You can find balance as an entrepreneur if you understand the true definition of success.
I believe in a model of success that hasn’t been applied before, and once you learn it, you can achieve a balance of wealth and well-being.
In the past, there has been no universal definition of success that is holistic and takes the whole person into account. This results in a focus in one area only – such as making money or being of service.
I have worked with a Wall Street executive who dedicated his life to creating wealth, but near the end of his career felt emotionally and spiritually bankrupt. Despite his wealth, he felt like a failure. On the other end of the spectrum is a woman who had worked directly with the Dalai Lama – a spiritual guru – but she was unable to continue her valuable work because she had no money. They were extremely successful in one aspect of their lives but could not sustain it. They were either wealthy and unhappy, or well-adjusted but unable to support themselves financially.
If you’d like to learn more about a balanced achievement of wealth and well-being, and understand the definition of success as it applies to the whole person, please listen to this Forbes podcast where I share my ideas, along with other members of the Forbes Coaches Council:
Unlearn What You Have Learned, Focus, & Find Balance
Find out more about:
- The four cornerstones of success and developing habits to nourish each one
- The skill of unlearning old habits and proficiencies in order to replace them with new ones
- Training your brain to overcome moments of overwhelm and distraction
Learn more about broken definitions of success.
How do you know if you’re in the wrong job, or if a new job offer will be a good fit?
Your career goals can change over time, and the wrong job will only delay your success.
There are many signs your job is not a good fit, starting with the company’s values. Know what a company stands for before you accept employment, and make sure it’s a match for your own beliefs. If your existing employer is no longer living up to the values they had when you started, it may be time to move on. Choosing to stay will only delay your success.
Just surviving in a job isn’t enough. You should be thriving. Are you constantly bored or having negative feelings about the work you do? Has there been a change in management or company direction? Are you utilizing your strengths?
I shared my thoughts on this topic, along with other members of the Forbes Coaches Council. Find out our 13 clear signs your job isn’t the right fit in this article on Forbes.
You might also be interested in the top questions to ask before taking a job.
You’ve spent endless amounts of time, energy and resources on developing that plan for success. It could be that you’ve poured your resources into a plan for a successful long-term relationship, business contract, new job, fund raising or even to hire someone to do some renovations in your home or office.
You think everything is going according to plan, then BAM, something happens outside of your control to derail your plan. We’ve all been there at one time or other.
What you decide to do amid the deconstruction of your plan (sounds so scary, but that’s how it feels), will be the deciding factor if you will convert the perceived loss into a win and come out of the situation successfully.
Here Are the Seven To Do’s to Convert Failure to Success:
1. Rationally and realistically assess the situation: Emotions get triggered when we don’t get our way. When things go awry, get in a calm state of mind and rationally assess the situation to determine if there is anything that can turn the situation around or if it’s time to put closure on the situation.
2. Take first things first: After the analysis in #1, it’s important to focus and prioritize the most imminent actions you must take, one step at a time, and not try to solve all your problems at once or out of rational sequential order. This ensures you highest chances of success most rapidly.
3. Stand up for yourself, your rights and your truth: If you have been wrongfully injured, stand up for yourself asap and seek the best support to represent your interests. Many fear this will make the situation worse, but the opposite is true. The sooner you take action, the sooner you will be able to maximally protect yourself and your interests and empower yourself to convert a loss to a win.
4. Know when to cut your losses and move on: After assessing the situation, be honest with yourself if the situation is no longer good for your wealth or well-being. Then move up and out with a strategy that is drama free as possible which may mean you may have to cut your losses by giving something up that ultimately serves to preserve your wealth and well-being in the long run.
5. Stay out of ego: When in conflict with others, stay out of ego and refuse to be baited into a power struggle. Ego will kick your butt every time and prevent you from being rational. Ego causes failure, but humility succeeds every time.
6. Always position yourself to maintain self-sufficiency: The mistake so many make, is to put all one’s eggs in one basket and often that basket is outside of one’s control. Don’t box yourself into a corner by turning your power over to just any one person, place or thing. Strive to keep independent and always to be self-sufficient.
7. Don’t give up on your goal: Failure is synonymous for “new beginning”. Those who succeed understand that failure is never permanent unless you let it be. Don’t ever quit on your goal. It will be achieved if you keep on keeping on. The situation, people or places my change, but your goal stays alive.
The time to quit on your goal is never. Take time to regroup, refresh, restore and then keep on moving forward. That’s how maximum success is achieved.
“I failed my way to success.” ~Thomas Edison
In Closing My Shocking Confession: As a child, I watched women of my mother’s generation suffer emotionally, physically and financially in many ways—at home, work or out in the world because they had been taught to be subservient and that the world was a patriarchal one. They had no voice, and no way to support themselves. They left or were forced to leave the “security” of their homes often to find themselves penniless and without shelter. It’s heartbreaking. And yet, this is still happening in the world today. And, not just among women. I have strived my whole life to stay empowered by understanding that people are human beings. None of us is perfect and people will fail us from time to time. But, if we rely on our faith, our own gifts and talents and ask for help, we can overcome any failure and triumph.