Friday, July 9, 2021

Above everything else, preparation is the key to success

 

The title above is actually taken from a quote of Henry Ford, Founder of Ford Motor Company.

It stresses how important preparation is before starting any business ventures!

Sam Walton who founded the largest retail store in the World, Walmart, bought a retail franchise first and succeeded as a franchisee, years before he started Walmart. His experience as a franchisee in retail business taught him a lot about success in the retail world.

Thomas J Watson made preparation first for 5 years before he made a move to combine 3 companies into the famous International Business Machines or IBM.

Before you embark upon your action to turn your dreams into reality, prepare first by having a mentor who has done it all in business. 

If you can't find a mentor, indulge yourself in reading. Reading can help you learn from the failures of other entrepreneurs and investors. Reading can lead you to success!


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