In my wealth creation seminar, I will show my audience my financial background qualifications stretching back to 1994, company profile, my investment live account and importantly my 11 years consistent investment results with documentation proof. In fact, during the last weekend event in KL & Penang, some participants walked to me and expressed disbelief that I even shown them our company ACRA with paid up capital! Why do I do that? To boost? No, I did it for 3 reasons; 1. Asians are generally too polite to ask and verify the information presented to them. Hence, some sneaky entrepreneurs or marketers or self proclaim authors take full advantage of it by showing BS information without the fear of being question. The west term it as Fake It Till You Make It. I have seen it and have a strong disdain of such practices. One usual practice is they claim that they have help so and so or some companies to create great results in a super fast time period. Usually, I just smile because its only partially true. First, business is a team sport. No one can claim 100% credit for the results achieved. Second, if they are really that instrumental in the results creation, why are they not continuing the lucrative relationships? There is a difference between a Shooting Star and Sustainable Result. 2. Most people have little knowledge how to do proper due diligence. For example, when someone tell you they have generated multi-millions dollar in the business before and therefore they are successful entrepreneur and earn the right to partner or teach you business. Did you ask them to show you their audited financial record and their contractual records? I did. In fact, I dig out the past company records that some of these guys ran and to my surprise, the suppose successful entrepreneur destroy shareholders value because the firm was bleeding money year after year. Many claim that they can provide strong support and do many wonderful projects. Have you ever ask how big is their operation team? How many full time staff do they have? Or are they the type who outsource everything and want to impress you with care free lifestyle? Is eBay, Amazon, Alibaba, BreadTalk, Apple, OCBC, BlackRock alike run by the founder and his/her assistance only? Even one of the leanest multi-billions holding company, Berkshire Hathaway HQ has 22.5 staffs (stand to be corrected but it should be under 30). 3. This keep me and my team on our toes to ensure we must always seek ways to grow and improve, practice transparency and accountability to all our stakeholders. And this mindset since day 1 has helped us tremedously in our upcoming milestone when one of the toughest regulating authority gives us a thumb up with no questions asked. In fact, because of this upcoming milestone, it has enhanced our team capability in conducting due diligence and verification process. It also help us to differentiate the heroes from the zeros, the real deal from the BS and see clearly from smoke screen that some questionable characters throw out in the public. We are still learning and will continue to create massive sustainable value to our stakeholders practising a strong corporate governance culture. P/S: Be careful who you learn wealth creation or take investment advise from. It might cause you more pain than gain. Discover how You can select and Invest in the Right Company with the Right Management with the Right Price and Generate Massive Capital Gain with Pure Passive Income While You Sleep, The Warren Buffett Way. Register here valuegrowthworkshop
Posted on: Wed, 12 Nov 2014 04:56:13 +0000
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