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The 7 Keys To Incredible Life Success

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The 7 Keys To Incredible Life Success

There was a time in my life, the majority of my youth, when I was a slacker whose primary skill was to find new ways to avoid anything worthwhile. I vividly remember one semester in school that summed up those years: I took only 9 credit hours and played Halo 3 for the whole semester. Literally, I did little else besides play that game. It was just a terrible waste to devote that much time to a video game. I justified it because I was “making progress” by being in college.

I’ve changed so much since then, and my internal change has created a very different set of results in business and in my personal life.

I’m relatively young at 29 years old and I’ve written two books, one of which has become an international bestseller. My book, Mini Habits, has been the #1 selling self help book in the United States and South Korea, and it’s being translated into a dozen languages.

This bit of success means so much to me because of where I came from. And if the guy who lived to play Halo 3 for several months straight can actually contribute something useful to the world, I believe everyone can improve!

These 7 things are the specific changes I made that created more success in my life:

 

1. Don’t ask what you feel like doing, plan to do things and do them

We naturally like to do what we are motivated to do, but when our motivation is lacking, it requires willpower to overcome that and do it anyway.

Everyone loves and prefers motivation. If you could have an unlimited amount of one or the other, motivation would be the choice. Wanting to scrub the toilet? Wanting to organize your tax papers? Wanting to go to the gym? Wanting to do grueling research for a project? Fantastic! …but it’s not going to happen every time or even very often. You can never count on feeling like doing challenging things. I’ve seen that successful people are those who do their work even on “down” days.

The way in which you “self-talk” reveals deep-seated beliefs. Do you find yourself thinking of what to do based on what you feel like doing? If you come into some free time, do you “float” into what’s most appealing? If so, you’re relying on motivation. If, however, you think about what tasks you plan to do without much thought given to how “ready” you feel to do them, you’re relying on willpower.

Motivation is a fantastic thing, but you shouldn’t require it of yourself to do things that matter. Do things that matter for their own sake!

The best part about relying on willpower is that it’s like a muscle. Psychologist Roy Baumeister has observed this in multiple studies. Use your willpower more, and it will get stronger. With practice, you’ll develop humanity’s most important skill: being able to do what you really want to do.

 

The rock quotes
 

2. Trust in proven processes; ignore circumstances and results

What has happened (results) and where you are now (circumstances) are irrelevant. What you do next matters. It’s easy to get caught in the trap of submitting to your environment and letting it push you around, or the self-fulfilling trap of assuming that the past will repeat itself. Thankfully, it’s also somewhat easy to not do this and follow proven processes instead.

My best personal example of this was when I started doing one push-up a day (my first mini habit). Circumstantially, I was out of shape, lazy, and felt defeated. I had poor results from prior efforts to change. I was stuck in every way. But the process of doing one push-up a day was powerful beyond its appearance—it changed my brain as it became habitual. It pulled me out of my lazy funk and gave me a foundation for exercising that enabled me to go to the gym consistently. Today, two years later, I exercise almost every day.

This is the power of process: I’m still getting results more than two years after those one push-up days! Processes, when repeated to become habitual, can last you a lifetime. So trust in the good ones like mini habits! Don’t listen to thoughts like “one minute of piano practice every day won’t accomplish much,” because it WILL.

 

3. Take smart risks with low downside and high upside

When you’re young, take risks. When you’re old, still take risks. We’re on this planet for a very limited time, and not taking risks means you’re living a boring life if nothing else. Not all risks are equal, however, so it’s important to distinguish between playing roulette and investing in a winner.

It’s simple: choose risks with high upside and low downside. This is also the basis for smart stock investments. If you choose a strong company with a stock that appears undervalued, its apparent upside seems greater than its apparent downside because the market has already undervalued it. It’s like a compressed spring: it could be pushed down further, but it’s more likely to go higher.

Here are examples of high upside and low downside risks:

  • Ask for something: Will you go to dinner with me? Will you publish my book? May I have a free foot massage? Hearing “no” is nothing to fear, and hearing yes will have you and your just-massaged feet smiling. Yes, feet can smile, but only after being massaged.
  • Bootstrap a business: We have the internet! Starting a business no longer requires massive amounts of starting capital. You can “bootstrap” your business, which means you find inexpensive ways to accomplish your business goals. Marketing is a key example; it’s “free” for me to write this post… other than the blood I sweat in the writing process. I spent less than $1,500 to create my first book, which has earned me well over 100 times that amount (one wouldn’t expect this kind of return, but this is the high upside potential I’m talking about). If you don’t want to quit your job to risk entrepreneurship, why not bootstrap a business on the side and see what happens? Wouldn’t that be exciting? If it fails, you still have a job! The “I quit my job, started a business, and it took off” story is romanticized. For most people with families to feed, that’s an example of unacceptable risk.
  • Talk to people: Much of life involves networking with others for personal and business relationships. We may avoid speaking to others if we think they won’t like us. But hey, some people might not like you if you keep to yourself. I remember in high school I was told a particular person whom I had never spoken to thought I was “stuck up,” but I was just shy. You’ll be surprised at the friends and business connections you can make by just being a bit more outgoing.
  • Create things: I’m a writer, so I love to create books and blog posts. It only costs my time, so the downside (if the world hates it) is minimal. Actually, the downside is zero, because I enjoy writing and it’s beneficial for me to practice it. The upside has changed my life! For you, maybe it’s attempting to create furniture, music, or new clothing styles. When you create something, you only pay with your time and the cost of materials for a potentially high reward; one of the best parts of creating something is the feeling of accomplishment, a reward you’ll get every time!
  • Try something new: I get it. You already know watching Seinfeld reruns and eating ice cream is fun. But what if you explored the maze that is Venice? What if you ate crocodile meat? What if you spent a whole day complimenting people? What if you tried pilates or archery or a combination of the two? We all have dormant passions that are waiting for us to find them!

“Take calculated risks. That is quite different from being rash.” – George S. Patton

4. Be consistent, and good things will happen

I used to aim for the most impressive goals, and I was below average. Everything changed when I started my unimpressive mini habits of doing one push-up a day, writing 50 words per day, and reading two pages per day. Practicing these small behaviors allowed me to be remarkably consistent. No single day was mind-blowing, but every day was a success that built upon the last.

Anyone and everyone can write 50 words a day, which is about a paragraph. If you do that for 2 years, you’d have a short book of 36,500 words! And that’s only if you never decide to do more than that. This goes along with showing up on the “down” days. Successful people always show up, even if they know they’re not at their best.

 

5. Know when to bunt and when to swing for the home run

Learn to bunt before you try to hit home runs. In other words, mastering the basics first can fuel grander efforts later.

I started a blog and practiced writing over 200 articles before I wrote a book to sell. Now that I have more followers and improved writing skills, I’m better equipped to swing for home runs, which in this case means investing more money (taking more risk) and making products. Don’t be afraid to bunt while you’re learning and then when you’ve honed your craft, swing for the fences!

 

6. Accept that your success isn’t 100% up to you

I love people, but I have been as much as a lone wolf as you can be when it comes to my career. That is to say, I’m terrible at networking! I’ve been fortunate enough that some people have networked with me, and have greatly helped me. And without people to read my blog posts and books, I would have nothing. It’s humbling.

This goes for every person alive. What if nobody cared to watch Michael Jordan play basketball? What would happen to Chipotle if people didn’t need to eat anymore? I’d probably still eat there, but that’s beside the point. Success is impossible without the assistance or interest of other people.

I find this perspective is helpful in two ways. First, it points to the importance of seeking help when you need it (useful for business and personal life). Second, it keeps you grounded in good times and bad times. Back when I was an unemployed college graduate and nobody would hire me, I realized that it wasn’t completely my fault that nobody would give me a chance, which helped me feel like less of a failure in what was a difficult time. Now that times are better, I understand that I had help getting here and will need more if I am to continue to ascend.

So whether you’re at the bottom, the middle, or the top of the mountain, knowing that you need others to reach or stay at the top can help you in all phases of your journey.

 

7. Build up your self-efficacy

As one of the most underrated self-improvement concepts, developing a healthy sense of self-efficacy can change your life. If you don’t already know, self-efficacy is your belief in your ability to influence outcomes. It’s a combination of self-confidence and trusting in the process: it means you believe in yourself and that your efforts will be the difference between winning or losing.

Self-efficacy can be explained in a mindset:

  • Low self-efficacy -“Going to go to the gym today won’t make much of a difference.”
  • High self-efficacy – “If I consistently go to the gym, I will improve my health and physique!”

High self-efficacy means you trust yourself. You trust what you’re doing will matter. Without it, life is hopeless. With it, you can do amazing things. The old me playing Halo? He didn’t really think his behavior mattered. He just existed and tried to enjoy it. The new me has learned that my decisions, especially the small ones, create vastly different results.

If you’ve been a serial goal quitter, you will struggle to have self-efficacy. Every time you fail to reach a goal, your self-efficacy naturally drops. Why? A failed goal pursuit is a piece of evidence that you do not influence outcomes in your life. You tried to do something and not much happened. It’s hard to argue with that when it happens repeatedly. Successfully completing a goal shows that you do influence outcomes.

What is the best way to build self-efficacy, then? Rather than setting goals that you might not reach, try setting goals that you can absolutely crush. Repeat this often! It’s smarter to attempt two push-ups 50 times than to attempt 100 push-ups one time because it’s a high chance at 50 wins versus a much lower chance at one win. At first, your self-efficacy might be like this: “I can meet this requirement every day with just a bit of effort.” Later, it will grow into something more significant: “I actually feel a bit stronger from doing these push-ups every day. This is working!” And from that point, it can snowball further into even better things.

“If I have the belief that I can do it, I shall surely acquire the capacity to do it even if I may not have it at the beginning.” – Mahatma Gandhi

This doesn’t mean to dream small. I aim to redefine entertainment, but I employ these small steps as my productivity weapon of choice.

These 7 factors have been the difference between “Halo 3 Stephen” and “Bestselling Author Stephen.” I hope you found something useful in this to apply to your life and I wish you great success in your pursuits.

Please leave your thoughts in the comment section below! What is the one thing that is stopping you from being successful?

Check out my book "Mini Habits" to discover the life-changing strategy of taking small, daily actions. Mini Habits has sold 80,000+ copies worldwide. I'm Stephen Guise, the founder of Deep Existence, a blog about focusing, habits, and the power of small steps. Join Deep Existence to gain access to more than 50 exclusive articles, download 40 "focus wallpapers," and read my stress management book for free!

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27 Comments

27 Comments

  1. Ryan Jones

    Jun 16, 2016 at 11:19 pm

    Thanks for the tips. Been in the internet marketing business for a while myself and there is definitely a learning curve for new marketers online. Will have to share these tips with my readers too.

  2. Ahmed Ali

    May 29, 2016 at 5:57 pm

    Thank you Stephen! This article is exactly what I need to hear at this chapter of my life.

  3. Sachin

    Dec 27, 2015 at 6:09 am

    Very well said. I will apply this in my life too. 🙂

  4. Jay Sifford

    Dec 26, 2015 at 3:45 pm

    This is a great read. Thanks so much. I realized that I’m already doing these things and, believe me, my life is great… not perfect, but great. I enjoyed the reinforcement. While reading this, I thought back to conversations between my brother and my mother. She told me that he would ask “Where did Jay come from? He’s not like us.” I took that as a compliment.
    After several “false starts” in careers, by doing the things you’ve outlined here, I’m successful and happy with my landscape design profession. I’ve also been writing for several years now. I always wanted to, but just didn’t know how to start. I wouldn’t trade those painful “false starts” for anything, because, even though they appeared to be dead ends, they provided lessons and building blocks for me that I use today.
    I could go on, but won’t. Again, thank you.

  5. aspecialist

    Nov 8, 2015 at 8:42 pm

    This is really interesting to read. Hitting goals and achieving success depend on our course of actions and thinking. You will not know what you can achieve unless you give a shot and really work for it. There are lot of meaningful things that we can do and goals that we can achieve, and we were given the power to choose our path .

  6. Samantha Driscoll

    Sep 12, 2015 at 8:09 pm

    I found your article really interesting, from the perspective I am embarking on a new journey setting up my own business which has been a learning curve. Thank you

  7. Deepanshu

    Sep 10, 2015 at 11:26 am

    One of the best post I have ever read. I have read huge no of self help post. But this one is my favorite post.
    Thanks

  8. Stephen Guise

    Sep 9, 2015 at 12:44 am

    You’re welcome! Thanks for reading!

  9. Matt

    Sep 9, 2015 at 12:11 am

    The description for #6 actually contradicts the headline. You are in fact responsible for your success or failure by making the effort to network. So while the people you network with will help you get to where you want to go, YOU are still responsible for going out and meeting those people.

    • Stephen Guise

      Sep 9, 2015 at 11:25 am

      There is no contradiction.

      Understanding that your success isn’t 100% in your hands gives you a superior perspective: it makes you more resilient and more willing to network or ask for help. If you believed success was 100% up to you, you’d be far more likely to get discouraged (such as when your best effort fails) and less likely to ask for help when you need it most.

  10. Linda Salloum

    Sep 8, 2015 at 11:18 pm

    Hi stephen ,
    Thank you for a great article . I really do hear you and like yourself I was that young person who was lazy and shy and every day make plans to do something productive but never got round to it. I will try your mini habits because I am desperate to change my life before its too late. Lilly

    • Stephen Guise

      Sep 9, 2015 at 12:29 am

      Mini habits turned my life around. Most of the 7 keys I listed are in line with the mini habit strategy. My big turnaround started with one push-up per day! Good luck, Lilly!

  11. Lonell M. Holliday

    Sep 8, 2015 at 9:01 pm

    Great article! Steve.. Very great artical.
    I had to read it twice and take down notes. 50 Words a day! self-efficacy. Man I got it..

    • Stephen Guise

      Sep 9, 2015 at 12:30 am

      Thanks! I’m glad you liked it. Give it a try!

  12. Ernie A

    Sep 8, 2015 at 6:45 pm

    Beautiful! You have an awesome story man and these are great pearls of wisdom. I’m in the process of writing my first book and your advice has been key in making progress.

    • Stephen Guise

      Sep 9, 2015 at 12:31 am

      I appreciate that, Ernie! I’ve written two books, and I wrote them both by aiming for 50 words a day. It’s more powerful than it seems. 🙂

  13. A

    Sep 8, 2015 at 5:47 pm

    This is a very interesting article.

    At the moment I am trying to establish a business which I know there is a lot of potential and have put some good hours into it. Had some knock backs but not gave up on it

    However I also have something else that I would like to do. That are not related .

    If my business does kick on then I can in some capacity do what I really desire in some aspect. If it doesn’t then I have to walk away from one.

    • Stephen Guise

      Sep 9, 2015 at 12:34 am

      Best of luck with your business. If this one doesn’t work out, you can always try again. I had a failed business before I started writing books.

  14. Roxanne

    Sep 8, 2015 at 1:30 pm

    Wow Stephen, I’m so grateful I read your article. I am the queen of the non “Follow Through”. I fail repeatedly to finish anything I start. Or I have great plans in my mind but never start them. after reading and rereading your article, it makes complete sense to me, my behavior that is.. I also love words, I love to write, I have started the same idea for a book several times, I get 2 pages written and I’m so critical of my writing that I quit..writing is only one example of many things I have quit, a lot do to being so critical about myself and the feeling that “it should have been better”, so if I can’t get it perfect what’s the point of continuing,this kind of self defeat talk going on in my head… but you have really opened up my mind to my real issue’s of what I call the “Failure of Follow Through. ” Thanks so much for getting it and putting yourself out there to help others….I’m going to read your book Mini- Habits asap…. thanks

    • Stephen Guise

      Sep 9, 2015 at 12:37 am

      Roxanne, you might actually benefit more from my second book! It’s called, “How to Be an Imperfectionist” and it directly addresses the issue you’re describing. The solutions I suggest in the book are in Mini Habit form. If you’re interested to read both books, it works best to read Mini Habits first.

      Mini Habits works as a general solution for perfectionism, and How to Be an Imperfectionist has direct solutions for the different aspects of it, such as unrealistic expectations, need for approval, concern over mistakes, and so on.

  15. Psimatupang

    Sep 8, 2015 at 9:41 am

    Wow.. This is so wonderful. Thank you.

    Well, what stopping me from success (reaching my dreams) is something that happening inside me. I am a student, when others talk about something i have no idea what or something i haven’t learnt it kinda makes me feel small..

    • Stephen Guise

      Sep 9, 2015 at 12:41 am

      There’s nothing wrong with ignorance. We’re all ignorant of certain things. I used to be afraid to ask questions because it would expose my ignorance, but I realized the more I asked questions when I didn’t know things, the less ignorant I’d be. The slight potential embarrassment is definitely worth bearing, and people are usually happy to teach you what they know.

  16. Steve Jordan

    Sep 8, 2015 at 4:20 am

    Excellent article, thank you.

  17. Ankur Agarwal

    Sep 8, 2015 at 4:03 am

    Hi Stephen, its a good article and its nice to read your thoughts.
    Just to share, I have been going through the low self efficacy phase. I tried few things but didn’t work out.
    so going by your words, I will start on doing mini habits of writing 50 words a day because I also like to write.
    Will surely share my thoughts with you.

  18. Nikolai Westall

    Sep 8, 2015 at 3:47 am

    Thank you! Awesome stuff 🙂

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Success Advice

How to Use the “Small Victories” Method to Avoid Burning Out

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Have you had a goal you begin to work toward only to run out of steam? Do you know what you need to do to get to where you want to be, but the necessary work feels overwhelming? “Small Victories” is the method to eliminate procrastination, dramatically increase productivity, and to make every part of the process not just bearable, but fun.

The journey from novice to rockstar is filled with a thousand small victories. Each victory increases your skill, your confidence, your positive expectation, and is ultimately the only way to really do something truly great.

Imagine you have a band in which everything was fun- fun to practice, fun to get together and create. The first victory was writing your first song. Afterwards, some friends come to watch you practice, and they cheer you on giving you another boost. Then you play your first show, do your first band photoshoot, and create a band website. After all this hard work, you record your first song as a band, have your first major show, your first tour, and develop the best thing so far which are your first true fans.

Each victory gives you the energy to get to the next victory

If you told the kid, it was going to take ten years of work to get to the end goal, without celebrating the small important victories in between, it would be illogical for any human to hunker down and work 10 years to get there. So how is this relevant? When starting a business or following your dream, incentivizing yourself with small victories will make you far more likely to make you continue on to your end goal. Without it, your willpower only lasts so long.

The small victories are the positive fuel to make it to the next milestone. You create small victories by finding a way to interact with people as a way to have an impact even if it’s small. For example, when people try to start businesses, often they try to get everything together before selling their first product. It could be months or years of work before they are at the level of their competition.

I am a series of small victories and large defeats and I am as amazed as any other that I have gotten from there to here. Charles Bukowski

Say you’re creating a bakery, it could be a year before anyone tried your first baked good if you go the traditional brick and mortar route without any small victories. This comes with great financial cost and energy. You also lose out on the opportunity to improve your craft, your products, your image and your connections with others who can take your business to greater heights.

However, if you go with the method of small victories instead, you would start by creating a cult following amongst friends and family with your decadent treats. Next, you would bake them at home and sell them at local events, farmers markets, and maybe even at local businesses. This can give you the opportunity to create a strong local and social media following well before the opening of your first actual store.

Work and effort without small victories lead to burnout

We need to build rewards along the way into our endeavors, because this provides encouragement to keep going. Each moment is a separate gift, an experience where something was fulfilled, where something was accomplished, no matter how small, and being a recluse until the grand unveiling will have so many missed opportunities along the way.

Small victories are also an opportunity to develop your skills, get feedback – positive or constructive – and considerably increase opportunities. Small victories increase your credibility by showing a track record and the trajectory you’re on by increasing your ability to attract investors and partners.

“Success is rarely the result of one swell swoop, but more often the culmination of many, many small victories.” – Joseph M. Marshall III

The idea of celebrating small victories can be applied to any subject. In weight loss, for instance, seeing pounds melt away will give you the positive mindset to continue and even improve the choices you make to enhance your physique. Sharing your success with others will bring in the element of positive encouragement. It can also motivate others to come with you on the journey. Your small victories can inspire others to start their own journey.

What small victory did you achieve today which will bring you a step closer to your goals? Let us know below!

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Success Advice

Setting Up Your Mindset to Win: How to Achieve Success in Your Life and Career

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How did Usain Bolt become so successful? He seems superhuman, doesn’t he? Richard Branson, Steve Jobs, Paul Bocuse… all these people have something special in them. They became the stars in their niche. Have you ever wondered why? No, they do not have any superhuman capacity. They are simple people, just like you and I. They, too, had flaws. Their mindset, however, is what set them apart. If you want to win in your career and in life, generally, you need the mindset of a winner. You have to think like a true champion, so you’ll overcome your flaws and emphasize your strengths.

So how do you set the mindset to win? Here are 5 suggestions to get you started:

1. When You Can’t Achieve a Goal, Get Help

Have you heard of Paul Bocuse? He was one of the most famous chefs of his time, and he was named as the chef of the century. This is a good example of the point we’re about to make. Even the best are not almighty, they have to learn from someone. Paul Bocuse learned from another famous chef. He constantly worked to improve his skills and he learned along the way.

The lesson is: you cannot do everything on your own. This is the first thing you have to do: learn and find the right person to learn from. Are there any books by the champions of your chosen niche? Get them and read them. Can you get a mentor? Of course, you can! Start connecting with people on LinkedIn. Your alumni network is a great source of mentorship opportunities, too. Don’t be afraid to reach out and say that you want to learn from someone.   

“Don’t let the fear of losing be greater than the excitement of winning.” – Robert Kiyosaki

2. Work on Your Resilience

Here’s the most important life lesson you’ll ever learn: things don’t always go as expected. When you strive towards a particular goal, the chances of failure are real. When Usain Bolt started training, he wasn’t the fastest man on Earth. He worked towards that goal and he was resilient enough to go through all the obstacles he faced. We couldn’t possibly assume that such success came easily for him.

The journey towards a successful life is not a straight line, it’s a bumpy road full of difficulties and setbacks. The average person would give up along the way, but a champion would stay resilient. It’s the mindset that makes a true difference. The good news is that the more obstacles you overcome, the more resilient you become.

3. Focus

What do you want in your career and in your life? This is not something that can go with the flow. You cannot simply live your life one random day after another and expect great things to come your way. You have to focus on particular goals and work your way up there.

Ken Chenault, CEO of American Express, has a nice tip for everyone who wants to become successful: “Dedicate yourself to a core set of values. Without them, you will never be able to find personal fulfillment, and you will never be able to lead effectively.”

Simple and straight to the point, right? So set your goals! Find that major goal you want to achieve and break it up into smaller achievements. Then, start accomplishing things on a daily basis. You need to devote your life to achieving that goal.

4. Be Bold

Steve Jobs wasn’t focused on getting an average job, achieving average results and living an average life. He had big dreams and bold goals. All successful people have something in common at the starting point, a bold dream. Being afraid to dream big is a huge mistake. Set your imagination free! What’s the biggest thing you’d like to achieve? If you believe in yourself and you start working towards that goal one day after another, you’ll unlock your true potential. You’ll realize that not many things are impossible. You can achieve much more than you believe you’re capable of.

“If you really look closely, most overnight successes took a long time.” – Steve Jobs

5. If You Fall, Get Back Up

Have you ever wondered why Richard Branson became so successful? The answer is simple: never gave up, no matter what hardships he faced. His first company didn’t make money. The test flight of Virgin Atlantic Airlines almost crashed because of a flock of birds. Virgin Cola, his soda company, failed miserably. He almost got himself killed during his trip around the world. Richard Branson has done many things, but do you know what he never did? Give up. No matter how serious the failure was, he always found the strength to get back up on his feet and carry on with life. That’s the mindset of a champion!

Never allow yourself to get disappointed from failure. Do not fall back into average just because your big dream doesn’t seem to be working. Failure is not a big deal. It’s just part of the journey, and everyone has to face it. If you carry on, you’ll find success along the way.

So you want to be a champion? You better start working towards that goal without wasting any time. The first step is changing your mindset. Hopefully, the tips above inspired you to do that.

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Success Advice

3 Important Principles You Need to Know That All Billionaires Have in Common

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I’ve always been highly interested in the similarities amongst the world’s wealthiest. Their habits, successes, mindset, and failures have fascinated me. The journey to great prosperity can seem overwhelming, but if you apply success principles to any endeavor you can quickly and efficiently overcome challenges and expand.

Michael J. Gabrielli, founder of WeRunAds, has spent hundreds of hours and tens of thousands of dollars studying billionaires and their habits. Michael has also studied over 2000 different billionaires and from this experience he’s found three principles they all had in common.

Here are the 3 principles the billionaires all had in common:

1. Be in a rapid growth industry at the right time

Timing is so important. Billionaires know when the time is right to enter a market. Most billionaires do not enter first or second into a market because of the inherent risks involved. Many billionaires let the pioneers pave the way and then leverage the knowledge gained to innovate and optimize in order to create something that works.

The key is to find an industry that is soon to take off. Stepping in at the right time is important. Let’s take a real life example that is known all too well– the founder and CEO of Facebook, Mark Zuckerberg. When he entered the scene, the idea of a social network was moderately known, but it was still not quite predicted to be the monster it is today.

Others like Friendster, Myspace, etc. had made some headway into this fledgeling industry and then Facebook entered leveraging the knowledge and expertise gained from the early pioneers. Zuckerberg saw the huge potential of social networking, took what was done previously and made it better.

He is presently worth over $66 Billion and the company has surpassed the 2 billion users mark with 1.4 billion using the platform daily. Not surprisingly, many billionaires were not the first to pioneer the industry they would later find success in. They came in at the right moment, learned from the mistakes and triumphs of their predecessors, and made a lasting final product.

Here’s a practical 3 question exercise you can do to judge if you have the right timing with your current venture:

  1. Look at your industry and say—is this brand new?
  2. Am I trying to invent something that doesn’t exist?
  3. Am I too late to the party?

2. Position yourself better

In addition to finding the right industry and getting in at the right time, billionaires position themselves in the best way. They provide the solution to the need and they think outside the box to do it. Optimal positioning is a commonality amongst billionaires. For example, during the California Gold Rush, people rushed to mine for the gold itself blinded by the promise of large profits.

However, it turned out that Sam Brannan had the better idea for how to position himself for success. He knew the chances of finding gold were risky, so instead he committed to a sure thing. He manufactured the tools that were needed by all the miners to mine gold. As each new miner migrated West, they were happily met by Brannan and his company who were ready and waiting to sell these new hopefuls the shovels and tools they’d need to strike it rich.

Digging for gold seemed to be the most profitable route, however, greater returns were yielded in the supplying of materials required to mine for gold! A good company that also illustrates this concept is Microsoft. They did not seek to create their own computer, but the software that computers would run on. Most people mistakenly think they have to “go for the gold” to attain wealth, but it’s evident in history that selling the necessary tools to the gold miners can be far more profitable.

The two questions you need to ask yourself to see how you could position yourself correctly are, “What industries will need the supplies that I could provide? And, “Am I following the trend instead of innovating?

“Big shots are only little shots that keep shooting. I can see your sun rise out of obscurity. Keep shooting” – Ikechukwu Joseph

3. Take calculated risks

Most people choose the safe bet that is secure, however, this is not common among billionaires. Billionaires take big calculated risks in order to propel themselves to higher levels of influence and success. The most important thing to note here is that while to others the risks seem big—to billionaires, they are calculated.Risk and Calculated Risk are not the same. Calculated risk is measured and well-thought-out. Risk is impulsive and immeasurable. Understanding the difference between the two is a commonality among billionaires. The world’s most prominent figures have at some point in their lives disagreed with the ordinary and took a shot at the unknown. Proper calculation and clever thinking certainly accompanied the bold moves they made in their careers.

Howard Schultz, the CEO of Starbucks, is a great example of this. He had grown up in poverty and made his way out to earn a comfortable wage as an executive at a company that manufactured coffeemakers.

“Risk more than others think safe.” – Howard Schultz

He risked it all when he discovered a small coffee shop named “Starbucks” in Seattle that prompted him to quit his job and step out to create a company that was inspired by the Italian coffee culture and personal relationship people could have with their coffee.

Of the 242 people he spoke to, 217 said no to investing with him. Despite the discouragement, lack of agreement, and investment, Schultz kept pushing on. Fast forward to present time, and Starbucks’ is a massive success. Strong intuition and unshakeable belief is common among high achievers. Many successful billionaires risked their safe jobs, personal assets, and even their reputation to take calculated risks that they knew would pay off huge in the end.

The questions you need to ask yourself now are, “where can I take a calculated risk? Am I holding back when I should be going forward? What tangible steps can I take today to move forward?”

These 3 success principles are staple elements that are common among many billionaires. Now, there are more principles that you must discover and implement in order to become a billionaire. Work diligently and do all that can be done each day. Be inquisitive and study those that you wish to emulate.

Which one of these principles do you need to work on more this year? Let us know in the comments below!

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One Question You Must Answer to Ensure Personal Success

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I don’t believe in quick fixes, in get-rich-quick schemes, or any other system that guarantees instant success with only a modicum of effort. But, I do believe it’s possible to condense great strings of logical thought and intellectual algorithms into basics. I like to keep things simple! Many of my clients love the fact that I don’t overly complete things, and frankly, so do I! I like to ask simple questions whose answers can be had quickly but require some focus in obtaining the outcome.

Here’s the question I always ask: What is standing between your current reality (where you are now) and your ultimate vision (where you want to be)? Are the impediments psychological, physical, emotional or some other reason?

Until you answer what is causing the difference between your AS IS and your SHOULD BE, you will be stuck spinning your wheels in the mud and the muck of the former. This is an important question that requires a level of mental self-examination. And the answer to this question may require a lifetime of introspection. It is an important question to answer because if you know where you want to go that provides direction but examining why you are not there yet can provide momentum. (In other words, by answering the question it may get you there faster!)

“Success is not final; failure is not fatal: It is the courage to continue that counts.” – Winston S. Churchill

It’s just like following a road map. A map is useless unless you know two things, where you are, and where you want to go. What might be stopping you (or at least slowing you down) from the ultimate destination of your passion and life’s fulfilment?

I’ve asked many people about this over the years and have heard these four reasons that keep people from moving forward.

1. Lack of vision

How do you plan to get there, if you don’t know where “there” is? The most difficult undertaking in the world is to sit quietly with a blank sheet of paper and chart out your life. I know, I have many blank sheets of paper to prove it. However, I also found out that it only takes one sheet, with a few well-crafted lines of thought to give you the direction you need. But you need to start!

2. Lack of goals

So, you know where you want to go, you just don’t know how to get there. The second hardest thing in the world is to have a sheet of paper with your ultimate destination on top, and the rest blank as you ask yourself, now what or how do I get to my vision? The process of functional decomposition means breaking down the larger process into steps that are both actionable and motivational. In other words, the steps are small enough to do and you remain motivated because they are so small.

“Successful people do what unsuccessful people are not willing to do. Don’t wish it were easier; wish you were better.” – Jim Rohn

3. You don’t believe you can get there

You want to, but there is a script running through your head telling you to go home, make some chicken soup and don’t leave the house until these foolish notions of greatness are gone. Think about it, your parents never did what you are trying to do, no one in your family has ever done it, you are far too old (or too young) to do that, you don’t have the right education…your rationalizing can go on for a lifetime! Here is my suggestion when it comes to running those self-deprecating scripts: STOP IT!

4. You are lazy

You won’t admit this to yourself, but perhaps you are just plain lazy. I’ve seen it so many times; individuals majoring in minors. Performing high fun, low payoff activities instead of the low fun, high payoff activities. (And, by the way, who ever said that a high payoff activity can’t be fun? There’s that darn script again.) As a species we are inclined to take the path of least resistance, but that path may not lead us to our vision, but you must admit, we are having a great time NOT moving toward our vision! Laziness is not “doing nothing.” It’s doing the wrong thing because that’s what you want to do, and, very often, we know it’s the wrong thing to do!

There you have the four possible things that might be holding you back from the realization of your vision. Are any of them hitting home? Answer this question before you move on:

What is standing between my current reality and my ultimate vision of success?

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How to Use the “Small Victories” Method to Avoid Burning Out

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Have you had a goal you begin to work toward only to run out of steam? Do you know what you need to do to get to where you want to be, but the necessary work feels overwhelming? “Small Victories” is the method to eliminate procrastination, dramatically increase productivity, and to make every part of the process not just bearable, but fun. (more…)

Zachariah Bourne is the Author of the upcoming book "Blissed Out". He’s a writer for Success Magazine and Huff Post and Co-Authors articles with Jacquelyn Denissoff. As a producer, songwriter and artist living in NYC, he uses music as a way to spread the message of positivity to the world. Follow him on Instagram or go check out his YouTube.

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27 Comments

27 Comments

  1. Ryan Jones

    Jun 16, 2016 at 11:19 pm

    Thanks for the tips. Been in the internet marketing business for a while myself and there is definitely a learning curve for new marketers online. Will have to share these tips with my readers too.

  2. Ahmed Ali

    May 29, 2016 at 5:57 pm

    Thank you Stephen! This article is exactly what I need to hear at this chapter of my life.

  3. Sachin

    Dec 27, 2015 at 6:09 am

    Very well said. I will apply this in my life too. 🙂

  4. Jay Sifford

    Dec 26, 2015 at 3:45 pm

    This is a great read. Thanks so much. I realized that I’m already doing these things and, believe me, my life is great… not perfect, but great. I enjoyed the reinforcement. While reading this, I thought back to conversations between my brother and my mother. She told me that he would ask “Where did Jay come from? He’s not like us.” I took that as a compliment.
    After several “false starts” in careers, by doing the things you’ve outlined here, I’m successful and happy with my landscape design profession. I’ve also been writing for several years now. I always wanted to, but just didn’t know how to start. I wouldn’t trade those painful “false starts” for anything, because, even though they appeared to be dead ends, they provided lessons and building blocks for me that I use today.
    I could go on, but won’t. Again, thank you.

  5. aspecialist

    Nov 8, 2015 at 8:42 pm

    This is really interesting to read. Hitting goals and achieving success depend on our course of actions and thinking. You will not know what you can achieve unless you give a shot and really work for it. There are lot of meaningful things that we can do and goals that we can achieve, and we were given the power to choose our path .

  6. Samantha Driscoll

    Sep 12, 2015 at 8:09 pm

    I found your article really interesting, from the perspective I am embarking on a new journey setting up my own business which has been a learning curve. Thank you

  7. Deepanshu

    Sep 10, 2015 at 11:26 am

    One of the best post I have ever read. I have read huge no of self help post. But this one is my favorite post.
    Thanks

  8. Stephen Guise

    Sep 9, 2015 at 12:44 am

    You’re welcome! Thanks for reading!

  9. Matt

    Sep 9, 2015 at 12:11 am

    The description for #6 actually contradicts the headline. You are in fact responsible for your success or failure by making the effort to network. So while the people you network with will help you get to where you want to go, YOU are still responsible for going out and meeting those people.

    • Stephen Guise

      Sep 9, 2015 at 11:25 am

      There is no contradiction.

      Understanding that your success isn’t 100% in your hands gives you a superior perspective: it makes you more resilient and more willing to network or ask for help. If you believed success was 100% up to you, you’d be far more likely to get discouraged (such as when your best effort fails) and less likely to ask for help when you need it most.

  10. Linda Salloum

    Sep 8, 2015 at 11:18 pm

    Hi stephen ,
    Thank you for a great article . I really do hear you and like yourself I was that young person who was lazy and shy and every day make plans to do something productive but never got round to it. I will try your mini habits because I am desperate to change my life before its too late. Lilly

    • Stephen Guise

      Sep 9, 2015 at 12:29 am

      Mini habits turned my life around. Most of the 7 keys I listed are in line with the mini habit strategy. My big turnaround started with one push-up per day! Good luck, Lilly!

  11. Lonell M. Holliday

    Sep 8, 2015 at 9:01 pm

    Great article! Steve.. Very great artical.
    I had to read it twice and take down notes. 50 Words a day! self-efficacy. Man I got it..

    • Stephen Guise

      Sep 9, 2015 at 12:30 am

      Thanks! I’m glad you liked it. Give it a try!

  12. Ernie A

    Sep 8, 2015 at 6:45 pm

    Beautiful! You have an awesome story man and these are great pearls of wisdom. I’m in the process of writing my first book and your advice has been key in making progress.

    • Stephen Guise

      Sep 9, 2015 at 12:31 am

      I appreciate that, Ernie! I’ve written two books, and I wrote them both by aiming for 50 words a day. It’s more powerful than it seems. 🙂

  13. A

    Sep 8, 2015 at 5:47 pm

    This is a very interesting article.

    At the moment I am trying to establish a business which I know there is a lot of potential and have put some good hours into it. Had some knock backs but not gave up on it

    However I also have something else that I would like to do. That are not related .

    If my business does kick on then I can in some capacity do what I really desire in some aspect. If it doesn’t then I have to walk away from one.

    • Stephen Guise

      Sep 9, 2015 at 12:34 am

      Best of luck with your business. If this one doesn’t work out, you can always try again. I had a failed business before I started writing books.

  14. Roxanne

    Sep 8, 2015 at 1:30 pm

    Wow Stephen, I’m so grateful I read your article. I am the queen of the non “Follow Through”. I fail repeatedly to finish anything I start. Or I have great plans in my mind but never start them. after reading and rereading your article, it makes complete sense to me, my behavior that is.. I also love words, I love to write, I have started the same idea for a book several times, I get 2 pages written and I’m so critical of my writing that I quit..writing is only one example of many things I have quit, a lot do to being so critical about myself and the feeling that “it should have been better”, so if I can’t get it perfect what’s the point of continuing,this kind of self defeat talk going on in my head… but you have really opened up my mind to my real issue’s of what I call the “Failure of Follow Through. ” Thanks so much for getting it and putting yourself out there to help others….I’m going to read your book Mini- Habits asap…. thanks

    • Stephen Guise

      Sep 9, 2015 at 12:37 am

      Roxanne, you might actually benefit more from my second book! It’s called, “How to Be an Imperfectionist” and it directly addresses the issue you’re describing. The solutions I suggest in the book are in Mini Habit form. If you’re interested to read both books, it works best to read Mini Habits first.

      Mini Habits works as a general solution for perfectionism, and How to Be an Imperfectionist has direct solutions for the different aspects of it, such as unrealistic expectations, need for approval, concern over mistakes, and so on.

  15. Psimatupang

    Sep 8, 2015 at 9:41 am

    Wow.. This is so wonderful. Thank you.

    Well, what stopping me from success (reaching my dreams) is something that happening inside me. I am a student, when others talk about something i have no idea what or something i haven’t learnt it kinda makes me feel small..

    • Stephen Guise

      Sep 9, 2015 at 12:41 am

      There’s nothing wrong with ignorance. We’re all ignorant of certain things. I used to be afraid to ask questions because it would expose my ignorance, but I realized the more I asked questions when I didn’t know things, the less ignorant I’d be. The slight potential embarrassment is definitely worth bearing, and people are usually happy to teach you what they know.

  16. Steve Jordan

    Sep 8, 2015 at 4:20 am

    Excellent article, thank you.

  17. Ankur Agarwal

    Sep 8, 2015 at 4:03 am

    Hi Stephen, its a good article and its nice to read your thoughts.
    Just to share, I have been going through the low self efficacy phase. I tried few things but didn’t work out.
    so going by your words, I will start on doing mini habits of writing 50 words a day because I also like to write.
    Will surely share my thoughts with you.

  18. Nikolai Westall

    Sep 8, 2015 at 3:47 am

    Thank you! Awesome stuff 🙂

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Success Advice

How to Use the “Small Victories” Method to Avoid Burning Out

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Have you had a goal you begin to work toward only to run out of steam? Do you know what you need to do to get to where you want to be, but the necessary work feels overwhelming? “Small Victories” is the method to eliminate procrastination, dramatically increase productivity, and to make every part of the process not just bearable, but fun.

The journey from novice to rockstar is filled with a thousand small victories. Each victory increases your skill, your confidence, your positive expectation, and is ultimately the only way to really do something truly great.

Imagine you have a band in which everything was fun- fun to practice, fun to get together and create. The first victory was writing your first song. Afterwards, some friends come to watch you practice, and they cheer you on giving you another boost. Then you play your first show, do your first band photoshoot, and create a band website. After all this hard work, you record your first song as a band, have your first major show, your first tour, and develop the best thing so far which are your first true fans.

Each victory gives you the energy to get to the next victory

If you told the kid, it was going to take ten years of work to get to the end goal, without celebrating the small important victories in between, it would be illogical for any human to hunker down and work 10 years to get there. So how is this relevant? When starting a business or following your dream, incentivizing yourself with small victories will make you far more likely to make you continue on to your end goal. Without it, your willpower only lasts so long.

The small victories are the positive fuel to make it to the next milestone. You create small victories by finding a way to interact with people as a way to have an impact even if it’s small. For example, when people try to start businesses, often they try to get everything together before selling their first product. It could be months or years of work before they are at the level of their competition.

I am a series of small victories and large defeats and I am as amazed as any other that I have gotten from there to here. Charles Bukowski

Say you’re creating a bakery, it could be a year before anyone tried your first baked good if you go the traditional brick and mortar route without any small victories. This comes with great financial cost and energy. You also lose out on the opportunity to improve your craft, your products, your image and your connections with others who can take your business to greater heights.

However, if you go with the method of small victories instead, you would start by creating a cult following amongst friends and family with your decadent treats. Next, you would bake them at home and sell them at local events, farmers markets, and maybe even at local businesses. This can give you the opportunity to create a strong local and social media following well before the opening of your first actual store.

Work and effort without small victories lead to burnout

We need to build rewards along the way into our endeavors, because this provides encouragement to keep going. Each moment is a separate gift, an experience where something was fulfilled, where something was accomplished, no matter how small, and being a recluse until the grand unveiling will have so many missed opportunities along the way.

Small victories are also an opportunity to develop your skills, get feedback – positive or constructive – and considerably increase opportunities. Small victories increase your credibility by showing a track record and the trajectory you’re on by increasing your ability to attract investors and partners.

“Success is rarely the result of one swell swoop, but more often the culmination of many, many small victories.” – Joseph M. Marshall III

The idea of celebrating small victories can be applied to any subject. In weight loss, for instance, seeing pounds melt away will give you the positive mindset to continue and even improve the choices you make to enhance your physique. Sharing your success with others will bring in the element of positive encouragement. It can also motivate others to come with you on the journey. Your small victories can inspire others to start their own journey.

What small victory did you achieve today which will bring you a step closer to your goals? Let us know below!

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Setting Up Your Mindset to Win: How to Achieve Success in Your Life and Career

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How did Usain Bolt become so successful? He seems superhuman, doesn’t he? Richard Branson, Steve Jobs, Paul Bocuse… all these people have something special in them. They became the stars in their niche. Have you ever wondered why? No, they do not have any superhuman capacity. They are simple people, just like you and I. They, too, had flaws. Their mindset, however, is what set them apart. If you want to win in your career and in life, generally, you need the mindset of a winner. You have to think like a true champion, so you’ll overcome your flaws and emphasize your strengths.

So how do you set the mindset to win? Here are 5 suggestions to get you started:

1. When You Can’t Achieve a Goal, Get Help

Have you heard of Paul Bocuse? He was one of the most famous chefs of his time, and he was named as the chef of the century. This is a good example of the point we’re about to make. Even the best are not almighty, they have to learn from someone. Paul Bocuse learned from another famous chef. He constantly worked to improve his skills and he learned along the way.

The lesson is: you cannot do everything on your own. This is the first thing you have to do: learn and find the right person to learn from. Are there any books by the champions of your chosen niche? Get them and read them. Can you get a mentor? Of course, you can! Start connecting with people on LinkedIn. Your alumni network is a great source of mentorship opportunities, too. Don’t be afraid to reach out and say that you want to learn from someone.   

“Don’t let the fear of losing be greater than the excitement of winning.” – Robert Kiyosaki

2. Work on Your Resilience

Here’s the most important life lesson you’ll ever learn: things don’t always go as expected. When you strive towards a particular goal, the chances of failure are real. When Usain Bolt started training, he wasn’t the fastest man on Earth. He worked towards that goal and he was resilient enough to go through all the obstacles he faced. We couldn’t possibly assume that such success came easily for him.

The journey towards a successful life is not a straight line, it’s a bumpy road full of difficulties and setbacks. The average person would give up along the way, but a champion would stay resilient. It’s the mindset that makes a true difference. The good news is that the more obstacles you overcome, the more resilient you become.

3. Focus

What do you want in your career and in your life? This is not something that can go with the flow. You cannot simply live your life one random day after another and expect great things to come your way. You have to focus on particular goals and work your way up there.

Ken Chenault, CEO of American Express, has a nice tip for everyone who wants to become successful: “Dedicate yourself to a core set of values. Without them, you will never be able to find personal fulfillment, and you will never be able to lead effectively.”

Simple and straight to the point, right? So set your goals! Find that major goal you want to achieve and break it up into smaller achievements. Then, start accomplishing things on a daily basis. You need to devote your life to achieving that goal.

4. Be Bold

Steve Jobs wasn’t focused on getting an average job, achieving average results and living an average life. He had big dreams and bold goals. All successful people have something in common at the starting point, a bold dream. Being afraid to dream big is a huge mistake. Set your imagination free! What’s the biggest thing you’d like to achieve? If you believe in yourself and you start working towards that goal one day after another, you’ll unlock your true potential. You’ll realize that not many things are impossible. You can achieve much more than you believe you’re capable of.

“If you really look closely, most overnight successes took a long time.” – Steve Jobs

5. If You Fall, Get Back Up

Have you ever wondered why Richard Branson became so successful? The answer is simple: never gave up, no matter what hardships he faced. His first company didn’t make money. The test flight of Virgin Atlantic Airlines almost crashed because of a flock of birds. Virgin Cola, his soda company, failed miserably. He almost got himself killed during his trip around the world. Richard Branson has done many things, but do you know what he never did? Give up. No matter how serious the failure was, he always found the strength to get back up on his feet and carry on with life. That’s the mindset of a champion!

Never allow yourself to get disappointed from failure. Do not fall back into average just because your big dream doesn’t seem to be working. Failure is not a big deal. It’s just part of the journey, and everyone has to face it. If you carry on, you’ll find success along the way.

So you want to be a champion? You better start working towards that goal without wasting any time. The first step is changing your mindset. Hopefully, the tips above inspired you to do that.

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3 Important Principles You Need to Know That All Billionaires Have in Common

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I’ve always been highly interested in the similarities amongst the world’s wealthiest. Their habits, successes, mindset, and failures have fascinated me. The journey to great prosperity can seem overwhelming, but if you apply success principles to any endeavor you can quickly and efficiently overcome challenges and expand.

Michael J. Gabrielli, founder of WeRunAds, has spent hundreds of hours and tens of thousands of dollars studying billionaires and their habits. Michael has also studied over 2000 different billionaires and from this experience he’s found three principles they all had in common.

Here are the 3 principles the billionaires all had in common:

1. Be in a rapid growth industry at the right time

Timing is so important. Billionaires know when the time is right to enter a market. Most billionaires do not enter first or second into a market because of the inherent risks involved. Many billionaires let the pioneers pave the way and then leverage the knowledge gained to innovate and optimize in order to create something that works.

The key is to find an industry that is soon to take off. Stepping in at the right time is important. Let’s take a real life example that is known all too well– the founder and CEO of Facebook, Mark Zuckerberg. When he entered the scene, the idea of a social network was moderately known, but it was still not quite predicted to be the monster it is today.

Others like Friendster, Myspace, etc. had made some headway into this fledgeling industry and then Facebook entered leveraging the knowledge and expertise gained from the early pioneers. Zuckerberg saw the huge potential of social networking, took what was done previously and made it better.

He is presently worth over $66 Billion and the company has surpassed the 2 billion users mark with 1.4 billion using the platform daily. Not surprisingly, many billionaires were not the first to pioneer the industry they would later find success in. They came in at the right moment, learned from the mistakes and triumphs of their predecessors, and made a lasting final product.

Here’s a practical 3 question exercise you can do to judge if you have the right timing with your current venture:

  1. Look at your industry and say—is this brand new?
  2. Am I trying to invent something that doesn’t exist?
  3. Am I too late to the party?

2. Position yourself better

In addition to finding the right industry and getting in at the right time, billionaires position themselves in the best way. They provide the solution to the need and they think outside the box to do it. Optimal positioning is a commonality amongst billionaires. For example, during the California Gold Rush, people rushed to mine for the gold itself blinded by the promise of large profits.

However, it turned out that Sam Brannan had the better idea for how to position himself for success. He knew the chances of finding gold were risky, so instead he committed to a sure thing. He manufactured the tools that were needed by all the miners to mine gold. As each new miner migrated West, they were happily met by Brannan and his company who were ready and waiting to sell these new hopefuls the shovels and tools they’d need to strike it rich.

Digging for gold seemed to be the most profitable route, however, greater returns were yielded in the supplying of materials required to mine for gold! A good company that also illustrates this concept is Microsoft. They did not seek to create their own computer, but the software that computers would run on. Most people mistakenly think they have to “go for the gold” to attain wealth, but it’s evident in history that selling the necessary tools to the gold miners can be far more profitable.

The two questions you need to ask yourself to see how you could position yourself correctly are, “What industries will need the supplies that I could provide? And, “Am I following the trend instead of innovating?

“Big shots are only little shots that keep shooting. I can see your sun rise out of obscurity. Keep shooting” – Ikechukwu Joseph

3. Take calculated risks

Most people choose the safe bet that is secure, however, this is not common among billionaires. Billionaires take big calculated risks in order to propel themselves to higher levels of influence and success. The most important thing to note here is that while to others the risks seem big—to billionaires, they are calculated.Risk and Calculated Risk are not the same. Calculated risk is measured and well-thought-out. Risk is impulsive and immeasurable. Understanding the difference between the two is a commonality among billionaires. The world’s most prominent figures have at some point in their lives disagreed with the ordinary and took a shot at the unknown. Proper calculation and clever thinking certainly accompanied the bold moves they made in their careers.

Howard Schultz, the CEO of Starbucks, is a great example of this. He had grown up in poverty and made his way out to earn a comfortable wage as an executive at a company that manufactured coffeemakers.

“Risk more than others think safe.” – Howard Schultz

He risked it all when he discovered a small coffee shop named “Starbucks” in Seattle that prompted him to quit his job and step out to create a company that was inspired by the Italian coffee culture and personal relationship people could have with their coffee.

Of the 242 people he spoke to, 217 said no to investing with him. Despite the discouragement, lack of agreement, and investment, Schultz kept pushing on. Fast forward to present time, and Starbucks’ is a massive success. Strong intuition and unshakeable belief is common among high achievers. Many successful billionaires risked their safe jobs, personal assets, and even their reputation to take calculated risks that they knew would pay off huge in the end.

The questions you need to ask yourself now are, “where can I take a calculated risk? Am I holding back when I should be going forward? What tangible steps can I take today to move forward?”

These 3 success principles are staple elements that are common among many billionaires. Now, there are more principles that you must discover and implement in order to become a billionaire. Work diligently and do all that can be done each day. Be inquisitive and study those that you wish to emulate.

Which one of these principles do you need to work on more this year? Let us know in the comments below!

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One Question You Must Answer to Ensure Personal Success

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I don’t believe in quick fixes, in get-rich-quick schemes, or any other system that guarantees instant success with only a modicum of effort. But, I do believe it’s possible to condense great strings of logical thought and intellectual algorithms into basics. I like to keep things simple! Many of my clients love the fact that I don’t overly complete things, and frankly, so do I! I like to ask simple questions whose answers can be had quickly but require some focus in obtaining the outcome.

Here’s the question I always ask: What is standing between your current reality (where you are now) and your ultimate vision (where you want to be)? Are the impediments psychological, physical, emotional or some other reason?

Until you answer what is causing the difference between your AS IS and your SHOULD BE, you will be stuck spinning your wheels in the mud and the muck of the former. This is an important question that requires a level of mental self-examination. And the answer to this question may require a lifetime of introspection. It is an important question to answer because if you know where you want to go that provides direction but examining why you are not there yet can provide momentum. (In other words, by answering the question it may get you there faster!)

“Success is not final; failure is not fatal: It is the courage to continue that counts.” – Winston S. Churchill

It’s just like following a road map. A map is useless unless you know two things, where you are, and where you want to go. What might be stopping you (or at least slowing you down) from the ultimate destination of your passion and life’s fulfilment?

I’ve asked many people about this over the years and have heard these four reasons that keep people from moving forward.

1. Lack of vision

How do you plan to get there, if you don’t know where “there” is? The most difficult undertaking in the world is to sit quietly with a blank sheet of paper and chart out your life. I know, I have many blank sheets of paper to prove it. However, I also found out that it only takes one sheet, with a few well-crafted lines of thought to give you the direction you need. But you need to start!

2. Lack of goals

So, you know where you want to go, you just don’t know how to get there. The second hardest thing in the world is to have a sheet of paper with your ultimate destination on top, and the rest blank as you ask yourself, now what or how do I get to my vision? The process of functional decomposition means breaking down the larger process into steps that are both actionable and motivational. In other words, the steps are small enough to do and you remain motivated because they are so small.

“Successful people do what unsuccessful people are not willing to do. Don’t wish it were easier; wish you were better.” – Jim Rohn

3. You don’t believe you can get there

You want to, but there is a script running through your head telling you to go home, make some chicken soup and don’t leave the house until these foolish notions of greatness are gone. Think about it, your parents never did what you are trying to do, no one in your family has ever done it, you are far too old (or too young) to do that, you don’t have the right education…your rationalizing can go on for a lifetime! Here is my suggestion when it comes to running those self-deprecating scripts: STOP IT!

4. You are lazy

You won’t admit this to yourself, but perhaps you are just plain lazy. I’ve seen it so many times; individuals majoring in minors. Performing high fun, low payoff activities instead of the low fun, high payoff activities. (And, by the way, who ever said that a high payoff activity can’t be fun? There’s that darn script again.) As a species we are inclined to take the path of least resistance, but that path may not lead us to our vision, but you must admit, we are having a great time NOT moving toward our vision! Laziness is not “doing nothing.” It’s doing the wrong thing because that’s what you want to do, and, very often, we know it’s the wrong thing to do!

There you have the four possible things that might be holding you back from the realization of your vision. Are any of them hitting home? Answer this question before you move on:

What is standing between my current reality and my ultimate vision of success?

Image courtesy of Twenty20.com

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