10 'unwritten' principles of self-made millionaires

Self-made millionaires have many things that most of us don't have. However, the reason lies in that we do not dare to experience and endeavor to achieve them.

I spent a considerable amount of time in contact with self-made millionaires and learned very well about them. In the end, what I found out was: the millionaires themselves are self-made millionaires because they all build and stick to the perspectives or principles that help them persevere, resilience - while those Other feel it is challenging and want to give up.

The following 10 rules I temporarily call "The Successful Framework of Self-made Millionaires" let you have a clearer view of thought and consistency both in their thoughts and actions.

Principle 1: Simplify the purpose

The millionaires are themselves millionaires because when they start building an empire, they all have a high concentration on a certain goal. All efforts and energy are put to the full extent to pursue what they want. Such as:

1. Henry Ford wants to democratize cars - so everyone can use them.
2. Bill Gates wants to put a computer in every home in America.
3. Steve Jobs wants to put computer power into a phone (making it different).

When looking at all of these goals, they seem to be very large, impressive but still concise - only in a single sentence and easy to understand.

Principle # 2: Simplify the plan

Self-made millionaires never create detailed, meticulous plans.

Herb Kelleher - founder of the largest low-cost airline in the US never used complex numbers. His plan simply followed the following three principles:

1. Take off and land.
2. Happy.
3. Lowest cost.

These very simple principles are the foundation for creating the cheapest and most profitable airline company in the history of the aviation industry. Maintaining simplicity in everything will make the staff - not just the key leaders - focus on activities that have the greatest impact on the organization's success.

Rule No. 3: Limit tolerance

Self-made millionaires limit what they can endure - sounds a bit ruthless, but this is indeed a great thing.

They don't accumulate success from what they want, they "take" it from the world by limiting things they will tolerate.

They never forgive people who lack energy or selfishness, self-interest and never help others.

They do not forgive for not producing results.

They do not tolerate the pressures of society - they are willing to accept separation, isolation and overcome it to create really great things.

Self-made millionaires are 1% of those who are capable of enduring what 99% of the rest of them avoid and often avoid things that 99% of the rest of them will tolerate. They constantly optimize their lives. They constantly question themselves in their daily lives: "What is the obstacle that exists in my life? What can I remove today to make my tomorrow better? ".

Millionaires always identify and purify unnecessary things without hesitation - that's why they get the results that not everyone can achieve.

Principle # 4: There is absolute trust in people

Millionaires do not occasionally rely on others; They rely entirely on people to pursue something to the end. From personal assistants to other members of the executive board, successful people build and maintain the most solid work relationships.

This is why: No individual can create the leverage and motivation needed to create a billion-dollar fortune. Therefore, the billionaires always ask and ask for help and support. They know that entrepreneurs cannot do anything if they are alone. Therefore, they link together to all move forward faster.

Principle No. 5: Drain yourself completely for everyone

Partly because of relying on others, billionaires also contribute what they have to everyone, that is, investors, employees, customers and people close to them.

That dedication can manifest itself in many ways - some billionaires are "obsessed" in creating flawless perfect products, others are "obsessed" by spreading success and wealth comes everywhere in the world. In the end, it's all for the people.

Bill Gates - who in the early stages of his career was always frightened by his temperament - learned how to become an excellent and reputable mentor to top leaders at Microsoft.

Warren Buffett has created one of the largest business empires and a huge wealth of assets in history, but he only did this after realizing the need to create great leaders and closely associated with them.

And considering those who act as leverage for billionaires, this dedication is absolute and unshakable. The most important person in a billionaire's life - from founding partners to assistants - is always interested and often asked to keep in touch with their family for a long time.

Principle 6: Trust in connection systems

Everyone knows that in order to have a successful business, connection is clearly necessary. However, over the years of contacting successful entrepreneurs, I realized that they all had one thing in common: having difficulty communicating.

However, they succeed because they rely entirely on Communication Systems rather than their own communication skills. All billionaires create great ways to track progress, measure results and optimize productivity. They understand the importance of being able to look at key issues in each situation and using reliable and consistent systematic interconnection methods to maintain the close connection between people and children. people.

In this way, billionaires can fill the gap between the skills they lack and create leverage.

Principle # 7: Strategic Push Communications

Billionaires don't wait for someone to talk to them. They do not go around to find the information they need or take hours to find the answer. They expect information to be accurate, concise and delivered directly to them without asking. That's what successful entrepreneurs expect from teams.

The people who make billions of dollars never make themselves immersed in false, untimely and valuable information - they know exactly what they need to see and when they want to see. Those responsible for leverage in the world of billionaires are required to convey this information without waiting for questioning, "super active" push important news on the daily job list so that senior leaders can know what they need to invest time, energy . into.

Rule No. 8: Keep abreast of what they have invested

Investing indiscriminately is waste.

Billionaires always care, monitor and monitor what they have invested to make sure no resources are used based solely on sentiment without relying on reliable information. Each decision they make is carefully considered to minimize risks and losses at the lowest level.

Principle 9: Data-based decision making and "acting" (Narrative)

Successful entrepreneurs do not play chance games - they make decisions based on authentic data and "acting" techniques - methods to help understand decision-making situations by identifying important aspects , suitable. Why? Because they know the value of multi-dimensional views - one comes from numbers and one comes from the perspective of others.

If only based on each data, they will make mistakes. If the numbers are inaccurate, synthesized in a hurry, it may make the decision less lucid. If only based on the "drama" technique, their reason will be shaken by the majority or sentiment.

Therefore, combining data analysis and deep conversations with key people will help billionaires see a bigger picture to make the best decisions.

Principle number 10: Always "super active" to transparent things

Many people think that transparency is like getting ready to answer all questions. However, what makes the billionaires different from most people is the ability to "super active" to make things transparent.

"Super active" links connect attentively to avoid misunderstandings and eliminate all obstacles that appear in the organization. They know that ambiguous goals and ambiguous goals can make leverage not work. Therefore, it is impossible to wait for people to approach them with a series of questions. They understand the importance of actively presenting and sharing what they need with those around them.

"Super active" in transparency is the core because it will ensure that team members understand the results and all share the same direction, while increasing their credibility in the leadership process. . Lack of transparency only causes increased pressure and unnecessary misunderstandings for billionaires. Therefore, the harder it is for them to achieve what they want.

Regardless of the experience or scale of business, the success model of self-made millionaires always includes all the lessons that all entrepreneurs can apply to build businesses with growth. high and sustainable.