Scalability - the key to becoming wealthy

Every generation needs a revolution - an entrepreneurial revolution

I have seen some businesses of my progeny.  They invest in rental properties.    I doubt whether they can be wealthy doing this.

This reminds me of a story about a story of a Chinese businessman in Central Luzon whose initial business was selling office supplies.   He was selling to a govt office engaged in lending to residential homes.  So he bought and sold residential units one at a time.  Someone advised him he would not get rich that way.  The only way to be wealthy as a realtor is to develop large residential subdivision.  Which he

did 

This similar to inventions that can be patented or whose production can be controlled.  A potato farmer became rich by inventing a machine that peels potatoes by the millions.

I saw Australian businessman building hundreds of houses.  Only workers?  Himself and a secretary.  Everything else is contracted out

Can you think of scalable business?

Key learning from AGSB Iloilo guest entrepreneurs

Rizal   Philippines   |    January 10 2014

What were the key take home points from the two guest entrepreneurs we had:   Felix Tiu and Buddy Silva?.

Felix Tiu emphasized the importance of opportunity -  opportunity must be just beside you or within your experience.  His plane seat mate was source of important information in business which he referred to his friends.   Travelling abroad let him know about automatic candy making machine.   His inability to sell a foreclosed asset let him in the real estate development business.  That is why if you see his business, they are diverse and may  be unrelated to one another because they were driven by availability of the opportunity.

Buddy on the other hand underscored the context, the importance of the why rather than the how, and the adaptability, the openness (context) of the entrepreneur towards content to let him understand new business and innovate.