Chris Gardner knows what it takes to be successful in business. Once homeless, he's the founder and CEO of Gardner Rich, a private stock-brokerage firm, and author of the autobiography-turned-movie The Pursuit of Happyness. Sometimes big risks are worth taking. I started my business out of my house with $10,000. It was a bold move, and some thought I was crazy. I didn’t have a lot of money, nor did I have a college degree, so I had to figure out how to get people to do business with me. It took some time, but eventually I saw my company growing. I started hiring more people and doing more business. That’s one risk that had a great payoff. Don’t doubt yourself. If you want to be world-class at something—anything—there are two things you need: an all-or-nothing mentality and a passion for what you’re doing. There should be no plan B. Back-up plans are what you put in place when there’s doubt in your mind that you can’t achieve what you’re setting out to do. Passionate people make the best employees. Some of the biggest mistakes I’ve made were in hiring. I’ve learned that the most successful hires are those who have a genuine love for what they do—that’s something you can’t teach them. The worst people you can hire? Family members. Don’t ever do it. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe Mentoring can be a powerful influence for everyone involved. When I was on Oprah to promote the movie, she spent the first 30 minutes of the show interviewing Will Smith and his son, and the last 30 minutes with me. When I was introduced, I kept telling myself to be cool because I knew Oprah would try to make me cry. And I was cool for a whole 27 minutes! And then she said, “OK Chris, now we have someone who wants to thank you.” Then they brought out my very first intern, and I lost it. Mentoring is one of the most enjoyable and fulfilling things that I do. I’ve had some young people who’ve worked for me go on to do some very special things in their career. I have a love/hate relationship with technology. I’m the guy who calls the IT department in a panic and says, “What the f*** is wrong with this thing?!” My business is fast-paced, and I need things to work. When people ask if there’s a piece of technology I can’t wait to get my hands on, I tell them I’m saving up for something big. A “Citation X”—a jet that will get me from coast to coast in four hours. Now that’s my kind of technology. Related content brandpost Fireside Chat between Tata Communications and Tata Realty: 5 ways how Technology bridges the CX perception gap By Tata Communications Sep 24, 2023 9 mins Emerging Technology feature Mastercard preps for the post-quantum cybersecurity threat A cryptographically relevant quantum computer will put everyday online transactions at risk. Mastercard is preparing for such an eventuality — today. By Poornima Apte Sep 22, 2023 6 mins CIO 100 Quantum Computing Data and Information Security feature 9 famous analytics and AI disasters Insights from data and machine learning algorithms can be invaluable, but mistakes can cost you reputation, revenue, or even lives. These high-profile analytics and AI blunders illustrate what can go wrong. By Thor Olavsrud Sep 22, 2023 13 mins Technology Industry Generative AI Machine Learning feature Top 15 data management platforms available today Data management platforms (DMPs) help organizations collect and manage data from a wide array of sources — and are becoming increasingly important for customer-centric sales and marketing campaigns. By Peter Wayner Sep 22, 2023 10 mins Marketing Software Data Management Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe