The Biggest Issues that Can Delay Success
What’s the secret to success? There isn’t a single perfect answer to that. In fact, the answer always differs depending on whom you ask. Some way success is dictated by how hard you work, your passion, your dedication. Others contribute success to luck.
Others like Richard Branson will tell you success comes from dreaming big.
"Dreaming is one of humanity's greatest gifts; it champions aspiration, spurs innovation, leads to change, and propels the world forward," says Branson, as quoted by CNBC. "In a world without dreams there would be no art, no adventure, no moon landing, no female CEOs, and no civil rights. "What a half-lived and tragic existence we would have."
Mark Zuckerberg will tell you to make big bets.
"One of the things I'm most proud of about Facebook is that we believe things can always be better, and we're willing to make big bets if we think it will help our community over the long term," he says, as quoted by CNBC. "News Feed has been one of the big bets we've made in the past 10 years that has shaped our community and the whole Internet the most."
Success came from investing not just in their businesses, but in them, too.
Unfortunately, success can also be delayed along the way, too because we fail to learn from the past. We invest on emotion. We don’t have good management skills.
All are fixable, though.
For example, if you continue to make the same mistake over and over again, failing to learn from the past that’s an issue. In fact, As Mark Cuban likes to say, “It doesn’t matter how many times you fail. It doesn’t matter how many times you almost get it right. No one is going to know or care about your failures, and neither should you. All you have to do is learn from them and those around you because all that matters in business is that you get it right once. Then everyone can tell you how lucky you are.”
Some invest in an opportunity strictly on emotion.
They get caught up in the idea that “every one else is doing it, so it must be a good idea” mentality. Or, “every one else is running from this opportunity, I should get out, too.”
They never stop to rationalize and think things through.
That doesn’t mean you have to have ice flowing through your veins. It simply means you need to re-think your strategy. If you’re investing because every one else is, you’re investing on emotion.
It’s that thrill ride of “I can’t miss this. They must know something big.”
Or, you’re selling something because every one else is. Or, we get caught up in this idea that an investment can be a ‘sure thing.’
But the only ‘sure thing’ is life is taxes and death.
By thinking rationally prior to jumping in or out of an investment opportunity, you set yourself apart, you set yourself up to succeed.