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Keys to Successful Business and Life
Note From the Authors
Over the years, we have studied successful money managers and business leaders, trying to learn their secrets. Their fields vary from engineers to clothes-washers, from investors to musicians and artists; but all showed unusual success. Whether your goal is to make millions or just to make ends meet, we can profit from their wisdom.
As parents, we print a "key" each week and post it on our refrigerator, where our older teens read them while filling up their glasses with water. We call it our "Refrigerator University." Teachers may use them as a handout, an overhead, or Power Point. Let us know any of your ideas, including if you wish for us to continue expanding this series. We can be contacted at smillero@mindspring.com .
Sincerely,
Steve and Cheryl Miller
Success Key #1: Learn from Successful People
If I have seen further, it is by standing on the shoulders of giants. (Isaac Newton, hero to Einstein)
Professor Thomas J. Stanley studied over 700 multi-millionaires, super-successes at both business and accumulating wealth, asking them what factors were most important to their success. I listed only those items deemed important by over 50% of them. What a goldmine of advice! Reflecting on these helps me to see where to put my greatest efforts in getting ahead in life. Here's how they responded:
SUCCESS FACTOR | TOTAL RESPONDING EITHER "VERY IMPORTANT" OR "IMPORTANT" |
Being well disciplined | 95% |
Getting along with people | 94% |
Being honest with all people | 90% |
Working harder than most people | 88% |
Loving my career/business | 86% |
Being very well organized | 85% |
Having strong leadership qualities | 84% |
Having an ability to sell my ideas/products | 82% |
Having a supportive spouse | 81% |
Having a very competitive spirit/personality | 81% |
Making wise investments | 76% |
Willing to take financial risk given the right return | 74% |
Having good mentors | 73% |
Seeing opportunities others do not see | 72% |
Having extraordinary energy | 71% |
Having an urge to be well respected | 69% |
Finding a profitable niche | 69% |
Having a high IQ/superior intellect | 67% (only 20% of these said "very important") |
Being my own boss | 65% |
Being physically fit | 65% |
Investing in my own business | 54% |
Specializing | 53% |
Ignoring the criticism of detractors | 51% |
Today's Tips:
End Notes
1) Survey from Thomas J. Stanley, Ph.D., The Millionaire Mind, p. 34.