Create Successful Business Online By Learning From the Billionaires
One of the best ways many entrepreneurs used to create a successful business online is simply by learning from the habits of the billionaires.
The biggest differences between the millionaires and billionaires have a lot to do with their attitude towards money and life irregardless of each individual’s background.
To understand and study these changes, we looked into some of the reasons that drive the millionaires into billionaires.
Adopt Mindset Shift
According to CNBC in Mar 2018, there were more than 2200 billionaires on the planet, most of them achieved their fortune from entrepreneurship.
Many of the millionaires avoid spending unwanted expenses so as to increase their wealth. One very prominent example of thrifty billionaire is Warren Buffet. Till today, he still lives in the same house he bought in 1958 in Omaha for $30000.
Besides the habits on the way how the rich spend their money, rich people also adopt a mindset to solve problems.
Steve Siebold who is a self made millionaire has interviewed over 1,200 of the world’s wealthiest people . He found out that rich people are actions takers who show the ability to show problems.
One good way to have successful online business is by adopting the mindset shift just like the billionaires.
The rich are no difference from the normal people. They simply see a problem and solve them. It is not because they are smarter than the average person. In approaching problem solving, the rich are usually more systematic in terms of their approach.
Billionaire Mindset and Quotes
Some of his famous quote of business are as follows:
“If you don’t understand the details of your business you are going to fail.”
“A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.”
“The thing that motivates me is a very common form of motivation. And that is, with other folks counting on me, it’s so easy to be motivated.”
Bill Gates is an American business magnate, investor, author, philanthropist, and humanitarian. He is the founder of Microsoft Corporation. Bill Gates is one of the best-known entrepreneurs of the personal computer revolution.
Some of his most famous business quotes are :
“Success is a lousy teacher. It seduces smart people into thinking they can’t lose.”
“Exposure from a young age to the realities of the world is a super-big thing.”
“Everyone needs a coach. It doesn’t matter whether you’re a basketball player, a tennis player, a gymnast or a bridge player.”
Warren Buffett is an American business magnate, investor, speaker and philanthropist who serves as the chairman and CEO of Berkshire Hathaway.
He is one of the most successful investors with a networth of more than more than 80 billion in 2019, making him the third wealthiest person in the world.
Some of Warren Buffet’s famous quotes are:
“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”
“Price is what you pay. Value is what you get.”
“Never invest in a business you cannot understand.”
“It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”
Bernard Arnault is French business magnate, investor, and art collector. He is also the Chief Executive of Louis Vuitton SE, the world’s largest luxury-goods company.
His famous quotes are:
“Money is just a consequence. I always say to my team, ‘Don’t worry too much about profitability. If you do your job well, the profitability will come.”
“I deal with creativity all the time. What I have fun with is trying to transform creativity into business reality all over the world. To do this, you have to be connected to innovators and designers but also make their ideas livable and concrete.”
“I take time to get close to, and I don’t immediately throw my arms round someone. ”
Carlos Slim is a Mexican business magnate, engineer, investor and philanthropist. He is ranked as the richest person in the world by the Forbes business magazine.He derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso
Here are some of his famous quotes.
“Competition makes you better, always, always makes you better, even if the competitor wins.”
“Live the present intensely and fully, do not let the past be a burden, and let the future be an incentive. Each person forges his or her own destiny.”
“When we face our problems, they disappear. So learn from failure and let success be the silent incentive.”
How Billionaires Are Made
The difference between millionaires and billionaires has a lot to do with a person’s mindset . If you want to be create your successful internet business, you need to have the idea or service that stood out from the rest.
The more value you act to improve the life’s of the others, the greater your product.
Some of the industry will have huge impact on people’s lives. Let’s take healthcare for instance. It is an industry that can impact billion of people’s lives.
Focusing on the right industry is one of the ways billionaires are produced . According to Forbes in 2019, 71 billionaires are under age of 40. 30 of them created their fortune in the tech industry , 7 in fashion & retail and 7 in real estate.”
While every billionaire’s journey to success business online is different , there are similar traits that all of them shared. They do not focus on money but rather creating solutions that impact people’s life.
On top of that, they are problem solvers that take massive actions in their life.
Creating a successful online business is not an overnight event, however we have the choice to make the necessary changes to make our business stand out from the rest.