8 Things That Self-Made Billionaires Do Differently

8 Things That Self-Made Billionaires Do Differently

Is there some unique way of thinking that gives self-made billionaire entrepreneurs an edge? Fascinated by this question for my whole career as a serial entrepreneur and writer, I’ve read more billionaire entrepreneur biographies than I can count, researched what they have in common, and met and interviewed several

Billionaire Entrepreneur Hack

Identify a core customer need that will likely stay the same (even as technology and culture evolve) to which your company is uniquely positioned to cater, and build your company around it.

Billionaire Entrepreneur Strategy

Having a powerful vision is essential for all entrepreneurs, but if you are going to excel, your stakeholders need to buy into your vision

Billionaire Entrepreneur Strategy

Don’t chase success, chase failure.

Billionaire Entrepreneur Hack: Utilizing a decision tree does not require a PhD

All that’s needed is a basic understanding of probability

Billionaire Entrepreneur Strategy

Avoid stupid mistakes by religiously following basic tenets and ideas they know will work

Billionaire Entrepreneur Hack: Blake Goodwine has used a decision-making checklist to build his Lionize Media Group into a network of niche media sites with tens of millions of monthly visitors

Brainstorm

Thinking independently requires:

Courage to stand up against the herd when you’re right and everyone else is wrong

Billionaire Entrepreneur Strategy

Charlie Munger, Berkshire Hathaway vice chairman and long-time Warren Buffett business partner, shows another equally important path to success; thinking through what can go wrong.

Billionaire Entrepreneur Hack:

Blakely offers specific advice: “My dad would encourage me anytime something didn’t go the way I expected it to, or maybe I got embarrassed by a situation, to write down where the hidden gifts were, and what I got out of it.”

Billionaire Entrepreneur Hack:

Test your plan with this three-step pre-mortem process developed by Meathead Movers CEO and cofounder, Aaron Steed

Turn Your Vision Into A Detailed Story And Picture

Retreat, visualize, and ask

Billionaire Entrepreneur Strategy

In the information age, one of the best ways to get information is not from just being better at searching Google, it’s from learning how to build a network and get the information you need through that network.

Billionaire Entrepreneur Strategy

Jeff Bezos shows that big trends are only part of the story. It’s also about doing the exact opposite and focusing on what does not change.

Billionaire Entrepreneur Strategy

The key to having enduring, extraordinary performance is to do what others won’t or can’t and to be right

Two keys on building long-term relationships

Be picky about who you spend a lot of time around

Billionaire Entrepreneur Strategy

Elon Musk uses decision trees to make big decisions

Looking to apply these self-made billionaire lessons to your business now?

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