When the name comes to our minds, we think of someone that causes peril like murder, drug trafficking, cocaine addict and so many unpleasant things.
All these are deserved name considering Escobar’s bad record.
But one thing u can’t take away from this middle-aged man is his brilliant business strategies, intelligence and superior business coordination.
Pablo Escobar rose from the middle class of simplicity and obscurity to one of the world’s wealthiest men.
At the peak of his power and prominence, Pablo was making a whooping amount of 70million$ dollars per day, which makes it roughly 26billion$ per month.
You might be wondering how Pablo became this successfully, and I will like to share his business strategies which made him distinctively successful with you:
1. Pablo promoted his business overwhelmingly
before he started his drug trade, pablo went far and wide to advertise his cocaine products and boasted a superior cocaine taste compared to other cartels.
This step made him gain a lot of trust .
2. Pablo believed you have to spend money to make money:
Escobar often said “Money buys money”.Pablo believed to make good money, you need to spend good money. Always start a business big.
3.Pablo never believed education determine one’s success:
Pablo believed anyone can be successful without going to school.
He believed in getting direct tutoring from the godfathers in the business, and he was confident that such professionals was all he needed to be a hit.
He gained enough Intel to be a mega hit on his own.
4.pablo claimed that a business with no loss is totally impossible:
One has to make mistakes to be successful.
pablo lost millions weekly due to causes beyond him.
but learnt from them and made sure he made enough to cover for his losses..he was disheartened for once..or gave up due to his lost.
5.pablo also upheld d diversification strategy.
he never believed in one path, he dived into coca trade to apart from his cocaine business.. So there should always b diversification of businesses so as to ensure maximum profits.
There’s so much to learn from Pablo escobar’s business idea.. More to follow…