OLEG VIKTOROVICH BOYKO

Oleg Boyko

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Quotes

By Oleg Boyko, specially for Forbes magazine:

From article `How to become a billionaire: your "inner woodpecker" and other essential personal qualities`

“There is a personal quality which I call one's "inner woodpecker" -- a consistent, persistent draw toward achieving goals; a constant anxiety, where every result becomes an intermediate step in moving toward the next result. And this quality is inborn. It can manifest early or late, under the influence of another person, prevailing circumstances, or just all by itself. However, without such an "inner woodpecker," continued success is impossible.”

“If a business process is set up in a way where the people involved in it are satisfied and happy (each in his or her own way), then results will follow. Emotions are a powerful driving force, the single universal currency of humankind. Therefore, of you can manage your emotional strength, you can manage everything. The entire, in other words, biosphere of consciousness.”

“What else distinguishes successful businesspeople? The simultaneous possession of an analytical intellect together with creativity, as well as inventiveness, and an ability to find unorthodox approaches. Most billionaires' histories share one common point -- each of them did quite familiar things, but better than anyone else. Even Steve Jobs, for the most part, produced no new discoveries.”

“Big money, and big success, cannot but influence a person's nature. A person is in some ways a chemical robot, whose actions depend on what is in his or her blood, and the ambient emotional environment at the moment. The possession of big money induces a heightened level of psychological stress, requires the mobilization of one's will, and ultimately leads to a sharp increase in the complexity of solving pressing problems. If you just fall into a favorable happenstance where you coincidentally made more money than is in your nature to make, then it can be a burden to your psychological organism, and you can overheat. As a result, you end up in a situation which is uncomfortable by definition, leading you to make mistake after mistake, until your newfound wealth slips through your fingers.”


From article `How to build partnerships while avoiding conflicts of interest`

“All the periods of my life, except for primary school, were turbulent and even extreme. I got into circumstances that have tested and demonstrated the reliability of other people in different situations. Often I had to part with partners who did not meet expectations. Parting was never the best. Any divorce is a crisis situation. And yet, all of the businesses I have created, and continue to create, I build on a partnership basis.”

“Partnership is an exchange of competences and complementary skills. Partners are the main asset and the driving force of any project in any company. They may be investors, strategists, negotiators, analysts (business wisdom based on experience - a very important thing) and managing partners. When there is money, the fastest way to develop a business is the acquisition of companies that already have an able-bodied counterparts. "Finstar" uses this method.”

“A successful partnership can be built on dominance, or on the save level. From the very beginning it is necessary to negotiate and lock in writing who is responsible for what and under what conditions the partnership can be separated, if a party desires. Competent partners are always a plus if you learn to communicate with them and build an organization capable of consolidating and maintaining their communication with each other. Any large business is primarily based on emotional leadership. The ability to create around oneself an environment in which people are interested to work with you. Of course, building relationships with partners, people with serious ambitions and self-importance, especially in a situation of conditional conflict of interest, that any partnership is a very difficult task. But did anyone ever say that business was easy? ”