360° Coverage : Do You Have The 'Stickability' To Be A Successful...

2 Updates

Do You Have The 'Stickability' To Be A Successful Entrepreneur?

Apr 15 2014, 11:05pm CDT | by

It’s no secret that successful entrepreneurs have something special that sets them apart from just the dabblers and hobbyists, but exactly what is it that’s different? Every business venture runs...

Filed under: news

 
 
 

26 weeks ago

Do You Have The 'Stickability' To Be A Successful Entrepreneur?

Apr 15 2014, 11:05pm CDT | by

It’s no secret that successful entrepreneurs have something special that sets them apart from just the dabblers and hobbyists, but exactly what is it that’s different?

Every business venture runs into obstacles, challenges, and setbacks. Sometimes they come from the outside world, and sometimes they come from inside the organization or even ourselves. We all make mistakes from time to time! But the secret ingredient that makes some people succeed when others fail is the ability to keep going even after things go wrong.

Greg S. Reid, well-known and well-respected author and entrepreneur, refers to this quality as “stickability.” Simply put, stickability is the power of perseverance. Greg, like every ambitious entrepreneur, understands that first comes a dream, then a struggle, and finally we gain achievement. The primary situation that separates the champions from others is that the champions are willing to do today what others won’t do so they may have what others won’t have.

The key to successful business people and entrepreneurs is the ability to do, instead of just dream, and some of the best ways to cultivate “stickability” is by following your own desires, rather than chasing others.

Greg was recently telling me that one of the funniest things about late night infomercial ads is that the first thing they share with you is how easy whatever you just purchased will fold up neatly and go under your bed or hide away in the closet. Know why? This is exactly where it’s headed.

We get all fired up watching someone else’s excitement and success and naturally want what they have; yet when we get it home for ourselves, we realize that we don’t share that same passion (or commitment) as they expressed towards what got us caught up in the spur of the moment, so under the bed it goes.

Some of the biggest obstacles we as entrepreneurs face is allowing ourselves or others to talk us out of what we KNOW to be true. The easiest way to overcome this is to be careful of who it is we share our mission with.

Remember this: We are a direct reflection of the people we hang around the most, and our income, attitude and lifestyle is the average of that group. Hang around winners, and we become winners. Surround yourself with dream leaches, and they will suck the life right out you.

Greg shared a story with me that illustrates the concept of stickability, and it couldn’t be truer. When Steve Wozniak, co-founder of Apple, was asked what made him and the other Steve so successful, he simply said, “They embraced what they did not have. They embraced their lack. They looked at obstacles as an opportunity.”

He mentioned when microchips came out; they were expensive and could only afford a single one. Rather than dwelling on that challenge, they embraced it. Steve took a HP device that used 20 chips to go from point A to point B.

He took away five and got it to work. Took away another five and got it to work. Until finally he deduced how to go from point A to point B using his one and only chip.

Not because they were trying to be cool, innovative, or sleek, but because they could only afford one chip. By looking at this situation as an opportunity, they found the quickest, shortest and cleanest path and by doing so, changed the face of personal computing. Where could you be if you embraced what you are seemingly lacking at this moment? How can you turn that into a “win” within your business?

Many of us receive great insights yet very few ever profit from it. Seek resources, like Stickability, to gain the wisdom to help set yourself apart from the 95% who merely fantasize about success. Join the top 5% who actually achieve success.

 
Update
2

7 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a n ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

7 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of M ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

China stocks open higher
Beijing, Oct 20 (IANS) Chinese stocks opened higher Monday with the benchmark Shanghai Composite Index opening at 2,346.05 points, up 4.87 points, or 0.21 percent.
 
 
US defence department to create medical team for Ebola
Washington, Oct 20 (IANS) The US Department of Defense said Sunday the military is creating a 30-member team which will be tasked with providing emergency assistance in case of Ebola virus infection in the country.
 
 
Israel's Tamar gas field to sell gas to Egypt
Jerusalem, Oct 20 (IANS) Israel's Tamar gas field announced Sunday they have signed a bid to sell at least five billion cubic meters of natural gas over three years to private consumers in Egypt.
 
 
Liberian president calls for global support to fight Ebola
Monrovia, Oct 20 (IANS) Liberian President Ellen Johnson Sirleaf Sunday called on the international communities to join the country to fight the Ebola virus disease.
 
 
 

Latest from the Network

Bush shoe-tossing painting hits record at Doha auction
Doha, Oct 15 (IANS/EFE) A controversial painting by Iranian artist Mahmud Obaidi, depicting an Iraqi journalist throwing shoe in 2008 at then US president George W. Bush, was sold for $62,500 at a Sotheby's auction in...
Read more on Celebrity Balla
 
US offers $45 mn bounty for eight terror leaders
Washington, Oct 15 (IANS) The US said Tuesday it is offering rewards totalling up to 45 million dollars for information on eight key leaders of the Al Qaeda in the Arabian Peninsula (AQAP) terrorist organisation. The...
Read more on Politics Balla
 
UNSC extends peacekeeping mission's term in Abyei
United Nations, Oct 15 (IANS) The UN Security Council (UNSC) has renewed the mandate of the UN peacekeeping mission in the Abyei border region between Sudan and South Sudan. In an unanimously adopted resolution, the...
Read more on Politics Balla
 
Ebola cases in West Africa could reach 10,000 per week: WHO
Geneva, Oct 15 (IANS) The World Health Organisation (WHO) has warned that the Ebola epidemic in West Africa could reach 5,000 to 10,000 cases per week by the first week of December. "Quite frankly, ladies and...
Read more on Business Balla
 
Turkey, Singapore sign strategic partnership agreement
Ankara, Oct 15 (IANS) Turkey and Singapore have signed a strategic partnership agreement to boost economic, political and cultural cooperation, as well as security collaboration, during the official visit of...
Read more on Politics Balla
 
Christina Aguilera is returning to 'The Voice' USA
Christina Aguilera will return to 'The Voice' USA next year. The 'Your Body' hitmaker, who previously shared a rotating spot on the judging panel with Shakira, has been replaced by Gwen Stefani this season as she is...
Read more on Celebrity Balla
 
Kesha's music producer hits back
Kesha is being countersued by her record company boss, Dr. Luke. The 41-year-old music producer, who runs Kemosabe Records, claims the 27-year-old 'Tik Tok' singer is a liar and is trying to extort him after she accused...
Read more on Celebrity Balla
 
Jason Derulo won't get back together with Jordin Sparks
Jason Derulo insists his split from Jordin Sparks is permanent. The 'Talk Dirty' hitmaker, who recently ended his relationship with the 'No Air' singer after three years of dating, has ruled out getting back together...
Read more on Celebrity Balla
 
Josh Groban feels 'very lucky' to be dating Kat Dennings
Josh Groban feels ''very lucky'' to be dating Kat Dennings. The 'Brave' hitmaker was very nervous before singing in front of the '2 Broke Girls' actress for the first time at the Carousel of Hope Ball in Beverly Hills,...
Read more on Celebrity Balla
 
Australian Richard Flanagan wins 2014 Man Booker prize
London, Oct 15 (IANS) The first Man Booker prize to allow American nominees was Tuesday night won by an Australian, with Richard Flanagan triumphing for a novel of love and war that tells the harrowing stories of...
Read more on Celebrity Balla