In the industrial age, it took 23 years for Henry Ford to become a billionaire, but in the technology age, Michael Dell became a billionaire with three years of part-time work. In the age of technology and as an entrepreneur, if you do not have 3 vital skills, you will be destroyed, which I refer to as the business death triangle: Marketing and sales skills, leadership skills, and financial skills.
When it comes to financial knowledge, the first question is what your role model is and how he or she fits you, this is how you emulate the analysis, the opinions, the way of negotiations, and many other things. For example, one of my role models is Mr. Warren Buffett, who says that the foundation of your business is fear or love? Or is the issue of investment, he refers to oil wells, he says that out of every 10 oil wells, 9 are empty and one is oil, which makes you rich.
My next role model is Mr. Bill Gates, who teaches you how to increase your company’s stock value, or how to get financial knowledge to get rich. Bill Gates also owns the largest charity in the world and believes that by giving, you can make a fortune.
Controlling finances requires knowledge of the system and discipline. Important questions are also raised in this regard:
- What are your financial goals and plans for getting rich?
- Examine the history of the economy and the appropriate profits in your industry.
- Constantly check Return on investment or ROI.
- Familiarize yourself with the concepts and analysis of financial data.
To get rich, you must first learn how to invest and stop working alone. Form your own team of banking, finance, accounting, investment, insurance, and tax advisors. Remember that no one climbs a mountain alone, because they do not reach the top without the support of others.