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:
- Do I like the key people?
- Do I trust them?
- Do I respect them?
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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