World's Greatest Economist. Bob Sadino is a businessman who has a unique mindset about business. Where some of his views actually contradict the views of most people.

What are the uniqueness? The article below will explain some of the things that make him different from people. Let's begin.

Bob Sadino is the World's Greatest Economist.

I f you ask about who is the greatest economist in the world, then the answers will vary. Many names will be mentioned. Because there are many economists who are considered great in this world.

But if you ask me, just only one name will I say. He is Bob Sadino. Wealthy businessman from Indonesia.

Maybe you will ask, who is he? What economic theories and principles has he published. And why do we have to agree that Bob Sadino is the best economist in the world.

Before getting to know the theories and economic principles revealed by Bob Sadino, let us first get acquainted with this businessman figure.

 

Bambang Mustari Sadino (born in Tanjung Karang (now Bandar Lampung), March 9, 1933 - died in Jakarta, January 19, 2015 at the age of 81) or fondly called Bob Sadino, is an Indonesian businessman who does business in food and animal husbandry.

He is the owner of the Kemfood and Kemchick business network we consider some of the utterances that he had expressed in an entrepreneurial seminar. So the author named him the greatest economist in the world. Wikipedia

Economic Principles.

As we know, the principle of economics is that with the smallest capital can get the maximum profit. And this is taught in schools in economics books.

What is Bob Sadino's view of this Economic Principle?

He say this wrong principle. According to him, if we want to catch the Shark it is impossible to use small bait.

This means that to get a large profit, it requires a large capital. So according to him the correct economic principles are:

With a small capital, the benefits are certainly small. Similarly, with a large capital, the benefits are even greater.

Business Principles.

People usually open a business because they want to get benefit from the results of the business.

So no wonder, before opening a business there are several calculations, including:

1. Capital.
2. the Place.
3. Estimated profit time or Break Event Point.

For example, if the results of the three calculations are estimated to result in losses, then the business will never be conducted. Withered before bloom.

It is different from the principle of Bob Sadino's business. He opened a business because he wanted to find a loss?

What? Strange way of thinking!
Maybe you will be a little surprised by the principle of business like this. However, let's discuss this knowledge.

Business, there are advantages and disadvantages. Never fortunately forever and vice versa. Well, because there are advantages there must be losses.

So vice versa, there are losses there are also benefits. If we seek loss, it will definitely benefit. So, the point is the same. Only the point of view is different.

Is that the essence of this principle?

Apparently, there is something different!
Although the end result is the same, which is looking for profit. But it will be different on the psychological impact of his business.

People who open a business for profit, if in the calculation he loss. That business will never exist.

But on the contrary, if that person opens a business for the sake of looking for losses. Then this business will run.

Because he does not care about all the calculations and economic principles. For him there is only one principle:

Just start first!

Later, if a business loses money, at least it will gain profit, which is knowledge and experience of the business twists and turns experienced by themselves.

So that it becomes a guideline, if you later open a business again, what aspects and where are the points that need to be fixed.

Super right?

Smart Leader.

"Because I am stupid, so to take care of various things in my work, I hire smart people."

1. I do not understand the law, so I recruit people who are smart in the field of law.
2. I'm not good at Accounting, so I assigned accounting experts to take care of that.
3. I do not understand the field of hiring workers, so I hired a great person to fill the position.
4. And other fields that I cannot handle and understand, so I recruit smart people to fill available positions.

Quality Seller.

In the seminar that I attended, where Bob Sadino was present as a speaker. Besides some strange principles that he revealed.

There is one story about the business principle that he holds. That principle is selling quality.

He has a shop, where the store sells water spinach several times the price on the market. This is questionable, whether the goods will sell because the price is expensive.

He replied that he was not selling water spinach. What he sells is quality. His shop provides goods that are of good quality.

So when selling goods according to the market the price is expensive. Buyers will definitely buy it too. Because they believe that the goods sold are the best.

If I follow the advice of an analyst to reduce the price of spinach to sell quickly. Then the buyer will wonder: is this product not of quality or experiencing quality degradation until the price is lowered.

If this happens, the buyer will no longer trust the quality offered by my store. So I don't want to reduce the price of the item.

Although this principle is not a matter of new theory, because many people have already applied it.

But I was somewhat surprised by this Bob Sadino concept. Because cheap goods can be processed into expensive items with the principle of selling this quality. Great. Open insight into thinking.

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Thus the article about the World's Greatest Economist in my view. You as a reader, may agree, may not. But we are sure, that the figure of Bob Sadino is a great figure that we can learn from him about the bussiness. Warm regard.