In business and in life, the top performers behave differently. To quote Vaibhav Shah: “Whenever you see a successful person, you only see the public glories, never the private sacrifices to reach them.” Research proves that both wealth and income inequality are major issues in America, with the divide between the top 5% of Americans and literally everyone else being significantly large. However, despite these facts on wealth and income inequality, it’s also a fact that those who are in the top income and wealth categories (or, those we categorize as “the successful people”) operate completely different on a daily, weekly, monthly, quarterly, and annual basis, compared to the average American. Here are twelve things that successful people do.
1. Play The Networks
Networking is perhaps the most vital thing that successful people do better than the majority of Americans. The most well-connected and networked people have access to the best job opportunities, investment fund opportunities, and other mediums that allow for the continued building of wealth along with a consistent spot at the top of the income hierarchy. Successful people have a well-established network and they put a strong emphasis on continuing to grow said network on an annual basis. They also focus on keeping the best players and team members around them.
2. Play Politics
Most successful people understand that politics and favor go a long way in climbing the ranks in any industry. As a result, they strive to meet the right people, know the right people and stay on the good side of said people, leveraging their relationships for continued access to new opportunities.
3. Specialize/Create A Brand
With the crowded marketplace today, it’s becoming more of a necessity that one creates their own personal brand to not just stand out from the crowd, but in order to funnel their time, energy, and resources into the areas that will provide the best returns. This is accomplished through specialization and having a niche, rather than trying to be a jack of all trades.
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4. Focus Heavily On Critical/Strategic Planning
You rarely hear stories about successful people going to college and taking out $200,000 for a degree in music therapy, only to spend the rest of their life as a barista. The reason being is that most successful people spent a good chunk of time on critical and strategic planning, which allows them to avoid such foolish mistakes with their career and business progressions.
5. Focus On Long Term Plans/Continued Improvement
Rome wasn’t built in a day, and successful people focus on building one or multiple bricks at a time, as they are aware that the entire infrastructure might not be built overnight. Successful people often have a long term vision and plan for not just their career and business, but also their passive investment portfolios.
6. Focus On S.M.A.R.T. Goals
Specific, measurable, actionable, realistic/relevant, and time-bound goals are what’s considered to be real goals, rather than dreams that don’t have any real substance to them. Successful people operate using the S.M.A.R.T. criteria.
7. Take Calculated Risks
Successful people have no issues taking calculated risks, as without risk there is no reward. The key word here is ‘calculated’, as most successful people don’t usually take a risk just for the sake of it, they usually do proper due diligence beforehand.
8. Maintain Decent Credit Scoring
The saying is true, that it takes money to make money, so most successful people make sure that they keep their credit reporting clean/efficient, as this helps them attract the capital required for high-growth investments. You can check your personal and business credit for free with Nav.
9. Maintain Grit
Successful people expect challenges and obstacles to their objectives, but they don’t allow them to slow down their progress. They continue to fight through various challenges and through every victory, their confidence grows stronger. They focus on grit, perseverance and consistency.
10. Maintain Productivity
You can be one of the busiest people, but at the same time, be one of the least productive people. This is a situation that fast food and other low wage workers deal with on a daily basis, where their high level of activity does not translate into high levels of production. Successful people understand that it’s about what you produce, not how long you worked. Their focus is on strategic investment of their time to produce more quality, value and revenue.
11. Wake Up Early/End The Day Late
Due to having many things to do, many successful people start their days early and end their days late. Keeping the last point in mind, they make the most of their time and maintain high levels of productivity over the longer days.
12. Believe In Themselves/Have Fire
As a final note, you usually don’t have to motivate a successful person. They usually already have the fire burning inside of them, which pushes them to get up and get things done, without the need of a rah-rah speech, a preacher’s sermon, nor a cheerleading squad. It’s the fire inside that gets them moving.
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