Monday 21 April 2014

Carlos Slim’s Formula for Success in Business

When Shawn Baldwin started to work on Value Creation series, he decided to begin it with the entrepreneur Carlo Slim. The term Value Creation in telecom means the performance of actions that increase the worth of any business. Carlos Slim is the world’s richest man surpassing Bill Gates. He belongs to a developing country, Mexico. He began his investing career at the age of twelve. He firstly tried his fortune in real estate and became millionaire in his 20’s.
He earned over $73 billion through his companies. He earned a lot from telecommunications industry and has his own firm known as America Movil SAB which operated in 18 countries. The company has over 150,000 employees. There is a boom in telecommunications industry which makes it best platform to outline Value Creation. Telecommunications industry generates lot of wealth and jobs.


Carlos Slim, despite having so much wealth, has a very simple lifestyle. He is not fond of any luxury cars and still drives by himself. He resides in six bedroom house which is less than mile away from his office. When Shawn Baldwin met Carlos Slim, he found that Carlos talked in a very gentle way and allowed him to ask any questions. Shawn also asked about his formula for success.

Carlos told that one should have a simple organizational structure and should focus on growth. He suggested that one should not allow negative feelings and emotions to control their minds. He told to live the present fully and also believes that each person makes his or her own destiny.

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