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Want to know if you’ve got what it takes to be a billionaire? Take a look at these 3 lessons and see how you stack up:
Billionaires are extremely good at juggling multiple ideas, all the time.
These are people with a clear vision, innovative ideas and the skills to bring the resources together, that’ll make them a reality. That makes them different from performers who are highly specialized, and usually very good at executing a particular skill, for example handling a businesses finances.
Billionaires being multitaskers allows them to embrace some of the dichotomies which make them unique.
The fine line between too risky and not promising enough is hard to strike, but billionaires obviously excel at it. What allows them to only take the exact risks they need to take, and not more?
It’s not that billionaires take more risks than the average entrepreneur – they roughly take the same amount of them. What helps them take better risks is their relative view of it.
Michael Bloomberg worked as an investment banker and got fired shortly after getting a promotion because his bank was acquired.
Instead of taking another investment bank job, he used his $10 million severance package to then start his own company, providing market research data to big companies, which ballooned to over 15,000 people over the years.
Being producers, billionaires must, however, partner with performers, in order to succeed.
Imagine Steve Jobs without Steve Wozniak. You’d have an incredibly creative and visionary human being, with charming people skills, who couldn’t build a single computer.
Likewise, Steve Wozniak’s incredible manufacturing and electrical engineering skills would have amounted to nothing more than a few fun gadgets and some pocket money, had he not teamed up with Steve to bring the Apple I to the world.
A producer usually has a the big picture in really great control, but thus can’t fully concentrate on the single aspects that can sometimes make or break a business, such as product manufacturing, accounting, marketing or HR – that’s why producers have to partner with the right performers at the right time in order to actually build the billion dollar business they have inside of them.
The authors researched self-made billionaires to find out what made them stand out from regular employees, entrepreneurs and even millionaires. This book puts self-made billionaires in one of two very distinctive categories of people, and observes the 5 habits, or rather dualities, that allow them to create value on such a massive scale.
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