Starting as a young school dropout, Lý Gia Thành is now Hong Kong's (China) richest person, with assets of up to USD 28.8 billion.
Li Ka-shing offers 9 secrets entrepreneurs can learn from to achieve success.
Invite people more successful than you to a meal
Always remember to invite people wiser and wealthier than you, or those who have helped your career, to a meal. Do this every month. After a year, these people will bring you tremendous value. Your reputation and influence will grow, and you will also build an image of kindness and generosity.
Addicted to books
When you buy books, read them seriously and remember the lessons and strategies they teach. Sharing what you have read with others in your own words will increase your credibility and strengthen your relationships.
Learn how to sell
It would be great if you could find a part-time sales job. Although difficult, it is the fastest way to learn the art of selling, an essential specialized skill for your future career. All successful entrepreneurs are good at selling. They can sell their dreams and visions. Once you enter sales, you will understand what you should and should not sell. Use your sensitivity to market factors to identify product needs and run your business accordingly.
Do not overspend
Try to minimize spending on clothes and shoes; you can buy them when you are wealthy. Save money to buy gifts for loved ones and tell them your financial plans and goals. Explain that you are saving to support your plans, direction, and dreams.
Learn by helping
Entrepreneurs everywhere need help. Take every opportunity to find a part-time job. This will strengthen your will and improve your skills. You will quickly develop your speaking ability and move closer to your financial goals.
Start planning as early as possible
Your life, career, and happiness are all of your own making. When you are poor, spend less time at home and go out more. When you are rich, stay home more and go out less. That is the art of living. When poor, spend more money on others. When rich, spend money on yourself. Many people are doing the opposite.
Do not let your ego control you
When you are poor, be kind to others. Do not be calculating. Once you are rich, learn how to encourage others to treat you well and treat yourself better. When poor, put yourself out there for others to “exploit.” Once rich, protect yourself and do not let others take advantage of you easily. These are life's complexities that many people do not understand.
Do not flaunt your wealth to others
When poor, let others see how you spend money. When rich, do not show off; quietly spend on yourself. When poor, be generous. When rich, do not let others think you spend recklessly.
Be strict with yourself
When you are young, do not be afraid of being poor. Learn how to invest in yourself to increase your knowledge and standing. Identify clearly what matters and is worth investing in. Try to avoid spending on clothes, but buy a few items that reflect your status. Limit eating out and consider the cost carefully when you do. When inviting someone to a meal, make sure they have bigger dreams and work harder than you do.
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