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Making A Million Dollars The Easy Way


wealthymatters

Making a million dollars is not as complex as many people believe. Play with the numbers.

Earning $1,000,000 can be:

250,000 people spending $4
100,000 spending $10
50,000 people spending $20
10,000 people spending $100
1,000 people spending $1,000

OR

What if you had a product or service that you charged $83 per month for?  You would only need 1,000 customers to earn $1,000,000 per YEAR. Read more of this post

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India Wealth Stats


If you have ever wondered exactly where in the wealth pyramid you are in India and in the world,here are some stats to help you gauge your situation:wealthymatters

All About Billionaires


All about billionaires

The Tata Way


wealthymattersHave you ever wondered what makes a business last many generations? If so, the Tatas can teach you some things.Tata began operating as a trading firm in 1868.Today,the business consists of round a 100 professionally managed companies. Read the essay below by Ratan Tata to get an idea of the attitude that builds multi-generational businesses:

“I believe it’s really important to have companies survive over the longer term. I hate to see major corporations disappearing from the scene because someone has cashed out, because the managers have been unable to escape their comfort zones, or because boards have not been sufficiently nimble to change with the times. When these things happen, decades of effort and innovation go to waste. It’s bad when businesses don’t fight it out, whether the enemy is a competitor’s new product, an industry-transforming innovation (such as transistors), or the impact of something clearly outside a company’s control (like climate change). Read more of this post

Don’t Underestimate The Power Of Enduring Companies


wealthymattersHere is an excellent essay by Marcus Wallenberg,chairman of SEB (Skandinaviska Enskilda Banken),founded by his great-great-grandfather in 1856. He also serves as the chairman of Saab and Electrolux and sits on the boards of directors for Investor AB and AstraZeneca, among others.

Joseph Schumpeter focused his attention largely on new businesses and their role in eating the breakfast of established companies. But in my view, “intrapreneurs”—risk takers on the inside—are just as important as entrepreneurs in promoting new ideas and new technology.

Read more of this post

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