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Showing posts from September 6, 2009

Five Ways to Become Rich

If you are really serious about becoming wealthy, there are five primary ways that fortunes are made. Become an Entrepreneur The number one road to riches, at the head of the list and on the top of the hit parade throughout U.S. history or nay part in the world (except in some countries its worth being a minister), is entrepreneurship, starting and building a successful business. Entrepreneurship includes every kind of business, from farming and trucking to real estate and computers. Seventy-four percent of self made millionaires in the United States, going back 200 years, come from self-owned businesses. An individual starts with an idea for a product or service, turns it into a business, builds it up from the ground floor, and as a result becomes wealthy. Work Your Way Up Another way to become rich is as a highly paid executive of a successful company, or as an employee of a company that awards stock options that become valuable. Ten percent of self-made millionaires in the United St...

Prepare for Your Journey

Preparation is the mark of a professional. Preparation is also the mark of a successful person in any field. As you move upward in any occupation, you will find that the top people spend far more time in preparation than the average person does. The top 10 percent in any field are always more thoroughly prepared in every detail than those who struggle for a living in the same occupation. Guard Against the Worst For me, as a professional speaker and seminar leader, the worst thing that could happen would be for my luggage to be lost and for me to arrive without the clothes and seminar materials that I need for my speaking engagement. To guard against this situation, I carry all my essentials on board with me, never out of my sight. Because of this habit of advance planning, I have never had an insurmountable problem because of baggage delays or losses. On the way to your destination, in the achievement of your most important goal, continually ask yourself, What are the worst possible t...

Appoint and Support Effective Executives

Leadership makes the critical difference in every organization. Dozens of chief executive officers are fired from top companies every year. In every case, the ultimate reason given for the firing was “failure to perform.” And the major reason these senior executives have failed to perform is because they appointed weak managers and executives under them and then they did not have the courage to replace them when they did a poor job and failed to get the results expected of them. There is nothing that brings about a more rapid change in the fortunes of business than to change the key people in charge of getting results. Staff Well at All Levels The best companies have the best people. The second-best companies have the second-best people. The third-best companies are on their way out of business. Your ability to select good people and then to manage them well is the critical determinant of the success of your business. People are everything. 95 percent of your success will be determine...