Twenty Billionaires Who Started With Nothing

[Dien Rice]

I found this article I thought others could find interesting to read too...

How some people start with nothing, to amassing wealth to rival Fort Knox!

Twenty Billionaires Who Started With Nothing
http://images.businessweek.com/slide...d-with-nothing

It still is possible to be a big success, even if you're starting with little...

More on this soon...

Best wishes!

Dien

[Dien Rice]

Originally Posted by Dien Rice

Twenty Billionaires Who Started With Nothing
http://images.businessweek.com/slide...d-with-nothing

Here's an informative piece of wisdom from the story of Carl Berg...

http://images.businessweek.com/slide...thing/slides/3

Berg took the hotel job with the goal of meeting someone that would give him a job in investment banking. "My theory worked fine," Berg says and explained that he eventually approached a regular who turned out to be the largest home builder in the country. The man offered Berg a job in the local office.

What I find amazing here was that Berg took a job purely in order to meet the people he wanted to meet - that would help him become a big money-making success. It's a piece of wisdom befitting a wizard...

Many people become successes just this way... They plan to meet a certain person, or a certain type of person, who can help them get to where they want to get - then "strategize" so that this meeting is more likely to happen.

Why not you, too?

- Dien

[Dien Rice]

Here's another interesting story... from the life of John Paul DeJoria...

http://images.businessweek.com/slide...thing/slides/6

At times he was homeless. DeJoria worked his way up in hair care and cosmetic companies before joining with Paul Mitchell in 1980 to launch a hair products company, putting up an initial investment of just $700.

The key thing here is - he started in hair care and cosmetics, and worked in that field. Eventually, I'm sure the business was as familiar to him as the face he saw every day in the mirror. When he launched a company, it was in that same field.

He built on what he knew... It always helps to build a house on solid ground that you're familiar with - and not on unfamiliar ground, which could be quicksand!

- Dien

...that, after clicking on "read the [rest of the] story" link at the bottom of the 1st page, it led to an UNavoidable advertising video (commercial) -- which the visitor is *forced* to view, before proceeding. That is, the rest of the article is held hostage -- the "ransom" being one's eyeballs AND a bunch of seconds worth of attention paid.

"You VIL votch zee ads, UNT you vil LUFF votching zee ads!!"

Cheers.

-- TW

Products and ideas...

More Food for thought with a different connection...

All Starts with a Clean Tongue of course...

Good ol' Bad Breath niche and a few Smart mixed Aged entrepreneurial Thinking and Action takers...

Studying & Learning their Exact marketing plans and Structuring with some Nice added Creativity...

Will give your business in Marketing Specialized products throughout the Web similar Opportunities and Successes...

Especially! ... By Spinning... Testing, Testing, ongoing Testing with YouTube and other Social networking related ideas...

Quick info on The Orabrush Success story...

Definitely worth Studying and Applying into your own business model(s)...
http://www.google.com/search?q=orabr...N&hl=en&tab=wn
http://www.google.com/search?q=orabr...ient=firefox-a
http://www.orabrush.com/free/

Phil

I love where this forum thread is at as I myself am reading a lot of business books and can't get enough ideas as to how and where to start. Hopefully, all the readers of this thread will have what is takes to be a millionaire or even billionaire someday. I have one tip though if one wants to go to the retail industry and that is a Columbus self storage or something similar. Makes you save on storage fees.

If you're interested in the Huge $$$$ making Storage related industry...

Give the following idea(s) some Food for thought into another Up and coming Fresh one...
http://www.springwise.com/life_hacks/storagebymail/

Phil

From what I've read, aside from he knows what he is doing, he loves what he is doing. I think he made it clear to his self of what he wants in his life.

[Dien Rice]

Originally Posted by Phil

Products and ideas...

More Food for thought with a different connection...

All Starts with a Clean Tongue of course...

Good ol' Bad Breath niche and a few Smart mixed Aged entrepreneurial Thinking and Action takers...

Studying & Learning their Exact marketing plans and Structuring with some Nice added Creativity...

Will give your business in Marketing Specialized products throughout the Web similar Opportunities and Successes...

Especially! ... By Spinning... Testing, Testing, ongoing Testing with YouTube and other Social networking related ideas...

Quick info on The Orabrush Success story...

Definitely worth Studying and Applying into your own business model(s)...
http://www.google.com/search?q=orabr...N&hl=en&tab=wn
http://www.google.com/search?q=orabr...ient=firefox-a
http://www.orabrush.com/free/

Thanks Phil!

That's a great link... It shows there is still opportunity - even in relatively "simple" tools, such as this one...

Tongue scrapers existed before - but they have a different design... E.g. see here



http://www.google.com/images?q=tongue+scraper

However, the Orabrush people created a new - perhaps improved - patented design!



Patent protection is part of the "toll position" concept that Harvey Brody talks about, along with the trademark too (though it can be more sophisticated than these concepts too)...

That toll position makes it hard for others to copy them - and to "steal" their profits...

Great stuff - thanks Phil!

Best wishes,

Dien

[Dien Rice]

Here are a couple more...

http://images.businessweek.com/slide...hing/slides/13

Ken Langone
[...] His first fortune came in 1968, when he partnered with Ross Perot to take Electronic Data Systems (HP) public. In the 1970s he teamed with Bernard Marcus to start Home Depot (HD) [...]

Actually, in the above one, I want to highlight Ross Perot more than Ken Langone...

http://images.businessweek.com/slide...hing/slides/14

Ralph Lauren

[...] Next he worked as a clerk at Brooks Brothers, then toiled as a tie salesman—which caused him to decide that men were ready for wider, brighter designs. According to a profile in Time, Lauren sold $500,000 worth of ties in 1967, the year he started designing them for St. Louis-based Beau Brummell Cravats. The next year, he started Polo (RL) with $50,000 from clothier Norman Hilton. The company tallied $5 billion in revenue during its 2010 fiscal year.

Many rich people have a good experience in sales. Such as Ross Perot and Ralph Lauren (among many others).

Not every sales person gets rich - but sales knowhow can help, especially when mixed with a little entrepreneurial spirit - since nothing happens until a sale is made!

"Selling" is not only selling the products to customers, but also selling the idea of your business to investors as well, plus to suppliers, distributors, ...

By the way, another guy connected to Ken Langone is Arthur Blank - one of the other co-founders of Home Depot...

From Wikipedia's entry on him - http://en.wikipedia.org/wiki/Arthur_Blank

After graduating from Babson College, Blank was hired by Handy Dan Hardware, and worked his way up through the company to become a regional manager. He was fired in 1978 for a disagreement with executives.

In 1978, Blank co-founded Home Depot with Bernie Marcus, another former Handy Dan manager. New York investment banker Ken Langone assembled the initial group of investors.

Probably the day Arthur Blank got fired was the best day of his life (with hindsight)! Getting fired enabled him to pursue the opportunity to co-found Home Depot.

If Arthur Blank hadn't been fired - would he be a billionaire today?

Maybe not!

One thing which is good to do is to "Solve Problems In the Direction Of your Goals" (SPIDOG), that's a concept that Harvey Brody teaches. Getting fired - and using that new opportunity to create an unbelievable company like Home Depot - that's a great example of that...

- Dien