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Discover the secrets to mastering business management in this video featuring insights from Robert Kiyosaki and Vic Keller, two influential figures in the business world. From cultivating a winning mindset to implementing efficient systems, they offer practical advice for entrepreneurs at all levels. Vic Keller, a seasoned entrepreneur and investor, shares his wealth of experience, having founded 14 companies across various industries. Learn essential strategies for success, from understanding your business and managing finances effectively to maintaining a strong personal commitment and securing adequate funding.
Robert Kiyosaki is an entrepreneur, investor, author, and motivational speaker best known for his book "Rich Dad Poor Dad." This book, published in 1997, has become one of the best-selling personal finance books of all time. In "Rich Dad Poor Dad," Kiyosaki shares the financial lessons he learned from his two "dads" - his biological father (his "poor dad") and the father of his childhood friend (his "rich dad"). Through this book and his subsequent work, Kiyosaki promotes financial education and advocates for entrepreneurship and investing as pathways to financial independence and wealth accumulation. He has written numerous other books and is a popular speaker on topics related to personal finance, investing, and entrepreneurship.
About Vic Keller:
Vic Keller's entrepreneurial spirit has led him to found 14 companies and own 16 businesses in manufacturing, tech, and the outdoor industry, among others. His journey from JP Morgan to the successful founding of the ZAK companies, later acquired by Berkshire Hathaway, exemplifies his ability to scale and transform businesses. Today, as the founder and CEO of KLV Capital and Experience Ventures, Vic continues to inspire with his investment and mentorship prowess. An avid adventurer and dedicated family man, Vic lives by the belief that an extraordinary life is attainable through developing others every step of the way.
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How to Succeed in Managing a Business?
Being successful as a business owner requires more than coming up with a brilliant idea and working hard. You need to learn how to manage and grow your business. In the process, you’ll face numerous challenges, and your ability to meet them will be a major factor in your success. To give yourself a fighting chance in making a success of your business, you should do the following: Know your business. It seems obvious, but it’s worth mentioning: successful businesspeople know what they’re doing.
They’re knowledgeable about the industry in which they operate (both as it stands today and where it’s headed), and they know who their competitors are. They know how to attract customers and who the best suppliers and distributors are, and they understand the impact of technology on their business. Know the basics of business management. You might be able to start a business on the basis of a great idea, but to manage it you need to understand the functional areas of business-accounting, finance, management, marketing, and production. You need to be a salesperson, as well as a decision maker and a planner. Have the proper attitude.
When you own a business, you are the business. If you’re going to devote the time and energy needed to transform an idea into a successful venture, you need to have a passion for your work. You should believe in what you’re doing and make a strong personal commitment to your business.
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