Book of the day – How To Be A Billionaire by Martin S Fridson – Proven Strategies from the Titans Of Wealth.

This book shows how the big boys do it!

Here are my Billion Dollar Takeaways:

1) Use Price To Get Ahead And Stay Ahead!

Pricing power always forms part of a business strategy. There are 4 ways to legally obtain pricing power:

– Brand Identity

- Patent Protection

- Dominant Market Share

- Sustainable Cost Advantage

Companies like Nike have all four.

We always learn from the greatest, so lets start acting like them! Implement as many of these strategies as possible.

2) “Hard Work is essential!”

3) “Develop A Thick Skin”

You will need it when the tide turns against you. Only the strong survive in Business and in Life.

4) “Keep the back door open”

In every deal you make, in every opportunity you take have MULTIPLE EXITS – this gives you flexibility.

Anything can happen so reducing your risk by having a few ways to exit the deals you make or job offers you take will help. If you only have one way out…. Sometimes mother nature has the last laugh.

5) “Original Thinkers have generally not been the ones who made fortunes”

Gary Kindell developed “disk operating system” the cornerstone of Microsoft’s success. Bill Gates improved his system and licensed it to IBM for a lower price than Kindell.

Three years later Gary Kindell died in a barroom brawl, and Bill Gates went on the world richest man. Go figure!

Ideas are CHEAP… Strategy and Execution are the BIG MONEY!

Be About Billions 💯👊💥