By Nick Gardner
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Extra info for How I made my first million : 26 self-made millionaires reveal the secrets to their success
Play to your strengths: acknowledge your weaknesses and delegate them to someone who is good at them. 4. Stick to your core business and really ensure you are delivering what you promise. 5. Customers are not dependent on us. We are dependent on them. 6. Plan ahead for your outgoings so you are not hit by surprise bills that can cripple you. The Power Of Flowers established 1999; thirty-Â�five employees; $5 million-Â�plus turnover For Jonathan Barouch, chief executive of Australia’s leading online florist, life really is a bed of roses.
So I find myself asking them questions, probing to find out what they actually want out of life. Why are they trying to build their wealth? What do they want to do with their money? You would be amazed at the number of pÂ�eople who have no idea what they’re working for, what their ultimate goals are. ’ 26â•… HOW I MADE MY FIRST MILLION The process can be emotionally challenging, Anstis says. ‘Many pÂ�eople have never been asked these questions before. And aside from that, answering them requires thinking about your feelings, about yourself and your family, in ways that you may never have considered before.
Unlike other young businessmen, he has never had trouble getting financial backing for his company. com,’ he says. ’ Barouch has, in fact, spent much of his young life turning down vast sums of money. He had barely set up the company, as an eighteen-Â�year-Â� old, before the Internet boom had companies queuing at his bedroom door. They offered him ‘many, many millions of dollars’, he says. ‘Silly money—more than the company would ever be worth! But I didn’t know what to do with it. And I didn’t want They’ve offered me the responsibility of millions of dollars to take having big stakeme over or for a stake in holders and other the company, but I haven’t pÂ�eople on the board, had any offer I couldn’t so I turned them all refuse—not yet, anyway.