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Rags to riches Entrepreneur –Li Ka Shing, Chairman of Cheung Kong Holdings

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Born in 1928, Li Ka Shing is a Hong Kong based business tycoon and philanthropist. He was born to a housewife and a Primary school head in Chaozhou in Guangdong province of China. His childhood was not a comfortable one. His family fled their home when he was still 12 because of the Japanese invasion of China. Very soon, he had to leave school before the age of 15 due to his father’s death. In order to overcome the burden of poverty he found a job in a plastic tradings company where he worked for 16 hours a day. 

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He briefly worked as a Salesman for the plastic products and by 1950, through his meticulous management of finances and proper planning, he managed to open his own plastics factory. In order to open the factory he also borrowed funds from family and friends and contacts he cultivated as a salesman. Within 8 years, his business was flourishing manufacturing and exporting high quality plastic flowers. He learnt techniques of mixing colors with plastic which resulted in the manufacturing of flowers that resembled the real ones. He knew that in order to remain ahead of his competitors, he should have the the best talents available and he did that by hiring the best technicians available in the market.

However, in 1958 he was unable to renew the lease for his factory and was forced to purchase and develop a new site for his factory. His business life took a major turn during the 1967 riots of Hong Kong. The effect of the riot was so severe that many people fled Hong Kong leaving behind their properties or selling their properties at very cheap rate. Li was quick to realize that the political turmoil was temporary and the the prices will soon go up. He bought parcels of land at very low prices and in 1971, Li officially named his real estate development company Cheung Kong which was eventually listed publicly in Hong Kong stock exchange in 1972.

With many successful bidding over the next few years, Li became the largest private landlord by 1979. In 1979 Li bought 23 percent of Hutchison Whampoa, which was a merger between Hutchison International and Hongkong and Whampoa Dock, from Hongkong & Shanghai Bank. 

During the next few years, Hutchison Whampoa expanded its container ports and in 1985 bought 33 percent of Hongkong Electric Holdings. Li started his business expansion globally with investments in the Canadian Imperial Bank of Commerce and Husky Oil. By 2004, Li  increased his equity to 49.9 %  and used Hutchison Whampoa to expand into other businesses. Also his two corporate entities were intertwined with Cheung Kong Holdings owning 49.9 percent of Hutchison Whampoa, and Hutchison Whampoa owning 85 percent of Cheung Kong Infrastructure.

According to the Bloomberg Billionaires Index, Li is the richest person in Asia, with a net worth of $31.9 billion. Currently he is the chairman of the board of CK Hutchison Holdings and he is the world’s largest operator of container terminals along with being the world’s largest health and beauty retailer. He is also considered as one of the most powerful figures in Asia and is famous for his philanthropic activities. Till date he has donated about US$2.2 billion to charity and other various philanthropic activities.

Li is famous for his simple living and holds the ancient Chinese values to his heart. A regular golf player, Li still remains fit and plays Golf daily at 6 AM.   

Team TOS

Inspiration

20 Motivational Books & Essays Startup Leaders Should Read in 2020

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top 20 Motivational Books for startups

If you read about start-ups and their success rate, you’ll find that the failure rate is higher than 90%. Some research suggests how these rates are even higher than 95%.

For this very reason, it’s really important to have strong willpower to endure even the biggest obstacles in your journey.

Below we list out the best motivational books and essays available for you online.

1. The 4-Hour Workweek by Tim Ferris

While this book might even be considered outdated in our fast-paced online world, the principles shared in it will never go away.

The most important thing you’re going to learn is how to manage your schedule and how to delegate your tasks.

2. Think and Grow Rich by Napoleon Hill

Even though this book was published back in 1937, its core values and principles will never go away. This book is focused on the power of your mind and explores how you can better use your desires, ideas, and plans.

When you steer all these factors into a focused direction and add a massive amount of action to it, your success will be inevitable.

3. Rework by David Heinemeier Hansson and Jason Fried

This is another modern age book that shares a similar type of content and ideas as The 4-Hour Workweek.

The new-age work culture is not only focused on money, but on life quality and time management.

4. Be Obsessed Or Be Average by Grant Cardone

You might question the authenticity or even the legitimacy of many things and claims shared by Grant Cardone. One thing is for sure – he will get you fired up, especially if you’re reading his content for the first time.

5. Crushing It!: How Great Entrepreneurs Build Their Business and Influence – and How You Can, Too by Gary Vaynerchuk

Gary is another author and businessman who is highly focused on taking massive action in order to reach success.

He’s also highly active on social media, and if you’re in the same boat, you might learn a lot. On top of that, he’ll give you a huge boost of energy and motivation.

6. The Dip by Seth Godin

When you start your start-up journey, there will be so many moments where you just want to quit.

Well, this book is highly focused on quitting. To be precise, it will teach you when to quit and when to stick!

7. 10 Success-Boosting Motivation Tips From Millionaire Entrepreneurs by John Rampton

In this great essay, the author analyses great ideas and business guidelines shared by the richest people in the world.

It’s great content to expand your views and gain more of the business-oriented wisdom.

8. How to Stay Motivated to Start a Business by Simone Johnson

This essay is focused on explaining why motivation is so important when starting your business. You’ll find out more about different types of motivation and how to sustain it in the long run.

9. Famous Entrepreneurs Who Started Late and Founded Multi-Million Dollar Empires

As an entrepreneur, you might ask yourself: Am I too old for this? Well, in this essay, you’ll learn about 8 famous people who started their start-up journey when they were older.

You have to remember to never quit and that it’s never too late to start!

10.  Tools of Titans by Tim Ferriss

This is another great book by Tim in which he analyses the habits and beliefs of 101 highly successful people. It’s a great way to expand your views and gain wisdom. 

11. Thinking, Fast and Slow by Daniel Kahneman

If you want to learn more about two different systems running inside of your head, you’ll find great value in this book. This is another great book for NPL enthusiasts.

12. Emotional Intelligence 2.0 by Jean Greaves and Travis Bradberry

The overall success of your start-up will not depend on your skills or the amount of capital you pour into it. One extremely important factor is teamwork. This book will teach you how to recognize and better react to your own emotions and the emotions of others.

13. The Law of Success by Napoleon Hill

In this all-time classic work, you’ll learn extremely valuable lessons that are being taught across sixteen lessons.

14. How to Win Friends and Influence People by Dale Carnegie

Every entrepreneur has a list of people influencing their startup, starting with employees all the way to investors. This book will improve your skills when it comes to influencing the behavior of others.

15. Awaken The Giant Within by Tony Robbins

What would be a motivational list without Tony Robbins? All jokes aside, if you need motivation and energy, you’ll find them in his books and videos.

He’s creating this type of content for decades, and he knows every bit of detail when it comes to motivation.

16. Unlimited Power by Tony Robbins

If you want to dive deeper into the journey of finding your purpose in life and to learn how to get rid of fear, this book is a must-read!

You’ll find great tips on not only how to set your goals but how to achieve them as well.

17. Business Adventures by John Brooks

This book is recommended both by Bill Gates and Warren Buffet. These two know what they’re talking about when it comes to business.

Bill Gates has not only recommended this book, but he also regards it as his favorite book of all time.

In this book, you’ll find 12 different stories based on which you can learn 12 different key ideas about the business.

18. The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William N. Thorndike

In this book, the author is analyzing eight different CEO’s and their approach to management. Each one of them had a quite unique approach, which is extremely useful for a reader to learn more about thinking out of the box.

In the worst case, you’re going to expand your own box.

19. 15 Ways to Motivate Yourself to Write by MasterClass

Being a writer myself, I had to share this extremely useful content with all of my fellow colleagues around the world. Writing is frightening but never give up! Here are some other resources you can use to master the skill of writing, which is essential in any startup: ordering research papers online (when you need a case study or a business report), Grammarly (for checking the grammatical accuracy of your texts), Canva (to add a visual flair to your writing).

20. See You At The Top By Zig Ziglar

We had to add another sales author to our list. Somehow, sales authors have extremely valuable insight when it comes to motivation. This book will teach you not only that but how to live a more balanced and fulfilling life as well.

Conclusion

On the one hand, it’s harder to succeed as a start-up now that there is so much competition. On the other, these and millions of other resources enable you to learn faster and better than ever before! Be it for team leadership, soft skills, or business-running, you can learn anything from these great books and essays.

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Inspiration

Creative Advice from 11 World Famous Architects

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Creative advice from 11 world-famous architects

As a creative entrepreneur, you’re probably no stranger to the ups and downs of inspiration. Motivation can come in waves, and when it’s gone, productivity can take a pretty major hit.

It’s impossible to stay constantly inspired all of the time. However, when we notice our creative spark fade, it’s important to engage in activities that rekindle the fire. Often, this means unplugging, pursuing a hobby, or talking with a friend or mentor.

Another great way to boost motivation is to look to other successful creatives. Architects, in particular, make great creative role models because of their ability to juggle multiple tasks and oversee projects like a pro. Check out the visual below for creative inspiration from 11 world-famous architects.

 

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Inspiration

Is your daily routine mindful or mindless?

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Is your daily routine mindful or mindless?

Do you serve a customer to make money? Or do you serve a customer to serve a customer? Do you wash dishes to get them clean? Or do you wash the dishes to wash the dishes?

Here’s a story from Buddhist Monk, Thich Nhat Hanh, about ‘washing the dishes to wash the dishes’ and the difference between mindful and mindless:

“In the United States, I have a close friend named Jim Forest… Last winter, Jim came to visit. I usually wash the dishes after we’ve finished the evening meal, before sitting down and drinking tea with everyone else.

One night, Jim asked if he might do the dishes. I said, “Go ahead, but
if you wash the dishes you must know the way to wash them.” Jim replied, “Come on, you think I don’t know how to wash the dishes?” I answered, “There are two ways to wash the dishes. The first is to wash the dishes in order to have clean dishes and the second is to wash the dishes
in order to wash the dishes.”

Jim was delighted and said, “I choose the second way-to wash the dishes to wash the dishes.” From then on, Jim knew how to wash the dishes. I transferred the “responsibility” to him for an entire week.

If while washing dishes, we think only of the cup of tea that awaits us, thus hurrying to get the dishes out of the way as if they were a nuisance, then we are not “washing the dishes to wash the dishes.”

What’s more, we are not alive during the time we are washing the dishes.
In fact we are completely incapable of realizing the miracle of life while standing at the sink.

If we can’t wash the dishes, the chances are we won’t be able to drink our tea either. While drinking the cup of tea, we will only be thinking of other things, barely aware of the cup in our hands. Thus we are sucked away into the future
– and we are incapable of actually living one minute of life.”

~ Thich Nhat Hanh

Are you focusing more at being successful, or being mindful? It is a conscious choice that shows up in your daily routine – Being present in every moment shows up in the quality of your products, your service, your communication.

Being aware leads to care. It’s the contrast of being careful and being careless. This care becomes quality, and that’s why greater mindfulness leads to greater success.

Your daily routine isn’t a means to an end. It’s an opportunity to experience the miracle of life every day.

“Be here now.”
~ Ram Dass

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