Top 5 tycoons' tips on how to achieve success

If someone tries to convince you that they have the secret of successYou mustn't believe him, it's surely a sham. In any case advice can really help. The best way to distinguish whether or not advice is effective is to look at who it comes from.

If you receive tips on success and fortune from influential peoples and that they have indeed managed to succeeding in businessyou can make sure that you are not, in principle, falling for any scam.. Underestimating discipline, prudence and perseverance would be a serious mistake; they are the key elements that will serve for whatever you undertake. However, it is necessary to know that this alone is not enough. developing skills and qualities that are not learned in any school. It is the empathy, cheerful humour, and knowing how to choose good company.and to know how to choose them. Nothing can be discounted when it comes to achieving our goals. 

Based on speeches and advice from the most famous tycoonsHere we present the teachings of those who are in the top 5 of the renowned magazine. Forbes: It is about Jeff Bezos, Bill Gates, Bernard Arnault, Warren Buffet y Amancio Ortega. They are self-made entrepreneurs - who better to take their example from?

Jeff Bezosfortune and customers

It has fortune estimated at 117 billion dollarsand with an agenda that leaves almost no room for anything. Amazon CEO In any case, he gives talks in which he unveils some of the fundamentals of his unparalleled success that can be of great use to us. Let's take one of the lectures he gave in Las Vegas last year, at a famous conference called "Re:invent". At this congress he took the time to explain that not only passionate and insistent work is not enough. These elements are more than necessary, but the insists that a large part of his achievements must be traced back to a focus on the full satisfaction of his customers.

Here empathic work is elementaryto get out of oneself and to place oneself in the situation of the other. This appears to be a major key to success, as long as the skill is conducted correctly. It is not only about putting oneself in the shoes of the clients, but also about to identify their needs.

To this end, it is necessary to getting rid of fear, tells us that "the biggest barrier is yourself, of course you will fail more than once and that's OK".. This is undoubtedly an invitation to take risks and learn to bear the frustration that failure can generate. Failure is never complete, because you always learn something if you are alert. That is why it is so important to dare to change, "will be an experiment, an experience that will be another step on your way to success".he says.

The success of Bill Gatesinvestment and hobbies

He is, of course, the creator of Microsoft. He is a great philanthropist and has accumulated no less than 94.7 billion, He is certainly not afraid of defeats either. He stresses that "It is important to celebrate success, but it is even more important to pay attention to the lessons of failure". It tells us that one of his tactics is to know the stock market inside out and invest in it.. More than half of his fortune is invested in various funds.

The great tycoon has insisted many times on the importance of surround yourself with "valuable" people"to learn from them and they inevitably inspire you. As he says, "when you have smart people working with you, you want to keep them stimulated". In addition, he says that while focusing on success is of course important, he also insists on paying attention to our hobbies to disconnect, "reset" the brain and thus return to work much stronger and rested..

Bernard Arnaultmillions, millions, patience and luxury.

Knead a wealth of more than 86 billion who, like his fellow entrepreneurs, began to accumulate by working from the bottom up. We are talking about the owner of the LVMH, offering luxury goods. As a young university student, he started helping his father in the family business; he himself convinced his family to start investing in much more powerful and visionary businesses. It was in this way that he started his great empire. For the French tycoon perseverance and appearance are nuclear elements: "I think in business you have to learn to be patient. Maybe I'm not very patient with myself. But I think what I've learned the most is to be able to wait for something, and get it at the right time".

He insists that both the technical and creative dimensions are extremely important, but it is also important to investing in quality, even though this makes the products more expensive. "What made Louis Vuitton famous was quality. We don't do marketing; we just create products that are exceptional in their design and craftsmanship. I firmly believe that success lies in the combination of talent and business savvy, and that the magic comes from the partnership between the two"..

Warren Buffettmakes a fortune while he sleeps

From the world's largest investors, the US businessman has deployed his business strategy which has worked wonders for him, given that he has a combined total of some 63 billion. He is a great expert on the stock market and advises not to have only one source of income. He convinces us making investment a second support. "If you don't find a way to earn money while you sleep, you will work until you die".. He also insists on always having a plan B in business, taking into account all possible scenarios to succeed in any situation, for him. "predicting rain doesn't count, building arks does"..

However, we will highlight one of his most important and thought-provoking phrases: "Never ask a hairdresser if you need a haircut". Said in a different way it is extremely important to take into account the intentions of all people with which you work and with which you surround yourself. Only in this way will you be able to predict their behaviour and get it right.

Amancio Ortegathe success of working since the age of fourteen

The humble origins of the founder of the Zara clothing company are impressive. Amancio started working at the age of 14 as a shirt delivery boy in a shop in "La Coruña". Later, he started working as a salesman in a clothing company, and then took the first step in founding what is today the Zara clothing company. Inditex Group. This is the fifth richest man in the world, with more than 58 billion. Nevertheless, it can be seen that he remains a humble person who enjoys life's little pleasures. Humility is considered by many to be the key to success, an element that is repeated in a number of tycoons.

Of course we must look at the strategy that has made Zara what it is. One of the most important keys lay in shortening production and distribution processes with respect to the rest of the firms. This means that the Galician businessman undoubtedly knows that he can listening and imagination in order to meet new demands. He insists that we should not focus on only in wealthIf I have made so much money, it is because my aim has never been to make money.

Source:

abc