Hard Time? Read This!

[tish23]

The title probably caught everyone's attention. Failure can be very, very scary. But there are ways in which it can be done rightly and many public figures can show you how!

1. Steve Jobs
Jobs had a setback from Apple before he became such a big figure. He didn't use this as an excuse, he got up and was able to make things become revolutionary later on. He knew that holding on just a little while longer can yield great results.

2. Oprah Winfrey
Opran Winfrey also experienced a setback when she was younger. Did that stop her? No, in fact, she launched a very successful TV show! Just like Steve, Oprah took her life in stride and used it to come out on top.

3. JT Foxx
JT Foxx built his own company from the bottom up and even learned the ropes from other business owners. He didn't give up when success took time, he made himself a success. Just like the others, he did what it took to succeed.


These business people have shown you how you CAN get through hard times and how your business can come out on TOP!

[Dave A]

Given that the number of business failures massively outnumber those that succeed...

I wonder what percentage of all business failures result in a successful comeback story?

[Justloadit]

Given that the number of business failures massively outnumber those that succeed...

I wonder what percentage of all business failures result in a successful comeback story?

One can compare it to any sport I suppose, how many Number of 1st,2nd and 3rd place competitors are there, as compared to the number of participants at each event/race

[Nikola]

Success history it is frequent history of persistent work. Remember Edison with his diligence. Sport is first of all huge work too.

[tish23]

Good point Dave...I think it depends. Definitely don't know that off the top of my head

[ians]

The right frame of mind...it is that simple.

You can buy books, watch DVD's, youtube, you name it there many stories to be told about how to succeed in business, but nobody tells you the most import fact.

I am not saying it is the only thing but the most important, if you have the right frame of mind nothing will stand in your way.

We all know that huge contracts, cash flow, goals, a healthy trust fund, and sometimes even a business plan can assist you in your quest.

I am talking small companies, not multi million rand corporations.

[Houses4Rent]

I know JT Foxx and have seen him a few times live, who else does know him? I dont think he is anywhere near in the same league as Steve or even Oprah who I have never seen live in front of me. There are huge differences. Steven and Oprah are also succesfull since many many years. JT still has to prove that long term success.

I think the most important thing is the WHY, not the WHAT and the HOW. Why would want to start a certain business. I guess some call it mindset too.

[BernieDew]

I have started my Transport Business, and let me tell you, The right frame of mind was there, Everything I needed was there, took three people
that I did loads for, and not to be paid, has put me in a very bad position. Nothing I did, has now put me back......Not always easy to hear that
"If you have the right frame of mind" ...nothing will stop you!!! Trusting people, and even a piece of paper with terms and conditions didnt help me.....

[adrianh]

You should read a book called:

Everything is obvious*

* Once you know the answers.

How common sense fails.

By Duncan J. Watts.

From Exclusive Books

The book is brilliant and part of it is devoted to the idea of success and how our common sense of cause and effect is totally off the mark. He shows how we attribute success and failure by applying all sorts of attributes after the fact. Just like how economist have a 50/50 hit rate on their predictions but are "able" to concoct reasons for whatever happened.

The book will make you reconsider what you think is common sense and how you evaluate cause and effect!

[Dave A]

The book will make you reconsider what you think is common sense and how you evaluate cause and effect!

It's actually amazing how often what actually works and leads to "success" seems to go against common sense.

One of the turning points in my life was when I really switched onto the pareto principle.

For those don't know this little mind bender, it's an 80-20 ratio rule that seems to approximate real life in many, many ways.

A couple of the applications of the pareto principle in business is that 80% of your profits comes from 20% of your customers, and that 80% of your sales comes from 20% of your products.

Cutting to the chase, the lesson of the principle is "focus on the 20% that most affects your results" and ship as much of the rest of it as you can off your plate.