Financial Management

Posts Tagged ‘Bill Gates’

Negotiation Preparation by  Bill Gates
bill  gates in 1980, Bill Gates was only 24 years old and about to hold negotiations with the giant IBM. At that time Microsoft was a small company with assets of about 7 million U.S. dollars. When compared to IBM, Microsoft no match is worth it. At that time, IBM managed to enjoy the fantastic sales figures amounting to 30 billion dollars per year.

“Big Blue”, so IBM had nicknames, intends to acquire the work of Microsoft to make his way to develop personal computers. IBM considers Microsoft-smaller-can serve as a springboard for  business.

At the talks held, Gates as Microsoft’s top leadership with a very cleverly preparing the strategy in dealing with IBM. IBM wishes to purchase an operating system from Microsoft is worth 175,000 U.S. dollars. Gates, who realizes that IBM will use Microsoft’s program code in a variety of machines later, flatly rejected the offer IBM.

Not only refused, Gates also persuaded IBM to enter the ‘trap’ of its own. Gates insisted on holding the ownership of MS DOS, and prefer to wait for royalty income. In addition, Gates also retain the right to grant a license for using MS DOS to anyone other than IBM’s. The results of these negotiations proved to be very detrimental to IBM in various aspects, especially financial.

We often ask business and financial advice to people who have no experience in this area, gross error, is like asking an ice cream to give us tips on how to build a building.

If we have good advice to read and talk to people a lot of experience and recognized success. If they did it, we can do it and better, if we follow the guidelines they followed to success.

Carlos Slim and Bill Gates are among the wealthiest businessmen in the world according to Forbes , recently shared some tips on what to them helped them reach the top.

Secrets of Carlos Slim are:

1. Worry about having simple structures with minimal organizational hierarchies, with human development and internal training of executive functions.

2. Encourages flexibility and speed of decisions.

3. Maintain austerity in times of plenty, this strengthens, profits and accelerates the development of the company.

4. Show yourself always active in the modernization, growth, capitalization, quality, simplification and continuous improvement of production processes.

5. Increase productivity and competitiveness, reducing costs and expenses always guided by the global benchmarks.

6. The company is limited to the neck size of the owner or administrator.

7. There is no challenge we can not achieve by working together with clarity of purpose and knowledge of the instruments to achieve them.

8. The money that leaves the company evaporates. So you must reinvest profits.

For his part, Bill Gates suggested:

9. He works tirelessly, set your goal and struggle with determination to attain it.

10. Be sure to make good decisions. Analyze your options, get advice and learn from the experience to make the best decisions ever.

11. Customer satisfaction and your commitment to fulfill what is offered should be as strong as your desire to succeed.

12. Never let others tell you that something is not possible, just for the fact that they can not.

13. Believe in yourself, believe in your team and believe in your company is essential.

14. Avoid bureaucracy in your organization. Eliminate unnecessary or cumbersome processes and especially promotes communication.

15. Establish your own identity as a company.

16. Jealously guard your expenses. Maximizes the intelligent use of resources.

17. Always surround yourself with smart people and even “smarter” than you.

Which of these tips is that you like yourself?

There was a one-hour interview on CNBC with Warren Buffett, the second richest person in the world, who donated $ 31 billion dollars to charity. Here are some interesting aspects of his life:
1 .- He bought his first share at age 11 and now regrets that he started too late!
2 .- He bought a small farm at age 14 with savings from delivering newspapers.
3 .- He still lives in the same small 3-bedroom house in Omaha that he bought after he married 50 years ago. He says he has everything he needs in that house. Her house has no fence or gate.
4 .- He drives his own car everywhere and does not carry a driver or bodyguard.
5 .- He never travels by private jet, although he owns the largest private jet company in the world.
6 .- His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls regularly.
He has given his CEO’s only two rules:
• Rule 1: Do not lose any money from its shareholders.
• Rule 2: Do not forget rule number 1.
7 .- He does not socialize with people of high society. His pastime after he gets home is to prepare some popcorn and watch television.
8 .- Bill Gates, the world’s richest man met him for only 5 years ago. Bill Gates thought he had nothing in common with Warren Buffett. So he had scheduled the meeting for only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffett.
9 .- Warren Buffet does not carry a cell phone, nor has a computer on his desk.
10 .- Her advice to young people:
Stay away from credit cards and invest in yourself.
REMEMBER:
A. The money does not create man, but was the man who created money
B. Life is as simple as you make it.
C. Do not do what others say. Listen, but do what makes you feel better.
D. Do not go for brands. Just wear those things that you feel comfortable.
E. Do not waste your money on unnecessary things. Spend on those who really need it.
F. After all, is his life. Why give others the opportunity to drive?
G. If money is used to share with others, then why does it work?
HELP BUT CAN NOT DO IT, THERE WILL ALWAYS BE BLESSING FOR THOSE WHO CAN SHARE.