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An Inside Track To Creating Enormous Wealth (Well, An Idea Or Two!)

Warren Buffett is the one of the world’s wealthiest men, worth circa $40 billion.  Reading books about how to replicate his wealth we feel is, at best, a very hopeful premise. However, a couple of his techniques are well worth considering in helping with the strategic development of your business.

                                                 

The first technique looks at what is important and what is knowable.  Categorising your knowledge and perceptions in this way helps prioritise decisions and also forces a relative analysis of potential options.

 

Important and

Unknowable

Important and

Knowable

Unimportant and

Unknowable

Unimportant and

Knowable

 

The second technique looks at how to decide how to focus in on that area of knowledge and exploit an opportunity you really know something about.

 

 

Working in this way you make sure you are working on things where your deep understanding significantly militates against any risks.  Simple but very effective.

If you want to talk about other strategic planning tools and how they could help your business please contact:

Claudine McClean

tel: +44 (0)1789 734 400
email: claudinem@salespathways.com

 

Copyright Notice

© SalesPathways Ltd. 2006

The material in this article is the property of SalesPathways Ltd. We would ask you to respect this copyright by always crediting SalesPathways Ltd. if you choose to copy, transmit, communicate or in any other way disseminate this material. Thank you.

 

Key Contact Details

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+44 (0)1789 734 400

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