(Li Ka-Shing: "Money isn't as important as teaching sound principles about money." : MLM Network marketing secrets - is another great article about mlm, multi level marketing and a little about multilevel marketing on Li Ka-Shing: "Money isn't as important as teaching sound principles about money." The following is adapted from Zig's book: Something To Smile About, published by Thomas Nelson. Look for the book at...)
Li Ka-Shing: "Money isn't as important as teaching sound principles about money."
The following is adapted from Zig's book: Something To Smile About, published by Thomas Nelson. Look for the book at your bookstore today! Hong Kong multi-billionaire Li Ka-Shing understood that money isn't as important as teaching sound principles about money.
For this reason he kept a tight rein on indulgences for his sons. He also taught them the importance of joint ventures. He demonstrated that if 10 percent is a fair percentage of the business you receive as a result of your investment in a joint venture, but you know you can get 11 percent, it is wise to take only 9 percent.
Li Ka-Shing taught his boys that if he took less than he could get, countless other people with good ideas and good products but not money would flock to his doorstep.
The net result is that instead of making one big profitable deal, he could make numerous good, solid deals at the lower percentage, and the total amount of profits would be dramatically higher. That's being intelligently selfish, which is really being unselfish and wise.
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