Hope you're having a GREAT Day!
Last night I was reading the latest issue of Forbes magazine.
It's an awesome magazine and this specific issue was about a group of 620 people that have something in common.
They're all billionaires.
I started reading the story of the first person they were featuring and as I got deeper and deeper in the story, powerful success insights jumped out to me that I wanted to share with you.
The story was about Dietrich Mateschitz.
I didn't recognize his name either, but reading further I recognized what he'd built.
Have you seen the energy drink 'Red Bull' that's been a huge hit in the U.S. and worldwide over the last 5 or so years?
That's' what he started and now he's worth a whopping 2 BILLIION dollars. But here's what important:
I want to share with you 3 success insights that I isolated in his remarkable success story that YOU can use in your life and business starting today.
You ready? Awesome, let's go.
1) Taking the Long-Term View - So many people act on an idea, do it for a month, it doesn't 'work', so they go on to another idea, it doesn't 'work' and they repeat this vicious cycle for most of their adult lives.
Immediate gratification is the desire of too many people. I know this as much as anyone because I'd been very guilty of this myself years go.
Let me quote from the article: "For the next 3 years Mateschitz tinkered with the drink formula and developed a marketing strategy."
Mateschitz and all GREAT entrepreneurs take a LONG-TERM VIEW, not a week- or month-long view. They realize great things take time to evolve, to build.
They realize they need to make a ton of mistakes in order to discover what works. So many of us have had million dollar ideas and we gave up on them MUCH too soon.
Look at your idea over a 1-year view, 3-year view, or even more. It will give you the 'room' you need to grow yourself and your business.
We all need to earn the right to be rich and that takes place through persistence, patience, and action.
2) Ignore the Naysayers - There are times to listen to 'focus groups' and times not to; and Mateschitz is really glad he didn't listen.
From the article: "Before launching, Mateschitz hired a market research firm to test Red Bull's acceptance. The result was a catastrophe. People didn't believe the taste, the logo, the brand name...I never e xperienced such a disaster."
Did Mateschitz believe in his idea 100%? You bet he did. There's a time to 'hear' your market and there's a time to go for it. Mateschitz was 100% correct in his heart and his decision.
3) Singles and Doubles - I used to go for 'homeruns' and millions before I ever made hundreds and thousands; most people fall into this trap also.
One of the big things that changed my life was making my goals smaller and celebrating those small steps and victories.
We all know you need to make $500 and $5,000 before you can make $50,000 and $1,000,000, but sometimes people forget this.
Mateschitz sells 2 billion cans of Red Bull now a year.
But look how he got that.
It was with singles and doubles.
First year can sales: 1 million.
Second year can sales: 2 million
Singles and then more singles.
Step by step.
Can by can.
This is how ALL success happens.
Ask yourself:
What is the next simple step I could take TODAY to move my life and/or business forward? Mateschitz took the long-term view and UNDERSTOOD that you sell a billion cans ONE can at a time.
If this makes sense to you, you must pick up my 'Power of Concentration Success System' because it will help you stay focused and get those 'singles and doubles', go here:
There are many simple lessons to be learned from billionaire Dietrich Mateschitz. Pick ONE of the 3 above and start using it TODAY.
Talk to you soon.
Mike Litman www.mikelitman.com
www.mikelitman.com
Mike Litman is the co-author of the #1 Best-selling book Conversations with Millionaires. Over the last 3 years, Mike has unleashed the greatness of tens of thousands of people worldwide. Networking Times Magazine called Mike Litman 'a modern day Napoleon Hill' and at the age of 30 he's already shared the stage with well-known speakers such as Mark Victor Hansen and Bob Proctor.www.mikelitman.com
Effective listening is almost certainly the most important communication skill,... Read More
Pain. All of us have felt that emotion some time... Read More
Hey,Josh here from Investor Wealth Academy sitting 29 stories above... Read More
If you are like me you have probably lost a... Read More
Imagine being firmly committed to your deepest ambitions. Imagine feeling... Read More
1. Believe in yourself and what it is you do.... Read More
Once you've made it...throw a Success Shindig! Of course you... Read More
Many different daily tasks require a strategic process to be... Read More
One of the inevitabilities of University life is the examination.... Read More
We speak every day without fully recognizing the impact our... Read More
Commit yourself to spending time only with people who are... Read More
Are there any universal laws that most successful people seem... Read More
"The principal purpose of business is to create a customer."... Read More
So you want to be successful (whatever that means to... Read More
I'll let you in on a little secret...life delivers pretty... Read More
Have a therapeutic meltdown It's crunch time: you're two days... Read More
Evaluations are a tremendous resource to help us know where... Read More
We live in the information age, dominated by the development... Read More
If that sounds like you, you're not alone. Everyone needs... Read More
Many of us have lost sight of what we really... Read More
Reggie Yates, a pop song presenter, was singing on 7th... Read More
Do you remember when you were a child and no... Read More
McDonald's does it, why shouldn't you? Life is filled with... Read More
As a child you probably learned failing is bad...Failing meant... Read More
Most sports are full of lessons for the discerning. Tennis... Read More
Thomas Edison has done it. Naomi Watts often jokes about... Read More
We live in the information age, dominated by the development... Read More
When traveling down the road it is always good to... Read More
Do you know how much time do you spend listening?... Read More
Why do some people end up with boring jobs living... Read More
For every disciplined effort, there are multiple rewards. That's one... Read More
Success isn't all that it's cracked up to be... I'm... Read More
Most of my clients had a vision of the contribution... Read More
Bank account bare? Bedroom barren? Body running on empty? Buddha... Read More
If we are involved in a project, how hard should... Read More
I was at a dinner party the other night when... Read More
Noted author and self-worth teacher Eric Butterworth* says, "Poverty is... Read More
Accelerated learning is not only practical, it is profitable. Acquiring... Read More
I've just sent an email to my mailing list based... Read More
Our thought are magnetic ! Like a magnet we attract... Read More
Here are 10 of 26 proven strategies gleaned from interviews... Read More
Response means "to answer" and that idea, in its purest... Read More
Are you on the right track?Stop for a while, look... Read More
In the book, The SHOCKwealth System?, it is discussed that... Read More
Lots of people network but few reap the rewards of... Read More
In the first part of this article you learned some... Read More
A wonderful quote by author and scholar William A. Ward... Read More
Have you ever wondered if there was a way to... Read More
Study hard, get good grades and you will have a... Read More
Conditions differ from circumstances. Circumstances are changeable conditions which merely... Read More
Success |