Who are they? What are they doing?
, and Leaders
with big networks
, and they leverage in other persons action, knowledge and money. They serve million of people with theirs services
, and they give pleasure, and solve some of the worlds biggest problems. In short, every
minute, hour, and day they play to win in their field. The more you win, the more money you earn, the more you can give, the more happy you become.
"If you can count your money, you don't have a billion dollars." - Stock Expert
To be a billionaire, first you have to believe it's possible, second you have to think big. All achievements, all earned riches have their beginning in an idea. You need only one great idea:
"Create or invest in a unique patented product/service that every people on earth will like to use every day. "
It's about finding a very big problem, and solve it, or find a more efficient way to solve the problem, or the Stive Jobs way, make a new fantastic product/service that people have not seen before. So it's two ways to go, solve a well known big problem, or to make something new that is a game changer, a totally new way of doing things that are faster, cheaper and better.
The fundament is alway a great idea, so you should find out where great ideas come from
You will find some examples among Larry Page - Google, Bill Gates - Microsoft, Steve Jobs - Apple, Michael Dell - Dell, Larry Ellison - Oracle and Mark Zuckerberg - Facebook.
The fastest way to become a billionaire is to start a company beloved by the capital markets and flip your creation before the markets change their mind. The most common liquidity exit used to be IPOs, but now the best way is to sell your creation to another company with a high market cap and loaded with cash. Cisco, Oracle and Google have given many an entrepreneur nine-figure wealth. Outside of Wall Street the best way is to start a company that rides the Moore's Law curve and scales globally.
Anyone who has built a company from the ground up understands that the initial high growth rate levels off all too quickly. At that point the entrepreneur
has a choice between:
1) fighting the Law of Diminishing Returns to extract every last inch of growth from the existing company, or
2) adding growth through acquisitions of competitors and related companies to his strategy.
In the vast majority of cases, the first route provides far slower growth than the second. Moreover, most people go with the former simply because they don't have the skill set and confidence to employ an acquisitions strategy.
A study of how billionaires become billionaires shows that they employ the second route because it offers the possibility of 50% per annum growth rates, or better, over a prolonged period of time. If you decide to use a acquisitions strategy you should make a systems and adopting best practices for:
- finding deals
- determining if they are do-able
- negotiating the deal
- financing the purchase,
- increasing the acquisition's value,
- managing them remotely, and finally
- selling them at the best price.