10 Success Secrets Of Calos Slim Helu


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10 Success Secrets Of Calos Slim Helu

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  • I believe there is a lot of background missing here. Don't get me wrong, Mr. Slim is a great businessman, but first, he didn't start from scratch, his family has been rich from many decades through the Sanborn's stores and retaurants, a franchise that is over 100 years old in México. Also, he got his hands on Telmex through very questionable methods. It's a good slide show, but it needs to research facts beyond today's business publications. Read some mexican newspapers from 1994 to date and you'll see what I'm talking about.
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  • Good Work Sompong....

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10 Success Secrets Of Calos Slim Helu

  1. 1. Carlos Slim Helu<br />10<br />Success Secrets<br />
  2. 2. Mexican telecommunications magnate Carlos Slim Helu has catapulted past Bill Gates to become the world's richest person, according to Forbes magazine. But most Americans still know relatively little about this private man with a $54 billion fortune. <br />
  3. 3. He's the first 'World's Richest' man from a developing nation.<br />2009 was good to the super-rich in poorer nations: Brazil and Russia each doubled their billionaire counts; and China's new total (64 billionaires) ranks second only to the America. Slim, as an owner of more than 220 companies in telecommunications, banking, railways, and restaurants (to name a few), saw his fortune swell by $18.5 billion last year.<br />
  4. 4. In Mexico, Heluis "Mr. Monopoly"<br />The Wall Street Journal once quipped that "it's hard to spend a day in Mexico and not put money in Helu’spocket." You can barely make a call without doing so: Helu'sphone company Telmex- snapped up on the cheap in 1990 - controls 80 percent of the landlines; its subsidiary AméricaMóbil handles 70 percent of the cell service. <br />
  5. 5. He's from a Lebanese family<br />Julian Slim Haddad, Helu'sfather, immigrated to Mexico from Lebanon in 1902 to escape military conscription. He eventually created highly successful import and real estate businesses worth millions. The family of Carlos' mother, also from Lebanon, settled in Mexico City at the end of the 19th century.<br />
  6. 6. He is known for never cracking a smile, but Helu’s current monopoly over the telecommunications industry in Mexico must surely make him one happy businessman. With his hands now in all of the retail, banking and insurance, technology, and auto parts manufacturing industries, Helu shows no signs of slowing down. Here are Helu’ 10 Success Secrets that you should know! <br />
  7. 7. Lesson 1 : Don't Follow the Crowd or the Market<br />The entire success of Helu’s business career has rested on one simple premise: go against the current. Heluhas become known for sniffing out great bargain deals and making investments that seem to be directly at odds with what the market, and his competitors, are saying is right. <br />
  8. 8. “When there is a crisis, that’s when some are interested in getting out,” says Helu, “and that’s when we are interested in getting in.” <br />
  9. 9. Lesson 2 : Understand the Future and Your Place in It<br />Helu makes it his number one priority to understand which industries hold the most promise for the future, and, more importantly, for this money. Helu insists on staying current about which new technologies are of the future, and which are of the past.<br />
  10. 10. “Technology is going to transform people’s lives and society everywhere in the world,” says Helu. “I spend most of my time studying new technologies. My main task is to understand what’s gong on and try to see where we can fit in.”<br />
  11. 11. Lesson 3 : Understanding the future, however, does not mean completely forgetting the past.<br />For instance, while many retail groups are introducing e-commerce and phasing out their ‘bricks’ operations, Helu suggests that both the ‘clicks’ and the ‘bricks’ will continue to be important. “We think that there will be an ‘entrepreneurial reconversion’ of many companies that have lived in the industrial era and now are becoming part of this new [digital] civilization.”<br />
  12. 12. “I think one of the big errors people are making right now is thinking that old-style businesses will be obsolete, when actually they will be an important part of this new civilization.”<br />
  13. 13. Lesson 4 : Make Your Company a Lean, Mean, Operating Machine<br />When Helu takes over control of a company, he does so in order to operate it. Buffett wants a good investment, but Helu wants to run a company. He wants to make his companies practical and lean operations, bringing efficiency to their every move. <br />
  14. 14. “It’s not a question of arriving [at a new company] and putting in a whole new administration,” says Helu, “but instead, arriving and ‘compacting’ things as much as possible, reducing management layers.”<br />
  15. 15. Lesson 5 : You Can Control Your Own Destiny<br />What made Helu keep on going, what differentiated him from others, was his ambition – his relentless ambition and his hunger for more.  Helu’s empire now reaches far and wide not only across Latin America – with more than 61 million subscribers, his America Movil is now the largest cell phone provider in the region – but also into the U.S.<br />
  16. 16. “Those who say that I am taking over the city centre,” says Helu, “that I have already bought up everything, are not going to stop me from continuing my project.”<br />
  17. 17. Lesson 6 : Everything Has a Bottom Line<br />Helu’s charitable pledges still amount to considerably less than those of Bill Gates or Warren Buffet, but what he has done with his foundations is significant. Helu has demonstrated the importance of approaching everything you do with a sound business management plan, and an eye on the bottom line.<br />
  18. 18. “I believe that if a businessman knows how to efficiently manage his business, he should be able to manage a foundation efficiently,” he says. “It’s not a question of giving money away, it’s a question of going somewhere and doing something and making sure the basic costs are paid…I’m channeling resources to try to solve problems as quickly as possible.” <br />
  19. 19. Lesson 7 : Plan Slowly, Act Quickly With Gut Instinct<br />Heluhas been developing his gut instinct when it comes to detecting a good business deal. And, he has learned to trust that gut, even when it went against what all of his competitors, the market, and industry analysts were saying. It was that confidence that took him to the top. <br />
  20. 20. “When we decide to do something, we do it quickly.”<br />
  21. 21. Lesson 8 : Think Possibly<br />Helu thinks both positively and possibly. He said, “How can we develop if we’re always stuck in crises?”<br />
  22. 22. “Our concept is more to accomplish and solve things, rather than giving, that is, not going around like Santa Claus. Poverty isn't solved with donations.”<br />
  23. 23. Lesson 9 : Have Ambition To Do What You Love<br />Anybody who knew Helu as a young boy knew he was going to make something of himself. After all, by the time he was 15 years old, he had made more money from stocks than most of his parents’ friends had saved up in their entire lifetimes. <br />
  24. 24. While soccer remains Mexico's most popular sport, Heluhas an avid affinity for baseball - especially the New York Yankees. <br />
  25. 25. Lesson 10 : He's Famously Frugal <br />From a young age, Slim has practiced legendary financial restraint. He still lives in the same modest 6-bedroom home where he's resided for the past three decades. His cramped bedroom is "the size of a Manhattan hotel room." And, despite the prevalence of kidnappings in Mexico, Carlos Slim still drives himself to work.<br />
  26. 26. “I’m a paper man, not electronic. My children gave me a lap top for Christmas, but all I know how to do so far is push the on button.”<br />
  27. 27. Helu has recently stepped out of the limelight and has passed the torch onto his three sons. However, the impact of his career, which he single handedly built from scratch, can still be felt throughout Latin America and beyond. Helu will not only go down in history as one of the most successful Mexican businessmen, but indeed as one of the world’s most successful businessmen of all time.<br />
  28. 28. “When you live for others’ opinions, you are dead. I don’t want to live thinking about how I’ll be remembered.”<br />Thank You Very Much<br />SompongYusoontorn<br />