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I have spent the last few years training some of the most successful entrepreneurs from around the world. I’ve seen up close what helps them achieve great prosperity while creating tons of energy and happiness in their work and personal lives.
The path to success varies greatly among those that follow it, but it is linked by several common practices. My journey has enabled me to attract key lessons from these real-life stories. I’m currently working with several business partners who are taking some chips off the table in their $2.85 billion business. We recently helped a client and their business partner sell their company to a global public company for $800 million. This experience helped me discover seven strategies and principles that drive success beyond what most individuals dream of.
1. Write your future to attain it
The first step in deciding what you really need is to easily write it down. Studies have shown that individuals who write down their goals are You are 42% more more likely to achieve them than those that don’t. Identify what you truly enjoy without yet setting a specific consequence to attain.
These successful people didn’t achieve greatness by accident. They took the time to actually think about what they wanted their future to appear to be and intentionally did what they may to create that reality.
2. Improve your network
Achieving your goals often involves connecting and networking with individuals who have already achieved success or are on a similar ambitious path as you. People ask me all the time methods to improve your network, and the first thing I can suggest is that you simply resolve to develop into truly invaluable to the people you admire.
I don’t love the term “networking” and prefer the concept of “connecting” with others. Keep your commitments and be personable. Over time, your “network” will grow and your popularity will open recent doors.
3. Prioritize each achievement and rejuvenation
High achievers sometimes don’t understand the critical balance between work, rest and play. Burnout is a real threat to lasting success and well-being. To maintain long-term productivity, inclusion is mandatory (*7*)periods of leisure and taking good care of yourself.
Just as lifting weights only becomes effective when you include rest days so your muscles can grow, the same principles apply to your focus on work. You have to create a space where you’ll be able to calm down and unwind, especially in the information age where we spend most of our time staring at screens and processing recent information day and night.
4. Think long run when making financial decisions
Before making any significant financial decisions, it’s best to consider the long-term impact of your chosen options. Financially successful people understand the difference between: asset and liability component. When making financial decisions, keep the long run in mind and avoid the temptation to spend or borrow to get what society says you would like.
5. Stay calm in times of crisis
The calm demeanor and emotional stability of effective leaders allow them to think, make rational decisions, and find opportunities amid chaos. This is how I approached real estate and stock market investing in 2007-2009 when it gave the impression of the recession would have no positive results – I used money and even used my portfolio to purchase stocks in the spring of 2020. When you see everyone else withdrawing , stay calm. This builds trust in the people you lead and shows how strong leadership can make a difference in difficult times.
6. Look for experienced advisors
Successful people are especially selective when they seek advice. They prioritize the insights of those that have first-hand experience. Don’t take heed to the advice of individuals you would not trade places with. Make sure you are getting guidance from experts who have a foundation in real-world success and have been through where you are going. Seek the depth and authenticity that only first-hand experience can offer. People who appear to know every part are often advisors it’s best to stay away from. Remember that the better of the best remain interesting.
7. Health is wealth
Wealth without health and happiness makes no sense. Wanting financial success at the expense of your health or relationships is a sure path to an empty and lonely life. The successful people I have trained and mentored for the past twenty years know that true wealth includes well-being, family, and the ability to enjoy the fruits of their labor.
Of course, success looks different from individual to individual. This 20+ yr journey of coaching and consulting some of the most successful entrepreneurs in the world has taught me so much greater than I could have imagined. From the power of writing down your aspirations, to prioritizing health and cultivating invaluable networks, to understanding the value of rest and regeneration, they taught me (and hopefully you) on the path to a more prosperous and fulfilling lifestyle.