours alone. Refuse to throw in the towel. Go that extra mile that failures refuse to travel. It is far better to be exhausted from success than to be rested from failure.” – Mary Kay Ash

18.  Coco Chanel: Fashion magnate and founder of the Coco Chanel brand, she never saw the four walls of school.

19.  Wayne Huizenga: Wayne is the only person in history to build three Fortune 1000 companies practically from scratch: Waste Management Inc, Blockbuster Entertainment and AutoNation. He is the only person to have developed six NYSE-listed companies. He also owns the Miami Dolphins and is previous owner of the Florida Marlins baseball team and the Panthers hockey team, making him the only person ever to own three pro teams in a single market, two of which won national championships. He dropped out of college to join a friend in a garbage collection business.

20.  Barry Diller: This billionaire media magnate dropped out of college to start Fox Broadcasting Company. He is chairman of Expedia, and was once the CEO of IAC/InterActiveCorp which includes Home Shopping Network and Ticketmaster.

“There’s a world in which reasons are made up because reality is too painful.” – Barry Diller

21.  Andrew Carnegie: Founder of Carnegie Steel Company and one of the richest men that ever lived. Born in abject poverty, Andrew never saw the four walls of school.

“I shall argue that strong men conversely know when to compromise and that all principles can be compromised to serve a greater purpose.” – Andrew Carnegie

22.  Sir Philip Green: Billionaire retail mogul and owner of the Arcadia brand, he dropped out of school at the age of 16. After four business failures, Philip Green made his first million at the age of 33.

“If you’ve got a natural talent, I think it’s fantastic. If I wasn’t in retail, being a singer or a tennis player would be a better idea.” – Sir Philip Green

23.  Madame C. J. Walker: She was born into the family of ex-slaves and farmers. Despite being widowed at the age of 20 and faced with extreme hardship, she started a cosmetics business and went on to become the first American self made female millionaire.

“I had to make my own living and my own opportunity! But I made it! Don’t sit down and wait for the opportunities to come. Get up and make them” – Madam C.J. Walker

24.  Mark Zuckerberg: The youngest billionaire in the world, dropped out of Harvard to promote his social networking platform; Facebook. As at 2010, he was 23 years and worth $4billion.

25.  Ted Turner: Billionaire drop out media mogul and founder of CNN; pledged a billion dollars to the United Nation.

“All my life, people have said that I wasn’t going to make it.” – Ted Turner

“Over a three year period, I gave away half of what I had. To be honest, my hands shook as I signed it away. I knew I was taking myself out of the race to be the richest man in the world.” – Ted Turner

26.  Cornelius Vanderbilt: Dropped out of school at the age of 11, began operating his own boat at the age of 16 and became one of the richest men in history.

“If I had learned education, I would not have had time to learn anything else.” -Cornelius Vanderbilt

27.  Mayer Amschel Rothschild: was born in a ghetto; started business as a money lender and built the largest private fortune in history. He never saw the four walls of school.

“Give me control over a nation’s money supply and I don’t care who make the laws.” – Mayer Amschel Rothschild

28.  Ty Warner: Billionaire real estate investor, hotel owner, sole owner, CEO, and Chairman of Ty, Inc. Ty Warner is a savvy, yet private business man. Ty, Inc; made $700 million in a single year with the Beanie Babies craze without spending money on advertising. He has since expanded to include Ty Girlz dolls, directly competing with Bratz dolls.

29.  Howard Hughes: Dropped out of California Institute of Technology and Rice University; founded Hughes Aircrafts and Co and went on to become a billionaire.

“I intend to be, the richest man in the world.” Howard Hughes

30.  Giorgio Armani: Billionaire founder of the fashion brand; Giorgio Armani S.P.A. Dropped out of medical school at the University of Bologna because he couldn’t stand the sight of blood.

“Remain true to yourself and your philosophy.” – Giorgio Armani

Successful Entrepreneurs and World’s Richest School Drop Out Billionaires

31.  Asa Candler: Founder of the Billionaire company and world’s most popular brand; Coca Cola. He dropped out of school at the age of 10.

32.  Jenny Craig: With no college degree, this woman started Jenny Craig Inc from scratch and grew it to become one of the largest and most recognized companies in the weight management industry.

“If I make a commitment to something, I will stick to it no matter what.” – Jenny Craig

33.  Rachael Ray: Despite having no formal training in culinary arts, Rachel Ray made a name for herself in the food industry. With numerous shows on the Food Network, a talk show and cookbooks, high-energy Rachael never slowed down. She has also appeared in magazines as well has having her own magazine debut in 2006.

34.  Milton Hershey: With only a fourth grade education, Milton Hershey started his own chocolate company. Hershey’s Milk Chocolate became the first nationally marketed chocolate.

35.  Frank Lloyd Wright: surpassed all odds to become the most influential architect of the twentieth century. Frank Lloyd Wright designed more than 1,100 projects with about half actually being built. He never saw the four walls of high school.

36.  David Geffen: billionaire founder of Geffen Records and co-founder of DreamWorks.

“I never went to business school. I was just bumbling through a lot of my life. I was like the guy behind the curtain in the Wizard of Oz.” – David Geffen

37.  Billy Joe (Red) McCombs: founder of Clear Channel media, real estate investor.

38.  Craig McCaw: billionaire founder of McCaw Cellular.

39.  Dave Thomas: billionaire founder of Wendy’s.

“There’s no one to stop you but yourself.” – Dave Thomas

40.  ay Van Andel: billionaire co-founder of Amway.

41.  Micky Jagtiani: billionaire retailer, Landmark International

42.  John Paul DeJoria: billionaire co-founder of John Paul Mitchell Systems and Patron Spirits tequilla.

43.  David Green: billionaire founder of Hobby Lobby.

44.  Frederick “Freddy” Laker: billionaire airline entrepreneur.

45.  Kirk Kerkorian: billionaire investor, owner of Mandalay Bay and Mirage Resorts, and MGM movie studio.

46.  Leandro Rizzuto: billionaire founder of Conair

47.  Leslie Wexner, billionaire founder of Limited Brands.

48.  Marc Rich: billionaire commodities investor and founder of Marc Rich & Co.

49.  S. Daniel Abraham: billionaire founder of Slim-Fast.

50.  Theodore Waitt: billionaire founder of Gateway Computers.

51.  Y.C. Wang: billionaire founder of Formosa Plastics.

52.  Paul Allen: billionaire co-founder of Microsoft Corporation; dropped out of Washington State University.

53.  Ralph Lauren: Billionaire fashion mogul. Studied business at Baruch College for two years and dropped out.

54.  Dean Kamen: Billionaire Kamen holds more than 80 US patents; famous for the Segwey PT, Auto syringe and IBOT robotic wheelchair; dropped out of Worcester Polytechnic.

55.  Dhirubhai Ambani: Famous founder of Reliance Group and father to two billionaires; Anil and Mukesh Ambani. Started Reliance Industries from scratch and never saw the four walls of the school.

Culled From
http://www.mytopbusinessideas.com/