Bosses of his companies are free to get on with their jobs, grow the business and reach their margin return agreed upon at the beginning of the year. If things go wrong in a particular part of the business then i will get involved. Fairness, integrity and camradery should be employed instead. Never delegate bonus arrangements at senior level. Insist on collective responsibility for bonuses. Praise excellent work. Fire poor workers Mercilessly. Turn a cold eye to company perks. Avoid all jollies. Set an example. Don't waste company money.
How to Get Rich | One of the World's Greatest Entrepreneurs | Felix Dennis | Summary Felix Dennis is an expert at proving people wrong. Starting as a college dropout with no family money, he created a publishing empire, founded Maxim magazine, made himself one of the richest people in the UK, and had a blast in the process. How to Get Rich is different from any other book on the subject because Dennis isn't selling snake oil, investment tips, or motivational claptrap. He merely wants to help people embrace entrepreneurship, and to share lessons he learned the hard way. He reveals, for example, why a regular paycheck is like crack cocaine; why great ideas are vastly overrated; and why "ownership isn't the important thing, it's the only thing."
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