How he used to make part of his money:
Hughes Aircraft.
Hughes Aircraft Company, a division of Hughes Tool Company, was originally founded by Howard Hughes (1905 - 1976) in 1932, in a rented corner of a Lockheed Aircraft Corporation hangar in Burbank, California, to build the H-1 racer. During and after World War II, Hughes fashioned his company into a major defense contractor. The Hughes Helicopters division started in 1947 when helicopter manufacturer Kellett sold their latest design to Hughes for production.
In 1948, Hughes created a new division of the company, the Hughes Aerospace Group. The Hughes Space and Communications Group and the Hughes Space Systems Division were later spun off in 1948 to form their own divisions and ultimately became the Hughes Space and Communications Company in 1961. In 1953, Howard Hughes gave all his stock in the Hughes Aircraft Company to the newly formed Howard Hughes Medical Institute, thereby turning the aerospace and defense contractor into a tax-exempt charitable organization. The Howard Hughes Medical Institute sold Hughes Aircraft in 1985 to General Motors for US$5.2 billion. In 1997, General Motors sold Hughes Aircraft to Raytheon and in 2000, sold Hughes Space & Communications to Boeing. A combination of Boeing, GM and Raytheon acquired the Hughes Research Laboratories.
Saturday, August 11, 2012
Friday, August 10, 2012
Best books about making money
The Best Books About Making Money by Samuel Ha.
I was never an avid reader. As a matter of fact, before the age of 20, I probably only read about 2 books front to back. It wasn’t until I started taking business seriously that I immersed myself in reading. The following are my best books about making money, which has taught me more than any school could.
How to Get Rich by Felix Dennis
Perhaps one of the best books I’ve read, not just in business, but EVER. I’ve read it a few times over and every time I go back to it, I’m always reminded of something important.
Felix Dennis is a man who has been through it all, from going to prison, to becoming wildly rich, falling into a drug fuelled world and now chilling out enjoying the finest wines. Felix bluntly describes in detail about what it really takes to become rich, backed up by fascinating incidents in his life. He tells you how he started his career in magazine publishing and how he broke into the US market as a small Company.
If you hadn’t heard of Felix Dennis previously, you will definitely have heard of some of his launches which includes Maxim, Computer Shopping & Personal Computer World. I must admit, when I first saw the title I thought to myself “not another one of these get rich quick books”, but my mate recommended it to me and thankfully, I purchased it. If you’re an entrepreneur, I highly recommend you to do the same.
Buy It Now: Felix Dennis – How to Get Rich from Amazon UK or Amazon US.
Anyone Can Do It: My Story by Duncan Bannatyne
I took a very long hiatus in reading (about 12 years!). I remember this was the first booked I picked up and read after my hiatus, and boy did I read. I must have finished it within a few days.
Duncan’s rags to riches story is told in a very straightforward manner with no business jargons, which makes it easy to read. After all, he is just a simple man. Scottish serial entrepreneur Duncan Bannatyne joined the Royal Navy at the age of 16, so that he could travel the world. After a couple incidents landed him in a military detention centre and subsequently prison, he drifted from job to job until the age of 30.
What followed was a strong determination to become rich, starting with an ice cream van business during the height of the “Glasgow Ice Cream Wars”. Then he went into the nursing homes sector, followed by hotels and his huge chain of health clubs, “Bannatynes”. If you live in the UK, you would know Duncan from Dragons Den which has raised his profile significantly.
This book had a big impact on my life, because this was a guy with no qualifications, no money and no bank account until the age of 30, but still he managed to become hugely successful.
Buy It Now: Duncan Bannatyne – Anyone Can Do It from Amazon UK.
The Real Deal: My Story from Brick Lane to Dragons’ Den by James Caan
This is a book that I put on the backburner for a while. I wasn’t really interested in it but I’m glad that I found the motivation to read it one day. James Caan (formerly known as Nazim Khan) hit the spotlight from being on Dragons Den alongside fellow entrepreneur Duncan Bunnatyne.
A business savvy character who wanted to make his own path, James went against his family’s wishes for him to join their clothing Company. He left home at 16 and became estranged from his father for years. After gaining experience in the recruitment industry, James started his own Company from a tiny room in Pall Mall, purposely chosen for its prestigious image. From his small office room, he took his business from nothing to millions.
Although I’ve never dwelled in the recruitment industry, I learnt a lot on James’ experiences in cold calling, meeting clients and other aspects of business.
Buy It Now: James Caan – The Real Deal from Amazon UK / Amazon US
Mcdonald’s: Behind the Arches by John F. Love
On nearly every corner of the planet there’s a Mcdonalds. It’s practically engrained into our culture and the impact it has had on all aspects of society is phenomenal. Of course, I already knew this before I picked up this book, but what I didn’t know was how it became the beast it is today.
It was Richard and Maurice McDonald who founded the modern fast-food restaurant concept, but it was ultimately Ray Kroc who took it to another level. Amazingly, Ray Kroc’s success arrived late in his life after 50 years old. He was just a milkshake machine salesman travelling across the Country when he stumbled across the Mcdonald brothers innovative business. Behind the Arches presents in full detail about how Mcdonalds was born and its long journey to becoming the biggest fast food chain in the world.
This book is quite a long read but very interesting nonetheless. If you’re in the food business, then you need to pick this up. After reading this, I feel like I have the knowledge to open up and successfully run a fast food franchise business, that’s how much this book has taught me.
Buy It Now: Mcdonald’s – Behind the Arches from Amazon UK / Amazon US
Sam Walton: Made in America My Story by Sam Walton and John Huey
Walmart is known as the largest retailer in the world, and the 3rd largest Company in the world by revenue, but founder Sam Walton never dreamed to reach these heights. I knew little about Walmart before reading this book and even less about the man who created it.
Made in America takes you through Sam Walton’s journey from his childhood upbringing during The Great Depression to the creation and expansion of his business empire. The retailing genius was a pioneer in his trade and came up with many concepts that would shape the success of his discount stores. From 1982 – 1988, Sam Walton was given the title “The Richest Man in the World” by Forbes Magazine, but it was a title that came with unwanted attention. Not surprising as Sam wasn’t in the game for the fame
In his book, he shares his philosophies on life and business, and how he grew his small business into the largest retailer in the world. I came across some real gems in this book which could be applied to any type and size of business.
Buy It Now: Sam Walton – Made in America from Amazon UK / Amazon US
The Richest Man in Babylon by George S. Clason
This is a slight contrast to the other books on my list, but still deserves the same amount of recognition. While I prefer reading non-fiction and biographies, The Richest Man in Babylon is a fun educational story about money that anyone can understand because it’s so straightforward.
Set in ancient times, you’ll find out how the Babylonians discovered the universal laws of prosperity. This book follow the tales of certain characters such as merchants, tradesmen and herdsman, and explains how they learnt to improve their financial situation through solid advice form a wealthy friend. If you’re poor, in debt and struggling to stay afloat, then the principles that are given can change anyone’s life if applied in the right way. I believe that this book should be taught in schools because it’s such a refreshing, educational and timeless piece of work.
It’s written in an Old English style, so it took me a few pages of reading to get used to it. It’s a very short book but that’s the beauty of it, because it only needs enough to get its point across to readers. The points made in this book parallels society as it is today and is evidence that “the more things change, the more it stays the same”. There’s a reason why The Richest Man in Babylon is a bestseller and highly regarded as a classic.
Buy It Now: The Richest Man in Babylon from Amazon UK / Amazon US
You don’t need to read, or even be able to read to get rich…but it does help…A LOT. After going through so many business related books, it feels like I’ve lived more than a few lifetimes. The knowledge gained from reading is not like watching a documentary where visuals are displayed so you don’t have to use your imagination.
Instead, reading allows you to focus in on your thoughts and recreate images in your mind, which can lead to actions. And if you’re reading about making money, guess where your thoughts and actions will take you?
I was never an avid reader. As a matter of fact, before the age of 20, I probably only read about 2 books front to back. It wasn’t until I started taking business seriously that I immersed myself in reading. The following are my best books about making money, which has taught me more than any school could.
How to Get Rich by Felix Dennis
Perhaps one of the best books I’ve read, not just in business, but EVER. I’ve read it a few times over and every time I go back to it, I’m always reminded of something important.
Felix Dennis is a man who has been through it all, from going to prison, to becoming wildly rich, falling into a drug fuelled world and now chilling out enjoying the finest wines. Felix bluntly describes in detail about what it really takes to become rich, backed up by fascinating incidents in his life. He tells you how he started his career in magazine publishing and how he broke into the US market as a small Company.
If you hadn’t heard of Felix Dennis previously, you will definitely have heard of some of his launches which includes Maxim, Computer Shopping & Personal Computer World. I must admit, when I first saw the title I thought to myself “not another one of these get rich quick books”, but my mate recommended it to me and thankfully, I purchased it. If you’re an entrepreneur, I highly recommend you to do the same.
Buy It Now: Felix Dennis – How to Get Rich from Amazon UK or Amazon US.
Anyone Can Do It: My Story by Duncan Bannatyne
I took a very long hiatus in reading (about 12 years!). I remember this was the first booked I picked up and read after my hiatus, and boy did I read. I must have finished it within a few days.
Duncan’s rags to riches story is told in a very straightforward manner with no business jargons, which makes it easy to read. After all, he is just a simple man. Scottish serial entrepreneur Duncan Bannatyne joined the Royal Navy at the age of 16, so that he could travel the world. After a couple incidents landed him in a military detention centre and subsequently prison, he drifted from job to job until the age of 30.
What followed was a strong determination to become rich, starting with an ice cream van business during the height of the “Glasgow Ice Cream Wars”. Then he went into the nursing homes sector, followed by hotels and his huge chain of health clubs, “Bannatynes”. If you live in the UK, you would know Duncan from Dragons Den which has raised his profile significantly.
This book had a big impact on my life, because this was a guy with no qualifications, no money and no bank account until the age of 30, but still he managed to become hugely successful.
Buy It Now: Duncan Bannatyne – Anyone Can Do It from Amazon UK.
The Real Deal: My Story from Brick Lane to Dragons’ Den by James Caan
This is a book that I put on the backburner for a while. I wasn’t really interested in it but I’m glad that I found the motivation to read it one day. James Caan (formerly known as Nazim Khan) hit the spotlight from being on Dragons Den alongside fellow entrepreneur Duncan Bunnatyne.
A business savvy character who wanted to make his own path, James went against his family’s wishes for him to join their clothing Company. He left home at 16 and became estranged from his father for years. After gaining experience in the recruitment industry, James started his own Company from a tiny room in Pall Mall, purposely chosen for its prestigious image. From his small office room, he took his business from nothing to millions.
Although I’ve never dwelled in the recruitment industry, I learnt a lot on James’ experiences in cold calling, meeting clients and other aspects of business.
Buy It Now: James Caan – The Real Deal from Amazon UK / Amazon US
Mcdonald’s: Behind the Arches by John F. Love
On nearly every corner of the planet there’s a Mcdonalds. It’s practically engrained into our culture and the impact it has had on all aspects of society is phenomenal. Of course, I already knew this before I picked up this book, but what I didn’t know was how it became the beast it is today.
It was Richard and Maurice McDonald who founded the modern fast-food restaurant concept, but it was ultimately Ray Kroc who took it to another level. Amazingly, Ray Kroc’s success arrived late in his life after 50 years old. He was just a milkshake machine salesman travelling across the Country when he stumbled across the Mcdonald brothers innovative business. Behind the Arches presents in full detail about how Mcdonalds was born and its long journey to becoming the biggest fast food chain in the world.
This book is quite a long read but very interesting nonetheless. If you’re in the food business, then you need to pick this up. After reading this, I feel like I have the knowledge to open up and successfully run a fast food franchise business, that’s how much this book has taught me.
Buy It Now: Mcdonald’s – Behind the Arches from Amazon UK / Amazon US
Sam Walton: Made in America My Story by Sam Walton and John Huey
Walmart is known as the largest retailer in the world, and the 3rd largest Company in the world by revenue, but founder Sam Walton never dreamed to reach these heights. I knew little about Walmart before reading this book and even less about the man who created it.
Made in America takes you through Sam Walton’s journey from his childhood upbringing during The Great Depression to the creation and expansion of his business empire. The retailing genius was a pioneer in his trade and came up with many concepts that would shape the success of his discount stores. From 1982 – 1988, Sam Walton was given the title “The Richest Man in the World” by Forbes Magazine, but it was a title that came with unwanted attention. Not surprising as Sam wasn’t in the game for the fame
In his book, he shares his philosophies on life and business, and how he grew his small business into the largest retailer in the world. I came across some real gems in this book which could be applied to any type and size of business.
Buy It Now: Sam Walton – Made in America from Amazon UK / Amazon US
The Richest Man in Babylon by George S. Clason
This is a slight contrast to the other books on my list, but still deserves the same amount of recognition. While I prefer reading non-fiction and biographies, The Richest Man in Babylon is a fun educational story about money that anyone can understand because it’s so straightforward.
Set in ancient times, you’ll find out how the Babylonians discovered the universal laws of prosperity. This book follow the tales of certain characters such as merchants, tradesmen and herdsman, and explains how they learnt to improve their financial situation through solid advice form a wealthy friend. If you’re poor, in debt and struggling to stay afloat, then the principles that are given can change anyone’s life if applied in the right way. I believe that this book should be taught in schools because it’s such a refreshing, educational and timeless piece of work.
It’s written in an Old English style, so it took me a few pages of reading to get used to it. It’s a very short book but that’s the beauty of it, because it only needs enough to get its point across to readers. The points made in this book parallels society as it is today and is evidence that “the more things change, the more it stays the same”. There’s a reason why The Richest Man in Babylon is a bestseller and highly regarded as a classic.
Buy It Now: The Richest Man in Babylon from Amazon UK / Amazon US
You don’t need to read, or even be able to read to get rich…but it does help…A LOT. After going through so many business related books, it feels like I’ve lived more than a few lifetimes. The knowledge gained from reading is not like watching a documentary where visuals are displayed so you don’t have to use your imagination.
Instead, reading allows you to focus in on your thoughts and recreate images in your mind, which can lead to actions. And if you’re reading about making money, guess where your thoughts and actions will take you?
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