Are You Born To Be A Billionaire ? Self Assessment Tool


wealthymatters.comIf you weren’t born a billionaire and are not banking on marrying a billionaire or thinking of taking to crime or plunder in a big way, your best chance of becoming a billionaire is through business. So do you have it in you to become a self-made billionaire through business?

1. CAN YOU QUIT SWEATING THE SMALL STUFF?

Can you quit spending an inordinate amount of time on perfecting your product or service ? Can you instead focus on building your business and its systems ? Do you need to attend to every little thing that goes on in your business or can you delegate?If you can focus on the big picture,you are one step closer to building a big business.

2.  ARE YOU A VISIONARY ? CAN YOU SEE THINGS BEFORE ANYONE ELSE DOES ?

Self-made billionaires like Dhirubhai Ambani and L.N.Mittal were or are  not just great businessmen. They don’t just dominate industries–they transform them and spawn new ones. This requires great vision. Billionaire entrepreneurs do not just work within the confines of the current market, they anticipate things much further afield. They see things that no one else does.

3.  DO YOU HAVE A FIRM BELIEF IN YOURSELF AND YOUR VISION ?

To crack the $1 billion barrier, you need total, unwavering belief in your vision–and an immutable will to pull it off.

4. CAN YOU HANDLE RISKS ?

Do you have the courage and confidence to check fear and doubt and stay the long course.Can you think clearly in the face of danger?Can you stay cool?Can you find ways of managing risk?

5. CAN YOU TAKE TOUGH DECISIONS ?

Can you fire yourself or those closest to you for the sake of your business?You can’t be good at all things and sometimes you have to delegate to people more skilled than yourself.Can you deal with the blow to your ego?Friends and family who invested in your business in the early stages or who worked in it at the beginning are often not able to grow with the business.Can you deal with the guilt and unpleasantness of letting them go? 

6. CAN YOU DEAL WITH AGGRAVATION?

How much of  your need for independence and autonomy can you curb? As the business grows your schedule becomes less your own.You have to delegaate and work with others.You need to accomodate other people’s schedules and  styles of working.You will have investors and board members to appease.

7. DO YOU ENJOY BEING IN THE PUBLIC EYE ?

Companies of any significant size need a public face. Entrepreneurs who thrive on public performances–weekly meetings, shareholder gripe sessions, even television interviews–have an easier time than those who shun the spotlight.You need to have the ability to fill a room and inspire people. If public speaking isn’t your forté,you need to find a confident substitute who can sell your story.

8. CAN YOU BUILD CONSENSUS ?

As you grow your business you will have to take a lot of people with you and accomodate their needs.If you have a my-way-or-the-highway mentality you can’t grow.

About Keerthika Singaravel
Engineer,Investor,Businessperson

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