Page 168 - Midas Touch

evolve into the B and I quadrants. Today, businesses are doing business
worldwide in an instant. That is why there are so many young millionaires
and billionaires in their twenties.

Although technology makes it easier, entrepreneurs still need great
relationships to advise, guide, and help them grow into the B and I

quadrants. For entrepreneurs to attract better people, entrepreneurs must
become people of better legal, ethical, and moral character. They must
become smarter too.

Even if you have very little money, not much real-world business
experience, and few friends who are entrepreneurs, look at your business
as your own personal business school and personal-development program.
There is much to know. Your relationships are your instructors. The more

you grow, the more your business grows.

Points to Remember | Things to Do

Not everyone is cut out to be a partner and not everyone
needs a partner. But partners that have different skills from
yours can be very valuable.

Partners won’t always agree. But if you don’t come out of
disagreements with a better idea, the partnership might be a

bad one.
There are many types of people you will have to work with.

Approach them from their needs, not your own.
You’ll need investors to grow. Part of developing solid

relationships is respecting their time, their attention and
getting right to the point with a quick pitch.
Taxes are a big issue as you move from E to S, and then

from S to B and I. Do not overlook this important aspect of
business management. Develop relationships with the best
tax advisors you can find.
In the end, the more you grow through the people you

surround yourself with, the more your business will grow.

Be picky.