Success Advice
7 Qualities Of The Highly Successful
What separates the highly successful from those who are “just getting by“?
This is a question that a lot of aspiring entrepreneurs have when they are just starting out. You have read all the books and learned all the skills but your mindset and “know how” may not be quite there yet.
Here is a list of the 7 qualities that the highly successful live by.
1. They Are Actors On The Pitch Of Life, Not Spectators
The vast majority of people live in Dreamland where they wish, hope and pray that things will turn around in their favor, the highly successful are those who get up and take action! They never wait for a more favorable condition or time. They simply set out to get things done.
Nolan Bushnell (American engineer and entrepreneur) once said:
“The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer.”
J.K. Rowling worked on her first ever Harry Potter novel when she was a single mother who just lived off welfare. Yet, she didn’t let that deter her. J.K. finished the book and asked publishers all over town to help get the book published. As you would expect, they rejected her and even criticized her harshly because she wasn’t a well-known author yet.
It appeared like nothing was working out for her but she kept at it. She chose to continue and to push through.
In 2014, she became the first ever billionaire author!
2. They Love What They Do
A very remarkable story that reveals this is that of Steve Jobs (American entrepreneur, marketer and inventor as well as the co-founder, chairman and CEO of Apple Inc).
In 1976, when he was 21 years old, he and his friend (Steve Wozniak) started Apple Computers from the Jobs’ family garage. Apple went public on Dec 12, 1980 with a value of 1.2 billion dollars on its first day! In the next few years, Apple suffered significant design flaws that resulted in IBM suddenly surpassing Apple in sales. By 1985, Apple forced Jobs to resign from the company he co-founded!
He picked himself up quickly and started a new hardware and software enterprise he called “Next” To cut the long story short, in 1996, Apple purchased “Next” for $429 Million and eventually hired Jobs as the CEO.
Today, Steve Jobs’ is quoted to have said:
“Sometimes life hits you in the head with a brick. Don’t lose faith. I’m convinced the only thing that kept me going was that I loved what I did. You’ve got to find what you love.”
Yes indeed, you have to discover what you love to do, and be the best at it.
3. They Don’t Stop Until They Get There
I remember hearing the story of Colonel Sanders (founder of KFC) sometime ago. He drove all over America and offered his fried chicken recipe for a certain percentage of the sales. He knocked on several doors, slept in his car and carried on walking around in his white suit even though he already got 1,009 refusals! On the 1,010th time, he finally got a “yes”.
Thomas Edison on the other hand, had his teacher say to him that he was “too stupid to learn anything”, and was fired from his first two jobs for being “non-productive”.
As an inventor, he made 1000 unsuccessful attempts at inventing the light bulb.
When a reporter asked “How did it feel to fail 1000 times?” Edison replied:
“I didn’t fail 1000 times. The light bulb was an invention with 1000 steps.”
Joe Girard said:
“The elevator to success is out of order. You’ll have to use the stairs…. One step at a time.”
Simply put, highly successful people have a different understanding of the word “FAIL”.
To them, to fail just means “First Attempt In Learning”. So every time they seemingly fail, they consider that to be that they have only found one more way that it didn’t work and then they move on.
Walt Disney was fired by a newspaper editor because “he lacked imagination and had no good ideas”.
He went bankrupt several times before he finally built Disneyland. In fact, the proposed park was rejected by the city of Anaheim on grounds that it would only attract riffraff.
Today, the Walt Disney Company has annual revenues of approximately $35 billion!
4. They Focus On Serving Others Rather Than Being Served
Highly successful people know that true success is about serving others with great value rather than living a self-centered life. They know that being selfish, stingy and money driven can help make you money at first but it’s not really a good plan for long-term success. They focus on serving other people and helping them even if it means giving up some of their own resources!
In most cases, successful people define their success on the basis of their positive contributions to others rather than how much money they make. Incidentally, it is practically impossible to really make a remarkable
contribution in the lives of others without making money as well. So the undiscerning are quick to assume that the successful became successful by making more money.
However, it is important to note that it is not that the successful have no care for money. It’s just that money isn’t their focus and priority in life.
5. They Have Clear Cut Visions
A very common factor among the successful is that they all have clarity and certainty about what they want and don’t want out of life. They set SMART (Specific, Measurable, Attainable, Realistic, Time-bound) goals in line with their vision. They have identified their core values (what is important to them) and go all out to live in line with them. They know exactly what they want to achieve and then they chart their course towards it.
Aside from having crystal clear short and long-term goals, the successful also determine exactly what they MUST accomplish each day to bring them closer to their already defined goals. They take full advantage of the “Golden Hour” principle which takes the first hour after you wake up in the morning into consideration. It is assumed that what you do mentally, physically, emotionally, and spiritually during this first hour, sets the tone for the entire day.
6. They Keep Improving Themselves And What They Do
Not a single one of the success stories you would hear of out there started out successful. In fact, for many of them, they were laughed at or even scorned as they began to dream, plan and take the necessary action towards the accomplishment of their set goals. Through thick and thin, they just kept on improving themselves over and over again. It was this self-improvement over time that impacted on the quality of what they did and made them the success that they eventually became.
For instance, did you ever read that Michael Jordan and Bob Cousy were each ousted from their high school basketball teams? How does it feel to know that Michael Jordan who later in his life was addressed as the “Best Player Ever” could not be included amongst the 10-best players in a tiny Laney High School in Wilmington? At the time he was simply not good enough or else, he would have been on the team.
Michael, later in his career, went on to say:
“I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot … and missed. I’ve failed over and over and over again in my life. That is why I succeed.”
No matter what you have decided to do, be sure to see that you are consistently adding to your personal value as well as to the quality of what you do. Strive to see that you never do things of the same quality twice!
Steve Jobs once said:
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.”
Dare to be different.
7. They Understand The Importance Of Discipline
One other quality of highly successful people is that they understand the importance of discipline and self-control. They have come to know that it is not every route that will lead to their desired destination. Hence, they discipline themselves to follow only the route that leads their way. That is why they almost always come across others as mean people!
They constantly work at educating themselves, either formally (academically), informally (watching, listening, asking, and reading) or experientially (doing, trying)… or all three.
This also translates into their ability to maintain their focus on one thing rather than everything. Whereas the ordinary or general public would have long lost focus and concentration on what really matters.
Through discipline, highly successful people know how to pay attention on the one thing that really matters – their goals!
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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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