Tuesday, November 17, 2009

Wise Wednesdays - How old will you be if you don't reach your dream?

You may be familiar with Malcolm Galdwell’s book, Outlier, which studied successful people. His conclusion: Those that have become successful are the results of deliberate practice in their field of work culminating in about 10,000 hours(roughly ten years).

Look at most business today and their success happens between 5-10 years of operation.

I like the idea of deliberate practice because it means that almost any of us can do it.

Deliberate practice is honing your craft as a business person: Practicing selling; implementing a well thought out marketing plan; developing and nurturing a list of contacts; managing your cash flow; observing changes in the marketplace; improving your day-to-day operations.

Deliberate practice takes time. The paradox is that you need to give yourself space that this business of yours will unfold yet create a sense of urgency to do the things that need to get done now.

Set milestones, goals, things to accomplish, monthly, weekly and daily. Keep practicing.

An audience member once told John Canary, a prominent speaker, “if I did all the things you say to do I’ll be 55 before I reach my dream. I can’t do that.” John Canary replied, “How old will you be if you don’t reach your dream?”

Cheers,

Dominik

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