Success Advice
10 Powerful Habits of The Ultra Successful
“Successful people are simply those with successful habits” – Brian Tracy
We often run through life, envious of all the people who “made it”. Not being able to recognize exactly why they are where they are in life. We’re confused as to what trickery or black magic these people have applied in their life that has enabled them to rise to the top of their industry. Unfortunately we’re never able to distill this “special ingredient” or “secret” that has kept us in doubts for so long. Eventually it can even drive us to the brink of insanity But I’d say we’re searching for the wrong things.. How so?
- What’s the one thing that made him so much money?
- What’s the one thing that allowed him to have so many friends?
- What’s the single source of his great health?
- …
We’re primarily focused on certain events whilst almost every (if not all) successful aspects we recognize in a person is the sum of different processes. These processes are basically different habits that have been built up over time which have compounded in the results they’re experiencing in their life. I call this habit-stacking Habit-what? ——————————————————————————–
What Is Habit Stacking?
Habit stacking is the process of incrementally (meaning gradually) implementing new, empowering habits in your day-to-day life. These daily, high-leverage tasks will “stack up” over time which will in turn improve what I call your “success-level” For illustrative purposes, here’s fancy infographic I made; The quantity and quality of every success habit performed, will define the altitude of your success-level. I’ve seen this pattern recurring in many different successful people I’ve observed the past years. People like Warren Buffet, Anthony Robbins, Elon Musk, Arnold Schwarzenegger, Owen Cook and many more. The people who obviously “have their stuff together” The stacking of these habits creates an immense amount of control over their life and therefore yields the compounding results they have acquired.
By analyzing and defining their different habits, I’ve compiled a list of what I believe are the 10 most potent habits to implement in your life.
Ten Essential Success Habits
(Speed) Learning
I’ve seen this habit recurring time and time again. The wealthiest people of the world are avid learners. In an interview , Warren Buffet and Bill Gates were asked if they could have one superpower in the world, what would it be? They both argued that being the worlds fastest reader would be HUGE Why is it so effective?
Reading allows us to skip (partially) the process of trial and error by simulating the future in our mind, based on the knowledge we’ve acquired from other peoples’ mistakes. Why make your own when you can learn so much from others?
It allows us to “stand on the shoulders of giants” by acquiring information that enables us to avoid many failures.
How to start? Start by reading 15 pages every day (non-fiction)
Visualization
Often in life we harbor dis-empowering thoughts in our head;
- I’m not good enough
- I’m not good with women
- I don’t deserve to be rich
- I’m not able to lose any weight
- …
These are all perfect examples of limiting beliefs that become self-fulfilling prophecies and basically rob ourselves of everything we want out of life. People are not limited to these perceptions and are actually able to change these for the better (however, not many realize they can do this) How you perceive yourself and your surroundings literally sets the boundaries of your individual accomplishment. It basically defines what you can and cannot do. This is a social theorem defined by W.I Thomas and D.S. Thomas;
“People react not only to the situations they are in, but also, and often primarily, to the way they perceive the situations and to the meaning they assign to these perceptions. Therefore, their behavior is determined in part by their perception and the meaning they ascribe to the situations they are in, rather than by the situations themselves. Once people convince themselves that a situation really has a certain meaning, regardless of whether it actually does, they will take very real actions in consequence.”
So what should I do? Improve your self-image and your image of the world and likewise will your accomplishments grow to greater heights. The way I do this is by writing down how I want to perceive myself and visualize in detail how I will act in certain situations. Repetition is key! Eventually it will become real. This might sound like the black magic I referred to earlier, but it goes much deeper than that. You could argue that this is yet another pseudo-scientific trick to justify positive thinking but I personally believe (from several experiences and observations) that this “trick” works.
How to start? Read books like “Psycho-Cybernetics” by Maxwell Maltz, “Think and Grow Rich” by Napoleon Hill and “As A Man Thinketh” by James Allen (FREE DOWNLOAD)
Exercise & Diet
Our body is probably the single most important investment we can make in our life. And the only one we’re 100% convinced off that we’re always going to need it. Yet I see so many people gulping down fast-food, copious amounts of alcohol and neglecting any form of exercise. Everything you operate needs maintenance from time to time. You can compare your body to driving a car. If you don’t take care of your car, guess what’s going to happen? Buy a new one? Nope, game over buddy!
How to start? Make sure you get the recommended physical activity every day (if you can do more, do so!). Do this first thing in the morning and just get it over with. The consequences are far more detrimental.
Goal Setting (In Writing)
Writing down your goals has been proven time and time again that they can make a huge impact on your life altogether! A study about goal setting at Harvard University in the book “What They Don’t Teach You in the Harvard Business School” by Mark McCormack discovered the following truth about goal-setting and performance;
“Only three percent of the graduates had written goals and plans; 13 percent had goals, but they were not in writing; and a whopping 84 percent had no specific goals at all. Ten years later, the members of the class were interviewed again, and the findings, while somewhat predictable, were nonetheless astonishing. The 13 percent of the class who had goals were earning, on average, twice as much as the 84 percent who had no goals at all. And what about the three percent who had clear, written goals? They were earning, on average, ten times as much as the other 97 percent put together.”
The truth is simply this; without goals you don’t have any direction in life and nothing really tangible to work towards. Result? You get nowhere. Pretty obvious stuff, right?
How to start? Set some goals! Here’s how I do it.
Planning & Prioritization
Do the most important things first. This is such a simple concept talked about by many high-achievers. I’ve read about this in “The One Thing” by Gary Keller, “The 7 Habits Of Highly Effective People” by Stephen Covey and “Think And Grow Rich” by Napoleon Hill What they all basically say is that you should find your one, most important focus for every single day (aligned with the goals you’ve set out for yourself) and consequently annihilate that goal in the morning until it is finished – everything else is a distraction. Simple, yet not easy.
How to start? Find your one, most important task for the day and execute accordingly. Also set a time limit on these goals, so you don’t get stuck in saying things like; “I’m done at x hour” or “my work gets done when it’s done.” Limitations create urgency. Urgency gets things done.
Money Management
Another big pillar in success is shifting from the consumer mentality into the investor mentality. See your little dollars as seeds. By spending your hard-earned money in a smart way you’ll be able to grow your investments into bigger pay-offs over time
- Don’t buy ridiculously overpriced smartphones
- Don’t amass great amounts of debt
- Don’t live above your means
- …
Basic stuff like that makes a huge difference over time.
How to start? Read some great books on financial beliefs and money management like “Rich Dad, Poor Dad” By Robert T. Kiyosaki, “The Millionaire Fastlane” by MJ Demarco and “The Intelligent Investor” by Benjamin Graham.
Waking Up Early
Our time on earth is limited. With our average life expectancy of 78.6 years (as of 2014) we spent 25 years of that sleeping! Tai Lopez (who became a self-made millionaire in his 20’s) says that we only have 50 000 valuable hours to really dedicate to doing our greatest work. The rest of the time is spend in disability, sickness, sleeping, old age, young age and so-forth.
Imagine that I give you a check of $50 000 in the beginning of your life, how scarcely would you spend those dollars?
How to start? Start waking-up an hour earlier everyday! That’s 365 hours extra a year which equals more than two weeks! What are you waiting for? Tick-tock.
Build On Strength
We’re all born with our unique sets of strengths and talents yet we rarely develop those to our natural capacities. We fall into the trap of believing the “you can be anything you want” fairy-tale that has been fed to us by our surroundings. The truth (IMO) is this: We can only perform optimally from strength. Talent and investment serve as amplifiers for your achievement level. TALENT X INVESTMENT = STRENGTH Investment can be self-generated whilst raw talent is incredibly difficult to add.
While it may be possible, with a considerable amount of work, to add talent where little exists, our research suggests that this may not be the best use of your time – Strengthsfinder 2.0 by Tom Rath
My take on strengths is the following; Build your life on what you’re good at, but improve your weaknesses to the degree that they don’t hold you back.
How to start? A great way to get started and gain some priceless self-knowledge is by taking the personality test at 16Personalities.com. I found the results disturbingly accurate yet amazingly insightful.
Networking & Social Skills
Many successful people are not where they are solely because of their many skills and talents (which they have) but because they made themselves known to others. Ever heard the statement; It’s not about what you know, it’s about who you know? In terms of success this certainly rings true. Mostly it’s not you that rises trough the ranks by your own effort. People rise to success by others lifting them up.
Additionally, by surrounding yourself with these “high-achievers” your own performance level will be increased. This is because the people we see regularly set the standard for what is appropriate and therefore we’ll adjust to that environment.
How to start? Read some books on basic social skills like “How To Win Friends And Influence People” by Dale Carnegie and get some great resources on networking! One website I’d definitely recommend is SmartBusinessRevolution.com by John Concoran (he has a GREAT free ebook).
Character
And last but certainly not least important: Character! By setting for ourselves a certain standard for acceptable behavior, we’re able to connect with other people on a genuine level. Things like; being honest, keeping secrets, having integrity, not cheating, not stealing and so-forth. People automatically want to connect with the ones who don’t have hidden agendas and are pure of heart. Immorality breaks relationships.
How to start? Write down for yourself a certain set of rules (a code of conduct) you will live by that will lead to a successful life (whatever that means to you). Be sure to include the essentials like integrity, honesty, responsibility and so-forth. Read these values when you get out of bed and live accordingly.
Essence
I know this can be a lot to take in and therefore I highly recommend building up each habit until it has become a natural part of your day-to-day routine. (don’t take on more than one at a time – two at max) New research shows that the formation of a new habit can take anywhere from 18 to 254 days (66 on average). So consistency is key here. Start with small steps and slowly build them up. Notice also that almost all the habits I’ve mentioned above are short-term sacrifices that will result in long-term benefits.
By overcoming forms of instant gratification like cheating, watching tv, splurging money, binge-eating and whatnot we set ourselves up for a great future. Delayed gratification is your ticket to success! (Which doesn’t mean you’re not allowed to enjoy life – within reason 😉) Anyway, that’s all I have to say on success habits for today. I hope I’ve been able to spike your curiosity to try out a new habit (or improve the quality/quantity of an old one) So, that leaves me with just one more question;
What other “success-habits” do you know?
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Thanks for taking the time to read my post! I really appreciate it.
If you’re having anymore thoughts or questions about this topic, feel free to share them with me in the comment section below!
Take care, Simon
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How to Alter Your Business Approach With Technological Advancements
Keeping up with technological trends has become a challenge for almost every business owner.
Technology’s evolution has impacted everything, and business is no exception. Keeping up with technological trends has become a challenge for almost every business owner. Entrepreneurs unable to do so are being wiped out of the market.
There is no doubt that AI (Artificial Intelligence) and ML (Machine Learning) have taken over the business world. These technological advancements are impacting decision-making, success percentages, and other entrepreneurial aspects.
Adapting to these developments is integral to business success. Let’s explore how you can accomplish these milestones.
Embed the strength of AI and ML.
AI has modified business operations in major ways. For instance, companies have employed bots for customer support. These bots go through an effective learning process via Machine Learning before being able to answer like humans.
According to CyberGhost (CG) bots can also perform detailed data analytics and make business moves with high success percentages.
ML is used more for the analysis of data chunks and generating successful predictions. This simply means that business owners do not have to worry about large-scale financial losses.
In terms of deployment and usage, a reputed company like Netflix employs machine learning for decision-making.
Blockchain is increasing the count of business opportunities
Tampering of financial transactions is quite common and causes severe monetary damage to customers. With the rise of digital payments, this risk has increased.
Blockchain is used to elevate your experience for monetary transfers. It combats penetrating events to extract confidential customer information.
Most business sectors are using block chain but finance and supply chain management sections have a higher count. These two corporate sections have several monetary deposits and withdrawals taking place.
In terms of percentage, approximately 72% and 5% of finance and supply chain firms have implemented block chain successfully.
Dedicate Yourself to Continuous Learning and Individual Development
You invest in learning some of the very important skills, including digital marketing, financial management, and how to gain customers as an entrepreneur.
You need to set up your knowledge base about doing business on Coursera and Udemy with the basics that are necessary for the business, building further by networking with experts through webinars.
Besides, Agile methodology will introduce elasticity to your company: this review and feedback system with further correction regularly will allow for enhancing efficiency and promptly reacting to the market.
Developing key skills to achieve goals
Running a business successfully is not only about having niche/domain knowledge. Business owners need to have communication / soft skills as well in addition to niche information.
Here are some key technical/domain-related areas that business owners should have a strong grip on.
Data Storage on Cloud: These days, companies do not store their data on physical servers. Therefore business owners should know how data is stored/edited/removed/updated via AWS, Azure, Google Cloud, and other platforms.
Data Analysis/Interpretation Qualities: These days, data is as precious as gold. Business owners with data analysis abilities make correct predictions. As a result, their ventures grow in volume.
Development/Coding Knowledge
Programming knowledge gives business owners an edge whether the application is developed in-house or outsourced. It assists in getting updates deployed and handling application underperformance without getting professional support every time.
Hacking proof framework
There is no benefit of having an advanced automated system if can be penetrated. Successful business owners have above-average knowledge of cyber security and hacking attempts. They are able to choose top-notch anti-hacking software without much of an ambiguity.
Communication Abilities/Soft Skills
Here are some key communication qualities that business owners should have:
Communication/Conversation: Business owners should use to-the-point sentences in both written and oral communication.
Issue Resolution Abilities: Business owners should be able to drill down to problems and solve them. This is done successfully only if an entrepreneur has in-depth business domain knowledge.
Agile Implementations
It is mandatory for business owners to have knowledge of iterative/agile models. With such a competitive environment, it is impossible for business owners to succeed without adopting an agile framework.
Create a productive well-crafted Business Strategy
A productive business venture starts with a clear vision. The first factor making a business successful is the idea behind it. It helps with endless growth and combating competition successfully. Katherine Philips once mentioned that business goals are inevitable if goals are set concretely.
- Goals should be based on smart achievements instead of complexity. Focus on the value that each one of them adds.
- Business objectives should not be vague. Key indicators should be constructed to measure the success/failure of each milestone.
- Be realistic when setting goals. Do not aim at impossible milestones since they can be demotivating.
- Milestones/goals need to be time-bound. Set a completion deadline for each one of them.
- Business goals should not be alien. Owners can think out of the box but not be obsolete / unrelated.
Create a productive well-crafted Business Strategy
Business owners cannot succeed without having a network. Some tips help in this case. Attend conferences and professional gatherings to connect with other entrepreneurs.
Here are some other related points business owners should pay attention to.
- Attend meetings and conferences to stay updated with trends and meet business owners who already have well-set ventures. This helps in enhancing the learning curve of new / growing entrepreneurs.
- Being a part of business communities/groups is very productive. When one shares opinions and discusses decision-making tactics, it helps in preventing errors and enhancing success rate.
- Even the most experienced business owners have mentors as learning never stops. Take part in mentorship programs so there is an assurance that you are following the correct roadmap.
Conclusion
There is absolutely no doubt that business dimensions have evolved with technological advancements. Successful entrepreneurs have grabbed these changes in due course of time and continue to evolve. On the other hand, people following old paths and conventional steps fade out of competition. In a nutshell, keep an eye on the processes and practices you follow as these factors decide success rate.
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