Recipe for Success

A Recipe for Success (2/1/2012) At dinner last week my friend Scott shared comments from a seminar he delivered to MBA students about entrepreneurship. His observation from spending time with these millennials was their questions focused on how to be successful; not in generalities but seeking a specific checklist void of risk. Mutually we agreed there is no checklist to succeed, but commonalities exist which create a method to achieve success. Personally I have formulated a recipe, based on experience and believe three essential elements are required: S-E-P, Evolution, and no Plan B. S-E-P is Skills, Education, and Passion. First, Skills are the know-how we develop over time that contribute to our expertise. For example, we all can pound a nail, but a carpenter knows how to build a house. In his book, Outliers, Malcolm Gladwell describes a 10,000 hour requirement for our skills to develop to an expert level. Second, Education is required to differentiate ourselves, but may come from military, college, or teachings of others. Most important, communication, whether written or verbal, is the critical learning requirement. Third, Passion is the ultimate differentiator between success and failure, but is the hardest to explain. Passion will drive one to succeed no matter what obstacles are confronted and passion is what engages us to continue when our energies are exhausted. The second essential element is Evolution. Our lives are about learning from mistakes and this is the evolution I refer to, understanding how to move forward after a perceived failure and use failure as way to unlock opportunities. I argue each failure makes us stronger because they are events, not who we are. For example, when I owned my company many people assumed my most successful software program was the first I developed. To the contrary, I counted there were nearly 14 different programs I had tried to develop and sell. Most business owners evolve to create opportunities and rarely is success found the first time. Lastly, to succeed there must be no “Plan B” because failure cannot be an option. I assert if an easier option exists affording failure then our effort will stop when the most difficult challenges loom. When failure is not an option, our creativity is ignited to try new methods and search for alternatives supporting our passion, in other words evolution occurs. For example, today’s college graduates can choose to move home because finding a job or supporting themselves is deemed impossible. If moving home was not an option these struggling graduates would share cheaper homes, work three jobs, and live on their own. Success cannot be had when one can turn his back on hard work and fear of bankruptcy. There is no checklist for success, but I can assure you without elements of the above achieving success is impossible. Our current economy is tough and it saddens me when I hear about friends and neighbors losing jobs and homes, but at the same time I can identify friends finding success because they will not be victimized by systemic factors and have demonstrated the above elements. No guarantee for success exists, but I assure you practicing and understanding the above will bring reward.