Technology
The Habits of Highly Successful Entrepreneurs
The Habits of Highly Successful Entrepreneurs
Modern entrepreneurs live and work in a fast-paced and frictionless environment that is unlike anything before seen in history.
Through the power of the internet, entrepreneurs have the choice of a variety of platforms and business models, all with almost zero barriers to entry. Today’s startups may take many forms: some are run as side hustles on shoestring budgets, while others may be backed by venture capitalists at multi-million dollar valuations even before a cent of revenue is generated.
While it is true that today’s entrepreneurs must be able to navigate this unique landscape, many of the crucial habits adopted by the world’s highly successful entrepreneurs are actually quite timeless and applicable to most situations – and anyone can take them up as long as they are committed to results.
What Habits do Highly Successful Entrepreneurs have?
Today’s infographic from MBAnoGMAT.com highlights the fruitful habits that many generations of business leaders have relied upon time and time again.
“Get the Most Out of Each Day”
Time is a precious resource – and people like Ben Franklin or Elon Musk have previously built their schedules to maximize the amount of productivity they get out of each day. Franklin had a 13-week self-improvement plan, in which he focused in on one specific “virtue” that he valued each week. Meanwhile, Musk schedules his days in five minute intervals to minimize wasted time.
“Look to Learn”
With zero barriers to information, you now have access to more words of wisdom than anyone throughout history. Warren Buffett, Bill Gates, and Oprah Winfrey understand this – and they make reading and acquiring new knowledge a central part of their self-enrichment strategy.
Buffett, who is known for his voracious reading habit, says reading is like compound interest:
Read 500 pages…every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.
“Stay Fresh With Exercise”
Richard Branson wakes up at 5 A.M. every morning to kite surf, swim, or play tennis. Why? He claims this gives him an extra four hours of productivity each day.
Go too long without an exercise routine, and you may find your ideas running on fumes.
“Possess a Strong Mindset”
According to many of the world’s highly successful entrepreneurs, the biggest barrier to success is psychological. About 80% of businesses crash and burn in their first 18 months, but many of the entrepreneurs on the other side of that statistic are the ones who simply refused to give up.
It takes time to build a reputation and a brand, and sometimes the fruits of these labors do not show up as fast as an entrepreneur would like. Self-starters who stay mentally strong will come out of this process, which always takes longer than expected, with a better shot at success.
Technology
Ranked: Semiconductor Companies by Industry Revenue Share
Nvidia is coming for Intel’s crown. Samsung is losing ground. AI is transforming the space. We break down revenue for semiconductor companies.
Semiconductor Companies by Industry Revenue Share
This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.
Did you know that some computer chips are now retailing for the price of a new BMW?
As computers invade nearly every sphere of life, so too have the chips that power them, raising the revenues of the businesses dedicated to designing them.
But how did various chipmakers measure against each other last year?
We rank the biggest semiconductor companies by their percentage share of the industry’s revenues in 2023, using data from Omdia research.
Which Chip Company Made the Most Money in 2023?
Market leader and industry-defining veteran Intel still holds the crown for the most revenue in the sector, crossing $50 billion in 2023, or 10% of the broader industry’s topline.
All is not well at Intel, however, with the company’s stock price down over 20% year-to-date after it revealed billion-dollar losses in its foundry business.
Rank | Company | 2023 Revenue | % of Industry Revenue |
---|---|---|---|
1 | Intel | $51B | 9.4% |
2 | NVIDIA | $49B | 9.0% |
3 | Samsung Electronics | $44B | 8.1% |
4 | Qualcomm | $31B | 5.7% |
5 | Broadcom | $28B | 5.2% |
6 | SK Hynix | $24B | 4.4% |
7 | AMD | $22B | 4.1% |
8 | Apple | $19B | 3.4% |
9 | Infineon Tech | $17B | 3.2% |
10 | STMicroelectronics | $17B | 3.2% |
11 | Texas Instruments | $17B | 3.1% |
12 | Micron Technology | $16B | 2.9% |
13 | MediaTek | $14B | 2.6% |
14 | NXP | $13B | 2.4% |
15 | Analog Devices | $12B | 2.2% |
16 | Renesas Electronics Corporation | $11B | 1.9% |
17 | Sony Semiconductor Solutions Corporation | $10B | 1.9% |
18 | Microchip Technology | $8B | 1.5% |
19 | Onsemi | $8B | 1.4% |
20 | KIOXIA Corporation | $7B | 1.3% |
N/A | Others | $126B | 23.2% |
N/A | Total | $545B | 100% |
Note: Figures are rounded. Totals and percentages may not sum to 100.
Meanwhile, Nvidia is very close to overtaking Intel, after declaring $49 billion of topline revenue for 2023. This is more than double its 2022 revenue ($21 billion), increasing its share of industry revenues to 9%.
Nvidia’s meteoric rise has gotten a huge thumbs-up from investors. It became a trillion dollar stock last year, and broke the single-day gain record for market capitalization this year.
Other chipmakers haven’t been as successful. Out of the top 20 semiconductor companies by revenue, 12 did not match their 2022 revenues, including big names like Intel, Samsung, and AMD.
The Many Different Types of Chipmakers
All of these companies may belong to the same industry, but they don’t focus on the same niche.
According to Investopedia, there are four major types of chips, depending on their functionality: microprocessors, memory chips, standard chips, and complex systems on a chip.
Nvidia’s core business was once GPUs for computers (graphics processing units), but in recent years this has drastically shifted towards microprocessors for analytics and AI.
These specialized chips seem to be where the majority of growth is occurring within the sector. For example, companies that are largely in the memory segment—Samsung, SK Hynix, and Micron Technology—saw peak revenues in the mid-2010s.
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