Money is important in life for 2 reasons

It gives the freedom to live your life the way you want to and the ability to improve your and
others life
If we observe Money carefully we learn that it goes only where it knows it will be safe, and
that’s usually near more money.
For building wealth you need the ability to think the way money thinks, which is never to
confuse money with emotions because feelings, like the weather is unreliable and ever-
changing.
The first rule on wealth is to Spend the interest not the capital: You should make long term
investments
Another important rule is Safe 10. The Safe 10 approach follows the rule that you should
keep 10% of your income aside every month to be kept in an account untouched to secure
yourself.
Truths on life
We start with an important point. Not paying attention to naysayers, skeptics, or finger-
pointers, because whatever you pay attention to grows. Pay attention to the critics, and you
absorb that negativity into yourself, But You shouldn’t ignore the constructive criticism
Lets see if YOU are AN EMPLOYEE OR AN EMPLOYER?
To determine your Entrepreneurial Quotient, lets analyse the important factors:
Work/life balance- How important it is for you. Are you someone who can work for hour
every day on tasks that you may not like for months & years on end or not .
Life of extremes- Are you someone who can handle stress and work pressure and still work
for hours. The lifestyle where you have to be on a plane for twenty hours weekly, or having
people constantly need to speak to you, or being sought after for speaking engagements, or
dealing with the flow of millions and millions of dollars
Importance of Sleep in your life:
Clearly defined role job role, duty, salary-Do you need to know how much you are going to
make this year, or if it’s not in my job description, you don’t want to do it.

After going through all these points, you would have gotten more clarity whether the roller-
coaster ride of entrepreneurship is for you or not.
Now we move to the major part that is the truths on Business
The first principle is that business is war—and you must grow every quarter. If you are
successful in the battle today, only then you will survive and fight another battle tomorrow
And for growth the most important part is sales
WHAT does it take TO MAKE THE SALE?
1. Lets look deeper into Salespeople’s personality and lifestyle: Great salespeople bring
a vibrant energy into every room they enter. they dress—sharp, tailored and well
groomed. The entire personality from appearance to body language of a salesperson
creates impact
2. Knowing everything about their product: They know a little bit about everything, but
a lot about whatever it is they’re selling. They love their product.
3. The best salespeople are tenacious without being irritating. They “Never take no for
an answer” but don’t confuse it with uninterested client.
Then we come to an important part of Business- Partnerships
For a successful partnership you should find a partner who has strengths that are your
weaknesses and does work in domains and things you can’t do. Those are the kinds of
partnerships that have real value. Partners with completely different skill sets. You require a
team to give results.
Lets talk about the ideal team an entrepreneur should have:
First the The Business Partner- Your ideas and thoughts must be refined by that of someone
with a different take and a new perspective on our growing enterprise.
Second The Numbers Expert. This person is often your chief financial officer. Your numbers
expert is someone who knows every revenue and expenditure, of the company, no matter how
small.
The Sober Second Thinker. this individual is the only person who can say no to you and to
whom you’ll listen without question, they are generally your lawyer or Publicity head.
Because they are the ones protecting you legally, financially, or publicly
The Efficiency Expert. This person which makes your and the company’s efficiency improve
continuously. They are generally the assistants managing you and your time on activities that require
you the most.

The Hometeam Leader. The most important one which manages your entire family and personal life.
Without them you will never be able to focus on your work