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Sunday, 17 April 2016

Self-Made Female Billionaire Zhou Quinfei's Story Will Inspire You

Zhou Quinfei is a 46 year old female Chinese entrepreneur and founder of touch screen maker, Lens Technology. Today the company has 32 factories in 7 different locations and employs more than 90,000 staff. Their glass is used in over 50% of all smartphones in the world, and in all Apple iWatches.

Last year, Quinfei listed her company on the stock market, making her the wealthiest self-made female billionaire in the world. Today she is worth $6.4 billion. Dr Ben Carson who shared this piece says, use Qunfei’s story as an inspiration for your own journey.  Here’s her 3 big steps to success as posted by Dr Carson:

STEP ONE: BE RELENTLESS
Qunfei was born to a poor family in a tiny village in China. Her father was blinded in a factory accident, and her mum died when she was five. Determined to be successful, she quit school at 16 and went to live with her uncle saying "I don't want to die regretting what I didn't do.”

She got a factory job making watch faces for $1 a day, and sent the money back to her father.
Bored with the job, after 3 months she quit, but was given a promotion instead. Guessing why, she said “Maybe it was because my resignation letter was well written and this attracted the attention of the factory supervisor”.

She kept being promoted up to management but then in 1993, at 22 years old, her factory shut down. So she decided to take her knowledge, connections and $3,000 in savings and begin her own watch face factory, which she started next door to her old factory. The early days weren't easy: ”Twice I even had to sell my house in order to pay my employees salary. Much like climbing a mountain, it's not your physical strength that will get you to the top, but your tenacity and persistence."




Then, in 1997 the Asian financial crisis hit. This is when her persistence really paid off. She went to the watchmakers who owed her money and settled their debts in exchange for their equipment. So while other factories closed down, she gradually assembled an entire production suite for glass processing for next to nothing.

STEP TWO: BE OPEN TO CHANGE
Six years later, in 2003, she got a call from Motorola, who wanted a glass screen for their new Razr V3 mobile phone: “I got this call, and they said, ‘Just answer yes or no, and if the answer’s yes, we’ll help you set up the process. I said ‘yes’.” Her success with Motorola led to HTC, Nokia and Samsung also calling. Then, in 2007, Apple launched the iPhone, and picked Qunfei’s company as the supplier.

Ten years later, Lens Technology has 32 factories in 7 different locations and employs more than 90,000 staff. Their glass is used in over 50% of all smartphones in the world, and in all Apple iWatches. A year ago, Quinfei listed her company on the stock market, making her the wealthiest self-made female billionaire in the world. Today she is worth $6.4 billion.

STEP THREE: KNOW YOU’RE UNIQUELY QUALIFIED TO BE YOUQunfei says when she was a child she would watch the rain falling on lotus leaves. That’s what later inspired her to create Lens Technology's patented, scratch-resistant coating on smartphones.

'Droplets of water would roll around the surface of a lotus leaf and not leave any trace,' she said.
'If it wasn't for my primary school teacher reminding me to be observant I may not have had the inspiration to think of my invention.'

Ms. Zhou also credits her detailed-oriented approach to her childhood. “My father had lost his eyesight, so if we placed something somewhere, it had to be in the right spot, exactly, or something could go wrong,” she said. “That’s the attention to detail I demand at the workplace.”

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