Someone once said, “A selective memory is the road to sanity for long-term parenting.”
While all of us who are parents can definitely relate to that this, I think that some of us entrepreneurs can also relate to this. In their book, Good Luck: Create the Conditions for Success in Life & Business, both Alex Rovira and Fernando Trias de Bes explain three characteristics which separate successful entrepreneurs from unsuccessful entrepreneurs. For more information, the book is now on Amazon.
The three principles are:
1) Responsibility. Business owners who feel that they have had good luck also feel responsible for their own actions. When things go wrong or the outcome of any given situation is other than intended, they never blame others or the current circumstances. They look inwardly and ask, “What have I done for this to occur?” Then they act accordingly and solve the problem.
2) Learning from Mistakes. Creators of “good luck” don’t see a mistake as a failure. Instead, a mistake is an opportunity for learning. Thomas Edison is the classic example. More than 1,000 attempts to invent the first long-lasting electric light bulb led to bulbs that only stayed lit for a few minutes.
When asked if he felt like a failure, Edison answered, “Not at all. Now, I definitely know more than a thousand ways how NOT to make a light bulb.”
Sure enough, just a few days later, he turned his inspiration into a practical concept. Originally, the very first light bulb was invented by Sir Joseph Wilson Swan, who demonstrated the theoretical concept but gave up trying to develop a practical application after only three attempts. Instead, Edison made his own good luck by designing a working light bulb.
3. Perseverance. Creators of good luck never give up or postpone. When a problem or situation arises, they act immediately to solve it without delay. These business people don’t carry a list of “to-do list” in their brain. Instead, they resolve problems and situations as quickly as possible. This enables their energy to be fully focused on their work and avoid distractions, which only generate inefficiency.
Do you have selective memory when it comes to your entrepreneurial mistakes? Do you think that it just may be time to develop one?
I would also like to add "fugal" or "tight with money" to your list.
I would also like to add intuitive to the list.
Janice Martin
Winchester, VA
Am i allowed to link up to this, through my own world-wide-web page? I’m about to collect as much reasons for information and facts as i am able.