Sunday, January 18, 2009

Tips from Self-made Billionaire

Tips from Self-made Billionaire to those who would want to be an Entrepreneur.

  1. Don't be afraid to take calculated risks. As long as you have purity of purpose, you can't go wrong.
  2. Always be focused, stick to your core business, and plow back the earnings to the business.
  3. Be a hands-on entrepreneur, owner or manager.
  4. Help others without expecting something in return. The good you do will come back to you several times over without you even knowing it.
  5. When you decide to go into business, choose a sunrise industry.
  6. Never engage in speculative ventures. If you need property for the business, buy land on installment and build the structure as needed.
  7. Be prudent in using company funds. Practice sound cash flow management.
  8. Never give up when faced with problems. Always keep a positive attitude.

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I have often been accused of being a PLAYER. Amidst my adamant denial, I have allowed this reputation to pervade. There is some truth to this, but only because I have become adept at the games people play. I'm pretty competitive, but in all honesty I really don't like winning.

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