7 Basics I’ve learned about doing business

I’ve learned some important basics and I want to share some of them here in this post.

I don’t pretend that these are all the basics. These are basic rules I find important.

1) The true intention of business should be: To make someone’s life better. To advance someone’s life with the particular product or service you offer.

2) You need a group, a team, business partner or assistant to help you become successful. You can not do it in isolation. No man is an island on his own. And you need to surround yourself with people who support you. Have somebody, a mentor or somebody to be accountable to.

3) Remember, people buy for their own reason, not for the reason you think they should buy. You need to know what their reason is. You need to know the problems they want to solve and offer them the solution. Build relationships. People buy from people they “know-like-trust”.

4) You need to know that money doesn’t solve problems, your thinking patterns do.

5) Losing is part of the process of becoming successful; don’t fear failure, it is part of the deal. Stop being afraid to make mistakes.

6) Know some of the important truths about money. I will write a post to talk about some of them.

7) Know the difference between Assets and Liabilities. Contrary to how I learned it in school, in his books “Rich Dad Poor Dad” and “Cashflow Quadrant”
Robert Kiyosaki, explains this simply as:
Asset is something that makes you money and Liability is something that costs you money.
This is very clear and true, because in school I learned book keeping from the point of view of the bank and the business owner I worked for. Doing business yourself you need to know what costs you money and what brings or makes you money.

Robert Kiyosaki keeps saying in the books I named earlier that Rich people know how to let money work hard for them.
Poor people will stay poor as long as they keep thinking that they have to work hard for money and make other people rich.

He also says that: “It’s not assets, real estate, stock, mutual funds, business or money that makes you rich. It’s the information, knowledge, wisdom, know how and one’s financial intelligence that makes a person wealthy.”

I agree that it is using your potential that can make you wealthy.
But unless you do something with it, take action and practice it, it will be only potential.

How to win friends and influence people.

How to win friends and influence peopleThis grandfather of all people-skills books was first published in 1937. It was an overnight hit, eventually selling 15 million copies. How to Win Friends and Influence People is just as useful today as it was when it was first published, because Dale Carnegie had an understanding of human nature that will never be outdated. Financial success, Carnegie believed, is due 15 percent to professional knowledge and 85 percent to “the ability to express ideas, to assume leadership, and to arouse enthusiasm among people.” He teaches these skills through underlying principles of dealing with people so that they feel important and appreciated. He also emphasizes fundamental techniques for handling people without making them feel manipulated. Carnegie says you can make someone want to do what you want them to by seeing the situation from the other person’s point of view and “arousing in the other person an eager want.” You learn how to make people like you, win people over to your way of thinking, and change people without causing offense or arousing resentment. For instance, “let the other person feel that the idea is his or hers,” and “talk about your own mistakes before criticizing the other person.” Carnegie illustrates his points with anecdotes of historical figures, leaders of the business world, and everyday folks.

Think And Grow Rich

Product Description
The bestselling success book of all time is updated and revised with contemporary ideas and examples.
Think and grow rich
Think and Grow Rich has been called the “Granddaddy of All Motivational Literature.” It was the first book to boldly ask, “What makes a winner?” The man who asked and listened for the answer, Napoleon Hill, is now counted in the top ranks of the world’s winners himself.

The most famous of all teachers of success spent “a fortune and the better part of a lifetime of effort” to produce the “Law of Success” philosophy that forms the basis of his books and that is so powerfully summarized in this one.

In the original Think and Grow Rich, published in 1937, Hill draws on stories of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation to illustrate his principles. In the updated version, Arthur R. Pell, Ph.D., a nationally known author, lecturer, and consultant in human resources management and an expert in applying Hill’s thought, deftly interweaves anecdotes of how contemporary millionaires and billionaires, such as Bill Gates, Mary Kay Ash, Dave Thomas, and Sir John Templeton, achieved their wealth. Outmoded or arcane terminology and examples are faithfully refreshed to preclude any stumbling blocks to a new generation of readers.

About the Author
Napoleon Hill (1883-1970) enjoyed a long and successful career as a lecturer, an author, and a consultant to business leaders. Think and Grow Rich is the all-time bestseller in its field, having sold 15 million copies worldwide, and setting the standard for today’s motivational thinking.