Who Is Dietrich Mateschitz?

Written by Mike Litman


Hope you're having a GREAT Day!

Last night I was readingrepparttar latest issue of Forbes magazine.

It's an awesome magazine and this specific issue was about a group of 620 people that have something in common.

They're all billionaires.

I started readingrepparttar 102845 story ofrepparttar 102846 first person they were featuring and as I got deeper and deeper inrepparttar 102847 story, powerful success insights jumped out to me that I wanted to share with you.

The story was about Dietrich Mateschitz.

I didn't recognize his name either, but reading further I recognized what he’d built.

Have you seenrepparttar 102848 energy drink 'Red Bull' that's been a huge hit inrepparttar 102849 U.S. and worldwide overrepparttar 102850 last 5 or so years?

That’s' what he started and now he's worth a whopping 2 BILLIION dollars. But here's what important:

I want to share with you 3 success insights that I isolated in his remarkable success story that YOU can use in your life and business starting today.

You ready? Awesome, let's go.

1) Takingrepparttar 102851 Long-Term View - So many people act on an idea, do it for a month, it doesn't 'work', so they go on to another idea, it doesn't 'work' and they repeat this vicious cycle for most of their adult lives.

Immediate gratification isrepparttar 102852 desire of too many people. I know this as much as anyone because I’d been very guilty of this myself years go.

Let me quote fromrepparttar 102853 article: "Forrepparttar 102854 next 3 years Mateschitz tinkered withrepparttar 102855 drink formula and developed a marketing strategy."

Mateschitz and all GREAT entrepreneurs take a LONG-TERM VIEW, not a week- or month-long view. They realize great things take time to evolve, to build.

They realize they need to make a ton of mistakes in order to discover what works. So many of us have had million dollar ideas and we gave up on them MUCH too soon.

Look at your idea over a 1-year view, 3-year view, or even more. It will give yourepparttar 102856 'room’ you need to grow yourself and your business.

We all need to earnrepparttar 102857 right to be rich and that takes place through persistence, patience, and action.

Electronic Kanban, Not Fax to Signal Replenishment

Written by Sam Bayer


The use of supermarkets is a kanban best practice. They insure steady availability of material to consuming cells, albeit at a cost of maintaining some inventory buffer. But how do supermarkets stay stocked atrepparttar minimum inventory levels? Manufacturers, like DJ Orthopedics has linkedrepparttar 102844 supermarket electronically to internal suppliers in their machine shop. This level of e-kanban Lean efficiency is accomplished through Signum,repparttar 102845 product of Datacraft Solutions (www.datacraftsolutions.com).

FAX Kanban is Not Efficient and Not Lean

At ten minutes per fax, someone is spending 3.5 hours per day in administration time. That inefficiency results in less time to utilize more suppliers or improverepparttar 102846 relationships with existing suppliers.

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