Ownership

To enjoy future wealth you must, above all, look to retain ownership of what you are doing. But needs must, sometimes, you argue, and a slice of something is better than nothing. But a slice will not turn your potential into prosperity. It will only allow others to leverage your potential to develop their prosperity.

At Every Opportunity Fight For Every Percentage Of Your Company.

Then hire the best talent to work with you. Do not ever give your shares away as incentives. Now, I appreciate this goes against the strategic thinking of most management books, but I am right. Owners become rich.

What about strategic partnership with other companies? The only ones I have been involved in have not worked because one party has insisted on a minimum of 51% / 49% split. Ergo – one has ownership of the deal. If they need your expertise, then take a percentage of the sales or profits generated. If they do not agree to this then walk away, because they were just intending to use your expertise without reward

For example: The producers of the most successful film trilogy of all time – The Lord of The Rings – did not pay a cent in royalty for the film rights – until finally forced to do so after a protracted litigation.

Most people want to be their own boss. For me unless you have ownership of your business you are not. With ownership you do not have to convince partners, to follow a hunch. If you want advice then hire the best. If something fails you don’t have to say sorry, other than to yourself.

If ownership means building your business slow but sure – then so be it – because it is the one factor that will make you rich when you either come to sell your business or continue to enjoy the profits it generates.

If You Do Not Yet Have Ownership, Then Starting Moving Towards It NOW!

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