Here's Why You Should Study Tycoons

Before you can attempt something truly big, you will need the courage.
Before you can have the courage, you will need the knowledge.

Do you have what it takes to succeed at the tycoon level?

Here are three reasons why any serious entrepreneur needs to study tycoons:

- Tycoons are creative problem-solvers. While most people give up on their goals after hitting an obstacle or having a set-back, tycoons almost always find a way to get the deal done and keep their momentum rolling forward. Where there's a will there's most certainly a way.

- They are unstoppable. They are real life "Terminators." Friedrich Nietzsche is famous for having written about the "will to power," which he believed to be the primary driving force in humans. Specifically, it's the ambition and drive for achievement, recognition, and the highest possible position in life. Tycoons tend to be the best examples of people with this type of drive.

- And last but not least, they are builders. They build companies, edifices, and empires. The best ones leave behind a legacy as well.

Ted Turner

Ted Turner billionaire

If your only goal is to become rich, you’ll never achieve it. It's not just about the money. It's about finding something that's fun to build over the long haul.  - John D. Rockefeller

I had no ambition to make a fortune. Mere money-making has never been my goal, I had an ambition to build. - John D. Rockefeller

Nobody told me that building stuff, not getting stuff, was the key to happiness. It took getting a lot of stuff to figure that out. - Jonathan Brill

I may have more money than you, but money doesn’t make the difference. If there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you. - Warren Buffett

Allow these words to sink in. To have the best possible results in life you must find some interesting and lucrative challenges to work on. Tycoons love what they do.

Money by itself is a terrible long-term motivator for most people. Its power to motivate fizzles out quickly in the face of even minor frustrations.

Life is like a snowball. The important thing is finding wet snow and a really long hill.

— Warren Buffett

Learn about how tycoons make money.

19 Responses to Why Study Tycoons and Their Growth Strategies?

  • “Money by itself is a terrible long-term motivator for most people. Its power to motivate fizzles out quickly in the face of even minor frustrations.”

    You just lost the entire baller market.

  • Sadly, I doubt it.

  • After reading your site my impression is that you are genuinely attempting to scare customers away. Why not be more positive?

    • EB,

      this isn’t for tire kickers. You either want this way of life or you don’t. If you buy the TPB, you’ll see a whole new level of thinking. If words on a website scare you away, you’re probably not ready for Tycoon Status.

  • Hello, I have been reading your blog and site for a few months now and like it. It’s always been my dream to buy a business but I just can’t seem to do it. I first got the itch if you can call it that five years ago. Since then I have purchased every book on the subject, taken seminars, including a very expensive one at a castle in Scotland, but nothing ever happens. I have spoken with a dozen brokers about three dozen business opportunities but I just can’t seem to go through with it. Never get very far. My friends just roll their eyes now if I bring it up. Can you offer me help? Will your course get me over the goal line?

    • DL,

      was that Dan Pena’s castle?

      How was that experience?

    • DL,

      If that was Dan Pena’s Castle Seminar you attended, from what I recall, for the price of that seminar you could have purchased several businesses.

      And even if they failed, you would have some real life learning lessons to apply going forward.

      My question would be after taking the seminar, do you feel any more propelled to purchase a business?

  • DL,

    You are not alone. Business brokers know that something like 90% of prospective business buyers are little more than people fantasizing about doing something that they never will. There’s a phrase used to describe closing a deal: pulling the trigger. It’s quite apropos because it is like pulling the trigger on a gun. Once done you can’t go back. That king of step into the unknown scares most people off. In business brokerage we learn to screen out the talkers from the doers quickly because they can waste a lot of your time.

    This course is really designed for someone already running a business. If you already own a business it’s a lot easier to pull the trigger on an acquisition. If you have never run a business implementing all this will be a huge challenge.

    You need to get clear about whether or not you have what it takes to actually follow through on a deal and close it. There’s a 90% chance that you are merely window-shopping.

    If that’s the case, consider doing a startup if being your own boss is the goal. If it’s not work for someone else.

    Buying your first business is a lonely game. There’s really no one there to hold your hand. Either you can do it yourself or it doesn’t happen.

    The key is to be honest with yourself and move on if you don’t have what it takes.

    • My issue isn’t pulling the trigger it’s getting access to more capital to assist with the deal. Even adding another $100 grand would do it. That’s my only hurdle.

      I wonder if the guy that won the $338 million power ball will start a Private Equity fund. :0) I doubt it. Some people have all of the luck.

  • Why does it seem like only white guys are Tycoons? The majority of the wealth in America is amassed by white men.

    Of course no mentions the years of free labor provided by blacks that helped many of the “Tycoons” create generational privilege and wealth for white men.

    There is obviously some very serious issues still present in America but it certainly does provide a reality check when the majority people getting wealthy in America in business are white men.

    It’s most certainly not about hard work and education, that’s very misleading. Wealth cannot not be pulled out of peoples backsides.

  • Interesting clue, i follow your article peter. I like this : if there’s a will there’s most certainly a way. great !

  • Has anyone tried to find a tel # for Amazon or LinkedIn over the last decade? It’s next to impossible. Certainly its no where on the sites. The only way to obtain one is to see if someone has leaked a number in a forum. That’s how I obtained Amazon’s number a couple of times but the co. then changes it quickly. No one wants calls coming in anymore.

  • If anyone has a number for Linkedin, can they please share it?

  • Gregory, I am not clear on what exactly you’re looking for. If there is more detail you can add, please use the contact form at http://tycoonplaybook.com/about/contact/

    Thanks,

    Peter

  • Peter, from my reading he’s looking for free support and doesn’t want to pay for anything. It’s a convoluted message but sounds like an offer for you to be his free mentor.

  • Now you can understand why most people no longer have their telephone numbers on their sites.

  • Ha-ha! Nothing like combining a heavy-handed demand for free with bizarre paranoid babbling.

  • One of the most valuable business lessons that you will ever learn is that some clients or customers are simply not worth having no matter how much revenue they generate. They are just too much of a pain in the backside to deal with.

    When someone does the equivalent of walking into a sushi bar, declaring that they won’t pay for anything, and then demanding a cheeseburger in an abusive manner, it’s a big red flashing warning sign that they are one of these types.

  • I missed it but it sounds as if you dodged a bullet. Most of the time you will end up wasting hours if not days before discovering that someone can’t or won’t pay. Be grateful this person let you know up front that they are a moocher.

    In my younger days I accepted a few real assholes as clients out of need for money but after a few I started adding a premium to my hourly rate to make up for the sheer irritation of having to deal with them. Even then it wasn’t worth it but you do what you need to keep a roof over your head.

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