When Dave Skol (a blogger) was aboard a ship at sea, sitting at a dining table, a millionaire who owned and ran 10 companies was also on board.

Dave Skol struck up a conversation with him, and they talked for a long time. The conversation led the man to share several pieces of advice with Dave Skol, based on his own experience.

The millionaire’s name is still unknown because he dislikes publicity. He began his career as a quality auditor working with ISO 9000 quality standards, which had a significant impact...

...on him and taught him a great deal in his professional life, as well as shaping the way he later managed his companies and businesses. Before we begin, although he owns and runs 10 companies, he used to...

...spend plenty of time relaxing with his family from time to time.

Millionaire Dave Schools’ Advice:

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First Tip – Multiple Income Streams:

This millionaire, Dave Schools, says: “If you look at any one of my companies, you’ll find it’s a small company that won’t impress you. It’s a traditional business.”

It may be small, but it generates a substantial and growing income. More importantly, it provides customers with high-quality services. Now apply the same approach to the other nine companies.

You’ll find that income has grown to millions per year—and, more importantly, it comes from multiple sources. If one or two companies run into trouble, the other companies

can help keep your income high.

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Second Tip – Don’t Take on Partners:

If you’re able to start a company on your own, don’t take on partners. The more partners there are, the smaller each person’s share of the profits, since the profits are divided among them. You’ll also

face other challenges, such as having to fight to get your point of view across on a particular issue, or delays in completing company tasks. Learn the

skills you need to start a company on your own from a reliable source. Develop yourself, start a company—even if it’s small at first—and grow it. Then, when

To succeed, start by hiring the right, skilled employees.

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Third Tip – Understand the Market:

The millionaire says his companies operate in smaller markets, not big cities. He found that smaller markets lag behind larger ones by 2–3 years.

What generates a big profit in a large market may not do so in a smaller market. But give it two or three years, and it will become popular there.

اقبال كبير.

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Fourth Tip – Be Very Careful About Whom You Hire:

Employees take on different roles within the company because they have a broad range of skills. For example, the woman at the cash register does another job in

her spare time, such as quickly logging on to the internet to post on the company’s social media accounts between customers. In addition, every company manager

is trained to the highest standard in how to manage the company and all its operations, supported by a plan to motivate employees through pay raises or a share of the company’s profits.

When a manager wants to buy a new product to sell in stores, they have a dedicated bank account they can spend from. When they want to order additional units,

they must first sell the previous units and deposit the proceeds in the bank, ensuring they can buy more inventory to sell.

This millionaire says he looks for specific people who do their jobs to the best of their ability without making excuses, take full responsibility, and do everything they can to carry out

what is expected of them and what they are responsible for. When I find these employees and make all of this work successfully, I have time to sail around the world with my family and can

relax whenever I want. This is because I trust my employees and know they are working hard to protect the company.

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سؤال هام:

When Dave Scholes asked this millionaire, “How do you do so well in business?” he replied that each of his ten companies has a mission

There’s only one way to put it simply: success in business doesn’t mean changing the world. It means meeting a market need with a high-quality, precise product,

at a fair, reasonable price—while making sure your income and profits exceed your expenses.

The millionaire paused for a while, then said to Dave Schools, “You may be thinking that all of this goes against conventional business wisdom. Partnerships are essential in

some situations, and having employees take on multiple roles can be a mistake if one responsibility overshadows another. Operating in a small market carries significant risks, such as تقلب السوق

instability due to intense competition. But the response to all this had a profound impact on Dave Schools: there are times when you have to break the rules.

And this advice comes from someone who broke all the rules—and achieved great success.