Build business like Master Warren Buffet
Born in 1930 Warren buffet was always interested in numbers. While other kids were busy playing outside Warren buffet was busy reading reading books and starting new businesses. He used to enjoy it as if he was made just to do that.
When Warren buffet was around 7-8 years old, he read a book called ‘One thousand ways to make 1000 Dollars’. In 1937, 1000 Dollars used to be a huge sum.
One of the way he learnt from the book to make 1000 $ was Pinball machine business. He evaluated the business on how much money he will require to buy one pinball machine and how much time he will need to buy another machine of the profits from earlier machine. He liked the business idea. He partnered with one of his friends and bought a pinball machine to be kept at barbers shop. Idea was, people in waiting at barbers shop will use pinball machine to pass time. This idea worked and they started earning profits, they reinvested this profit in to buying more pinball machines and kept those at multiple barber shops. They sold this business to a retired army personnel at 1200 Dollars with in months of its inception.
Learning from the story
1. Replicate your profits not losses. Make one branch profitable and then replicate the model.
2. Build a valuable business which can be sold when needed. With this intention every action you take will prove to be right action for business.
Questions to ask ourselves
1. Am I replicating profits or losses?
2.How can I build a valuable business which can be sold if needed.
3.Am I reinvesting profits back in to business to grow further or getting it out of business?
If you really want to build a highly profitable and valuable business consider this as a personal invitation to our seminar Put your Business On Autopilot
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