The Self-Made Billionaire Effect (Review and Analysis of Sviokla and Cohen's Book)
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About this ebook
This complete summary of the ideas from John Sviokla and Mitch Cohen's book "The Self-Made Billionaire" highlights a key difference between high-performing executives and self-made billionaires; while executives tend to be performers, self-made billionaires are producers. To explain the difference between these two, the author uses five distinctive categories; ideas, time, action, risk and leadership. The way a self-made billionaire deals with each of these things is different than most businesspeople and so this is a key aspect of their success. If you want to make big money, look no further than this must-read summary!
Added-value of this book:
• Save time
• Understand key concepts
• Increase your business knowledge
To learn more, read "The Self-Made Billionaire" and learn how, by changing your habits, you could become a billionaire.
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The Self-Made Billionaire Effect (Review and Analysis of Sviokla and Cohen's Book) - BusinessNews Publishing
Book Presentation:
The Self-Made Billionaire Effect
by John Sviokla and Mitch Cohen
Summary of The Self-Made Billionaire Effect (John Sviokla and Mitch Cohen)
Book Abstract
MAIN IDEA
Growing a business from nothing to a billion-dollars in valuation is an impressive achievement. So too is any individual who amasses more than a billion-dollars in personal wealth. The fact is there are around 800 self-made billionaires in the world today and since 1987, their net worth’s have been growing three times faster than the world economy.
So what are they doing right? In a nutshell, self-made billionaires look at the world differently. They are producers rather than performers.
The majority of business executives tend to be performers – hugely talented people who excel at optimizing existing processes and products. They win all the awards, get accolades and then usually promote other performers to succeed them.
Self-made billionaires, by contrast, are almost always producers. They have the innate ability to envision something new, to bring together the resources needed to make it happen and then to sell it to customers who didn't even know they wanted it before they saw it.
Producers think differently from performers and have five distinctive habits of mind:
Ideas: Empathetic imagination
Time: Patient urgency
Action: Inventive execution
Risk: Relative, not absolute
Leadership: Team with performers
The key to harnessing the self-made billionaire effect is to think and act like a producer, not a performer.
About the Author
JOHN SVIOKLA is head of Global Thought Leadership at PricewaterhouseCoopers (PwC). He consults with a wide range of clients about innovation, strategy and leadership. He was previously vice chairman and chief innovation officer of Diamond Management & Technology Consultants and taught at Harvard Business School for twelve years. He is also a frequent keynote speaker at executive forums and has been