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Lesson #3: Knowledge is Your Most Important Capital
“Times were really tough in the beginning,” recalls Li Ka-shing. “When I started my business in 1950, I only had HK$50,000, so I was in a tight spot financially. I already had some work experience, but I had an advantage in competing with other companies – I was willing to learn the latest industry trends.”

Li Ka Shing Quotes
Li Ka Shing Quotes
Sustainable Business Growth and Profitability with Customer Value Management
Customer Value Management is a comprehensive five-step approach to improving and sustaining profitable growth for any business.

Other plastics industry Related Articles

Becoming the Asian Superman: Li’s Business Takes Off
Li’s plastics manufacturing company was officially founded in 1950 and began by making plastic combs and soapboxes. He had borrowed the startup capital he needed from family, friends, and the contacts he had acquired while working as a salesman in the years before, but it still was not a lot. “The first year, as I didn’t have much capital, I did everything myself,” Li recalls, “which kept my overhead low.” From learning about everything from accounting to how to fix the gears of his equipment, Li says he “started from the bottom up.”
Lesson #4: Never Compromise Your Principles in Any Relationship
When Li Ka-shing says “yes” to someone, he means yes; he has entered into a contract and he intends on keeping his promise. In 1956, when he was just beginning in the plastics business, Li received an order for a three to six month production. He calculated a profit of 20 percent and agreed to the deal. Soon after, a large American competitor of Li’s buyer approached him, offering to pay an extra 30 percent profit for the merchandise Li’s original buyer had ordered.

Toxic Business: Africa’s Scavenger Entrepreneurs
It’s a common site in most African cities – waste dumping sites where hundreds of scavengers search daily for pieces of scrap metal, plastics and other waste materials to sell for a profit. These scavenger entrepreneurs though are risking their lives in search of money for survival. In these dumps, there are toxic wastes that can be fatal.
How to become a "Professional" Salesperson
As a business owner constantly recruiting prospective sales partners, I have spoken with and met many experienced salespeople in our industry. I’ve also met many newbies to our industry, who are considering selling for the first time - since they’ve heard it’s a lucrative career with residual income opportunity in an industry that will not be going away (at least we all hope this to be true). With so many experienced and inexperienced salespeople entering new industries, how do you truly learn the industry and become a “professional salesperson?”

Eco-Friendly Packaging Materials for Online Retail
The most ubiquitous packaging materials are of course bubble wrap and peanuts. The pros and cons of both are well documented, but the most important thing to know is they are typically made from plastics (as in oil) and are not bio-degradable. With the amount of bubble wrap and peanuts used around the world each day the problem is pretty self evident.

Financial Reform Bill Diversity Requirement Has Challenges
The government now mandates that the financial industry increase efforts to employ persons from diverse populations. The federal government will need to address the attitudes of present financial industry personnel that keep the industry from becoming a more diverse industry.

Who cares about PR?
The public relations industry is coming of age in a global economy where it is ideally placed to take advantage. Maybe we should look at what the PR industry offers, rather than how the industry has been characterised. Here are five key messages to consider.

Becoming a Travel Agent Online
You may be considering opening up a home business or have always wanted to but never knew what industry to start in. There are so many options on the internet and they all promise to make you rich quick. Well, if you are looking for an industry that has proven itself over the years and is showing great potential for the future then the travel industry is for you. Even during this unstable economy the travel industry is still thriving. People may not be buying bigger houses or newer cars but they are still going on vacation and predictions show they always will be.
Attention B2B Marketers : Embrace the Future (It ain’t Plastics, it’s Mobile)
In the classic movie, The Graduate, a young man named Benjamin (played by Dustin Hoffman), fresh out of college The Graduatewas approached by a business man, Mr. McGuire. This dialog took place: Mr. McGuire: “Benjamin, I want to say one word to you. Just one word.” Benjamin: “Yes, sir.” Mr. McGuire: “Are you listening?” Benjamin: “Yes, I am.” Mr. McGuire: “Plastics.” Benjamin: “Just how do you mean that, sir?”
5 Steps to Choosing a Great Home Based Business
The Home Based Business Industry is a HUGE and thriving industry and unfortunately, this leads to many failures and horrible experiences. As someone that researches, tries, and tests these opportunities for a living, I have some rock solid advice for you if you're considering getting involved with this industry.

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