Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Michael Dell
Investors and Entrepreneurs

How Michael Dell created the Dell Corporation

28.09.2024
2 min read

Michael Dell: the story of a talented businessman

Michael Dell is the founder of Dell, a company known for making laptops and monitors. The key to his success is the ability to adapt to new circumstances. Dell also believes in loving what you do and constantly improving your approach.
Michael was born in Houston, Texas, in 1965. His hobbies included entrepreneurship and electronics. As a teenager, he began earning money and investing in stocks. At the same time, his passion for technology never waned. At 15, Michael bought one of the first Apple computers, but not for regular use. He decided to take it apart to see how it worked.
In high school, Dell became seriously interested in the stock market. His natural talent for analysis helped him. After identifying a promising market niche, he grew his capital to US$18,000 in one year.Michael Dell history

Own business

After school, Michael went to university, where, in his first year, he started his own business. He sold disc drives that he extracted from non-functioning computers. Over time, this activity grew into a full-fledged business – in 1984, Dell registered a company. When the company began to generate revenues of US$80,000, the young man dropped out of university. The company developed rapidly:
1. Michael was the first to sell computers over the phone.
2. Technical support services appeared in 1986. The company provided it free of charge, which was unprecedented in the market.
3. To attract customers, the company offered a 10% discount.
4. Dell assembled computers from components of failed PCs.
5. The number of products matched the number of orders, allowing the company to profit at a low service price.
In 1988, the growing company transformed into Dell Computer. The company soon went public and raised US$30 million in funding. Dell was just 23 years old at the time.

Dell Computer Corporation

The funds raised allowed the company to scale up and expand internationally. Assembly plants appeared in Europe, Australia and Asian countries. At the same time, Michael kept up with the latest trends. He started trading online in 1996 when nobody believed in it. Without advertising, the company’s website could sell 30-50 PCs a day. By 2000, Dell had made a profit of US$18 million. This made it the most successful computer manufacturer in the world.
But Michael did not stop there. He set up an investment company that backed small innovative projects. By 40, Dell’s fortune stood at around US$20 billion. The businessman gave part of this to his charitable foundation.
In 2004, Michael stepped down as chairman of the company. In 2007, however, the company lost its position in the market, and he returned. Now, Dell has retired from the business. He is investing in real estate and trying new things.

Tags: Investors and Entrepreneurs
0
Previous Post History of the Hongqi luxury car brand from China Next Post World Bank: Indonesia's GDP to grow steadily in the coming years

You Might Also Like

Helena Morrissey
Investors and Entrepreneurs
Helena Morrissey: outstanding female financier
25.08.2022
Fatema Akbari
Investors and Entrepreneurs
Fatema Akbari: biography of the Afghanistan businesswoman
24.04.2025
Lillian Vernon
Investors and Entrepreneurs
How Lillian Vernon managed to create an empire by relying on her intuition
14.08.2021
Heather Reisman
Investors and Entrepreneurs
Heather Reisman: Biography of the founder of the Indigo Books and Music retail chain
12.07.2023
Peter Thiel
Investors and Entrepreneurs
Peter Thiel: the secret of investor and philanthropist success
09.08.2020
Gina Rinehart
Investors and Entrepreneurs
Gina Rinehart: Australia’s richest and most powerful woman
31.12.2023

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics