10 business tips from the richest people in the world

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

Forbes top ten billionaires recommend taking risks, thinking outside the box, and chasing dreams rather than money.

1. Avoid the "the right way" trap

Bezos planned to sell almost all the books on the Internet through Amazon. But none of the experts with whom the businessman consulted felt that this idea could be realized. Most of them advised focusing on popular genres and publications.

Every reasonable person we asked told us not to. We received good advice, we ignored it, and it was a mistake. But this mistake turned out to be one of the best things that happened to the company.

Jeff Bezos

It is thanks to the variety of positions that the Amazon site became popular with users already at the start, and information about it began to spread through word of mouth. It is likely that if the team had launched a more traditional project, it would not have gained such prominence.

Once you become an expert, you run the risk of being trapped in information dogma. You begin to know exactly "how it should", and you lose the opportunity to find out "how it could be."

Jeff Bezos

2. Surround yourself with people who pull you up

Bill Gates Founder of Microsoft. # 2 on the Forbes list. The fortune is $ 90 billion.

In 2017, the businessman gave some advice to school graduates and pointed out the importance of the environment.

It is natural for a person to move in the same direction in which people close to him move. If your friends are used to being content with little, it’s not surprising that your fervor also faded over time. Conversely, successful people around make you believe that you can do more.

Surround yourself with people who challenge you, teach you, and motivate you to be the best.

Bill Gates

The billionaire considers his wife to be such a person. Melinda Gates is an entrepreneur and philanthropist. She has been married to the founder of Microsoft since 1994.

3. Invest in yourself

Warren Buffett Investor. # 3 on the Forbes list. The fortune is 84 billion dollars.

The businessman proposes to consider his career as a business and himself as the main product. It makes no sense to produce a product that the consumer does not like. You won't sell yourself or get your dream job if you don't invest in your own growth.

The best investment you can make is an investment in your ability. Anything you do to develop your own skills or business is likely to be effective.

Warren Buffett

4. Remember that money is not a goal, but a consequence of success

Bernard Arnault President of the Louis Vuitton Moët Hennessy group of companies. No. 4 on the Forbes list. The fortune is 72 billion dollars.

Long-term planning is of great importance in finance. You can chase easy profits, get them, and as a result, the business will disintegrate. Arnault suggests thinking bigger and imagining what will happen to the brand in five or ten years, instead of estimating the revenue of the next six months.

In his opinion, the key to success is to create something timeless and constantly add something trending to it.

Money is just a consequence. I always tell my team, don't worry about profitability. If you do your job well, profits will come.

Bernard Arnault

5. Don't be afraid to take risks

Mark Zuckerberg Founder of Facebook. No. 5 on the Forbes list. State - 71 billion dollars.

In one of his interviews, the founder of the popular social network said that doubts prevent him from moving towards success. The path to popularity with Facebook took longer because of fears that Google will make a similar product, and the project may not take place.

The biggest risk is not taking risks. In a world that is changing very quickly, the only strategy that is guaranteed to fail is not to take risks.

Mark Zuckerberg

6. Don't believe in unconditional success

Amancio Ortega Founder of Zara and Inditex. No. 6 on the Forbes list. The state is 70 billion dollars.

Ortega's story is a vivid illustration of how to get out of poverty and become one of the richest people in the world. At the age of 13, he dropped out of school, as there was not enough money and he had to go to work. Starting as a messenger in a shirt shop, Ortega has managed to create the Inditex empire, which specializes in "fast fashion".

The brand's headquarters are located in the small town of A Coruña in Spain. At 82, Ortega goes to the office almost every day, communicates with employees and listens to their ideas. And the business is completely focused on the wishes of customers.

The worst thing you can do is become complacent. Success is never guaranteed. I never allow myself to be content with what I did, and I have always tried to instill it in everyone around me.

Amancio Ortega

7. Don't be afraid of competition, study your rivals

Carlos Slim Elu Investor. No. 7 on the Forbes list. Condition - 67, 1 billion dollars.

The businessman made his first million at the age of 17. This became possible due to the fact that he started investing at the age of 10 - not without the help of his father. Carlos Slim Al still follows his advice, which he himself admitted more than once.

In his opinion, "competition always makes you better, even if the competitor wins." He advises you to compete at the highest level to see how good you can be.

Think about an athlete. He may be very good in his home, but not as good as his neighbors. To understand this, you need to go outside the house.

Carlos Slim Hel

8. Appreciate mistakes

Charles Koch Co-owner of Koch Industries. Shares 8th place with his brother on the Forbes list. The state is 60 billion dollars.

According to Charles Koch, most innovation comes from trial and error. Moreover, the latter also make sense, even if it hurts the case. You simply won't try anything new if you avoid failures.

If you think you are experimenting and you never fail, you are not really experimenting.

Charles Koch

9. Remember that you cannot control everything

David Koch Co-owner of Koch Industries. Shares 8th place with his brother on the Forbes list. The state is 60 billion dollars.

In 1992, David Koch was diagnosed with cancer. Despite the treatment, the disease returned over and over again. For many years, the entrepreneur has sponsored research on the fight against cancer.

You know, when confronting cancer, everything else seems like a pretty easy battle.

David Koch

10. Do not confuse other people's expectations with yours

Larry Ellison Head of Oracle Corporation. No. 10 on the Forbes list. Condition - 58, 5 billion dollars.

The future billionaire intended to become a doctor. His family, teachers, girlfriend wanted Larry Ellison to get this profession, but he dropped out of pre-medical school. Later, when the man started programming, his wife left him, citing the fact that he had no ambitions. And the divorce was a turning point.

Once again, I failed to meet the expectations of others. But this time, I was not disappointed in myself for not being able to become who they thought I was. Their dreams and my dreams were different. I will never confuse them again.

Larry Ellison