Warren Buffet does not require any introduction. He is one of the most successful investors of all time. Warren Buffet was born in Nebraska in 1930 and in the very young he was interested in business and investing.
Here is 26 Secrets of Warren Buffet which made him successful and these tips will work for you too.
Secret 1: Don't Be Afraid To Make Mistakes
Try to learn from your mistakes --better yet, learn from the mistakes of others!
Secret 2: Don' Borrow Money
Think twice before you either borrow money or loan money to someone - especially a friend.
Secret 3: Love What You Do
Following your passion is the key to success.
Secret 4: Make Time for Both Work and Play
It is important to make the right trade-offs between work and play so we live a balanced lifestyle.
Secret 5: Listen To What Others Can Teach You
The experience of others is the best classroom you will ever find!
Secret 6: Always Think of New Ideas
Try to come up with alternate ways of doing things.
Secret 7: Always Have a Plan
When you fail to plan, you plan to fail.
Secret 8: If You Fail Try Again
Fail is not falling down; it is staying down.
Secret 9: Protect Your Reputation
It takes years to build a reputation but only minutes to ruin it.
Secret 10: The Customer Comes First
Take care of your customer and your customer will take care of you.
Secret 11: Open Minds Let In Better Ideas!
Opening your mind can open the door of success.
Secret 12: Always Promote Yourself
Successful businesses successfully promote and advertiese themselves
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Secret 13: Location Is Very Important
Location is a vital part of most businesses.
Secret 14: Don't Be Fooled
If it seems too good to be true, it probably is.
Secret 15: Don't Judge Others
With businesses, like with people, you should get to know them before you judge them.
Secret 16: Be Willing To Change Your Ideas
Chains of habit are too light to be felt until they are too heavy to be broken.
Secret 17: Your Image is Important
Price is on the price tag; value is in the eye of the beholder.
Secret 18: Be Thoughtful of Others
If your service is outstanding, you'll always stand out.
Secret 19: Pay Attention to Details
A good business is disciplined to do the little things right every day.
Secret 20: How to Present Yourself
It's not just the outside that counts. It's the whole package.
Secret 21: Your Decisions Affect Your Future
Make sure you stay in school. Failing to complete your education can lead to not achieving your dreams in the future.
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Secret 22: Save for the Future
Save money for things you need instead of spending it all on things you want!
Secret 23: Be Someone in Demand
Prices are determined by supply and demand.
Secret 24: Confidence Comes with Understanding
Don't get involved in a business you don't understand.
Secret 25: A Lifetime of Learning
Be smarter at the end of the day than you were at the beginning.
Secret 26: Partners Make it Easier
Great partnerships will make any job easier.
This is a summary of the book "Warren Buffet's 26 Secrets to Success". I recommend you to read the book. Every tip shown above is explained in detail with outstanding graphics in the book.
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