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CHAPTER 2 THE SUCCESS FACTORS OF MILLIONAIRE ENTREPRENEURS

McDonalds in the world is run with the same level of consistency
and efficiency. Go to any McDonalds in the world and you
find that the staffs greet you with the same level of enthusiasm,
the fries are cooked for the exact same duration (to the second)
and the decoration is identical.

You can only create a successful business when you are able
build a success formula/system that allows your business to
produce the same predictable result, whether or not you are
working in it. This way, the business can expand regionally
and internationally, beyond your physical presence. Even if
your staff leave (and they will, eventually), your company
will continue to provide the same high standard of product(s)
and service(s).

Have All Essential Skills Sets Or Build a Team
That Does

Is it possible for one person to posses all of these skills sets?
There are some entrepreneurs who do. However, in reality,
many successful business owners have basic knowledge of
all of these skills, but are only great in half of them.

Smart entrepreneurs recognize the essential skills sets that
they lack and so they make up for it by leveraging on other
people whom they may hire or go into partnership with.

For example, my strengths lie in creativity & innovation, sales
and marketing and as well as the technical skills of training
and curriculum development. I knew that for Adam Khoo
Learning Technologies to succeed and endure, I needed people
who had strengths in management, organizational development
and systems development. This is why I roped in Patrick Cheo
(who possesses these essential skills) to become my partner

64 SECRETS OF BUILDING MULTI-MILLION DOLLAR BUSINESSES