Saturday, November 20, 2010
It pays to be a drop out...
There are numerous stories of people who have become fabulously successful in business without a formal education beyond school.
Take Tom Monaghan. Tom opened a small pizza shop in 1962 when he was just 23 years old. He had no degree, no experience and just enough money to get started. Initially things did not look good: his firsts week's sales were just $99. By 1987, however, Tom's business had grown to 2500 stores around the world, and turned over $2.5 billion in sales. This grew to 5500 store and $3.5 billion in sales in 1997. In 1998, Monaghan sold 93% of his business - now a chain 0f 6100 stores- and still had no 'education'.
So where did he get the knowledge that made him successgul? Wealth education is about going out and trying things, not being afraid of risks, learning from your mistakes - and your successes!
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