Handling Business in a Rich Man’s Way.

Our society is filled with the rich always increasing in wealth while the poor always remain at the level they are, this idea is not limited to a certain geographical region as it has become a popular statement that the rich get richer while the poor also remains poor.

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There must be something that keeps the rich at the level of being rich and that is what we are about to find out through this post.

Using People’s Skill: The rich know how to effectively use other people’s skill to create wealth for themselves unlike the poor who try to do everything by themselves. If a rich person begins a business today, his vision is to satisfy lots of customers so he employs the likes of sales manager, marketing manager and others who will be able to meet the needs of every customer, but a poor person will try to manage funds and decide not to employ anyone, at the end of the day he is not able to meet the needs of customers and they leave one after the other vowing never to return.

Note that customers leave the poor man’s business and rush quickly to the rich man’s business place where satisfaction can be ascertained this way the rich man is making more money even while employing more hands.

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Getting loans for the right reasons: The difference between a rich and a poor business man is the rich business man gets loan to continue growing his business while a poor business man is solely focused on gaining liabilities.

I do not know if this happens everywhere but in my geographical location, the local business owners here form organizations where they buy clothes for parties and through my observation there has never been any time for promotional discussions. In order to meet up with standards, some of the women who are part of the organization loan money to get these dresses and they begin to pay back from their business money (I do not see a business growth happening here).

Rich people know how to obtain knowledge: While the poor business man is more focused on trial and error, a rich man gets mentorship and receives skilled training, what it would take a poor man seven years to learn, a rich man will learn from mentorship in seven hours (did you notice the difference over there). The rich people in business find time to read books, to gain knowledge from the experience of others.

So anytime it appears as if a business is regularly booming while a similar one is failing, check for the loop holes, you will realize that while the rich is building a business of the future, the poor man is building a business of the moment.

I hope you are staying safe friends and enjoy your night rest( I am judging from the time over here).