Inspiration from Charles R. Schwab
Estimated Lesson Time: 2 minutes
Charles R. Schwab (1937–) is the founder, chairman of the board, and co-CEO of The Charles Schwab Corporation, which is one of the nation’s largest financial services firms.
Success is overcoming difficult odds. Despite his dyslexia, Schwab remained confident as a youth, never allowing his condition to get him down or stop him from succeeding at other tasks.
Success is having enthusiasm and arousing it in others. “I consider my ability to arouse enthusiasm among men the greatest asset I possess. The way to develop the best that is in a man is by appreciation and encouragement.” • “A man can succeed at almost anything for which he has unlimited enthusiasm.”
Success is accepting help from others when needed. Thanks to high grades in math and science, Schwab entered Stanford University in 1955. As a freshman, he failed both French and English, but made it through his undergraduate years with the aid of understanding roommates and prepared notes.
Success is discovering your aptitude and focusing on your strengths. Schwab discovered his aptitude for economics and other business courses, which led to his earning a BA in Economics, in 1959. He went on to Stanford Graduate School of Business, where he received his MBA in 1961.
Success is striving to be your best. “Everyone’s got it in him, if he’ll only make up his mind and stick at it. None of us is born with a stop-valve on his powers or with a set limit to his capacities, There’s no limit possible to the expansion of each one of us.”
Success is not being afraid to take risks. In the early 70s, Schwab borrowed $100,000 from an uncle to start up a brokerage firm in San Francisco, called First Commander Corp.
Success is having vision and seeing it through. In 1974, Schwab’s company became the country’s first discount brokerage firm: Charles Schwab & Co., Inc. Schwab’s vision that the stock market should be accessible to everyone proved immensely popular and profitable.
Success is overcoming rejections. “I quickly learned that if I kept at it and plowed right through the rejections I would eventually get somebody to buy my wares.”
Success is helping others. Mr. Schwab is also chairman of the Charles and Helen Schwab Foundation, whose work is structured within two program areas, which each has a specific focus. The Learning Differences program area directly provides resources and guidance to children with learning differences and their parents through the operating program, Schwab Learning. The Human Services program area develops initiatives in issues that severely affect communities, specifically poverty, homelessness and substance abuse.
*Text taken from http://www.schwabfoundation.org
[Sources: http://jobs.schwab.com, http://www.schwabfoundation.org, http://www.aboutschwab.com]
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Some discussion questions (some may not apply to this lesson):
- Have you implemented this idea in your life? How has it been working for you?
- Do you have any interesting stories related to this lesson? Do tell!
- What do you admire most about this person? (success biography days)