1. You don’t need a
big bundle of cash to become a self-made Billionaire
2. Cover the basics
first – you need to cover the basics of living expense first before you can
build anything bigger
3. Recognize your
strengths and weakness
4. Find your buyer
first & then the rest will fall in place
5. People miss a
lot of opportunity when they panic and quit too early
6. Got to look
confident and calm on the outside– you can’t let people know you are desperate
even if you are
7. The importance
of knowing the right people
8. Buy low and sell
high
9. A relationship
is what sale is all about- convince the buyer they need what you are selling
10. Tap into the
head mentality – speak in front of a group and sell them. If you can get one to
two people to buy from you, the odds are the whole herd will follow
11.
Identify a need
and fill it. This is the trick to start a successful business is to fulfill an
important need in the market place
12.
For business
idea – look for business industry that are growing
13.
The importance
of human capital – surround yourself with people smarter than you
14.
List your
selling price higher that what you eventually want, as the buyer will always
try to negotiate a lower price.
15.
Know the true
retail value of anything before selling it in the market
16.
Be ready to
Pivot. A good business person is always prepare to handle the quick turn and
failure that comes with running & starting a business
17.
Surround yourself
with experts in their area
18.
Do you due
diligence
19.
Turn rivals as
revenue. Strike deals that are mutually beneficial
20.
Less if more-
cut out any information that is irrelevant, stick to the essential
21.
“No” is just the
start of the conversation. All successful business had been told the word no
more than the word yes.
22.
Sometime in
business you had to lose the battle to win the war
23.
If things go
wrong, don’t go with them. The ability to remain cool under pressure is what
set apart the professions
24.
When conflict
arise, combat is optional
25.
Endure more pain
than anyone else, push through the tough time, as success come to those who
push through the pain
