Carlos Slim Helu is known as the Mexican Warren Buffett in
business. He started his business in
what is known as one of the most impoverished countries in the world where the
average annual income is nearly $14,500 per household. He is also known as a monopolist. He built his fortune through technology,
retailing, and finance through telecommunications. In 2010 his company was the primary wireless
phone carrier for all of Latin America.
An affective business model drives Helu’s philosophy in
business. He believes in simple
principles and sound practices. He is
career a reflection of strategies that are nurtured through patient bargaining
and profit infused back into the company.
One critical idea that Slim advocates is to avoid investing in non-productive
assets. This philosophy is shared among
most entrepreneurs that grace Forbes list.
As entrepreneurs seek to build a successful business it is
important to take on the philosophies of wealth managers across the world. To identify the asset in business is to
define value in an idea or product that will yield a return of mass
proportion. An affective business plan
will describe in detail the components necessary for an asset to retain its
value.
Chuck Blakeman has an hands on approach to perfecting business. His ideal business plan is not the written form but the actual experience. His vision is to help entrepreneurs to live well by doing good. He believes that writing a business plan takes away from the actual execution of business. I believe that most creative entrepreneurs would agree with this philosophy. However, I believe that the foundation of an affective business plan or model includes a winning framework that to all core to all business.
At some point the value in our business has to be people. The work place today has robbed employees of their ability to think for themselves or contribute ideas to better the business. The market is infused with self proclaimed geniuses instead of valuing employees as emerging stakeholders that build our business. Blakemen is an advocate with a mission to restore value back into the human resources that create global wealth.
It is critical to take our queues from wealth managers around the world and build a sound business plan that includes sound ideals, compliant practices, and an appreciation for human resources in our business. Our companies can be diverse, creative, and profitable as we take the lessons learned from the experiences of the generation before us.
