The French novelist Honore de Balzac was once quoted as saying, “Behind every great fortune lies a great crime.” In today’s economic world, it is easy for one to see the greater emphasis placed on profitability and the bottom line of an organization. However, upon further analysis, it is easy to see how profits and priorities don’t have to be mutually exclusive and the Balzac’s belief may indeed be reinforced yet disproven.
To illustrate a profit-oriented approach to business and support Balzac’s point, there is no one better to focus upon than the world’s richest man, Mr. Carlos Slim Helu. Slim, as he is called by many, is indeed the epitome of an earnings focused entrepreneur. Dissimilarly, the entrepreneur of choice to almost completely contrast this business approach would be the late Paul Newman, a man whose humanitarian zeal is beyond admirable.
Slim’s beginnings derive from a moderate Lebanese-Mexican family. As a young person, his father Julian taught him valuable economic principles. Julian required Slim to record all his childhood purchases and expenses on notebooks. Slim presently still retains some of them on one of his office’s shelves (Mehta, 2007). He retains those lessons to this very day and has passed them forward to his children. The basic ideal of saving, developing his own niche, finding business bargains and then act accordingly comprise the foundation of Slim’s knowledge base. These principles have, in turn, lead to a ruthless business approach and an unprecedented level of professional success, the likes of which are without equal in modern society.
The business interests of Mr. Slim Helu are vast and wide. They expand far beyond that of his native Mexico and pervade all of South America. The Telegraph, the online version of one of the United Kingdom’s more storied newspaper publications, states...