Monday, 12 December 2016

4)Tadashi Yanai 
Tadashi Yanai is the most successful entrepreneur in japan. He is the founder and president of Fast Retailing, of which Uniqlo is a subsidiary. In 2014 he becoming the richest Japanese businessman and with net worth of $17.6 billion. One of his most important principle reads’ thoroughly analyses information relating to successes and failures. Remember what you learn and put it into practice the next time around.
Failure is an option 
Failure is an option, but fear not. Nobody wants to fail, but failure to do so cannot be avoided on your way to success. Fail will show that you actually do something instead of just sitting in your comfort zone. For every entrepreneur which it must be failure so many times, but now I would like to introduce the one of my idol who it is the Tadashi Yanai.
As we know, this famous Japanese entrepreneurs has actually failed in his own business and met so many challenging  the early stage failure he met can trace to 1995, at this time the uniqulo already slated launch initial public offering in Hiroshima stock exchange. The direct-sale shop was more than 100 quantities. The business environment reflection was very good. But as sooner he found the foundry of china could not producing the good quality. Due to improving the clothing quality , Tadashi Yanai daring collect in advertisement with slogan which want to reward to you 1milllion yen to complain the uniqlo clothing . As soon after, he was received more than 10 thousands letter for complain. Then he pick up one of the consumer who complain the quality of his company. he reward to this customer 1 million yen .the Yanai feel very sadly which his clothing receive so many complain. It makes he realized that even though the company can got the good profit but it was not can improve his clothing quality is good one. Lately when he memory of this things, he write down don’t afraid being failure , need continuous doing research , need improving .because when you experience so many times series which it will breed the next time successes . Another example can trace to 2002, at this time yanai want to foray into international. In this year, the uniqolo open in the Knightsbridge area of London. Only few month later which result almost 20 stores closing. In same time, the foray into china still did not make any profit. But he remain undeterred. He learnt the valuable experience from failure. Hesaid, ‘fails fast, fail often, the only solution is to keep changing yourself and keep challenging yourself. So that why the uniqlo can get revenue $15.5 billion. So as we need should not afraid of failure. Better we treat every failure experience regard as the premise of success. 

2 comments:

  1. Yanai is renowned as an inspirational , but is as humble as he is aminitous. He told monocle magazine , I might look successful but I have made many mistakes . People failures too seriously . You have to be positive and believe you until find success next time

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  2. Most business deal with failure in one of two extreme ways , the first made popular by many a tech company

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