The most important thing these days is to get the right numbers. The right numbers are what make you a profit. The right numbers are what make you a winner.
So in the last five years we’ve learned a lot about how money works. Things that are easy to make (as an accountant) and hard to make (as a trader) and things that are hard to pay (as an economist) and things that are hard to pay (as a real estate developer) have changed considerably over the last five years.
One of the most important aspects of being a successful entrepreneur is knowing what to pay your employees. We’ve all seen the commercials where the guy has to pay his employees a certain percentage of their final take. But the reality is that this concept is a myth. The reality is that the people who make the money and who are the most successful are the ones who pay their employees the least. Here are some examples of the most successful people in the world.
Ok, these guys may be in the right league of success, but they are not the most successful people in the world, so they are not successful. To be in the top quartile of success you would have to be really smart, rich, and very good at what you do.
I find that working in the top quartile of your income makes you a lot more productive than you would otherwise be. To have the most successful people in the world as your top quartile of income is probably the most sensible thing to do, especially with a few people who are not really rich.
To succeed in the best company you need to be able to find the right combination of intelligence and luck. To be the best people at what they do, they have to have been able to find the right combination of intelligence and luck.
If you have the right combination of intelligence and luck, you will be able to get a high percentage of the people who are not really rich. But the trouble with this is that it also means you are less intelligent (or luckier) than those people. Which is what you want to avoid.
In this video above, I will be discussing the difference between the two concepts. I will be talking about the two concepts in more detail, so you can get a better insight.
Here it is. What does the right combination of intelligence and luck do for a person with a big ego? No they don’t. But when they do, they do a lot of their reasoning and thinking. They think it’s luck that makes them successful or that some people get rich or some people get poor. And that’s all fine.
The problem is that when these big egos are allowed to run their course, then they can cause the poor to become the rich. They can run roughshod over the poor, and if they dont get their way they get what they deserve. This is when the ego gets to be a very dangerous thing. The poor think they are the people who are smarter than everyone else.