Page 84 - Midas Touch

able to manage 10 to 20 people just like themselves, but
they cannot handle larger groups of people with different
skill sets and different backgrounds. They may be good
one-on-one, but they are weak one to 100, one to 1,000, or

one to 1 million. Thanks to our leadership training, both of
us have influenced millions of people throughout the world.

Five Elements of Business Operation

The outer three integrities on the B-I Triangle’s perimeter give power to
the interior five integrities which are generally taught by traditional
education. When even one of the three integrities of mission, team, and
leadership is weak, the interior five integrities cannot possibly hold their
shape. Problems inevitably occur, and businesses either stall, falter, or

outright fail. When a business is having trouble, look at this triangle. In
nearly every case, you will be able to pinpoint the source of the problem
within one or more of these 8 integrities. Let’s look in detail at the other
five:

Product
Most new entrepreneurs say, “I have a great idea for a new
product.” As you can see from the B-I Triangle diagram,

product takes up the smallest area of the triangle. While the
product is important, it is the least important integrity. You
might be surprised at that, but think about this. The world is
filled with great products, many of which never make it to
market or, when they do, die a quick death. The world does
not lack great product ideas—you’ve probably had many of
them yourself. What the world lacks are great entrepreneurs

who can bring great products to life.

Most new entrepreneurs focus only on the product. They
spend all their time honing their ideas and may even
contract with companies that promise to advise them and
develop prototypes. It takes a lot of money and a lot of

time. In the end, the prototypes usually end up, not in
stores, but tucked away in boxes, forgotten. A great