WHAT ARE SECRETS OF SELF-MADE BILLIONAIRES' SUCCESS?

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Entrepreneur Dietrich Mateschitz, founder of Red Bull

You will in turn discover business secrets from the way the bosses of Apple, Starbucks ... earned $1 billion in their first career.

“The Self-Made Billionaire Effect” is the work that John Sviokla and Mitch Cohen, two managers and consultants of PwC (PricewwaterhouseCoopers), have studied through many interviews, many autobiographies.

What are secrets of self-made billionaires?

Entrepreneur Dietrich Mateschitz, founder of Red Bull

This is considered a research project in a focused, serious and systematic way, with many sharp comments, together with specific analysis and examples.

By outlining the methods as well as describing the ups and downs in the career paths of billionaires, the book provides readers with useful business lessons, helping businesses to identify talent individuals in organizations to foster, develop and enable them to implement their ideas.

You will in turn learn through 6 chapters of the book the following issues: Crushing misconceptions about outstanding entrepreneur; Be aware of empathic imagination to create breakthrough value; Find out in part the pressures billionaires accept, in your patient urgency and bring your breakthrough ideas to market.

As the head of the business, have you thought it was important to encourage the empathy and imagination of your colleagues and employees? The book states that is the key thing you should establish first in the business.

The ideas that people like Joe Mansueto, Jeff Lurie, Chip Wilson, Glen Taylor, Sara Blakely, Eli Broad and others envision and pursue to the end often crystallize from the harmony of empathy, and imagination, nurtured through years of sticking to a certain field, through curiosity and courage.

To increase your chances of having the owner of such an idea alone, you need to make sure that all the people in your organization practice "empathic imagination".

For example, the way car manufacturers like Toyota and Harley-Davidson often use it is to ask employees to buy their products through the dealership system that customers use.

Billionaires advise to create an opportunity for all employees to learn about different aspects of their businesses, other projects or even areas where there is no direct connection with their expertise.

The purpose of empathy training, maintaining improvement and encouraging curiosity is to "think big", "act big".

You can also learn the acumen of top producers like Dietrich Mateschitz, Steve Job, and Micharl Bloomberg.

With his sensibility, Dietrich Mateschitz, when he was just an unknown businessman, persuaded the famous Formula 1 driver - Gerhard Berger to accompany him for a walk with a can of Red Bull in hand without having to carry a formal contract.

It also explains how Steve Job - who was asked to leave Apple ten years ago - was able to convince Apple’s management board to buy NeXT, a company was just successful with unique technology, and later reinstated his CEO position.

With serious research, with a coherent scientific style, the book gives you the opportunity to get access to practical knowledge that is highly applicable in the process of running your business.

As T. Boone Pickens, Chairman of BP Capital Management (Investment fund), once said: "This is a book full of good research, fascinating stories and great opportunities." Also according to him: "Earning $1 billion first is the most difficult. I know it from my own experience. If you want to challenge yourself to that milestone, reading “The Self-Made Billionaire Effect” will be a good place to start.