Business Lessons From The Richest Man In The World: Carlos Slim

Business Lessons From The Richest Man In The World: Carlos Slim

"When you live for others' opinions, you are dead. I don't want to live thinking about how I'll be remembered."

"I think one of the big errors people are making right now is thinking that old-style businesses will be obsolete, when actually they will be an important part of this new civilization. Some retail groups are introducing e-commerce and think that the "bricks" are no longer useful. But they will continue to be important."

"When there is a crisis, that’s when some are interested in getting out and that’s when we are interested in getting in."

"When we decide to do something, we do it quickly."

"I don't believe in working 20 hours or 16 hours or 14 hours. When you work too much, it is because your job is beyond you. If you need to work 15 hours, 16 hours, this is because you're not organized. You don't have delegation of your responsibility, and I don't believe that in any business, in any activity, you need to work 15 or 16 hours, and you don't have time for yourself or for your family or for anyone."

"All times are good time for those who know how to work and have the tools to do so."

"I’m a paper man, not electronic. My children gave me a lap top for Christmas, but all I know how to do so far is push the on button."

"I spend most of my time studying new technologies. My main task is to understand what's going on and try to see where we can fit in."

"We started doing something similar for Telmex employees about a year ago. We sold 28,000 computers at a very low, accessible price to employees. Eventually, we want all of the workers in several of our companies to have computers so that they and their families can use them. You can't attend your Internet clients well if you yourself don't know how the system works."

"First, you begin creating your organization with a team of salesmen, not with one. You need to create many hundreds of salesmen to go to the market to offer the product. What you can do, maybe, if you are going to begin, is to find which area the casualties are lower, the risks are lower, because there are less stolen cars and accidents, and you can begin in this place. You will begin selling one maybe at 11 o'clock, but at 5 o'clock, maybe you've sold 100, and 200 next day, and 600 and 1,000, and as much as you go there, you're taking a statistical risk."

"Do not allow negative feelings and emotions to control your mind. Emotional harm does not come from others; it is conceived and developed within ourselves."

"Live the present intensely and fully, do not let the past be a burden, and let the future be an incentive. Each person forges his or her own destiny."

Learn more about Carlos Slim's strategy.

Comments

[JA Guerra]

Oh yeah, nice strategies even better when you own a monopoly.

[Batangas Real Estate]

Nice words form a rich man. In every successful businessman or business tycoon there are motivations for them to reach their goals. Glad you shared it with us. Carlos Slim is a positive man that's why he succeeded.