Success in life and success in business are not the same thing. Of course, business and finance are huge and important components of our overall lives. You’d be a fool not to pay considerable attention to these areas, without compromising the other aspects of your life.
THE CHALLENGE OF SUCCESS IN BUSINESS
Being successful in business and finance is not a simple task, otherwise we’d all be rich. Unfortunately, this is not the case. There is no easy, or direct path to financial achievement. People find an infinite variety of ways to amass wealth and attain success in business and commerce. Others never find a way to progress financially. People can’t decide on a career or enterprise, or how to progress once they’re there. Some squander their money. Still others have setbacks, physical or mental challenges, and so forth.
ADVICE FROM ONE WHO MADE IT
H. L. Hunt was, by any objective measures, a financially successful individual. His business acumen was well-known. He made his fortune in the oil business, and by investing.
When asked about his “success formula” Hunt offered some prescient advice. His approach is direct, but not as easy as it sounds. FIRST: “Decide what you want.” SECOND: ” Decide what you’re willing to exchange for it.” THIRD: “Establish your priorities, and go to work.” (quotesdaddy.com)
Hunt’s approach is definitely straight-forward. Let’s think about it. If you complete the FIRST step, you’ll probably be ahead of 90% of people, because few really know what they want. And the SECOND step represents another formidable hurdle, because, again, a majority will be unwilling to expend the effort and make the required sacrifices. The THIRD step is also tough. Getting started (and then maintaining your motivation, initiative, effort, enthusiasm, dedication, etc,) requires a strength of character and uncommon persistence.
PUTTING IT INTO PRACTICE
I recommend writing things down. It seems to make it more real, and you can always refer to it. But before you write it down, you’ll need to do a lot of work THINKING. Serious THINKING. Deciding “what I want to be, when I grow up,” is as challenging at fifty as it is at twenty. No one can do this for you. Your parents, friends, spouse, or teachers may try to guide you, but ultimately the decisions and responsibilities are yours. Also, nobody can determine your priorities, nor what you’re willing to do – or give up – to get what you desire. And, after you decide if you’re willing to “pay the price,” can you continue for as long as it takes to achieve your objectives?
Follow Hunt’s formula, do the “prep” work, and if you believe you are capable of making the sacrifices and doggedly pursuing “what you want,” put that commitment in writing and to work. Best of luck!
Ben A. Carlsen, Ed.D, MBA, is an experienced leader and educator with over 30 years experience in management, consulting, and teaching. Dr. Carlsen is a management consultant, and business writer in the Miami, Florida area.