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Self Esteem – Billionaire’s Key To Success

March 24, 2013 1 Comment

“All the successful people I knew in life had high self-esteem and all the losers had low self-esteem.”- Bill Bartmann

Bartmann was born one of eight children. His parents were uneducated and so could not get well-paying jobs. As a child he had to move frequently and was even turned out of dwellings because they were deemed unfit for human habitation.He was once part of a travelling carnival. Also he was at one time a high school dropout. He was a teenage alcoholic and a member of a teenage gang called known as the Manor Boys.

When Bartmann was growing up his self-esteem was low. He gives credit to his childhood sweetheart, Kathy, for opening his eyes to this fact. Read more of this post

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The Chobani Story

February 10, 2013 2 Comments

wealthymatters Chobani is a brand of Greek yogurt.Five years ago,the brand had next to no revenue.This year the revenue will be more than $1 billion.The brand grew more than 2662% in the last three years and has made its sole owner,Hamdi Ulukya,a billionaire.

Hamdi grew up milking sheep at his family’s dairy in Eastern Turkey. He ate the thick, tangy yogurt of his homeland day and night. He claims that his mother made the most amazing yogurt and that he and his five brothers fought over who would get the scrim of cream on the surface.

After studying political science in Ankara University,he came to New York City in 1994 to learn English. Uncomfortable in the city, Hamdi moved upstate, where he found farm work while attending classes at State University of New York at Albany. Read more of this post

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Poor Trillionaires

February 1, 2013 7 Comments

Wealthymatters On the left is a complete set of bank notes from Zimbabwe ranging in value from a single Zimbabwean Dollar to 100 Trillion Zimbabwean Dollars.

Zimbabwe’s economy went into free-fall at the turn of the millennium, after President Robert Mugabe began seizing white-owned farms. The move demolished investor confidence, paralyzed production, prompted sanctions and scared off tourists.Since then, in the intervening dozen years or so,the country suffered hyper-inflation of 231 million per cent.This series of bank notes is now abandoned and replaced by foreign currencies in Zimbabwe.However they are hot collectibles for bank note collectors the world over. Read more of this post

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T. S. Kalyanaraman – Newly Minted Billionaire

January 24, 2013 Leave a comment

wealthymatters As per Bloomberg’s calculation T. S. Kalyanaraman ,Chairman and Managing Director of Kalyan Jewellers, the largest jewellery chain in India, is now a billionaire.This is his response to the news:“I don’t calculate my net worth.I am more keen to trade, develop my brand, but you may be right.”

Here is his story in his own words:

“My family has been in business for the last 110 years. It was my grandfather, T. S. Kalyanaramaiyer who first moved away from priesthood and became a businessman.He moved from Kumbakonam to Thrissur to start a textile mill. I think it was in the 1930s that the mill was taken over by the government and that was when he decided to start a textile shop.Later, my father Seetharamaiyer joined him followed by myself and my four brothers. Now, my sons also have joined the business. Read more of this post

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Sam Walton: 10 Rules For Building A Successful Business

January 20, 2013 Leave a comment

wealthymatters.com In his autobiography ‘Sam Walton: Made In America’ ,in chapter 17 titled ‘Running a Successful Company:Ten Rules That Worked for Me’,he lays out his rules for building a successful business.Here is the extract:

Rule 1: Commit to your business. Believe in it more than anybody else. I think I overcame every single one of my personal shortcomings by the sheer passion I brought to my work. I don’t know if you’re born with this kind of passion, or if you can learn it. But I do know you need it. If you love your work, you’ll be out there every day trying to do it the best you possibly can, and pretty soon everybody around will catch the passion from you — like a fever.

Rule 2: Share your profits with all your associates, and treat them as partners. In turn, they will treat you as a partner, and together you will all perform beyond your wildest expectations. Remain a corporation and retain control if you like, but behave as a servant leader in your partnership. Encourage your associates to hold a stake in the company. Offer discounted stock, and grant them stock for their retirement. It’s the single best thing we ever did. Read more of this post