How to Transform from a Simple Vegetable Seller into a World-Class Businessman

11.12.2024 10:20

What do smartphones and vegetables have in common? That's not really the right question. They're completely different.

The origins of the popularity of the famous Samsung brand lie not in the development of computer technology, but in the sale of vegetables.

Samsung founder Lee Byung-chul sold fresh herbs and vegetables at his stall.

The vegetables he picked from the neighboring fields sold well, and the entrepreneur decided to move to Seoul to expand his business. Here he began processing sugar and dreamed of opening his own textile factory. Lee Byung-chul loved to work hard. Idea after idea came to him, and he continued to expand the range of his services.

This Korean entrepreneur successfully combined various areas of his activity, and scientific progress did not pass him by. His attention was drawn to electronics. Moreover, the Korean government banned the import of household electronics at the legislative level. With this measure, it sought to support domestic manufacturers of similar products.

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Photo: © Belnovosti

This had a very important effect. Samsung was beyond competition. Since the company's foundation, Samsung has managed to implement a number of business projects. The scale of development has reached such heights that Lee Byung-chul entered the world market with his products. However, it is worth considering one small but very important nuance.

The successful entrepreneur did not stop there, but decided to expand his sphere of activity. This time his attention was drawn to military equipment, but here too he managed to distinguish himself and occupy his niche. After some time, Samsung began producing cars under its own brand.

The old entrepreneurial spirit continues and is successfully implemented. This shows that the founders and creators of the company did not stop at what had been achieved, but, on the contrary, moved forward, successfully resolving numerous problems.

Samsung's interests have not bypassed the real estate sector. In fact, it has not tried itself in the popular type of activity today, being engaged in diverse and numerous business areas. A number of resorts and amusement parks are urgently acquired.

In addition, Samsung becomes the owner of a whole line of hotels. In this case, the acquired hotels give a sense of reliability and guarantee. After all, such businesses have repeatedly proven their profitability and stability in the world market. At all times, real estate rental has been a very relevant and popular topic.

Moreover, success in many areas of entrepreneurship allows you to organize an empire, a single one, not subordinate to anyone. In other words, it is a closed enterprise, conducting its activities independently, without the participation of any external structures.

Thus, a great enterprise is created that can monopolize the territory of many countries and in several countries simultaneously. To achieve such a high status, luck and intelligence, unfortunately, are not enough. It is necessary to accept challenges in various fields of activity, without fear of taking responsibility.

At the same time, entrepreneurs should not allow possible bankruptcy (insolvency) to stop them on their way. After all, as is well known, success in any business requires "healthy" risks, general courage and trust in oneself and colleagues.

Another thing is that a budding businessman should at least have a little feeling and understanding of the business he is going to do.

The ability to quickly navigate to please the consumer, the ability to find your niche and stay in it as long as possible - of course, all this can be acquired with the help of skills, but at least at the initial stage you need to know whether this business is interesting to you and whether you are ready to devote most of your time to it.

Earlier I told you how to get rich in one year.

Vitaly Kisterny Author: Vitaly Kisterny Editor-in-Chief