There’s a lot of things you can learn from people who worked their way to riches. People like Harry Triguboff – billionaire and property developer.
Image courtesy of Wikipedia.
I’m not big on TV.
But there’s one program in ABC that I love to watch: The Business’ One Plus One.
The reason I watch it is I love the knowledge and the wisdom imparted by the CEOs of Australia and the world’s largest companies.
If you want to know about life, world experience, life experience, business experience, these people are a cut above the rest.
You don’t get to those levels without learning about life and being very, very successful.
That’s why I love it.
And here’s what I’ve learned after watching one of their segments.
The show featured one of Australia’s richest men: Harry Triguboff.
Harry Triguboff is the famed Founder of Meriton – one of Australia’s largest residential property developers.
As of 2016, his net worth is reported to be A$10.62 billion.
This guy could be the pin-up boy for success.
So I’m going to share with you pieces that I got from that interview.
ABOUT GETTING STARTED
He spoke about how he got started in his younger days. He came to Australia and had some money after a few hits and misses around the place. He actually bought a taxi license, some small apartments and might have been a bread run.
But he had a friend who happens to be a builder. His friend told him, ‘why don’t you do some small development?’ He did that and it worked very, very well. By the time he finished his first small development, he’d already bought two new additional sites.
It’s the same thing as what I’ve always been telling people in my events:
Start small, stay focused, grow strong.
Protect Your Health
Then he spoke about money. The first thing he pointed out is when you’ve got money, you must protect your health.
I love that because it sounds like he’s been to one of my events. I’m always saying there’s multiple forms of wealth, and your health is the highest one on the physical plane.
Use Money Properly
Mr. Triguboff said that he would rather be at work than be out there spending money. He said he doesn’t spend much money but he says that when he does, he uses it very, very well. He uses it for the benefit of those around him, himself and others and that is the purpose of money.
Earn More Money
This is directed to the people who say that money doesn’t make you happy. Mr. Triguboff said that they’re stupid. He said the more money, the better. He said that the more money he’s got, the more good he can do. The more apartments and homes he can build for people, the more he can help where it’s needed.
Give People What They Want
I gathered that Mr Triguboff has had a stoush and an argument or two with local councils and a few politicians. He says that he inevitably wins because the politician or councillor is coming at it from a different point of view.
Mr Triguboff’s point of view on approaching any matter was always to do what’s best for the customer. He’s in business and the customer wins. His rule was that if you give the market what it wants, then you’ll be rewarded.
How You Can Succeed
Mr. Triguboff’s philosophy of success involves three things:
You’ve got to find something that you’re good at.
You’ve got to find something that you love or like to do, you’ve got to be good at it, and you’ve got to like to do it.
You’ve got to work hard.
Missing any of these won’t do it. You need all three.
Mr Triguboff said that you have to be consistent in all facets of your business and eventually, relentlessly, you will win if you are relentlessly consistent.
Value Your Team
When asked about what his distinguishing feature of success in his business, he unequivocally said his people.
In the interview, he was asked if he spends a lot of time with Australia’s other billionaires and other wealthy people. He said no. Very little, in fact.
He said that they were all old, wealthy people. Old people want to talk about the past. He said he wants to hang around with his team. They’re young, they’re vibrant, they’ve got ideas. And young people want to talk about the future.
I thought that was really interesting. He gave not so much effusive, but very, very laudatory praise to his staff. He said that he has the best architects in the world working on his apartment block. I think it’s a fantastic thing to say.
He said that he’s got the best town planner in Sydney, and that’s wonderful. I know that in my business, I have the best events manager, general manager and many other top performers. Without a doubt, your unique selling proposition, your unfair competitive advantage is definitely your people.
Get the best ones and look after them.
Find Your Happiness
The final point he mentioned is this: if someone’s unhappy on his team, he removes him immediately.
That person’s not enjoying it, and he doesn’t want to be there. He’s got to go tomorrow. If that person stays a lot longer, they’ll both doing each other a disservice.
The company’s no good to him and the company’s no good to the person. They’re obviously unhappy, so they must go and find the right fit somewhere else.
This reminds me of the Carnegie formula of building a mastermind group of people who are heading to a pre-determined direction in alignment. The kicker is in the spirit of harmony. If someone is unhappy there and it can’t be rectified, they must go.
There you have it, the wisdom from Australia’s 10-billion-dollar man. I think he’s an absolutely phenomenal Australian doing great for this country.
You can do the same by taking his lessons and implementing it as well.