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A Must Have
Habit to Turn You Into A Millionaire During A Recession
How do you view recession,
when the country experience two consecutive negative growths in its GDP?
Is it a crisis or scary event to you, or do you view this as an
opportunity? Interestingly, if we translate the word “crisis” into
Chinese, it means opportunity in danger OR dangerous opportunity. Do you
perceive recession as an opportunity in danger OR it is simply a
negative event you definitely want to avoid?
According to Adam Khoo, a young millionaire in Singapore, to be a
millionaire, ones need to equip themselves with certain habits. One of
the habits he shared in the Secrets of Self-Made Millionaire is that to
be a millionaire, you need to be a Proactive Person who can go out and
find opportunities instead of waiting for things to happen. In other
words, YOU NEED TO MAKE THINGS HAPPEN, EVEN DURING RECESSION.
Now, I’m going to share with you a real story of how a millionaire
builds his business empire during recession. During Asia economy crisis
in 1997, many entrepreneurs just pray that the bad time to pass as soon
as possible without doing much in improving their business or sales,
however, there was one guy that actually did something different from
ordinary entrepreneurs and not only led to survival during the Asia
economy crisis, but also expanded his business empire and grab more
profits than ever before.
Ron Sim, the CEO of Osim International (a company that produce luxury
massage chairs) was born in a big and poor family. He displayed his
entrepreneurial skills by the age of 9, earning 50--80 cents a day
selling noodles on the street after school. Over the years, he gained a
lot of business experiences.
As most of you may know, , during the recession, a peak where businesses
are likely to declare bankruptcy, where most consumers are more
concerned about their most basic needs, what should Ron Sim do to make
more sales for his high-end product during recession? Instead of praying
for miracles to happen in Singapore, he opened the new market in both
Hong Kong and Taiwan. Guess what? He made a fortune from abroad and
OSIM’s made 30% higher profits than the time before economy crisis.
Today Ron Sim owns 52.4% of OSIM, giving him a net worth of $255
million. If he was reactive and just waited for miracles to happen
during recession, he would not have achieved business success today!
Notable Quotes from Ron Sim ""I never believe that there is a good time,
or a bad time. I think it's really a function of yourself."
"Be it bad time or good time, I think it's a matter of how resourceful
you are, how courageous you are, how driven you are, to prove yourself."
"I've always told my staff, that it's okay to lose. In fact, we should
sometimes feel the agony of loss. But the agony of loss should be the
source of the fighting spirit that will spur us to want to win, that
should help us to really fight back and move on."
"I think I was pretty lucky to be born in a poor family. When you start
low, there is no baggage of fear of failure and humiliation."
"I always believe that entrepreneurs are bred by circumstances -- where
there is hunger, where there is despair, where there is desire. In my
circumstances, I had a chance to be born poor. And that, in my opinion,
fuels a lot of hunger, a lot of despair, a lot of desire to make things
good and right."
"They thrive because they have guts. They take risks to go into
uncharted ground to manage people and issues. You need to be willing to
accept the challenges, instead of sighing, 'So mah huan (inconvenient),
don't come to me."
"You can pick up theories and formulae from books. Those are the
tangibles. But they only work if you have the intangibles - leadership
and courage."
LeeMen Cheong. is
an inspirer who share the Teachings Of Wealth Creation By Millionaires /
Billionaires with the world. She has been committed to personal growth
and wealth creation for the past few years by learning from the
world-class millionaires/ billionaires; To Discover The Secrets Of How
To Be A Young Millionaire, Get Your FREE DOWNLOAD Of Her Million-Dollar
Interview Report with A Millionaire At Age 26, VISIT
http://www.FastSuccessTips.com NOW!!
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