How Roman Abramovich Became a Billionaire at Age 34, and Why Most Managers Struggle



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When he was only 36 years old Roman Abramovich bought Chelsea Football Club. Within a year he had spent £90m on new players and Chelsea finished 4th in the league.

Mr. Abramovich’s reaction was to fire the Manager in 2004 and bring in Portuguese coach Jose Marinho. In 2005 Chelsea won the Premiership, The League Cup and the Community Shield. They also made the semi final of The Champions League.

Mr. Abromovich’s behavior differs from that of most other senior managers in four important ways.

Do it Now

He didn’t get to be a billionaire at the age of 34 by putting off important issues until tomorrow. It is a sure bet that he never hesitates to do what needs doing today. He is not a man to be deterred by constraints of budget, resources or other people’s attitudes or opinions.

Make it happen

Even the most cursory study of Mr Abramovich’s career shows that whenever he’s involved he makes a difference. He is not a man who allows anything to deter him from what he wants to achieve; just look at what has happened in Chukotka province since he became Governor only 5 years ago.

He employs the best people then gives them the best leaders, resources and coaches to make sure they deliver to the highest standards.

Build on Success

Most managers do not seek to improve their team until things are going wrong or their people are overloaded and stressed.

Roman Abramovich brought in a first class coach when Chelsea were doing well but needed a little extra to make them into table toppers.

This very successful business man deliberately builds on success - most ordinary managers only try to fix things when they think they’re going wrong.

Provide the Resources to Achieve the Results

When it comes to taking risks most managers don’t want to know. “Safety first” is their motto. “Keep a low profile”. “Keep your head below the parapet”. “Don’t put your wage packet at risk.” Such attitudes only ensure that their ideas are incinerated on the fires of corporate bureaucracy. Their passion is dissipated by their lack of courage to push their plans through to implementation.

I would bet a lot of money that Roman Abramovich does not think about safety. I’ll bet that he focuses all his attention on the result he wants and that he makes it his business to provide the resources necessary to achieve those results.

What about you?

Good questions to ask yourself are: Are you focused on the results you need? Have your team got the resources they need to achieve those results? Are you allowing constraints of budget or company policy to hold you back? How big a player do you really want to be? What is it about the way you behave that’s holding you back?



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