Values n' Life

Sunday, March 12, 2006

Success Story-Dell

Michael S. Dell, who founded the Dell Computer Corporation in 1984 with nothing more than $1,000 and an idea, serves as Chairman (he was also chief executive officer until 2004) of the fastest-growing major computer systems business in the world. Michael has always had the desire to learn and the drive to work hard, right from when he was in high-school:He traded stamps by advertising in stamp mags and with the $200 profit he made, he bought his first computer. Then he sold subscription for the Houston post ($18,000 profit on a BMW), on and on he went until he felt that he had to compete with IBM, by adding features and improved performance of computers.
Dell risked his savings and incorporated Dell Computer Corp. on May 3, 1984 at 19 years.
The company is now worth billions because Dell decided to bypass the middleman, who adds little value to the products, and sell custom-built PCs directly to end users.
In only 15 years, the company's sales have skyrocketed from $6 million to a whopping $35 billion in 2002. Since its first international addition opened in the United Kingdom in 1987, Dell has opened sales offices in over 34 countries, and boasts over 33 thousand employees in over 170 countries and territories all over the world.
Another of Dell's worldwide innovations is his leadership on the Web. Dell is recognized as the largest online commercial seller of computer systems, with an average of over $30 million per day in online sales. The company also redefined the role of the Web in delivering faster and more efficient service to customers.
The company's business clientele includes most of the companies in the Fortune 500 list of the top performing American companies. With the addition of Dell Computer Corporation to this list in 1992, Dell became the youngest CEO of a company ever to earn a ranking on the Fortune 500 .
The value of Dell's stock has risen almost 70,000% over the past decade and in 1999, The Wall Street Journal named Dell Computers No. 1 in total returns to investors over the past three, five and ten years.
Back when he had a one room firm he told his friends his dream of becoming the largest personal-computer maker. His story is that of a man who had a dream and worked hard to achieve that dream and this should help someone out there to try and realise your dream, what you truly love to achieve.

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