What Do the World’s Most Successful People Have in Common?
James Caan CBE
Recruitment Entrepreneur Chairman | Serial Entrepreneur | Investor on BBC's Dragons’ Den (2007-2010)
I am lucky enough to consider myself a successful entrepreneur, but I’m also intrigued by other successful people. It doesn’t matter what field they’re in, whether it’s business, media or sport. It seems to me that there are certain traits shared by the majority of successful people.
So, in this article, I’m going to share the 3 factors which, in my mind, set the most successful people apart from the rest. For me, these are the essential elements of the formula for success, both in business and beyond.
1. Successful People Adapt to Change
In business, having a successful year is great. But having numerous successful years is another skill entirely. The business landscape never stands still – and successful people know it. Technological advances reshape the way we do business. Rather than shying away from what’s new and unknown, they constantly embrace change and adapt to the market they operate in.
The evidence shows that companies who stand still end up going backwards – and they can even go out of business. The camera company Kodak is a classic example. Once a household name, they refused to double-down on digital photography, a technology they invented! Since then, they have gone out of business.
2. They Have a Mentor
Most – if not all – successful people I have come across have a coach or mentor. Take Roger Federer. Many people consider him to be the world’s most outstanding tennis player. He’s broken almost every record in the Men’s Singles game, with a career spanning multiple decades. So, why does he employ a coach?
Ultimately, it comes from a recognition that you can’t know everything. Federer recognises that his success depends on surrounding himself with great mentors who can offer new perspectives, fill in gaps in his knowledge and use their lifetime of experience to ensure he stays at the top of his game. The same is true of great business people.
3. They Break Down Barriers
In business, many of the most successful companies do something so well that it – to some degree – changes the landscape of the industry, taking the market in a new direction. In other words, they break down barriers, by entering new markets, developing new products and services, and generally think outside the box.
But breaking down barriers is easier said than done. My advice is to continually challenge your thought processes, challenge your team and keep innovation at the top of your agenda.
Conclusion
In business, the difference between good and great is often substantial. The 3 factors discussed in this article remind us that we can all learn more, improve and become better at what we do. In particular, I can’t understate the importance of great mentors in the course of your career.
If you’re a business owner or director in the recruitment industry, and you feel that you are ready to develop to the next level, email me at [email protected].
You will need to have a minimum of 10 fee earning recruitment consultants and the business must have traded for a minimum of three years. The business can be either permanent or contract, you must have a strong training and development culture, and be a true sector specialist.
You must have a clear plan and vision to scale your business, with the objective of realising value in the future. Finally, you must be in a market where you can demonstrate real demand with a growing and expanding customer base, both nationally and internationally.
James Caan CBE
master satertagest at Scripps Networks Interactive
5 年Most people have income in the strategy strategies we can become the best that we can make
Purchasing Manager at QED Supplies
5 年?A subject which is rarely spoke about is, not only how counter intuitive starting a business is, but how it can be, and often is incredibly lonely. This is something which is never taught at business schools or given much attention in business literature or which is even touched upon at Bootstrap for example. Failure in business can often mean more than financial loss, it can also impact on our self esteem and the nature of our personal relationships, often resulting in poor physical and mental health Most people go into business hoping to make millions by selling goods or services or concentrating on the things they want rather than what they need. Its not surprising, we live in a culture, particularly in business, where the pursuit of happiness is viewed as the same as the pursuit of income, and where success is measured in ownership of things and not by the strength and depth of our social ties. We also live in a political and philosophical culture, that for the past few hundred years has elevated the individual above community, social connection is viewed as incidental rather than a biological imperative. ?But, we have evolved to live in groups because that’s where we are safest, that’s where we can be creative and productive, where we are healthy. We have always relied on group membership and co-operation to hunt, allow us to sleep safely to be productive and creative and generally make the world a better place. Our whole anatomy, physiology even our brain has evolved to facilitate survival, social connection is crucial to our survival as individuals and as a species, social connection is literally built into our physiology and our DNA. From the moment we are born we need care from others. All humans are all born prematurely, most of the growth of our brain is outside of the womb. We have the most extensive period of helplessness, compared to any other species, so we rely on others for our survival. Even at the most basic level, we need others to help us grow (and, as it turns out, to survive ) to give us a pat on the back to say "well done” . When things are tough, we need others to lean on, to tell us “ everythings going to be OK” perhaps even a hug. These are the things which not only shores up our mental health, but ensures we are creative and most importantly healthy and happy. There are too few people who understand how we physiologically react to perceived or actual isolation. That, without social connection our mental and physical health are deeply impacted, our ability to think rationally and problem solve is compromised, but that doesn’t mean its not true. There is a great deal of scientific evidence to confirm this fact.Being unaware of our physiological need to maintain and strengthen our social relationships can be the making or breaking of our business. So, im not saying the pursuit of income is not important, it helps us avoid physical discomfort and allows us access to resources which would be limited if we had less, But, in business I think we often neglect our relationships and don’t place much importance in strengthening and broadening our social ties. I have read about and heard of many entrepreneurs, failing to meet their goals sinking into depression, loss of family, friends, children and eventually that loss, taking its toll on their physical health. I think this is an important subject in business, particularly because the great majority of businesses fail within the first year. Could one of the reasons be that we tend to prioritise income rather than social connection? It probably sounds counter intuitive for business people to hear that they should put people and relationships first, and goods and services second, because nobody really cares about what your selling. What people really care about is connection. Perhaps we should be thinking about a more ethical way of doing business, making our business about people and community.? I have a few articles on my Twitter profile @nicky.murnin contributed by doctors, neurologists and authors. Perhaps we can gain a better understanding of our physiology, the fact that our need for social connection is the same as our need for food, water or air. Teaching this may give businesses a better start.
Deputy Managing Director at Consolidated Bank Ghana Ltd
5 年Tenacity of purpose.
Independent Defense & Space Professional
5 年Money???
Corporate Innovator | Business Transformation Specialist | Market Expansion Architect | Author | Columnist | Poetess
5 年Beautifully and smoothly expressed....thanks it's worth reading? ?U r Great Motivator !? ??