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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...

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15 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
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by robber ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minist ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Sel ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

8 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

8 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Scheme 2014 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

8 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Daman ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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