tracycembor

Writer. Adventurer. Currently working on The Dreamless City, a series of steampunk novels and short stories.

Two Dozen Ways to Become a Multibilionaire

My MBA class this semester is an entrepreneurship class taught by Michael Coles, who started The Great American Cookie Company and turned around Caribou Coffee.  He also set three world records for cycling from one US coast to the other.  His record was 5 days 1 hour 15 minutes.  Each week, Mr. Coles has been inviting some of his “friends” come to class and speak about their entrepreneurial experiences.

(Yes, it is just as awesome as it sounds, which means if you are excited about school stuff, it’s wonderful, and if you don’t like school, well, you might think I’m weird.)

A few weeks ago, Pat Pittard, a recruiter for C-level talent, spoke to the class.  He gave us an interesting list, which I wanted to share.  I also included some of my notes to help make sense of if.

TWO DOZEN WAYS TO BECOME A MULTIBILLIONAIRE

Please note this is not a list of ways to be happy, lead a balanced life, or to become successful, whatever you definition of success is.

  1.  1. LOCATION CANNOT MATTER – You should live where the center of your industry is.
    a. Technology – live in Silicon Valley
    b. Finance – live in New York City
    c. Energy – live in North Dakota (frakking) or Texas
  2. NO RESTRICTIVE RELATIONSHIPS – Your partner should support you and your career.
    a. Intelligent women should not give up their life plan when they marry
    b. Women often destroy their career with their first marriage decision
    c. Women should think about managing their career, not just their family
    d. Marriage partnerships are great if you have one
  3. SHOW UP ON ICE DAYS IN GEORGIA – Go to work because your customers are not in GA.
    a. Customers will remember who was their when they needed them
    b. Managers will notice the extra effort
  4. ASK FORGIVENESS, NOT PERMISSION – Get stuff done.
    a. Break rules, not laws
    b. People spend 2.5 years of their life standing in line
  5. ADD A ZERO – When doing deals, add a zero to the numbers
    a. When borrowing $20,000, ask for $200,000
    b. When selling, sell a Mercedes, not a Ford
  6. NEVER EAT ALONE – You should be networking all the time.
    a. Always have breakfast or lunch with someone, even if you do not need anything
    b. Do not waste time with your colleagues
  7. COLLEAGUES ARE YOUR COMPETITION – do not waste time on the competition
  8. SALERY IS GOOD, EQUITY IS BETTER, EQUITY EVENT IS BEST
    a. Start getting equity into your portfolio
  9. BUY THINGS THAT INCREASE IN VALUE
    a. Don’t buy cars
  10. LIVE IN CHAPTERS
    a. Work-life balance in crap
    b. Balance leads to mediocrity
    c. Put time into the chapters that are most important to you
    d. Dedicate time to your career
    e. Dedicate time in the chapters where you are strong
    f. Forgive your spouse for both of you living in the real world and needing to survive
    g. Opportunities only come once
  11. READ, READ, READ
    a. Never have down time
    b. Get hooked on books
  12. MAKE A STATEMENT
    a. Don’t look or act like everyone else
    b. Be different when you enter into a room
    c. Wear your style
    d. Be yourself
  13. DON’T GO INTO BUSINESS FOR LOVE OR FRIENDSHIP
    a. Don’t be a leader if you want to be popular with people
    b. Do it because you don’t want to work for someone else
    c. You have to be able to make the hard decisions
  14. THERE IS NO WEEKEND
  15. SMART OLD FOLKS ARE SMARTER
    a. Wisdom should be rewarded
    b. Advice and experience come with age
    c. Anyone alive today will live to be 88
    d. Nurture relationships with people who will make a difference
    e. Learn from their advice and experience
  16. ALL BUSINESS IS SALES
    a. Everyone is trying to get someone to do something
    b. You have to be able to persuade people and defend your ideas
  17. LEVERAGE PRO BONO OPPORTUNITIES
    a. Try to have it help you in your business
    b. Non-profits – ask them to put you on the board of directors
  18. DON’T BE AN EMAIL FREAK
    a. Don’t hide behind technology
    b. Cannot make a career off technical expertise
  19. DO FAVORS WHEN YOU CAN
    a. It is not one-for-one, but reciprocity is cyclical
  20. LEARN THE ART OF BEING REMEMBERED
    a. Send a note when you can
    b. Establish a relationship to maintain
    c. Make them remember you and what you do
  21. THE GOVERNMENT IS THE ENEMY
    a. Businesses are guilty until proven innocent
    b. Tax law allows for the above
    c. Find out everything you must comply with
    d. Stay out of the eye of the government
    e. The government will start making life decisions on our behalf
  22. EMBRACE THE WORD NO
    a. You have to be able to handle rejection
    b. Those who get more no’s are the most successful
    c. Don’t be weak or procrastinate
    d. Just ask the pretty girls on dates
    e. It is a numbers game
  23. DO WHAT YOUR BUSINESS DOES WELL
    a. Don’t be staff
    b. You should be an accountant at an accounting company
  24. DON’T BE AFRAID TO FAIL

Robot

I have no idea where this image comes from, but it’s cool.

8 comments on “Two Dozen Ways to Become a Multibilionaire

  1. Katie
    February 22, 2013

    So many of those things sound so intimidating to little ol’ me! But so true if you really want to be career-focused and achieve business greatness. I loved school and wish I would have kept going. That class sounds ridiculously amazing!

    • tracycembor
      February 22, 2013

      Pat Pittard said most people wouldn’t make it past the first two items. I couldn’t do it. The list helps remind me what is important to me.

      • Katie
        February 22, 2013

        It does put some things into perspective that I wouldn’t normally think about. I usually just go through life not actively thinking about what I’m doing with it, ya know? But as the disclaimer says, these aren’t things you should do to be happy…and I think I’d rather be happy than be a billionaire. BUT that’s just me. =) Super interesting stuff though. You have to work your ass off to make a lot of $$.

      • tracycembor
        February 22, 2013

        Or go the silver spoon route and be horribly born that way

  2. Michael Allan Leonard
    February 26, 2013

    Very cool, thanks for sharing this. Some of this seems so straightforward and common sense but so easy to get tripped up by. I think number 10 is probably the best advice — we are so addicted to multitasking and trying to balance everything that you exnaust yourself running from one pole to the next, never mind the energy to keep the plates actually spinning. Get something done, lose sleep over it if you have to. Once you’ve worked hard then take some time to play hard and recharge, don’t try to divide everything up into nice little equal chunks to be spread evenly throughout your day.

    • tracycembor
      February 27, 2013

      Yeah, he spent a lot of time talking about living in chapters. It is better than striving for work-life balance, which I don’t think really exists.

      Jump on opportunities when they come along. You hear that, Universe, I’m waiting. /shakes fist at empty air

  3. Alva
    March 13, 2013

    Frankly, that sounds like a p good list if you want to be miserable. Guess I have different priorities than the people at which that list is aimed.

    • tracycembor
      March 13, 2013

      Yeah, I hope that people realize that maybe they don’t want money that badly. Money isn’t my definition of success. The list certainly helped me get my priorities in order.

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This entry was posted on February 21, 2013 by in Uncategorized and tagged , , , , , .

Posting Schedule for 2014-15

Monday through Friday I will be posting about writing as business and craft, the science of creativity, all things steampunk, and progress on The Dreamless City.

Weekends are reserved for my Music Playlist.

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About the Author

Tracy Cembor attempts to juggle a preschooler and a baby, a full-time job, random geekery, and the writing life. Currently working on The Dreamless City, a steampunk urban fantasy novel. Come join the adventure.
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