The days of singularity in business were over sometime ago, maybe a lot don't know about it or have failed to put the needed observations into action. This is the hedge rich kids have over the masses, getting to know what matters on time. Just like asking Jeff Bezoz, what do you do? Be prepared for what is coming, I'll advise you to get your pen and a sheet of paper. This seems the reason why I do blame the schooling system most of the time, you know, that idea of training us to be focused on a particular course and worse of all when the one course goes faulty, you see an unprecedented level of financial bankruptcy
As that teenage age when I used to hear about millionaire business men, I was always fooled by the belief that they own 'a business'; being in singularity. Like Jeb Bezoz owns amazon, Bill Gates owns microsoft and nothing else. Assuming one would ask me by then, what does Bill gate do? I'll simply answer, he does the Microsoft thing, funny I guess but I use to say that.
These people are way farther than where we place them, in short 'don't do', they 'control'. What you do provides limited resources, limits your capacity, keeps you at a state of vulnerability. The risks involved here are high. A lot of guys you see broke out there in the street are experts in particular fields, but in a crowded and competitive market, this can go against you. When I started out business, I had the mentality of knowing every skill, this was just me trying to overuse myself.
Even if I acquired all the skills, one thing I fail to realize is that I will definitely be limited by time. The gap between wealth and poverty lies not in only acquiring wisdom, you need understanding. Why not control a system instead of being the system? How do you work less to get more? This are few smart question that needs to be ask before making financial planning and decisions.
Control is key
As I earlier said, you wouldn't want me to list out the businesses Jeb Bezoz controls, it's beyond Amazon. Do your research in your spare time and you'll come to realize this people mean business. Control is the capacity to think and act beyond assumed limitations. One of the ways to tackle financial instability in the current world economic system is to train yourself to control financial systems. Why a lot of entrepreneur go bankrupt is due to the fact that they know little to nothing about spreading tentacles in business.
Just like when talking about blockchain technology and cryptocurrency, one thing that makes it unique to stand the test of time is the ability to spread tentacles, promoting limited businessing. So instead of relying on a particular state or country to scale this tech, it's rather open source for anybody in all parts of the world to be involved. Bad businesses here is swallowed by good business elsewhere.
Control promotes financial targets.
Just like saying you'll make a million dollars before the year runs out. It's difficult to do this using your singular business but it's on the other hand easily accomplished through the control pattern of business. The advantage here is, when one income source runs low, you could always leverage the other to cover up the rainy days and vice versa. You don't need to run big businesses like the top tiers before aiming for control. It can be done even on a small and medium scale and gradually improved upon.
The aim here is to train yourself to create a financial system that generates cash flow. Leverage other people's businesses and time if you wish to go far in your financial pursuit. When I say other people I mean investing in reliable firms that generate dividends and pay others to get things done to also make returns from it. Group of companies is how business is meant to thrive in this modern era. The advantages are enormous, No millionaire owns a single firm, because no one single business can generate that consistent millions.
What is actually is 'control' in business
Simple, doing what other help do for you. The world is full of talented people looking for opportunities to earn from it. Control-business to me is a win-win scenario as you get to create a medium for both parties (you and your team) to earn from it. Truth be told, not everyone wants to own or run business not to talk about businesses. Yet, I will always advise one does get stuck in financial turbulence, it's a tides that can deter emotions. There is a need to know what trends in the financial system especially as a yet to be entrepreneur. The mindset you approach business matters in order to scale during difficult times.
To conclude, let me add, more millionaires will emerge if we can take advantage of the 'control-business' system. What you do as a skill doesn't matter to scale in business, in short, I rather prefer my skill to be 'control' in the field of occupation. This kind of businesses pattern also helps boost the economy and it opens doors for employment opportunities and cash flow. Think of an economy where 30% of the entrepreneurs were capitalizing on control business system. As I earlier said, sometimes we learn late, no wonder Robert Kiyosaki said 'what the rich parents teach their children, the poor don't'.