The Narrow Road: A Brief Guide to the Getting of Money
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One of the world's most successful media moguls shares eighty-eight tips for starting a business and getting rich.
In How to Get Rich, British mogul Felix Dennis told the engaging story of how he started a media empire and became one of the wealthiest men in Britain-all without a college degree or any formal training.
Now he shows readers exactly what it takes to start a business and make it successful. Dennis offers a pithy guide for those determined to attempt what he calls the getting of money-regardless of the consequences. His eighty-eight tips include:
? Do not fall in love with any project. You may believe in it wholeheartedly, but must remain prepared to abandon it should it show signs of failing.
? If you are unwilling to fail, sometimes publicly and even catastrophically, you will never be rich.
? You will never get rich working for your boss.
No one knows better than Dennis what it takes to get rich, and his battle-tested advice-delivered with his signature wit-will surely appeal to serious entrepreneurs.
invaluable. Treat such introductions with respect and reverence. In such circumstances, it is better to appear overly deferential than too familiar. Raising capital is an odious task. But look at it this way. Those who dream of becoming rich but will not abase themselves to do it will become your employees. They will remain wage slaves. You are going to become rich. 31 On Raising Capital: IX. Fifty-one Percent Investors Again, you are reading the wrong book. Very, very few
to impress others and to succeed. Last, the promotion of these Young Turks will encourage meritocracy and unravel cronyism, at least for a year or two. While not a strategy for the faint of heart—and not likely to be welcomed by existing management—the repeated third-stage introduction of waves of Young Turks will maximize profits by ensuring a company’s sustained performance over decades. After all, there is only one sacred cow in your organization. No prizes for guessing who that might be.
no more need be said. The folly, on the other hand, usually takes the form of a peculiar and pernicious affliction, known colloquially as the “not invented here” (NIH) syndrome. I would place this affliction very high on the list of reasons preventing individuals and companies from achieving major success. Why managers and owners should be loath to emulate success is puzzling, but even a condensed history of resistance to change in commerce would fill an entire library. The result of such
it, not how your creditors see it, and not how the tax authorities see it. A limited-liability company is a legal entity. In theory, it is immortal and has rights and duties just as you do. It cannot be used as a personal milk cow to drain at will. You can certainly milk it, but only within reason, only when there is enough milk, and only in certain ways. If you deviate from permitted methods of milking it, you can find yourself in a heap of trouble rather quickly. All money you take from your
money markets for a financial institution. Certainly it can be done, but the success rate of those who take the plunge into personal-wealth generation in middle age is depressingly low. At best, money made working for others can provide seed capital. Such seed capital is not to be despised, however. Those who lend money to entrepreneurs are often encouraged by the level of commitment demonstrated by the risking of an applicant’s seed capital. Few, then, earn sufficient capital to launch out on