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(Preface: sorry, a little buzzed on a Friday night)
Had a thought recently: what is it that separates a regular businessman(woman) from becoming an industrialist?
What are the qualities, that takes a simple businessperson to touching every corner of the globe?
I think a crucial element is distribution. But something that I've started to realize is how important joint ventures/deals are.
Think about this:
What do Jeff Bezo's and John Rockefeller have in common?
Well, first off, they have/had the most sophistocated distribution system of their time.
The second thing, is Jeff Bezo's had mega deals, 1st with book publishers (which he later screwed over) and then with UPS to get products from 3rd parties to Amazon's fulfillment centers cheaply. John Rockefeller had deals with the rail lines (which he also screwed over when he built pipelines, but that's beside the point).
What I believe the key was to their success? Reinforcing feedback loops. (Look up system thinking)
What is something that creates more of itself?
The most basic answer: money. The more money you have, the more you can invest which creates more money.
The more businesses you own, the more money you create, so you can buy more businesses.
The more deals you have, the more money each deal makes for you, the more people you can hire to make deals for you.
It is exponential. The only limit is how big your mind can think.
What are your thoughts? Do you think it's only possible to become an industrialist in a developing country? (Africa, parts of SouthEast Asia, etc.)
Had a thought recently: what is it that separates a regular businessman(woman) from becoming an industrialist?
What are the qualities, that takes a simple businessperson to touching every corner of the globe?
I think a crucial element is distribution. But something that I've started to realize is how important joint ventures/deals are.
Think about this:
What do Jeff Bezo's and John Rockefeller have in common?
Well, first off, they have/had the most sophistocated distribution system of their time.
The second thing, is Jeff Bezo's had mega deals, 1st with book publishers (which he later screwed over) and then with UPS to get products from 3rd parties to Amazon's fulfillment centers cheaply. John Rockefeller had deals with the rail lines (which he also screwed over when he built pipelines, but that's beside the point).
What I believe the key was to their success? Reinforcing feedback loops. (Look up system thinking)
What is something that creates more of itself?
The most basic answer: money. The more money you have, the more you can invest which creates more money.
The more businesses you own, the more money you create, so you can buy more businesses.
The more deals you have, the more money each deal makes for you, the more people you can hire to make deals for you.
It is exponential. The only limit is how big your mind can think.
What are your thoughts? Do you think it's only possible to become an industrialist in a developing country? (Africa, parts of SouthEast Asia, etc.)
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