Why Patient People Achieve Success
| Category: Entrepreneurship | Date: 2002-07-17 |
How fast would you like to become successful?
This is the first question and refers to YOU. Now it all depends on your definition of success, what does it mean to you to be successful?
Does it mean being free to do what you want to do, with pleasure and reasonable profits?
Does it mean to have a big bank account?
Does it mean to be respected by others, needed by others?
Everybody has his or her own idea and vision of what success means. People who undertake the bold step to become independent in business, very often want their business to fulfill their personal dreams. Even more often, they want their business to fix a personal problem, for example debts This is the wrong attitude.
To understand it better let’s rephrase the above question: How fast would you like your business to become successful?
This question refers only to your business. There is only one measure of success in any business: the volume of cash flow generated. Business cannot exist without money and it cannot be regarded as successful if no profits are made.
Your personal success and the success of your business are two different things. The trick is to make business out of doing what makes you happy and content. If you can achieve that, you will have an invaluable leverage in your hands to make your business successful: you will be PATIENT.
Why is it so important to be patient? Let’s ask another question: how much time does an average business need to start bringing in profits?
The beautiful thing about business is that, the answers to many questions regarding business are really simple answers relating to human nature, human desires, dreams and hopes. Business has its rules, but people have feelings and cannot be treated as mere instruments. So the answer to the above problem is easy: 2 years is an average time for any business to start generating profits.
Two years... Do you have 2 years to wait? Is it a short time or a long time?
It is a long time if you want your business to fix, for example, a financial problem YOU have. Usually such trouble requires immediate action. There is little hope then that you will achieve success - you will lose your patience and consider your enterprise a failure. On the other hand, you will start it wrong: not doing what you want to do in life, but doing what is expected to bring in quick profits and not necessarily activities that match your abilities. You do it with some initial enthusiasm only because it seems to offer cash returns in a short time. Your excitement ceases after a short while when no money seems to be coming.
If your enthusiasm was based on the fact that you start a business tailored to your desires, passion and fulfillment of inner needs, 2 years would be a SHORT time. You would never lose your commitment if your enterprise did not bring money after, let’s say, 6 months. You would continue since you would be doing what makes you satisfied. You would have patience.
Is 2 years a long time, if you had been trying for a longer time with no results? Think about it...
What does 2 years mean if you can spend the rest of your life happily and having a business which you love to attend to? Think about it... .
I have heard many times people stating as follows: "I am afraid to start my independent business again, since I have failed so many times before". When I ask how long it took for each project to be regarded as a collapse, I hear 6 months or 1 year. This is too little for any business venture to bring in desired profits. Unless you have lots of money to invest. But this article is not for people who are very rich. If there are rich readers out there, they would confirm that they were patient in the past. That is how they became wealthy.
Another fear is criticism from others. When you start your business, you would like other people to appraise it. You feel very depressed if somebody doubts whether your efforts will ever bring in any results in the form of profits. It is discouraging. You feel that your company should generate cash fast, immediately, now. You would like to prove to the World that you can do it and that others have made a mistake in judging your abilities. This feeling will disappear if you simply create such a business which suits YOU: you will not care about criticism if you do what you love to do. And you will have patience.
Patient people win. Instead of changing a business line many times over, let’s say, after 2 years, they build one business and achieve success after those 2 years. They know that they must be patient which means that they must like what they choose to do. They also know that the pure business aspect of their activities should be approached with cold logic and they structure their companies according to basic rules.
Because of this initial 2-year period (this is an average figure, not a rule), your business must be started properly and be tailored to your needs, possibilities, and desires. You must like what you do in business and achieve easily the necessary patience. This patience is needed by your business. If you rush, you will harm your enterprise.
In Your Patience You Will Possess the Land
About the Author
Fabian Krause is the founder of The Internet Clinic. His teaching is based on simplifying seemingly complicated business issues in three steps: (1) in-depth analysis (2) extracting the most practical aspects of a given problem being analysed and (3) presenting results to the public in a form that is easily understandable, educational, entertaining and practical. His publications are usually enhanced with diagrams, tables and pictures since there is no language in this World that can describe a given problem better than a simple graphic.
:To contact see details below.
fabiankrause@internetclinic.org
http://www.internetclinic.org
This is the first question and refers to YOU. Now it all depends on your definition of success, what does it mean to you to be successful?
Does it mean being free to do what you want to do, with pleasure and reasonable profits?
Does it mean to have a big bank account?
Does it mean to be respected by others, needed by others?
Everybody has his or her own idea and vision of what success means. People who undertake the bold step to become independent in business, very often want their business to fulfill their personal dreams. Even more often, they want their business to fix a personal problem, for example debts This is the wrong attitude.
To understand it better let’s rephrase the above question: How fast would you like your business to become successful?
This question refers only to your business. There is only one measure of success in any business: the volume of cash flow generated. Business cannot exist without money and it cannot be regarded as successful if no profits are made.
Your personal success and the success of your business are two different things. The trick is to make business out of doing what makes you happy and content. If you can achieve that, you will have an invaluable leverage in your hands to make your business successful: you will be PATIENT.
Why is it so important to be patient? Let’s ask another question: how much time does an average business need to start bringing in profits?
The beautiful thing about business is that, the answers to many questions regarding business are really simple answers relating to human nature, human desires, dreams and hopes. Business has its rules, but people have feelings and cannot be treated as mere instruments. So the answer to the above problem is easy: 2 years is an average time for any business to start generating profits.
Two years... Do you have 2 years to wait? Is it a short time or a long time?
It is a long time if you want your business to fix, for example, a financial problem YOU have. Usually such trouble requires immediate action. There is little hope then that you will achieve success - you will lose your patience and consider your enterprise a failure. On the other hand, you will start it wrong: not doing what you want to do in life, but doing what is expected to bring in quick profits and not necessarily activities that match your abilities. You do it with some initial enthusiasm only because it seems to offer cash returns in a short time. Your excitement ceases after a short while when no money seems to be coming.
If your enthusiasm was based on the fact that you start a business tailored to your desires, passion and fulfillment of inner needs, 2 years would be a SHORT time. You would never lose your commitment if your enterprise did not bring money after, let’s say, 6 months. You would continue since you would be doing what makes you satisfied. You would have patience.
Is 2 years a long time, if you had been trying for a longer time with no results? Think about it...
What does 2 years mean if you can spend the rest of your life happily and having a business which you love to attend to? Think about it... .
I have heard many times people stating as follows: "I am afraid to start my independent business again, since I have failed so many times before". When I ask how long it took for each project to be regarded as a collapse, I hear 6 months or 1 year. This is too little for any business venture to bring in desired profits. Unless you have lots of money to invest. But this article is not for people who are very rich. If there are rich readers out there, they would confirm that they were patient in the past. That is how they became wealthy.
Another fear is criticism from others. When you start your business, you would like other people to appraise it. You feel very depressed if somebody doubts whether your efforts will ever bring in any results in the form of profits. It is discouraging. You feel that your company should generate cash fast, immediately, now. You would like to prove to the World that you can do it and that others have made a mistake in judging your abilities. This feeling will disappear if you simply create such a business which suits YOU: you will not care about criticism if you do what you love to do. And you will have patience.
Patient people win. Instead of changing a business line many times over, let’s say, after 2 years, they build one business and achieve success after those 2 years. They know that they must be patient which means that they must like what they choose to do. They also know that the pure business aspect of their activities should be approached with cold logic and they structure their companies according to basic rules.
Because of this initial 2-year period (this is an average figure, not a rule), your business must be started properly and be tailored to your needs, possibilities, and desires. You must like what you do in business and achieve easily the necessary patience. This patience is needed by your business. If you rush, you will harm your enterprise.
In Your Patience You Will Possess the Land
About the Author
Fabian Krause is the founder of The Internet Clinic. His teaching is based on simplifying seemingly complicated business issues in three steps: (1) in-depth analysis (2) extracting the most practical aspects of a given problem being analysed and (3) presenting results to the public in a form that is easily understandable, educational, entertaining and practical. His publications are usually enhanced with diagrams, tables and pictures since there is no language in this World that can describe a given problem better than a simple graphic.
:To contact see details below.
fabiankrause@internetclinic.org
http://www.internetclinic.org
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