Why is everyone so fascinated with Warren Buffett? I will tell you why. Money!
The guy is loaded. But I would argue that what makes Buffett impressive is not his net worth, but his understanding of people.
When Buffett was recently asked what he looks for in a company before he gobbles it up he replied, “I look into their eyes and try to figure out whether they love the money, or if they love the business. If they don’t love the business, I can’t put money into it. (After acquisition) my job is to make sure that I don’t do anything that kills that love of the business.”
Turns out the rich guy is a wise guy too. Shocker.
If Warren looked into your eyes would he see someone who loves the money, or the work? Trust me, it shows.
People who love money are less dependable, lack commitment, and give the minimum effort.
People who love their work are passionate, committed, and trustworthy.
If you want to be a growing business, I suggest you surround yourself with people who are more committed to the mission than they are the money.
If your work has become nothing more than a way for you to make money then you have nothing more than a job. But if you have discovered a place to pursue your passion and maximize your talents, you are marketable.
The first group complains a lot and carries around a sense of entitlement. The second group really doesn’t care whether they are marketable or not. They just want to do what they love to do. They are not making money, they are making art.
I think you will find that you will make a lot more money if you worry less about the money and focus more on becoming really good at what you do.
I bet you Warren would agree.
What do you look for in someone before you commit to doing business with them?
repost from 4.20.11
If a hand shake is as good as a signed contract, it is usually worth doing business with that person/company.
Nothing better than the word of a man of integrity Todd. Good comment. Thanks!
I hope you are talking about Randy having the integrity because amr. Buffett sure doesn’t.
I look for passion and a track record of success. That’s not to say I won’t do business with someone who doesn’t have the record of success but it is something to consider.