Researchers frequently study traits of successful people. I find that it's important for each individual to first define what success means to him/her. When you know this criterion for yourself, you can track, measure and attain it. Every adult seems to have conflicting demands and multiple priorities these days. Those who endure success despite these ongoing challenges have a few key things in common, they:
* avoid regret by making sound decisions in their life and their work
* have positive energy that helps them focus on enjoying the present
* thrive on challenges by seizing opportunities as they present themselves
When success seems elusive for an individual it is usually due to a mismatch between your core values or moral compass and what you are doing. Your needs, integrity, goals, beliefs, and strengths comprise who you are. When you are congruent, you’re able to create higher levels of success; when who you are and what you are doing are not aligned, it creates undue stress, frustration, worry and overwhelm. Also, when you rely too heavily on one or two strengths rather than leveraging a variety of your strengths, you’re less likely to achieve your highest levels of success.
I referred back to a December 2006 issue of Entrepreneur magazine to explore this issue further and found several principles that helped one company beat the odds and endure success.
These are my notes on the Guiding Principles:
1.
When you find yourself in a hole, stop digging.When you feel stuck and things aren’t working anymore, rethink, analyze, and discover so that you can shift directions before you dig too deep!
2.
Take action--you can't afford to wait for all the facts.Avoid waiting for all the answers before proceeding. Make your best guess decision and go forth to seize opportunities as they present themselves!
3.
Get comfortable with ambiguity.The only thing truly certain in today’s economy is that things will continue to change.
4.
Find your brilliance and leverage it relentlessly.Your strengths uniquely set you apart; know your core strengths and use them to differentiate yourself in the marketplace and stand out!
5.
Being all things to all people is the golden rule for failure.Be a leader by doing what you do best within your niche or target market. Avoid straying from your core of what you do best.
6.
Cut the fat. Leave the muscle. Get lean!Eliminate anything that doesn’t add tremendous value to your customer and your bottom-line. Streamline and reconfigure to optimize your resources.
7.
Embrace globalization.Outsource where it makes sense by reinforcing your business strategy.
8.
Create a culture of trust.
Timely honest communication helps create trust.
9.
Foster a sense of ownership.Engage your team by empowering them and allowing them to have a bit of an entrepreneurial mindset. Have a clear and consistent vision with a message conveying your vision, the supporting initiatives vital action steps.
10.
Hire and retain the very best people.An entrepreneur I interviewed said “Hire slow, fire fast” to communicate the need to be selective when hiring your employees to insure you employ smart passionate people who fit your culture.
11.
Reward people for a job well done.In addition to financial rewards, when appropriate, provide timely positive feedback that recognizes contributions.
12.
Innovate, innovate, innovate! Look outside the paradigm for new ideas.Instill creativity and reward thinking outside the box.
13.
Choose your customers (or those who influence your customers).Identify your target market. Also align your vendors and suppliers as the most appropriate to help you serve your customer base.
14.
Give customers what they really want.Understand your customer’s needs by frequently doing market research to best understand what they want. Customers buy based on the perceived benefit they will receive from your product/service.
15.
Practice perpetual optimism.Manage your moods by instilling a positive sense of hope through your energy as the leader. Being ambiguous and fearful evokes the same in your employees.
16.
Never, ever be a victim.Victims have a low level of energy often portrayed with guilt, self-doubt, worry, fear, embarrassment, hopelessness, anxiety, apathy, and lethargy. If you or your employees are stuck in this low level of energy, shift the perspective quickly and begin increasing self-worth. (I’ll say more about this in a future BLOG post because energy leadership is a vital ingredient to your success!)
Labels: entrepreneur, Priorities, success
