Thursday, December 8, 2011

The Great Secrets of Warren Buffet Revealed!!

While I may not agree with Warren Buffet's politics, there is no denying that his business decisions have led him to become one of the wealthiest people in the world.  So how does Buffet do it?  Is he just so much smarter than the rest of us that he can make decisions that we could never understand or grasp?  The answer is no! And I think his formula for success will surprise you.

When Warren Buffet decides to purchase a company, or purchase the stock of a company, he does a few basic things.  First, he does a thorough analysis of the numbers, especially the company's balance sheet. If the numbers are agreeable, he will then spend considerable time meeting with key people in the organization, getting to know them, how they run the business, how they treat their staff, suppliers, and clients.

If all of these things are in place and favorable, Warren Buffet then asks himself three simple questions:
  1. Do I like the key people?
  2. Do I trust them?
  3. Do I respect them?
If any of these questions results in a "no", the deal is off.  Period.  No grey area.  No flip-flopping.  It doesn't matter how good the numbers look, or the potential for growth.  These three, simple powerful questions are the foundation for Warren Buffet's success.

There are a lot of high-quality, excellent, respectable people out there looking for a job.  So, whether it is a relationship, a marriage, a business partner, or you are hiring a sales team, choosing the right people is critically important to your future health and wealth.

Choose carefully!

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