5 Success Factors

George Krueger & Mary-Lynn Foster — Tue, 01 Apr 2008 06:13:01 +0000

It’s the first day of April. Isn’t it hard to believe the first quarter of this year is gone?

So how are you progressing toward your goals this year?

Today, we want to discuss some hard truths – five success factors. See how you measure up.

#1 – You need the right degree from the right school.
Ideally, you get an MBA from an Ivy League school. That virtually guarantees you’ll succeed. If you didn’t get that, hopefully you’re in the next tier of schools.

#2 – It’s not what you know, it’s who you know.
This is one of the reasons that Ivy League education is so important. You have to be connected to the right people to open the doors you need to succeed. What you know is just a bonus.

#3 – It takes money to make money.
Education and connections are great, but unless you have money you won’t go far. Once you have money, you can make more money. The rich truly do get richer and the poor get poorer.

#4 – You have to wait for the right opportunity.
There aren’t that many good ideas in the world. Dreamers think every idea they have is a good one. You’re smarter than that. You know that the perfect opportunity will present itself.

#5 – You have to be ruthless.
Nice guys (and gals) finish last. You have to go for what you want, with no concern for others. Selfish people win. After all, there’s only so money to go around.

A bigg secret
April Fool’s!

We just discussed five common myths about success.

#1 – Education.
Education is good. In fact, you should get all the education you can stand! But education is neither a prerequisite, nor a guarantee, of success.

How many times have you heard someone putting themselves down for the degree they got (or didn’t get) or the school they attended (or didn’t attend)? That someone may be you.

Education may help open some doors, but your performance is what matters in the end.

#2 – Who you know, not what you know
The reality is that it’s both … and neither. Who you know definitely matters. What you know from education and experience is just as important.

But what’s really important is your reputation and what you deliver. Once again, performance is the key in the end.

#3 – Takes money to make money
Money definitely helps when you start a business. However, did you know that most owners only invest about $25,000 to get started? That’s not that much is it?

What’s more important is delivering value to your chosen group of customers.

#4 – Wait for the right opportunity
A lot of people spend their entire lives waiting for opportunity to knock. They always have an idea, but it’s never good enough.

In reality, most businesses succeed at something they didn’t start out to do. You have to make opportunity for yourself to succeed bigg.

#5– Be ruthless
In reality, you have to give more value than what people pay for to succeed. You’re going for win / win. Finding that balance is the key.

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Our bigg quote today comes from George Orwell:

“Myths which are believed in tend to become true.”

Successful people believe in themselves and then work to prove they’re right.

Next time, we ask the question … are you choking your chicken? Until then, here’s to your bigg success!

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