Showing posts with label wealthy. Show all posts
Showing posts with label wealthy. Show all posts

Sunday, May 26, 2024

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?