If you want to become a tycoon, you must think like one. The principles covered here on how to think like a tycoon apply to all forms of managing your money.
To be great at what you do, you must believe what you do is fun.
How To Think Like A Tycoon
A tycoon (or entrepreneur) is involved in something creative and beautiful and he or she must invariably bring forth upon the world a product or service that people want.
It is normally something that people will willingly part with their earnings for.
Tycoons enjoy doing what they can be great at, providing an abundance of goods and services that people want and can afford.
Every tycoon has an invisible directive flashing like a neon sign in his brain…..
A tycoon finds a need and fills it.
A tycoon doesn’t count his money every day to measure his success.
Dollars are just evidence of votes from the previous day.
Votes of confidence in the particular goods or services the tycoon is providing. A tycoon gets his confidence from within himself or herself, not through these monetary votes.
Any businessman who wants to keep on being successful, however, must continue to deliver needed goods and services or the people will vote their money for a new tycoon.
if you think you are not clever enough, relax.
Most tycoons have average IQ’s. The straight-A students are too busy getting PhDs and looking for teaching jobs to make it in business.
You can begin with little or no money and become a multi-millionaire. As for having no business sense, whatever acumen you lacked before today, you’ll have by tomorrow.
Learn from the best people’s mistakes….
All people should learn from their own mistakes, but you can benefit more cheaply from other people’s mistakes.
It helps to look at what some successful tycoons who failed have in common.
Businessmen who have made it big once and then went downhill have frequently over expanded. They got careless and didn’t attend to emergencies or details.
They didn’t have time anymore.
In contrast, a successful tycoon leaves nothing to chance.
He makes time to watch over his investments or hires competent help to do it for him.
It’s much easier to be extremely successful on a small scale when you’re starting out in familiar territory than it is when you have the riches of a Bill Gates.
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