Success Advice
10 Reasons Why Most People Are Major Failures
Over the last three years, I’ve studied what helps to make people successful (particularly young people), regardless of their age, industry, background, etc. Some of the reasons these people are successful in areas spanning from weight loss to entrepreneurship are obvious, yet some of them will surprise you.
Are any of the following things holding you back from success? If so, how are you going to tackle them head-on today so you can ultimately be successful?
Here are 10 things that hold people back from success:
1) Perceived Risk
When people think about what they want to do in life and what they may have to change or give up to get there, they get scared. It’s human nature. However, most people don’t look at the risk they take by remaining at the job they hate, the station in life they are in, or by remaining complacent in general.
As an entrepreneur, if you think it is a risk to leave a salaried job to try and fend for yourself, think about the risk you run leaving your livelihood in the hands of one or two people who can take away your source of income and stability in one or two swift decisions if they really wanted to. Most people think going after their dreams is a big risk, but it’s really just skewed perception. The real risk is not giving yourself the opportunity to be great and staying where you are in life, only to regret not chasing your passions.
2) They Haven’t Found Their “Zone of Genius”
Many people know what they are good at, but still haven’t found success. Still others know what they are truly passionate about in life, yet they too have also not yet found success.
One thing that may be holding someone back from achieving success is that they haven’t taken time to find their “Zone of Genius”, or where there passions and skills intersect, allowing them to be one of the best in the world at what they do. Take time to do the simple exercise of listing your skills and passions on two different sides of a piece of paper, and try to connect things from both lists until you find a mixture that you can capitalize on given the fact that you’ll be good at such an activity and that you’ll be passionate about the same activity.
3) They Just “Kinda” Want It
If you haven’t watched this video with voice-over from the “Hip Hop Preacher”, stop reading this article and go do that. The video is of a football player who is training extremely hard, refusing to let his dreams pass him by without a fight. As you watch the player train, you’ll hear Eric Thomas (the “Hip Hop Preacher”) in the background talking about success. Through the story Eric shares, he shows that most people don’t really want to be successful desperately enough; they just “kinda” want it. He boils it down to this:
“When you want to be successful as bad as you want to breathe, then you’ll be successful.”
The sad truth is, most people want to hang out with their friends, watch TV, or even sleep more than they want to be successful. If you want to be success, go after something with 100% of your passion and effort!
4) They Don’t Bounce Back
If you haven’t noticed, life isn’t easy sometimes. In fact, if you are chasing lofty goals, there’s going to be a lot of resistance. Whether it is internal conflicts in the mental, emotional, or physical realms (sometimes all three at the same time!) or external pressures like doubt from others or competitors attempting to shoot you down and stop you from achieving your goals, it is obvious that the people who are being held back from success are those who don’t bounce back.
2 Billion Under 20 contributor Jack Andraka emailed hundreds of scientists before one unenthused professor agreed to let Jack work in his lab. Jack went on to develop an early detection system for pancreatic, lung, and ovarian cancers that helped him win Intel’s ISEF competition at just 15. Similarly, another 2 Billion Under 20 contributor Sam Mikulak hurt both of his ankles just one year out from Olympic trials for the USA Men’s Gymnastics team. He bounced back, made the squad for the 2012 London Olympics, and garnered 5th place in the highest level of competition possible in his sport.
5) Excuses
We all struggle to stay motivated every single day. Even the hungriest of individuals have trouble not hitting the snooze button every once-in-a-blue-moon, going hard in every workout, or doing the things necessary to scale a business. However, when excuses are lurking around the corner, that’s when it is time to look inward and remember exactly what you are chasing in life and why you are chasing it. Many people will say they don’t have enough time, money, energy, etc to change their life, but what separates those who achieve success with those who don’t is how they handle potential excuses that enter their thoughts.
Don’t be afraid to start a side business to get out of a 9-to-5 job or begin science research on something that has never been attempted before.
6) They Don’t Share
Helping others may be the single biggest thing you can do to catapult your way to success quickly. Don’t hoard your network, knowledge, or anything else for that matter. Successful people are happy to make introductions between two people who may benefit from knowing one another, mentor others who may need a helping hand, and build a community of others to connect with around them as all the members of 2 Billion Under 20 have come to be a part of.
No matter how independent someone is, they can’t achieve success alone, and those who are struggling to find success and are not giving back to their community, offering help, and being of service to others are doing themselves a big disservice.
7) They Don’t Surround Themselves With Winners
Many people are held back from being successful because they associate with the wrong groups and types of people. If you associate with negative people, people who aren’t successful, and people who aren’t motivated, don’t share, or (fill in the blank), then you will soon develop these unfortunate traits in your own personality. This includes your love life – your significant other may be holding you back from success if he/she isn’t pushing you to chase after your goals and become a better person. Similarly, you need to have peers, mentors, and communities that challenge you and pull you up to their level of success rather than drag you down when you are attempting greatness.
8) They Listen To Too Many People
If you were trying to start a successful business, would you take advice from a Starbucks barista?
Or if you were trying to lose weight, would you take work-out tips from someone who was out of shape?
It may seem obvious, but many people who haven’t achieved success yet suffer from taking too much advice. Many of these people mean well (which is actually the worst trap because you know that their words come from a place of trust and care), but at the end of the day, they don’t really know what they are talking about and are feeding you or others with information that won’t help you (and may even hurt your chances of being successful).
People who are being held short of success need to filter the good advice from the bad advice and listen to fewer, more strategic people, which brings us to our next point…
9) They Don’t Listen To The Right People
Most successful people have multiple mentors to call upon who can guide them in the proper direction in pursuit of their goals.
Whether it’s a coach, boss, professor, industry veteran, or other experienced person, these folks are goldmines for information about achieving your goals. Many people who are short of their goals are depriving themselves of this amazing resource, and by not listening to the right people, they are missing out on chances to be successful.
10) They Haven’t Defined What Success Is
I saved this for last because it is probably the most painful and obvious. What is the definition of success? Well, it differs for each person, but the people who don’t have that defined for themselves will obviously never achieve it because they don’t know what the benchmark is. It has been shown time and time again that those who have goals achieve more than those who don’t, and people who write down their goals are even more successful than the people who have goals but fail to convert them to paper and pencil.
People that are falling short of success may not know what type of lifestyle, job, or platform they are reaching for, which probably means they will never find it.
Whether these points can be directed to someone else you know or perhaps even yourself, note that all these points are things you can control! So get out there and chase after success!
Success Advice
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.
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.
Success Advice
Understanding the Power of Yes and No: How to Create Boundaries For Success
These words have a significant impact on how our success unfolds
The two smallest yet most powerful words in life, “Yes” and “No,” have a big impact on our growth on both personal and professional levels. In addition to affecting the choices we make every day, these words have a significant impact on how our success unfolds. (more…)
Motivation
From Couch Potato to Go-Getter: A Step-by-Step Motivation Plan for Everyone
By understanding what motivates you, you can turn your dreams into reality
Are you tired of feeling like a couch potato? Do you want to transform your life and become a go-getter? You’re not alone! Many people struggle with motivation, but the good news is that change is possible. (more…)
Success Advice
10 Micro Financial Habits for More Wealth and Peace of Mind
The World Economic Forum still reports that half of U.S. adults lack financial literacy
You’ve heard about developing financial habits, but what about micro-financial habits? Micro habits are the tiny things you can do every day with minimal effort that, together, transform your future. (more…)
-
Entrepreneurs3 weeks ago
5 Ways Cyber Security Planning Will Help Your Business Succeed
-
Entrepreneurs4 weeks ago
How to Grow Your Business in 2025 with AI, Blockchain, and Key Skills
-
Entrepreneurs4 weeks ago
6 World Class Productivity Hacks for Entrepreneurs
-
Success Advice3 weeks ago
10 Micro Financial Habits for More Wealth and Peace of Mind
-
Motivation2 weeks ago
From Couch Potato to Go-Getter: A Step-by-Step Motivation Plan for Everyone
-
Life2 weeks ago
Here’s The Thing About Learning, Unlearning, and Relearning
-
Entrepreneurs2 weeks ago
How Entrepreneurs Can Cultivate Courage and Use It as a Superpower
-
Entrepreneurs1 week ago
5 Smart Financial Moves Every Entrepreneur Should Consider
6 Comments