Common Characteristics of Successful People

Posted on October 26th, 2014

Original article: time.com - 8 Things The World’s Most Successful People All Have in Common

Create Good Luck

  • Certain personality types are luckier.
  • Behave in a way that maximizes the chance for good opportunities
  • Lucky people create possibilities
  • Engage in behaviour that is more outgoing, open to new ideas, following hunches, and being optimistic

Stay Busy

  • A relentless pace of work
  • Continue working
  • 60-65 hour work weeks
  • At least six 10-hour days
  • How hard do you work?

Just Say No

  • “Very successful people say “no” to almost everything” - Warren Buffett
  • Achievement requires focus
  • Saying “no” to a lot of distractions

Have Grit

  • Perseverance and passion for long-term goals exists apart from IQ
  • More predictive of success than IQ in a variety of challenging environments
  • Failure - do not waste much time lamenting, blaming, or quitting
  • Failure is a learning experience - build upon its lessons
  • “I regard every defeat as an opportunity.” - Jean Monnet

Make Awesome Mistakes

  • Failure is essential
  • Losers feel better about their past mistakes
  • Winners go make more mistakes that they can learn from
  • Always be experimenting - spend 5 to 10% of your time doing experiments
  • Over the long run, winners are more creative and entrepreneurial because they seek new opportunities
  • Wrestle with your ideas: dissect, combine, add, subtract
  • Turn them upside down and shake them
  • Get ideas colliding
  • Successful creators have an ongoing dialogue with their work. They Put what’s in their head on paper long before it’s fully formed
  • Watch and listen what they’ve recorded
  • Continue zigging and zagging until the right idea emerges

Know What You Are

  • Ignore your weaknesses and keep improving your strengths
  • “In identifying opportunities for improvement, don’t waste time cultivating skill areas where you have little competence.” - Pete Drucker
  • Concentrate and build upon your strengths
  • Knowing who you are: what you are and what you are good at

Build Networks

  • Connect with other people
  • Help other people
  • Make those around you better

Find Mentors

  • You cannot go it alone
  • It can be hard to learn from books
  • It is difficult to separate truth from fiction on the internet
  • You need someone who has been there to show you the ropes
  • “Why would somebody invest deliberate practice in something? It turns out that actually most of these world-class performers had a first coach, or a first teacher, who made the activity fun.” - Adam Grant

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