Aust Millionaire "Dick Smith" Reveals his Success Secret

In an interview which just aired on the Unwatched Govt TV channel ABC, Aust entrepreneur and multiple millionaire Dick Smith revealed his secret of success as...

Copy other people's success (copy the best from around the world), ask advice, work hard, and watch the botton line. Also, be organised.

When asked How he applied that to his Electronics Store he said... electronics stores Used to be where you walked in, stood in line and the guy behind the counter got your stuff - but - the best stores overseas had a checkout and let you walk around the store and get the stuff from the shelf yourself. Also, the best stores had catalogs. He copied both of those things and revolutionised the electronics business in Australia.

He also said most people are Afraid to ask for advice.

So there you are. Simple eh? - Copy the best and ask advice.

Michael Ross

[Ankesh]

Thanks Michael for sharing Dick Smith's secret of success.

To take it one step further:

"Copy from one, it's plagiarism; copy from two, it's research." - John Milton.

Copy from more than one. Take advice from more than one person. Mix 2 good ideas and you'll come up with 1 great one.

Case in point: Henry Ford and how he mixed the meat packaging industry's ideas with the automobile industry.

(Its a good idea to study "gestalt" for people who are very curious about systemizing the process of mixing ideas. But most people just need to keep their eyes and ears and minds open and let their intuition do the work for them.)