The top 0.1% focus on their primary operating company as the main wealth generator. They view stocks, real estate, and index funds as tools to preserve wealth after it's been made, making it the final stage of investing, not the first.
To scale effectively, don't bottleneck knowledge with the CEO. Invest in specialized coaches, consultants, and mastermind groups for your department leaders. This empowers them to solve problems and develop their teams directly, as building the people is what ultimately builds the business.
Most people learn things "just in case" they might need them, like in university. The most effective approach is "just-in-time" learning—acquiring knowledge from books, courses, or mentors to solve a specific, immediate challenge you are facing right now.
The primary purpose of hiring is not to add capacity for growth, but to free up the founder's time from low-value tasks. This allows the founder to reinvest their unique talents into activities that truly drive the business forward, making growth an outcome of strategic time reallocation.
To connect with high-level experts, don't just ask for time. First, provide "Proof" you've applied their work. Then, "Ask" one specific, tight question. Finally, "Close" the conversation quickly to show you respect their time and are an action-taker, not just a talker.
Instead of selling assets and triggering capital gains, the wealthy buy and hold assets like stocks. They then borrow against that portfolio tax-free for living expenses. When they die, a life insurance policy pays off the loan, allowing the original assets to pass to heirs tax-free.