Why You Need To Start A Business If You Want To Be Rich
The best way to convince you to start a business is for you to take a look at Forbes' Rich List.
Scroll up and down and you will notice that most of them are business owners. Some started their own company while others inherited the business and shares from their parents.
Let's do some analysis.
Based on the list of the richest people on Forbes, we realize that:
If you have the time, take a look at the list up to the 100th richest person.
I have done that and I found that each of the richest 100 person in the world are associate with great businesses. They either founded a business, run a business, inherited a business or have an interest in businesses and companies.
One thing that surprised me is that one of the billionaires have their fortune from Lego. According to Forbes, Kjeld Kirk Kristiansen, the grandson of the founder of Lego is the #65 richest person in the world in 2016 with a net worth of $13.1 Billion. It is interesting to know that you can be a billionaire by manufacturing toys!
Scroll up and down and you will notice that most of them are business owners. Some started their own company while others inherited the business and shares from their parents.
Let's do some analysis.
Based on the list of the richest people on Forbes, we realize that:
- Bill Gates is the richest man on earth with a net worth of $75 Billion. He got rich through starting Microsoft.
- Amancio Ortega, the second richest person is worth $67 Billion. He founded ZARA.
- Warren Buffett the 3rd richest person on the list is worth $60 Billion. He runs an investment company called Berkshire Hathaway.
- Carlos Slim Helu, a Mexican businessman is worth $50 Billion. He made his money from telecommunications.
- Jeff Bezos, the founder of Amazon is worth $58 Billion.
- Mark Zuckerberg the founder of Facebook is worth $44 Billion.
- Larry Ellison the founder of Oracle is worth $43 Billion
- Michael Bloomberg the founder of Bloomberg LP is worth $40 Billion
- Charles Koch & David Koch, brothers, are the owners of Koch Industries. Both are worth $39 Billion each.
- Liliane Bettencourt who inherited the cosmetic company L' Oreal is worth $36 Billion.
If you have the time, take a look at the list up to the 100th richest person.
I have done that and I found that each of the richest 100 person in the world are associate with great businesses. They either founded a business, run a business, inherited a business or have an interest in businesses and companies.
One thing that surprised me is that one of the billionaires have their fortune from Lego. According to Forbes, Kjeld Kirk Kristiansen, the grandson of the founder of Lego is the #65 richest person in the world in 2016 with a net worth of $13.1 Billion. It is interesting to know that you can be a billionaire by manufacturing toys!
A Business Allows You To Serve Many People
What is the difference between a business owner and an employee?
A business owner has no limits to his earnings potential. The more the business grows, the bigger his wealth will be. However, the employee is always at a disadvantage. His salary is limited to a monthly paycheck. Pay increases also has a very low ceiling.
Another difference between a business owner and an employee is the amount of people they serve. The worker is paid to serve his master. He serves only one person. A business owner is paid to serve many people. The bigger his business is, the more people become his customer.
The more people you serve, the more people will pay you for your products or services. The only way to serve as many people as possible is not by working more hours with your 2 hands. It is by allowing your products and services to serve as many people as possible.
Needless to say, the more people you serve, the richer you will be.
A business owner has no limits to his earnings potential. The more the business grows, the bigger his wealth will be. However, the employee is always at a disadvantage. His salary is limited to a monthly paycheck. Pay increases also has a very low ceiling.
Another difference between a business owner and an employee is the amount of people they serve. The worker is paid to serve his master. He serves only one person. A business owner is paid to serve many people. The bigger his business is, the more people become his customer.
The more people you serve, the more people will pay you for your products or services. The only way to serve as many people as possible is not by working more hours with your 2 hands. It is by allowing your products and services to serve as many people as possible.
Needless to say, the more people you serve, the richer you will be.
A Business Can Leverage The Power Of A Thousand Hands
Imagine you are a builder and you are commissioned to build a skyscraper.
Will you build it with your 2 hands? Or would you hire 500 workers to help you out?
The more hands that work on a project, the faster you can finish it. There is no way to become rich just by your own. You need to harness the power of a thousand hands and a thousand minds if you wish to grow rich exponentially. When you build a business, you not only build wealth faster, you bring employment to many people as well.
Previous Lesson : Great Services Creates Billion Dollar Companies
Next Lesson: The More You Serve The Richer You Will Be
Will you build it with your 2 hands? Or would you hire 500 workers to help you out?
The more hands that work on a project, the faster you can finish it. There is no way to become rich just by your own. You need to harness the power of a thousand hands and a thousand minds if you wish to grow rich exponentially. When you build a business, you not only build wealth faster, you bring employment to many people as well.
Previous Lesson : Great Services Creates Billion Dollar Companies
Next Lesson: The More You Serve The Richer You Will Be
