How to succeed faster
Alexander Wang was crowned the youngest self-made billionaire in the world, at only age 25. He is estimated to have a net worth of $1 billion.
His San Francisco-based artificial intelligence company, Scale AI was valued at $7.3 billion earlier this year.
What’s interesting about him is that he dropped out of Massachusetts Institute of Technology and started the company at only 19 years old with co-founder Lucy Guo.
Even more interesting, when he dropped out he wasn’t sure what startup he would create. He then had a breakthrough moment: companies wanted to integrate machine learning, but most didn’t have the tools or resources that Big Tech did for their in-house AI projects. That’s when Wang hit upon the idea for Scale, which makes AI infrastructure for developers to build from.
And within less than 6 years, he has now been listed as the youngest self-made billionaire.
Truth be told, there is no such thing as overnight success. Some just get there faster than others. Your goal should be to expedite the process while at the same time managing your expectations.
Remember, being rich is not the only form of success. But it sure opens up the doors to many other things that we deem as success.
And if there’s anything I’ve learnt in the past couple of years, it’s that you have to make it personal to succeed.
Here are 7 ways to succeed faster:
1. Set clear goals
You can’t know where you are going unless you know where you are coming from.
If you want to succeed faster, you need to have a vision of what that success looks like, and you need to go after it, daily!
I’m a huge fan of SMART goals – Specific, Measurable, Achievable, Realistic, and Time-bound.
Break the goal down into smaller chunks. Yes, you want to be a billionaire someday. But what are you doing today, this week, this month, this quarter, and this year, to get to that goal?
Our goals belong to us and we need to take charge of them and own them. Otherwise, who will?
You can read more about setting SMART goals here.
2. Establish a routine and stick to it
I’m a big fan of the book Atomic Habits, because it makes it very practical to actually form new good habits.
But one of my favorite quotes from the entire book is that “If successful people and unsuccessful people share the same goals, then the goal cannot be what differentiates the winners from the losers.”
There has to be more to it. And I’ll tell you what it is…consistency and hard work.
Make use of to-do lists and be sure to review your lists as often as possible. Once you establish a routine, you’ll have a way of tracking what a productive day looks like. But without a routine? It all remains abstract.
3. Find a mentor or business coach
I’ve learnt the hard way that having access to people who have been there and done it is with its weight in gold and I personally have 2 coaches. Life is hard, more so because most of us don’t exactly have a blueprint for success. We go around trying and failing and trying again, which in itself is not a bad thing.
However, I can guarantee you that if you surround yourself with people who have been through similar challenges to yours, life becomes a whole lot easier. Having a mentor is like having a compass when you get lost in the forest. They guide you in the right direction and steer you towards the right actions.
Having a mentor or support group can benefit you in many ways, and can absolutely help you find success faster than if you had no guidance.
4. Learn how to say no
I’m becoming much better at saying no. It’s been another hard learnt lesson but it’s certainly proving to be a better strategy for me. Herbert Bayard Swope said, “I can’t give you a surefire formula for success, but I can give you a formula for failure: Try to please everybody all the time.”
Setting boundaries is probably one of the hardest things, but once you learn how to, it becomes a breeze..
What’s the link between saying no and succeeding faster?
Without setting essential boundaries, we get into a pattern of over-extending ourselves and getting nothing in return.
Warren Buffet said that “the difference between successful people and really successful people is that really successful people say no to almost everything.”
So, don’t be scared to turn down clients whose needs aren’t in alignment with yours. Don’t be scared to communicate your boundaries and expectations, even with your employees. By doing so, your chances of success automatically increase.
5. Get financially literate
Have you ever heard the saying, “Money goes where money flows?”
Depending on your upbringing, you’ve probably realised that people handle money differently.
But if you are going to be successful, you have to get it right with money, and be smart about it.
It’s really hard to become rich, but what’s even harder is maintaining that status.
Be sure to save enough money, and to invest in the right places. You can take up courses that will teach you how to behave around money, and by doing so, you will be at a much higher level of success.
6. Don’t be scared to make mistakes, learn from them
It doesn’t matter how much you fail, you only need to succeed once!
Every failure is a lesson.
I think that oftentimes we’re scared of making mistakes because it feels like a reflection of who we are, when in essence, it’s impossible to not make mistakes.
In fact, mistakes are simply opportunities for improvement. So, what can you learn from that client who you didn’t manage to sign up? What can you learn from all the money you lost because of having unclear payment policies?
If you can list down all the failures and corresponding lessons from them, it’ll be much much easier to succeed.
7. Never stop learning
Isn’t it funny how we all at one point, imagined that learning stops when we finish school? How wrong we are…
Learning NEVER stops. At least, it shouldn’t.
No human being has infinite knowledge, meaning you can never exhaust all that there is to know.
How beautiful is that?
In the world we live in, you barely need any money to learn. So many free online courses, and books with a vast amount of knowledge.
We literally have no excuse, and it’s never been easier to succeed faster.
I’m sure that we would all like to speed up success and get it all in a heartbeat, but that’s just not how life works. It’s a process.
The beauty is that there is so much to learn and experience in the journey to success.
Still if you want to speed up your success, the 7 things you need to do are:
- Set clear goals
- Establish a routine and stick to it
- Find a mentor or business coach
- Learn how to say no
- Get financially literate
- Don’t be scared to make mistakes
- Never stop learning
We’re always up for a chat. If you would like to talk about success more, get in touch. Outside ideas are on a mission to help people and businesses grow. We have a range of support that can help you.