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U.S. Independent presidential candidate Ross Perot it is provided his concession speech to the group gathered 03 November 1992 at his choice night headquarters ~ Democrat bill Clinton won the presidential election.

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Billionaire and also two-time presidential candidate Ross Perot, who died on Tuesday in ~ the age of 89, has actually been referred to as everything indigenous the epitome of the "entrepreneurial spirit and also the American creed," by former President George W. Bush, to "frightening" and also "short-tempered" by other politicians throughout his presidential operation in '90s.

On Tuesday, one politics commentator described him together "a pole of gunpowder in the pond that U.S. Politics back in 1992," if The brand-new York Times called him "brash," and a "wiry Texas gadfly." and a friend of Perot's simply referred to him together "a young Scout who knows just how to street fight," follow to the Dallas News.

But at least one thing is evident: as businessman Perot to be successful.

Perot started his first company, digital Data Systems, at period 32 in 1962 with just $1,000 in savings. He became a billionaire at 58 when general Motors to buy a regulating interest in his agency in 1984 because that $2.4 billion. ~ Perot sold digital Data Systems, he created Perot systems in 1998 and also became an angel investor because that NeXT, a computer agency founded by Steve work after the left Apple. Over the years, Perot grew his net worth to an ext than $4 billion, according to Forbes, making the the 167th richest human in the U.S. At the moment of his death.

According to his 1996 memoir, "My Life & the principles for Success," these space three tenants Perot live by that aided him accomplish success.

1. Don't do money your main goal

The best means to do money, according to Perot, is to no make that your primary goal.

"I've seen good people primarily motivated to do money. Nearly without exception, they failed. Lock missed the real significance of discovering to execute something well, of structure something better than everyone else," Perot created in the book.

Focus on being the best, created Perot, and also financial success will certainly come together a byproduct.

"This has actually been definitely true in my instance to a unique degree. Do money has actually never been just one of my goals. If we had collection out to develop a auto to make money, i don't think we would have been successful at all. Instead, we collection out to build a an excellent company made up of good people," the wrote.

Perot stated it take it him 15 year to build up to an revenue that "substantially exceeded our family's monthly needs," and provided that "unrealistic expectation can damage your effectiveness and potential."

1968: American businessman H. Ross Perot hold a business an equipment manufactured by his company, electronic Data Systems, Dallas, Texas.
Shel Hershorn | Getty Images

2. Prioritize household over business

While Perot's expert life was fruitful, that learned at an early stage not to let that take over his life. Despite his hectic schedule, Perot, who through his wife Margot had five children and 16 grandchildren, constantly tried to make it come his children school tasks and constantly tried to put his household first, he said.

"Business have to be a significant part of your life, yet not your whole life: execute not permit it take it priority over her family," the wrote.

"Periodically, look at at your calendar to recognize how plenty of nights each week you space at home with your children, giving them her full, undivided attention."

3. Take management cues native the young Scouts

Perot says all the management chops he needed to develop his business and run because that president, he learned if he was a boy Scout.

The boy Scouts the America (whose regimen is now referred to as Scouts BSA because it started admitting girls earlier this year) has had actually its controversies. But in his memoir, Perot stated the team taught values prefer honesty, trustworthiness, kindness, bravery and also helpfulness.

Additionally, he stated he complied with the boy Scout motto, constantly "be prepared!"

"Leaders must create a high spirit of mutual trust amongst subordinates v their peers and superiors," the writes.

Practice these principles, composed Perot, and your chances of coming to be a success in business and in life will enhance dramatically.

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Correction: This story has actually been revised to reflect that the boy Scouts that America's regime is now referred to as Scouts BSA.


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