In my experience as a consultant and advisor to business leaders, Fortune 500 CEOs and even billionaire entrepreneurs, which has earned me the nickname “mentor of the giants” by Fortune, I
I quickly came to realize that he had taken the first important step in making visions a reality: He had created a big shiny mental image of what he wanted to accomplish, even seeing himself on the cover of Forbes Magazine in the Middle East. He had also put down a clear deadline for it. That image was so crystal clear that his wife had even given him a hand-painted version of it as a present to hang over his desk.
If you search for one thing that a lot of American billionaires have in common, the answer is: failure. Walt Disney had gone bankrupt before he teamed up with his brother and moved to Hollywood to found the Disney Brothers Cartoon Studio. I happen to be good friends with Google top executives and also with one of its earliest engineers when there were just 100 people at Google. The founders kept calculating the cash burn rate to predict when Google was about to die if they did not get more money, sometimes even daily.
When he approached me and my company to future-proof their business, we ended up remodeling their entire value chain, making them faster and more agile, identifying nonperforming board members, redoing their entire vision, mission and slogan, and helping them to pivot their business. He would have never been so open to change that was necessary to ensure the sustained growth of his business if he had not kept that former failure in the back of his mind.1.
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