Mar 4, 2013 by Beatrice Stonebanks
Billionaires have special traits in common. I recently researched their commonalities while helping a company create a strategy to grow from a multi-million dollar company to a billion dollar success story!
I was surprised nearly every step of the way. Did you know, more than 20% of the 292 self-made American billionaires on the most recent list of the World’s Billionaires have either never started or never completed college? These technology entrepreneurs are just a few amazing examples: Steve Jobs, Bill Gates, Michael Dell, Larry Ellison, and Theodore Waitt.
Also true: of the 380 self-made American tycoons who have appeared on the Forbes list of the World’s Billionaires in the past three years, 42 were born in September, more than in any other month. Maybe that’s because September is the month the Forbes list of the 400 richest Americans is published.
Self-made billionaires come from all walks of life. Some become billionaires very young, others late in life. Some are highly educated; others are dropouts without a formal education.
Billionaires possess a strong focus that allows them to accomplish their goals and take their ideas to the next level. Focus is the trait that often separates successful people from unsuccessful people. Take for example Warren Buffett, who has a net worth of over $50 billion. According to Forbes, Buffett read every piece of writing about investing in stocks in the Omaha, Nebraska public library by the time he reached 12 years of age! Buffett knew what he wanted to do at a young age, and he had the focus to accomplish it.
After researching the commonalities, I scaled them into a positive affirmation list. The leadership team of my client had them professionally printed and posted in every department. Their hope is to cultivate the mindset of a billionaire in employees.
My hope is for you to use them just as powerfully; I read them now, every day, as well.
- I start small
- I think big
- I take calculated risks
- I am competitive
- I am a goal getter
- I thrive on criticism
- I have strong self-imposed standards
- I believe in myself
- I am persistent
- Learn quickly from mistakes
- I thrive on pressure and uncertainty
- I use money as a means to keep score
- I am opportunistic
- I use debt to my advantage
- I recognize the value of simple ideas
- I have incredible curiosity
- I crash through obstacles
- I am an excellent problem solver
- I have a great attitude
- I monetize mistakes
- Make the most of boredom
- I realize nothing happens overnight
- I don’t try to do it alone
- I am patient
- I have frugality
- I continue learning
- I love to teach
- I have a bias for action
- I build a team
- I invest instead of spending
- I am generous
- Failure holds no fear
- I am a leader
Join me in making it a successful month, think like a billionaire!
You can read more about the common traits of billionaires here: Common Traits of Billionaires | eHow.com