Paul Odame - Money Makers: Great Business Men Who Made A Lot of Fortune, Bio, Early Life, Career, Type Of Business

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CONTENTS

Dedication

Preamble

Chapters (1-12)

Chapter One Henry Ford

Chapter Two E.M. Statler

Chapter Three James J. Hill

Chapter Four John Wanamaker

Chapter Five William Wrigley, Jr.

Chapter Six George S. Parker

Chapter SevenThomas A. Edison

Chapter Eight George Eastman

Chapter Nine Cyrus H.K..Curtis

Chapter Ten Henry L. Doherty

Chapter Eleven Frank W. Woolworth

Chapter Twelve Edwin C. Barnes

DEDICATION

This Master piece is dedicated to our Lord and Saviour Jesus Christ, for the STRENGH YOU GIVE US EVERY SINGLE DAY and a purpose to live.

Preamble

Traits Of Successful Moneymakers

Making money, whether it be through investing in the stock market, real estate, or running your own business, isn't just about doing the math and coming out on top with a little luck. For better or worse, success is often determined by you and you alone. Successful guys have certain personality traits in common.

Here are some of the characteristics of successful money makers that can help you rise to the top.

Realism is the fine line that you walk between optimism and negativity. A successful man is a realist, which means that he's never going to shoot himself in the foot by being negative, but he's not going to take risks based on unsupported conclusions.

Consider Bill Gates. When he left Harvard to develop his vision at Microsoft, he took a huge risk. But that risk wasn't entirely unfounded. Bill knew what the rest of us would later on: personal computers would be the wave of the future if only software could be more user-friendly.

You don't have to be as far thinking as Bill Gates, but you should learn something from his decision making. Before you make a key decision, ask yourself whether you're being realistic. It's a hard thing to do, but the most successful among us are able to step outside of themselves for a moment and evaluate the situation.

The best ideas in the world are worthless if they're not put into action. But action can be a double-edged sword because action for the sake of action can easily become reckless.

The mindset that separates the men from the others in this department is being uncomfortable with inaction. In other words, a successful guy will never sit around waiting for something to happen. He may not invest any money in a given year, but he'll always be looking and exploring. That's what made Warren Buffett such a success. His specialty is buying undervalued companies.

Buffett has been beating the pants off the S&P 500 since 1965, but it's not just luck that gets him there. As a man of action, Buffett knows how to harness his aggressive side, but he has the discipline not to go overboard.

Berkshire Hathaway, the conglomerate Buffett leads, has $64 billion per year in revenues, which means a lot of buying and selling. But that kind of success keeps him focused on replication. Buffett continues to pursue the stated goals of the company by sticking to his solid business plan. Deviations, even with respect to stock disbursements (the company has not had a stock split since Buffett took over), are not allowed. The theory behind that: don't fix what isn't broken. Go the way of your passion...

If you don't love it, it's nearly impossible to get others to love it. By focusing on something that you're passionate about, you'll give yourself extra resources that can't be quantified.

Any financial undertaking is going to be hard and you're going to have to put in extra work that you couldn't have predicted. That's where the passionate man has an edge. When you're working on your passion, you don't mind the extra work. In fact, if you're really on the right track, it won't seem like work at all.

Larry Ellison, the founder of Oracle, took his passion for mathematics and computers, and revolutionized the database world. That might sound boring to a lot of us, but to Ellison, it was a dream come true. Maybe your passions don't have nearly as much commercial upside, but that doesn't mean they aren't worth looking at.

Sometimes following that passion means putting yourself outside the mainstream. A lot of people shy away from this, and it's true, you can go too far. But no successful businessman could ever be described as someone who followed the crowd. Successful people live outside the crowd so they can move the crowd. You just need to make sure you're not too far removed from the crowd.

Confidence is key to almost anything in life, whether you're running a business, selling a product, or trying to finance your idea. If you don't project confidence, you won't get very far. But it's more than just being confident that matters. Confidence allows you to surround yourself with quality people, who will push you and who you can in turn push to greater and greater heights. In other words, confidence is the building block that allows you to make the whole greater than the sum of its parts.