Life of "Pablo Escobar" has been larger than life and controversial at the same time. Lately I have watched and read almost every piece of information around his life. Here is my take, encapsulating Top 10 Business lessons learnt from Pablo Escobar's Life Story:
1. State of Monopoly is the prime most phase of an entrepreneur. Enjoy it while it lasts. Exercise the power of monopoly in your business and reap the most benefits in this phase.
2. Product Market fit will fetch you the maximum profits. Though here the actual product was not legal yet been the most in demand for the markets the business catered to.
3. Keep a close watch on your consumers, and a closer hold on your competitors
4. Overconfidence will make your business watch sunset soon, irrespective of the unbelievable rise of your empire.
5. Underestimating the power of competition will be a distraction your business will not be able to afford in the long term.
6. Learning to adapt to the surrounding is a must for survival of every entrepreneur.
7. Money is only a tool to be used as a medium for business transaction, not the ultimate purpose.
8. The repercussions of unacceptable decisions made in the professional life will definitely affect your personal life.
9. As a leader, one must decide in advance "what amount of profit is enough and when to let go off from the temptation of expansion & earnings".
10. Power of intention is retained in loyalty of people working for you.
