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Lessons learned from Last 300 yrs Firms.
The Marwaris
by Thomas A Timberg
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Trust is the heart of the market when you cut the timely financial transactions, you cut the arteries, ending the business circulation.
If no one turned around when we entered, answered when we spoke, or minded what we did, but if every person we met 'cut us dead' and acted as if we were non-existent things, a kind of rage and impotent despair would ere long well up in us.
If in a place very few number of people have been given the potential rights, "don't limit yourself", just simply acquire the people within the rights itself.
Don't let the family mosquito enter the body (Family Business) and drip away the blood (Money and Respect), later or sooner your body will catch a disease.
It is easy to get rid of an outside manager, but how do you get rid of a family member? You must either do what is right for the business or the family. Either way you will end up with an angry family or weak company.
- Don't blindfoldly delegate the people, you should have the keenness to consistently monitor them.
- Millions of eye-catching theories pop up in the market every year, not every theory bears a token of success, we call it fad nowadays. We should be experimental enough to know which on...
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