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How to build billion dollar businesses? How does one startup big businesses> do billionaires know something that the rest people don't?
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Common misconception about billionaire
How does billion dollar business come about?
How do billionaire self make themselves?
A company becomes billion dollar companies when it makes something everyone needs. It sells something for 1 dollar profit that is packed with value, and repeat the sale 1 billion times.
It spend 100 million dollars to build a factory, which produces that merchandise for 47 cents, and you sell that for 60 cents or 1.2 dollars. People get them for "refreshments" or joy - and they think the 60 cents is worth it. Overtime, you accumulate the profit s few billion times.
Here is six key ingredients billionaires know.
Billion is made by providing same product which you charge for modest price and sell many copies. You must be in the right business.
You can charge a price because you give overwhelming value. The value is worth more than the price.
A billionaire has a great, tweaked money making machine.
A billionaire is made by time and trend, not by efforts.
Luck happens like a clock - if you do something long enough you will get lucky once or twice.
Billionaire started to fail young. They know failure is the way.
No one gets paid to be rich. You provide value and you will get paid. Value is a result of hard work, although not all the hard work is manual work.
For an individual, the key to be rich is to be in business. Being in business means two things:
you gained a business mindset;
you are in a business section.
Overall success is result of countless failures. The billionaires started to fail when they were young.
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Here is six key ingredients billionaires know.
Billion is made by providing same product which you charge for modest price and sell many copies. You must be in the right business.
You can charge a price because you give overwhelming value. The value is worth more than the price.
A billionaire has a great, tweaked money making machine.
A billionaire is made by time and trend, not by efforts.
Luck happens like a clock - if you do something long enough you will get lucky once or twice.
Billionaire started to fail young. They know failure is the way.