The 7 Common Traits of Wealthy Business Owners

What I’ve learned in the last 6 years of consulting

I started consulting within the banking industry years ago and I’ve interacted with wealthy clients from a variety of different backgrounds.

I’ve worked with founders from all industries, including grocery store chains, steel manufacturers, accounting firms, and strip clubs.

I noticed there are a few traits they all have in common.

Different banks have a different metric for what a “premier” or “wealth” client is, but it’s always defined by how much money they have at the bank.

At the first bank I worked this was customers with over $500,000 of assets within the institution. They may have (and probably do have) a lot more money elsewhere, but this is the minimum level to be labeled a higher-tier client.

At the second bank, it was $1,000,000 in assets or more.

The people I’m talking about here are the top 1% of this client base and these are the 7 traits they have in common.

Super wealthy people don’t waste their time doing activities that don’t benefit them.

Time is the ultimate currency. The whole purpose of working is to buy back our time. Most people do this by saving for retirement. The wealthy do it so they can do what they want, when they want, and how they want.

I had an appointment scheduled at 11 am once with the founder of a grocery store chain. This grocery provider has over 100 locations in my state alone, and over 600 store locations across the U.S.A. My 10 o’clock appointment ran 5 minutes over.

Before I could welcome this man inside my office he already left. The 5 minutes was too much of a delay for him.

This is kind of extreme in my opinion. I don’t feel anyone should be this impatient. But it’s common among people that work…

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