The Mafia Manager Book Review: A Guide to Corporate Machiavelli

If you are a loyal reader of this business blog, you will notice that this is the third piece I am doing about the book “The Mafia Manager.” Why? You may ask. Well, I doing this third piece because I have read and found the business management strategies outlined in the book “The Mafia Manager” to be priceless and timeless.

I have read the book “The Mafia Manager” for more than four consecutive times and with each reading, I discover more insights that escaped my notice in previous readings. Sincerely speaking, I want to proudly say that the book “The Mafia Manager” has positively impacted on my life and business.

After carefully absorbing the lessons of “The Mafia Manager;” I observed that the leadership style and management principles outlined in the book is being used by some successful entrepreneurs and drop out billionaires; I talking about entrepreneurs such as Larry Ellison, Ingvar Kamprad, Donald Trump, Steve Jobs, Bill Gates, Howard Hughes, Richard Branson, Thomas Edison, Henry Ford, John D. Rockefeller, Cornelius Vanderbilt and Carlos Slim Helu.

These leadership techniques of the Mafia manager has help these entrepreneurs position their companies to dominate their industry. In fact, the Mafia Manager’s leadership style and techniques helped the Mayer Amschel Rothschild become the richest and one of the most powerful men in the world during his time. Now what makes “The Mafia Manager” so special?

The Mafia Manager is a book containing the distilled wisdom of men who have managed one of the largest, most profitable and long lived cartels in the history of capitalism. The Mafia Manager gathers for the first time in one book the knowledge and percepts of the ruthless bosses whose genius at organization and management contributed far more to profitability and growth than the brute strength or conventional wisdom of the legitimate CEO.

So in this article, I am going to give you a sneak preview into the book “The Mafia Manager.” If you are ready, then let’s ride.

                The Mafia Manager Book Review: A Guide to Corporate Machiavelli

Contents

                Introduction

Part 1 –                 Managing Yourself

  • Getting there
  • Capos
  • Office Politicking
  • Business
  • Problems
  • Time Management
  • Excision Making
  • Friends
  • Enemies
  • Axioms

Part 2 –                 Managing Others

  • Hiring
  • Soldiers and Lieutenants
  • Consigliere
  • Secretary
  • Personnel Director
  • Accountant
  • Job Titles
  • Raises
  • Loyalty
  • Types
  • Leadership
  • Handling Staff Conflict
  • Firing
  • Larceny
  • Belt Tightening
  • Productivity
  • Rules
  • Axioms

Part 3 –                 The rest of it

  • Objectives
  • The true nature of business
  • Capitalism
  • The Rich
  • The Competitive struggle
  • Negotiating
  • Meetings
  • Memorandums
  • Suppliers
  • Liars
  • Secrecy
  • A Role model
  • Domestic Arrangement
  • Axioms

                40 Famous Quotes about Life and Business from the Mafia Manager

                The Mafia Manager: 25 Business Management Success Principles for Entrepreneurs

Free Small Business Books to Increase your Business Management Skills

Today, I want to share with you some business books that can help increase your business management skills and intelligence. For sometime now, I have been thinking of something valuable to share with you my loyal reader and just recently; it stuck my mind and I said to myself: “why don’t I give away some of the business eBooks I have in my e-library.

So I scanned though my laptop and compiled some of the best business books I can find. The fact that I tagged the headline “free business books” doesn’t mean that they are valueless. Below are some of the business management books I have read, so feel free to download and share with your friends.

 Free Small Business Books you can Download to Increase your Business Management Skills

The Mafia Manager: 25 Business Management Success Principles for Entrepreneurs

Have you read The Mafia Manager? If you had the opportunity to sit face to face and learn some uncommon, underground business success secrets from a shrewd mafia manager, will you grab it? If your answer is yes, then sit back as I share with you; 25 small business management success principles I learned from a mafia.

The Mafia Manager is a must read for all entrepreneurs who desire to build a formidable business and rise to fame. If building a business is your business and it’s your goal to rise to the top in the shortest time possible. There’s only one advice I have got for you. Build your business using the Mafia’s style of leadership and you will achieve your goal.” – Ajaero Tony Martins

Sometime ago, I came across a book “The Mafia Manager” written by a supposed mafia, who preferred to keep his identity under wraps. After reading the book, I immediately fell in love with it. With lessons picked from the mafia manager, I began to challenge and compare my leadership and management style with those of the “syndicates or mafias.”

After carefully absorbing the lessons of The Mafia Manager; I observed that the leadership style and management principles outlined in the book was also used by some successful entrepreneurs and drop out billionaires; I talking about entrepreneurs such as Larry Ellison, Ingvar Kamprad, Donald Trump, Steve Jobs, Bill Gates, Howard Hughes, Ted Turner, Richard Branson, Thomas Edison, Henry Ford, John D. Rockefeller, Cornelius Vanderbilt and Carlos Slim Helu.

I greatly admire GE, their utterly ruthlessly focused management, to get the cost out and get this integration done.’ Ok, we may make a few mistakes along the way but we are not going to waste any time.’ They make decisions; they are incredibly disciplined and focused.” – Larry Ellison

The leadership techniques of the Mafia manager has help these entrepreneurs position their companies to dominate their industry. In fact, the Mafia Manager’s leadership style and techniques helped the Mayer Amschel Rothschild become the richest and one of the most powerful men in the world in his time. Now what makes the book “The Mafia Manager” so special?

I believe in benevolent dictatorship provided I am the dictator.” – Richard Branson

The Mafia Manager is a book containing the distilled wisdom of men who have managed one of the largest, most profitable and long lived cartels in the history of capitalism. The Mafia Manager gathers for the first time in one book the knowledge and percepts of the ruthless bosses whose genius at organization and management contributed far more to profitability and growth than the brute strength or conventional wisdom of the legitimate CEO.

You have undertaken to cheat me. I will not sue you because the law is too slow; I will ruin you.” – Cornelius Vanderbilt

Inside The Mafia Manager book, you are going to find loads of no-nonsense business advice and successful principles; principles that guarantee accelerated business growth. Instead of leaving you in the dark with respect to the book “The Mafia Manager,” I will do you a favor by sharing with you a tip of the iceberg of some business principles I learn from The Mafia Manager. Are you prepared to learn from a Mafia? If yes, then let’s ride:

Why join the navy if you can be a pirate? – Steve Jobs

 The Mafia Manager: 25 Small Business Management Success Principles for Entrepreneurs

You have to act and act now.” – Larry Ellison

1.            Do business with strangers as if they were brothers and with brothers as if they were strangers.

2.            The most important thing in your business relationships is your reputation for honesty. If you can genuinely and sincerely fake honesty, you will be a success. Never doubt it.

To lead people, walk behind them.” – Lao Tsu

3.            In business, the golden rule is: whoever has the most power make the rules.

 ”The meek shall inherit the earth, but not its mineral rights.” – J. Paul Getty

4.            Mind your own business but keep your eye on the other successful businesses.

5.            If your neighbor gets up early, get up earlier.

6.            Never give business advice to another that doesn’t profit you and your own interests.

7.            Extreme problems usually require extreme solutions.

8.            People problems must sometimes be dealt with harshly. When you make an example of someone, make sure everyone knows what the lesson is. Punish one, teach a hundred

If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.” – J. Paul Getty

9.            When stumped for a solution to a particularly difficult problem, look to the past for a solution.

10.          Work smarter, not harder.

The Mafia Manager: 25 Small Business Management Success Principles for Entrepreneurs

11.          Choose the time of day or night when your energies are highest and conduct business at that time.

12.          Be prepared for betrayal from anyone on your staff, but especially from those you have the most trust in. Every betrayal must be repaid as quickly and as publicly as possible. If you should let a betrayal go unpunished, you are through as a leader.

13.          Remember, not even a machine is 100 percent efficient. Don’t expect the humans who work for you to be.

14.          Do not ever base your plans on achieving the best possible outcome but if it comes, welcome it – after you have examined it on every side.

15.          Many things in life are beyond our control but with people, it is usually possible to pull strings, manipulate them.

The way to make money is to buy when blood is running in the streets.” – John D. Rockefeller

16.          The best thing to invest in your business is your time. To schedule, plan and use time effectively, know your turf and know your objectives. Assess the obstacles and opportunities, then devise your strategies.

In times of rapid change, experience could be your worst enemy.” – J. Paul Getty

17.          Even if it’s your day off or you are on vacation, business comes first before anything else.

18.          Effective time management means making the most of every minute you work and making certain that you have hours everyday and days every week, weeks and weeks every year when you do not have to work.

Hell, there are no rules here. We are trying to accomplish something.” – Thomas Edison

19.          Before making an important decision, get as much as you can of the best information available and review it carefully, analyze it and draw up worst case scenarios. Add up the plus or minus factors, discuss it with your team and do what your guts tell you to do.

Screw it, let’s do it.” – Richard Branson

20.          After loyalty come ability, skill and competence. Promote only able people (and the occasional humbler). You find able people by testing them.

The Mafia Manager: 25 Small Business Management Success Principles for Entrepreneurs

21.          “Don’t be too familiar with your followers; it may at first inspire affection but eventually, like all familiarity; it will breed contempt.”

22.          There will be times when you will have to be abrasive, even brutal to members of your staff. Don’t worry that your people will say bad things about you because of this. They already have. But in general, try to be pleasant and accommodating. Try to please the greatest number who work for you that you can; antagonize the fewest. Blow smoke.

Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while.” – Jack Welch

23.          At meetings, have someone else float your newest ideas. Watch the reaction of the rest of your staff. Note who opposes, who supports, who links up with whom. See who responds with an open mind, whose mind is already made up, one way or the other. If you are going to walk on water, you have to know where the rocks are.

The speed of the leader determines the speed of the gang.” – Mary Kay Ash

24.          Don’t encourage overtime. Tell your people that the best way to impress you is to do a great job in the time allotted for it and then go home and relax.

25.          You are in a war. You must plan to take the other guy down first and do it. Winning is not the best thing; it’s the only thing. If it were not, no one would keep score. To win the war, you must take charge. You must set the organization’s objectives, establish a chain of control, delegate, appraise performance, adjust and act.

When somebody challenges you, fight back. Be brutal, be tough.” – Donald Trump

To win one hundred battles in one hundred victories is not the ACME of skills. To subdue the enemy without fighting is the ACME of skill.” – Sun Tzu

As a final note, I ask you this:

Are you prepared to tap and learn from the uncommon wisdom of a Mafia leader? Do you want to adopt the Mafia’s leadership style of running a business? Would you love to build a formidable business empire that will stand the test of time?

If your answer to these three questions is yes, then I will advice you get yourself “The Mafia Manager.” Enough said.

7 Small Business Startup Advice Books for Entrepreneurs

This article is a compilation of the best small business startup advice books specifically written for entrepreneurs. Today marks the beginning of a series where I will be recommending to you high impact business books written specifically for entrepreneurs. I am recommending these business books based on the three criteria below.

                a)            I have read each of them and found the content highly valuable. This means that you are bound to pick up one or two lessons when you read them.

                b)            The authors of these books are experienced in their field and best of all; they are doers, not just preachers. They practice what they preach.

                c)            The business books I am recommending have helped its readers to achieve breakthrough results in their respective businesses and I am one of such readers.

Having said all this; below are seven highly recommended small business startup advice books for entrepreneurs interested in building a successful business from scratch.

Seven Highly Recommended Small Business Startup Advice for Entrepreneurs

 

1.            Before You Quit Your Job – by Robert Kiyosaki

Before you quit your job” is one of the many books authored by my mentor, Robert Kiyosaki. In this book you will learn from a first hand successful entrepreneur how to start and build a business from scratch, business mistakes to avoid, how to find good customers, etc.

If you are interested in learning the 10 real life lessons every entrepreneur should know about building a multi million dollar business, then get buy the book “Rich Dad's Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business” and read.

 

2.            The Art of the Start – by Guy Kawasaki

Guy Kawasaki is an entrepreneur, angel investor and venture capitalist. From his wealth of experience, he wrote this great book, "The art of the start" to help young startup entrepreneurs go through the entrepreneurial process, raise capital for their business venture, start a business and successfully build the business to international standard. I personally recommend you buy this book because it contains everything you need to know about small business startup financing. The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything

 

3.            The E-Myth Revisited – by Michael Gerber

The E-Myth Revisited by Michael Gerber is specifically written for entrepreneurs who have kick started their business. The E-Myth Revisited contains priceless information that will help small business owners grow and structure their business for profitability. This book is so enriched with information that I couldn't help but do a review on it. You can read the E-Myth review here and buy the book directly from here “The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It.”

 

4.            Protecting Your No 1 Asset – by Michael Lechter

This book is specifically written for creative entrepreneurs, those with multi million dollar ideas in their brains. Just like the name above, it's all about protecting your number one asset; which is your intellectual ideas. The author, Michael Lechter is a seasoned intellectual property attorney. Most of you may see this book as valueless but I will advice you get it especially if you have a lot of ideas upstairs. Protecting Your #1 Asset: Creating Fortunes from Your Ideas (Rich Dad)

 

5.            The business school – by Robert Kiyosaki

Simply put, "The Business School" explains in details the hidden value of a network marketing business and the learning opportunities offered by these networks. The Business School, For People Who Like Helping People (Rich Dad's- The Eight Hidden Values of a Network Marketing Business, Other Than Making Money)

 

6.            The ABCs of Writing Winning Business Plans – by Garrett Stutton

Just like the name implies, this book is all about writing a winning business plan; one that has the potential to attract investors. Anybody can write a business plan but not all business plans get the venture capital. So if raising capital is your top most concern, I will advice you read this book “Rich Dad's Advisors®: The ABC's of Writing Winning Business Plans: How to Prepare a Business Plan That Others Will Want to Read — and Invest In.”

 

7.            Own Your Own Corporation – Garrett Stutton

Most startup entrepreneurs are naive when it comes to choosing the right business entity. Garrett Stutton in his book, "Own Your Own Corporation" explains extensively the different business entities available including their advantages and disadvantages. Rich Dad's Advisors: Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them

 

As a final note, these are the seven small business startup advice books I personally recommend for all entrepreneurs and business owners. Keep a date with us as I bring to you more result producing books.

The Art of War Book by Sun Tzu: Seven Business Lessons to Learn

Today, I want to share with you some business lessons I learned from “The Art of War” book by Sun Tzu. For those of you who might not be familiar with the name Sun Tzu; Sun Tzu was an adviser, philosopher and strategist to the Emperor of China. Back then, his military advice and strategies helped the emperor maintain a stronghold on the Chinese province.

To win 100 victories in 100 battles is not the acme of skills. To subdue the enemy without fighting is the acme of skills.” – Sun Tzu

Many of his powerful strategies were tabulated in written form and translated, resulting in the book; “The art of war.” If you have not read this book, I will advice you get it as soon as possible. But for now, I just want to share some of his strategies with you. Though most of them are military, they are very much applicable in the world of business and marketing.

7 business lessons from The art of war book by Sun Tzu

1.  Defeat your opponent by strategy and flexibility

In the art of war book; Sun Tzu made us understand that our competitive objective should be to conquer our competitors by strategy, not by conflict because conflict may ultimately benefit no one.

He also highlighted that overcoming competition requires careful and detailed planning, clear business strategy and proper strategic management. Flexibility entails responding quickly to changing factors such as economic, environmental and political factors. It also entails aligning swiftly or taking advantage of emerging trends.

No plan survives contact with the enemy.” – Sun Tzu

Your overall business strategy must be flexible and opportunistic with respect to the prevailing situation. That means you must constantly review your strategies and make the necessary adjustments. You must also not be static with respect to your strategic plan and you must take certain decisions quickly.

To defeat the enemy, you must be as flexible as water. Water has the ability to quickly take the shape of any container it finds itself.” – Chinese proverb

2.  Divide your opponent’s attention

Everywhere i go, i am being watched by a thousand eyes.” – Napoleon Bonaparte

Intentional confusion is the strategy of moving in circles without any apparent direction.” – Sun Tzu

This is the second lesson I picked up from the art of war. You must look for smart ways to divert your enemy’s attention while you are making your strategic moves. For instance, when you are developing a new product or when you want to launch one, try to strategically divert your competitor’s attention.

3.   Use competitive information

Know your enemies and above all, know yourself.” – Sun Tzu

Accurate information is the foundation of profitable operations.” – Sun Tzu

You probably must have watched the news on TV today? Have you taught about the information you heard in the news? Did you analyze the information you obtained from TV to find out if that information will affect your business positively or negatively?

The most meaningful way to differentiate your company from your competitors, the best way to put distance between you and the crowd is to do an outstanding job with information. How you gather, manage and use information will determine whether you win or lose.” – Bill Gates

Succeeding in a direct engagement on a competitor depends on deceiving him. If your stratagems are obvious to your enemies, no matter how good they are; you will be defeated.” – Sun Tzu

Information can be a competitive advantage for your business depending on how fast you apply it. Mind you that Information is not power but its strategic application is power. You must always strive to get information and use it to your advantage.

If you don’t have a competitive advantage, don’t compete.” – Jack Welch

4. Forge a team with singleness of purpose and commitment

When building a business, you must bring your employees together as one family. Your business must become their business.

Teams should be able to act with the same unity of purpose and focus as a well motivated individual.” – Gill Gates

Treat your men well, and train them thoroughly.” – Sun Tzu

Your ability to forge a team out of your employees makes you a good business leader. You must unite your team to act with singleness of purpose. They must be committed to your course. They must understand your business mission and vision. If they can’t envision the future with you; they are not worthy being your team.

5. Utilize your strengths at full capacity

Sun Tzu in the art of war explains that to defeat the enemy, you must discover your strengths and utilize that strength of your at full capacity. You have to give your business everything thing you’ve got to keep it going.

6.  Use climate and prevailing conditions to your advantage

Of all the strategies and lessons shared by Sun Tzu in the art of war, this one really hit me the most. I have seen entrepreneurs cry and lament about unfavorable environments, lack of funding, bad government policy and almost about everything. To be truthful, I was also in the group of the lamenting entrepreneurs but not anymore.

Face reality as it is; not as it was or as you wish it were.” – Jack Welch

I have learned to face business challenges squarely. Sun Tzu taught me that in every situation, whether good or bad; there is an opportunity. Even in the worst situation, I try to find a loophole. If I don’t find one, I create one. No matter how bad the situation, you must find a way to use it to your business advantage.

When I see a barrier, I cry and I curse, and then I get a ladder and climb over it.” – John H. Johnson

7. Exploit the weakness of your competitors

Before entering an engagement, study your enemies closely.” – Sun Tzu

Learn to spot loopholes and weaknesses within and without your business environment because this singular factor can be a big competitive advantage for you. You must train your eyes to see opportunities that others cannot see. Sun Tzu taught me to utilize my strengths at full capacity. But where do I apply this strength of mine to obtain maximum result? This was Sun Tzu’s answer; “to obtain maximum effectiveness, you must use your strengths at full capacity to exploit your competitor’s weakness.

You are in a war. You must plan to take the other guy down first and do it. Winning is not the best thing; it’s the only thing. If it were not, no one would keep score. To win the war, you must take charge. You must set the organization’s objectives, establish a chain of control, delegate, appraise performance, adjust and act.” – The Mafia Manager

CashFlow Quadrant Book: Rich Dad’s Guide to Financial Freedom

In 1985, my wife Kim, and I were homeless. We were unemployed and had little money left from our savings; our credit cards were exhausted; and we lived in an old brown Toyota with reclining seats that served as beds. The harsh reality of who we were, what we were doing and where we were headed began to sink in.

That year 1985, was the worst year of our lives, as well as one of the longest. But by 1989, we were millionaires………………………

 CashFlow Quadrant Book: Rich Dad’s Guide to Financial Freedom

This is the second book I am bringing to you from the stable of Robert Kiyosaki, the best selling author of the book “Rich Dad Poor Dad.” If you are don’t know who Robert Kiyosaki is, then I will say you are probably new to the world of Personal Finance, Business and Investing. Robert Kiyosaki is one of the world’s most respected experts in Business, Personal Finance and Investing. He is also my most respected mentor.

The book “CashFlow Quadrant” is a Powerful Hand Guide to Anyone Seeking Financial Freedom. This book also contains the inside story of how my mentor “Robert Kiyosaki” went from being homeless in 1985 to becoming a Millionaire in 1989. The exact steps he took and how you can also achieve the same in less time. Let us take a look into the book “CashFlow Quadrant” Rich Dad’s Guide to Financial Freedom

Table of Contents

Introduction: Which Quadrant Are You In?

                   Is It The Right One For You?

Part I:  The CashFlow Quadrant

Chapter one:  Why don’t you get a Job?

Chapter Two:  Different Quadrants, Different People

Chapter Three:  Why People Choose Security over Freedom

Chapter Four:   3 Kinds of Business Systems

Chapter Five:  The 7 Levels of Investors

Chapter Six:   You Cannot See Money with Your Eyes

Part II:    Bringing Out the Best in You

Chapter Seven:   Becoming Who You Are

Chapter Eight:  How Do I Get Rich?

Chapter Nine;   Be the Bank, Not The banker

Part III; How to Be a Successful “B” and “I”

Chapter Ten:  Take Baby Steps

                    7 Steps to Finding Your Financial Fast track

Chapter Eleven:  It Is Time to Mind Your Own Business

Chapter Twelve:   Take Control of Your Cash Flow

Chapter Thirteen:  Know the Difference between Risk and Risky

Chapter Fourteen:  Decide What Kind of Investor You Want To Be

Chapter Fifteen:  Seek Mentors

Chapter Sixteen:  Make Disappointments Your Strengths

Chapter Seventeen:  The Power of Faith.

Chapter Eighteen:  In Summary

Appendix:  The Quick Reference Guide to Wealth

An Excerpt from the book “CashFlow Quadrant”

It Doesn’t Take Money To Make Money

I started this book about being homeless and having nothing because I often hear people say “it takes money to make money.” I disagree. To get from, homeless in 1985 to rich in 1989 and then to become financially free by 1994 did not take money. We had no money when we started and we were in debt.

It also does not take a good formal education. I have a college degree, and I can honestly say that achieving financial freedom had nothing to do with what I learned in college. I did not find much call for my years of studying calculus, spherical trigonometry, chemistry, physics, French and English literature.

Many successful people have left school without receiving a college degree. People such as Thomas Edison, founder of General Electric; Henry Ford, founder of Ford Motor company; Bill Gates, founder of Microsoft; Ted Turner, founder of CNN; Michael Dell, founder of Dell Corporation; Steve Jobs, founder of Apple Computer; and Ralph Lauren, founder of Polo.

                How to Build a Successful Business from Scratch: My Entrepreneurial Journey So Far

A traditional college education is important for traditional professions, but not for these people with great wealth. They developed their own successful businesses and that was what I and Kim were striving for.

So What Does It Take?

I am often asked, “If it does not take money to make money, and schools do not teach you how to become financially free, then what does it take?

If you can lay your hands on the book “CashFlow Quadrant” You will discover other Insider’s secret to becoming Financially Free. Some of the Insider’s Secret you will learn is:

The 3 kinds of Business System you can build.

  • The difference between being Rich and Being Wealthy
  • The difference between “S” type of business and a “B” type of business.
  • How to Manage Risk
  • The importance of facts versus opinion
  • Why people struggle financially
  • How to Get Rich
  • How to be the Bank, not the Banker
  • How to become a Successful Business Owner and Investor

3 Valuable Lessons I learned from the book “CashFlow Quadrant” by Robert Kiyosaki

Lesson One: Your Boss Cannot Make You Rich

This is one of the most important lessons contained in this book. I have met some family members and friends who are trying to get rich on their salary. The truth there is this; it’s difficult getting rich on your salary. In the process of trying to get rich on their salary, they break one of laws of money and that law states that “Don’t ever try to get rich on your salary.

The earlier you realize that your boss job is not to make you rich but to make sure you get your steady paychecks, the better for you. A job will not make you rich; building a business will. This lesson is very important to most individuals because most people dream of finding a high paying job, saving some money and becoming rich. If you are interested in learning how to become rich without a paycheck, then get the CashFlow Quadrant.

Lesson Two: You Must Build A Business System Around Your Passion

This lesson is very much applicable to the live of entrepreneurs. I have seen entrepreneurs start a new business with excitement but after some time, they lose enthusiasm and the business begins to crumble. I have also seen entrepreneurs who are always out looking for the new product of the month; they are always looking for the best product to market. They can’t understand why they are not making headway.

If you are in this category of entrepreneurs, all you need to do is to build a business around your passion. If you check the lives of successful entrepreneurs, you will observe that they all built a business around their passion.

Bill Gates, Steve Jobs, Larry Ellison and Michael Dell built a business around their passion; “Computers.” Larry Page, Jerry Yang and Mark Zuckerberg built a business system around their passion; the “Internet.” Aliko Dangote; the richest black man in the world also built a business around his passion. So if you want to build a successful business, then you must discover your passion and build a business around it.

Lesson Three: You Must Watch the Words You Use

After reading the book “CashFlow Quadrant” I came to learn that there are words used specifically by employees, self employed, business owners and investors. I also learnt that the words we use affect our lives unconsciously because words are powerful tools.

If you want to be a successful business owner and investor, then you must learn and use the vocabulary of business owners and investors. I think at this stage, I have given enough.