If you don’t they will resent you and blame any future failure on you. Let them experiment and come to their conclusion themselves. -How to get rich, p.144 Continue reading Permit young managers to make their own mistakes.
-Roman Seneca, How to get rich, p.140 Continue reading Luck is what happens when preparation meets opportunity
Even then, set limits in the agreement so that, as the loan figure is reducedo ver time, you are released from your undertakings commensurately. -How to get rich, p.139 Continue reading Never personally underwrite business loans for your company unless you absolutely, positively, are forced to.
In a way, it’s kinder, as well. While the temptation is to say, “I’ll confer with my colleagues and get back to you,” this will eventually come back to haunt you and waste more of your most valuable resource. Time. -How to get rich, p.130 Continue reading It’s usually better to leave no doubt in your visitor’s mind if you’re not interested in their project or idea.
-How to get rich, p.129 Continue reading When you stop listening, you stop learning
Ex: If you have a successful monthly magazine, for instance, and then launch a weekly in the same category, you will inevitably weaken sales of your original title. So should you launch the weekly? YES! A thousand times yes! Why? Because if you don’t launch the weekly, your rivals will do it for you. You will be left with a damaged monthly and no weekly. -How to get rich, p.124 Continue reading Strangling your own baby, in order to grow, is far more common than you might think.
No matter how good your idea, how fierce your resolve and how lucky you are in the early days, you must prepare for the eventuality. It will come. It always comes. -How to get rich, p.123 Continue reading Eggs being what they are and the world being what it is, they will sometimes break.
Do not be slave to them, but when your instincts are screaming, Go! Go! Go! then it’s time for you to decide whether you really want to be rich or not. You can’t get rich by painting numbers. You can only do it by becoming a predator, by waiting patiently, by remaining alert and constantly sniffing the airand by bringing massive, murderous force to bear upon your prey when you pounce. -How to get rich, p.122 Continue reading Trust your instincts
Easy, that is, compared with giving birth, or raising children, or pressing on a parent’s doorbell at midnight to tell them their child has died in an accident. If people can do this, you can certainly become rich. But remember this rule once you are rich and powerful, many people have accomplished far greater and harder things than you. Stay humble, stay polite. -How to get rich, p.118 Continue reading This business of piling up wealth is an easy business.
Roadmap to Billions 