Vikas Shah, a Professor of Entrepreneurship has interviewed the likes of Sir Richard Branson, Sir James Dyson, and Steve Ballmer and here he reveals their simple secrets. Their secret formula is captured in these ten points and unsurprisingly, passion is a vital ingredient. These people set out to pursue something they love doing and make a change without intending to make crazy money in the first place.
1. Find your passion: The vast majority of people who have made their billions didn’t intend to make that money; they found something they were unbelievably passionate about, and made it their life. It just so happened their timing was perfect, and it became a huge wealth generator – but that passion was the starting point.
2. Be resilient: The overwhelming majority of billionaires I’ve met advise me that you have be resilient. You have to be able to get back up after the knocks, you have to be prepared to fail and to embrace that, and you have to be prepared to operate outside the comfort zone of your normal life.