Success can have many meanings, depending on your goals and objectives. Ultimately, we all want to succeed at what we are doing, whether you are running your own business, or working towards it. We’ve turned to some inspirational entrepreneurs who have succeeded in their field of business to narrow down 10 principles for achieving success. Here they are:
1. Love what you do.
You can’t just be in it for the money. You’ll burn out if all you’re after is the cash. Think about what you’d love to do for the next 10 years and do that.
2. Create insanely great experiences.
Steve Jobs built Apple products to help people achieve their dreams. Simply put, if your product or service does not make people feel amazing, your competition will beat you. In the world of business, go big or go home.
3. Remember that “creativity is connecting things.”
Similar to the “steal like an artist” trope, look at the world as a source of inspiration. Steve Jobs famously took ideas from diverse fields to kick start his creative process.
4. Define your purpose.
Napoleon Hill, who wrote one of the quintessential books on entrepreneurship – Think and Grow Rich – identified 17 principles for success. His first tenet is to define your purpose. Without a clear mission and goals, nothing can be achieved.
5. Find your founding partners.
Although many start businesses on their own, it’s much easier to work with at least one trusted partner. In fact, Napoleon Hill believes that a “mastermind alliance” of at least two people cooperatively working towards a common goal is essential for an idea to thrive.
6. Build a great team. Hint: Lessen the ego.
It’s actually best to find employees that are team players rather than superstars. According to a recent MIT study, the most productive teams have members that function equally rather than a few workers that dominate.
7. Work smarter, not longer.
Early in the 20th century, Ford Motor Company found that those who worked more than 40 hours became less productive. It still rings true today: Make sure the quality, not the quantity, of your business’s work is high.
8. Be ready to handle the truth and pivot.
ABC’s 20/20 asked several billionaires what they thought the keys to success were. One of their main responses was that “the truth is cold and hard,” but if you could handle it, it’s the first step towards salvation. One of the ultimate tests of true entrepreneurship is your ability to pivot, or adapt to ever-changing, sometimes negative, circumstances.
9. Control the voices in your head.
Running a business is scary and inevitably brings up insecurities, doubts, and fears. To persevere, we must not let these destructive thoughts obscure our path. Arianna Huffington finds this quote particularly helpful: “We may not be able to tune our inner critics out entirely, but we don’t have to let them run the show.”
10. Tell your story.
People will remember you and get excited about your business only if you tell them a good story. Figure out why your product or service will make the world better and hook customers on that tale. This is the key to your success.
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