March, 2015 Issue

In This Issue

8 online articles from this issue. Next

Real Life On Campus - Tips For Success!


A colleague of mine from the University of Maryland often posts interesting and relevant articles for college students. I recently read one of his posts where billionaires shared their personal tips for success. Although most of us will never reach that financial status, I wanted to share these tips with you. Many will provide you the skills and confidence as you move forward in life and business. This is the first of a two-part article.

Invest in yourself: Never stop working on self-development. Read, exercise, take classes and learn new things. It's important to keep striving to be a better person.

Be curious about everything: Always keep learning and looking at the simple things around you. Sometimes the most innovative business practices have come from solutions that were developed to tackle mundane tasks or simple things that we use in day to day life.

Surround yourself with better people: We tend to perform or act like the people we surround ourselves with. Are your friends partying most of the time, or are they focused on success, coming up with creative ideas, and moving forward in life?

Never eat alone: Are you addicted to getting most of your information from the Internet, blogs, or newspapers? Some of the most successful people get their innovation from other successful people. There is nothing like sitting down, breaking bread, and exchanging ideas. You never know what you will come up with collectively. Never be afraid to ask to dine with successful people who have been in business for years. Most love to mentor.

Take responsibility for your losses: Instead of trying to cover up, admit that you made a mistake and take responsibility for it. Those who are successful, openly admit it, strive to correct their mistakes, and continue to move forward. Failure is an important part of success. Think of it as an opportunity to learn.

Understand your strengths and weakness: Many successful people admit that they have strength in a few areas and are average in most. What sets them aside from others is that they do not try to do everything themselves. They surround themselves by others who have the expertise in specific areas and tap into their talent or expertise.

Don't take a complete day off: While I believe in replenishing your body and soul, you want to treat your business like your baby. Even while you are "playing" you can think, discuss, strategize, and plan. Some of our most creative and innovative ideas come to us while we are relaxed.

Focus on experiences rather than material possessions: Contrary to popular belief, most wealthy people focus their spending on experiences. I am not by any means wealthy, but I have worked hard. I do not enjoy shopping for more possessions; I rather spend my money on travel, going to concerts, shows, or special events. These experiences build memories, character, and enlighten us.

Take risks: The most successful people are those who are willing to take enormous risks. Those who play it safe miss out on opportunities to move ahead. It doesn't mean that you have to take huge financial risks, but you want to be able to move outside of your comfort zone. It can be as simple as reaching out to someone who you might never dream of, or acting upon an idea that others think are a recipe for failure. I once met Mark Burnett, the producer of "Survivor" and other reality TV shows at a party in LA. He said to me that most people told to him that a reality show like "Survivor" would never fly. He blocked the negative voices from his head, believed in himself, and continued to push forward. Today he is one of the most successful television producers in Hollywood.

Don't go it alone: The most successful people surround themselves with a dream team of experts in specific areas. As in tip number two, surround yourself with positive, confident people who dream big. Take advantage of your collective ideas and energy and keep moving forward. Life is too short to throw away valuable opportunities.

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