Jun. 24, 2005 - Tips from Great Men and Women in Business by Matthew Rushton
Tips from Great Men and Women
In Business...
By Matthew Rushton
Ever wondered how the great business men and women—like Sam Walton, Mary Kay, S. Truett Cathy—became so successful? Did you know that there are some common denominators, characteristics, that all of them have in common? Let me share with you some of those common denominators. You may just be the very next Sam Walton, Mary Kay, or S. Truett Cathy!
Begin Now!
Today is the perfect day for YOU to begin your own business. Looking at the lives of all of the most successful men and women in business, they all had one thing in common—they were all kids in business!
S. Truett Cathy, owner of Chick-Fil-A, entered into the business world at 8-years-old. His first business venture was to sell ice-cold Coca-Colas door-to-door during the summer. He was so hooked that later in the winter, he diversified his business venture to sell everyone’s favorite magazines and newspapers door-to-door. He has been in business every since that young age of 8.
Bill Rancic, chosen as The Apprentice by Donald Trump in Season 1, got his first taste of business as a little boy making “tips” for cooking and serving pancakes to his grandmother’s friends. 
Sam Walton, world famous entrepreneur and founder of Walmart, joined the leagues of kids in business. He worked his way through college managing multiple paper routes, hiring little boys on bicycles to deliver the papers.
There are many other examples. Every one of the most successful business men and women began young in business and worked until they died! Begin now! You just might be the very next history-maker!
Expect Tough Times…AND Be Molded Into Greatness by Them!
What do S. Truett Cathy, Mary Kay, Sam Walton, Dave Thomas, and Colonel Sanders, all have in common?
- All came from The Great Depression!
- All were tried by fire (and tough times!)!
Don’t let tough times get you down or discourage you. Tough times are pivotal to great success!
Don’t Waste Even ONE Minute!
Again, most of the most successful men and women in business began working as kids. Almost all began (and never stopped!) having businesses at only the age of 8. No video games for these young entrepreneurs. No TV—or at the most it was minimal in their lives. Work was their play—and STILL IS!
One interesting common thread among the greatest entrepreneurs is their daily schedule. Almost all of the top men and women in business get up at 5 AM every morning. One interesting person was Mary Kay. Mary Kay began getting up at 5 AM every morning after realizing that she was not having enough time in her day. She began thinking that if she would just get up 3 hours earlier for 3 times a week, she would have a whole extra 9-hour workday each week. Then, she realized that if she would get up 3 hours earlier 6 times a week, she gained two full 9-hour workdays every single week. She always got up at 5 AM from then on. Mary Kay was not the only great businessperson to rise early. Also included in the 5 AM bunch are: Donald Trump, S. Truett Cathy, and Sam Walton.
Plus! Another common denominator! They don’t waste even one minute of their day! Mary Kay contributed her success to her “$35,000 list.” Before bed every night, she would write a list of “to-do’s” to accomplish the next day. Donald Trump does not “waste time” on long lunches—when he does have lunch, he has a “working lunch” over business.
Want to join the greatest men and women in business history? Make the most of every single minute. Don’t waste even one minute!
Learn for Life!
Want to be the best you can be? Learn for your entire life. Learn in all areas of your life. This will give you a common characteristic with those who have made history in the business world.
We are not specifically talking about school—college. Rather, we are talking about learning for life! If there was some area that they wanted to learn about, they dug in and learned it. Each and every one that I have studied read extensively. All endeavored to read for 2 hours a day! Each of them constantly learned from people. They surrounded themselves with great people. They sought out people who were the best in a specific area and learned from them. They kept (keep) learning their entire lives. No mistakes wiped them out—they learned from every mistake. If something intrigued them, they researched it until they were the best in that area too! They never stopped learning. It was a life pursuit! To become great, we should follow their example.
Highly Competitive!
Looking at the great businessmen and women, each one had a highly competitive spirit. They not only competed within their industry, but ruled their industry—many even after their death! Look at Walmart. Look at Mary Kay. Their competition was not really other businesses. Their real competition that drove them was against themselves. They were such high achievers that they set a goal and not only topped that goal, but tripled it many times! They were THE BEST!
Learn to compete against yourself. Set your own goals. Set them high! Then, top those goals! You will only be as great as you really want to be.
Live Simple Lives…
Looking at the background of the greatest men and women in business, each came from very humble roots. Wealth was never the goal. It was just a by-product of their hard work, diligence, and commitment. Even once wealthy, they were very simple people, living very simple lives. Sam Walton, as a multi-billionaire, drove the same pick-up truck that he had drove for years. He lived in the same house. He did not spend his money frivolously.
Does Donald Trump seem extravagant to you? When he goes out to eat, he doesn’t spend HIS MONEY on food. His meals are all either “on the house” or paid for by someone else. He is a walking advertisement for anyone who wants to give him products or services. But, his money only makes him money!
Be simple. Do not drain more than you achieve. Don’t waste your money on frivolous things. Be wise with all that you have.
Family in Business…It’s a Family Thing!
Looking over the lives of the men and women that I have studied over the years, one interesting factor that has led to their greatness rings out true of every single one of them. They all operate their businesses as a Family Business.
S. Truett Cathy started his business with his brother. To this day, his whole family is involved. His wife speaks at Chick-Fil-A Grand Opening Events. His sons, daughter, and grandchildren all participate in the business.
Mary Kay began her business with her husband, who died unexpectantly just weeks before her grand opening. One of her sons stepped up in his place to help her manage the business. Her whole family worked together through the years up until her death. Today, they continue that legacy.
Chuck Buck, owner of Buck Knives, picked up the family business from his father who had continued his father’s business of knife making. To this day, Chuck Buck and his son continue that legacy.
Donald Trump really got started working for his father. His job was to help with collections for the family business. This spawned his calling for the higher-end properties, where people had millions of dollars to spend. Now, he still works with his family—his brother and his sons.
Sam Walton began his business, Walmart, as a family enterprise. To this day, even after his death, Walmart remains a family owned and operated company.
Want to be great? Find a way to work your business into a family business. Something that you can share with your existing family and generations to come.
Leave a Legacy…
Every single person that we have studied through the years has another common denominator—they were living their lives with purpose. They wanted to achieve much. They set high goals with a higher purpose and reached them! In turn, they changed the culture around them and became history makers. They left an ongoing legacy.
- Mary Kay changed women in business forever. She developed a system of business that gave a picture of God’s design in business.
- S. Truett Cathy has faithfully served God before his customers for decades. Following God has set him apart as a business leader and brought immeasurable blessings as a result. Through looking at his life story, we see how God prospers a faithful business owner.
- Chuck Buck has remained a Christian witness in the knife industry. He followed God each step of the way to business success. Now, he exhorts others to do the very same thing.
They made history. So, what about YOU? Ready to be a history maker? Want your own business? Hum….you might just be the very next successful business story!
|