Make sure that at least 5 of the following 7 points are beneficial to you wind direction.
Editor’s note: In addition to hard work, billionaires always have luck that ordinary people do not have, such as timing, social factors, geographic location, etc … not only at the individual level, but also at the company level. This article was published on Medium by David O., the original title of All Billionaires Have Lucky Advantages You Rarely Notice.
Image source: Peter van Eijk / Unsplash
Every success story has an element of “luck”, or you can call it grace, grace, good luck, opportunity, etc.
You can find that some millionaires will boast that they have worked hard to achieve what they are today. But in this regard, billionaires are usually very humble. This is for a reason.
Billionaires are too successful, saying that their hard work is to shame their work. You can become a millionaire by working hard. But if you want to be a billionaire, you need some “luck”. Almost all billionaires believe that their success is not just the result of hard work. However, many of them know that hard work is the only way to prepare for good luck.
Someone always tells you that success is only based on hard work. These people are either lying or have not had great success. This is not to despise hard work. This just shows that there are still some factors that people rarely pay attention to their success. Most billionaires know that some people are smarter and harder than them, but they are far less successful than them. So, luck is important. Looking at it from a broader perspective, luck is a skill. But there are some lucky advantages that people rarely notice.
The reason I point them out is that if you do n’t have these lucks, it ’s difficult for you to succeed. So, before pursuing any commercial success, it ’s best to notice them and put itThey become something that is good for you.
This is the 7 lucky advantages that all billionaires have. Even billionaires, most of them rarely notice this and are not aware of their lucky advantages.
1. Location
Imagine that Warren Buffet is an investor from Thailand. Do you think he will become a billionaire like today? Thailand’s huge wealth can make him a millionaire, but his chances of becoming a billionaire are slim.
What is the reason? Buffett is in a country with a lot of capital flows, and American investors have a lot of money to invest in.
Let us assume that Mark Zuckerberg was in Senegal (West African country) when he tried to start Facebook. Do you think he will succeed? Suppose he is in the United States, but lives in Dakota (Dakota, two states in the Midwest of the United States). What is his chance of success?
Silicon Valley is called Silicon Valley for a reason. There is a reason why every startup with a global vision wants to have a place in Silicon Valley. Location is the first element of luck.
If you are not in the correct location, the direction of your efforts should first be to the correct location. For each enterprise, there is a suitable location to achieve greater success.
You can succeed anywhere, but super success is based on location. In business, you must be in the same location as your early adopters.
2. The course of history
Many people ignore the impact of the times on their wealth and success. If they were around 200 BC, today all those visionary billionaires could be imprisoned.
You can say that the times are good for everyone in today ’s world, but this is not the case: some people are ahead of the times. Only those who succeed them can inherit the success and reputation of their current career.
For entrepreneurs or business owners, time is of the utmost importance. Today, everyone of us knows Thomas Edison, but only some people know Nikola Tesla: If you mention Tesla, most people will immediately think of Elon. The automobile company of Elon Musk.
Nikola Tesla pays too much attention to the future. There is no doubt that he had a profound impact on today, but his life is clearly ahead of that era. This is not like Edison putting all his energy into the present.
It is a huge advantage to live in a historical period where you can get a proper return as long as you work. Billionaires cannot deny this.
3. Partners
A person can become a millionaire by personal efforts, but a billionaire is not alone. Most billionaires have key partners and allies who make their dreams come true.
If their partners do something wrong, they may go bankrupt or be imprisoned somewhere. Large transactions mean big bets, and trusted partners are undoubtedly necessary for big bets.
Some people are unlucky in this regard. You will never know how lucky you are to have a good partner until you unfortunately meet a bad partner.
Steve Jobs (Steve Jobs) has Steve Wozniak (Steve Wozniak), Bill Gates (Bill Gates) has Paul Allen (Paul Allen), Larry Page ( Larry Page has Sergey Brin … There are so many examples. Some people ’s partners are not very obvious, they may be their spouses and junior employees.
4. Team
This is closely related to the previous point about partners, but not about one person, but about a group of people.
Business is a team sport. If you try to fight alone, those who know how to play will smash you with their own team. Having a good team at the beginning of the business is a huge asset. You must be lucky enough to have a great team.
Having a great team does not mean that all team members must be kind people, but that all team members must be committed to the results. Large companies need tax lawyers, accountants, lawyers, bankers, etc. Their business is as strong as the team.
Billionaires have realized that teams are more important than ideas or concepts.
5. Mentor or pioneer
The easiest way to get rich is to find someone who is similar to your career and follow in their footsteps. Most billionaires have their own mentors, and their insight is a lucky advantage.
Some billionaires do not have mentors, such as Mark Cuban. However, if you look closely, you will find that they all have what I call “pioneers”.
In the business world, pioneers have suffered a lot. They can finally achieve something, but they also left a lot of scars. Smart people wait for the pioneers to suffer, paving the way, and then they go along the already paved road.
Most billionaires are not pioneers, and their path has been paved by some people or businesses. There are also some billionaires who look like trailblazers, but they are the first time that two “parallel routes” intersect and create new paths. Strictly speaking, theyNot a true pioneer. True pioneers have received little or no recognition in their time.
Today, most young entrepreneurs are deceived. They think they must become pioneers. Some novel and novel concepts will be praised, which is used to inspire young people. But at the same time, copycats (where no such behavior is prohibited) are also easy.
Some people copied the products of a company from another country to their own country and gained huge wealth. How easy and simple this is.
If you are lucky enough, then you will continue on the road that the pioneer or leader has paved. If you have to be a pioneer yourself, don’t focus on this in the early stages of your life. When you have a certain degree of success, you can become a pioneer and start your own path.
6. Government
This is very important. If you are lucky enough, you will be under good government management, which will allow your business to flourish. Some people do not have these advantages at all, because their government will hinder their efforts.
All billion-dollar companies will eventually come into conflict with the government, and the government must view large companies with a proper perspective.
The biggest problem that the government can bring to large enterprises is not the forced closure of enterprises (after all, most governments will not do this now), but it has inadvertently slowed down the speed of business transactions and processing, which will cause an enterprise to lose Global leadership: Compared to business, government does not operate at the same speed. You will find that billionaires are concentrated in countries where the government is efficient and supports large enterprises with policies.
Policy issues are very important, followed by the efficiency of government operations. You rarely hear about it, but it is indeed a huge advantage.
7. Timing
This is the most important kind of luck. One of the definitions of success is to be in the right place at the right time. The correct location is the correct location, but the correct time cannot be calculated.
This is entirely based on luck (or grace or good luck or other names). However, this will only happen to those who are prepared by hard work. Some successful people have accepted the fact that the harder they work, the luckier they will be. But you must see all the other factors between the lines: they will make the right choice involuntarily.
There are many good ideas that fail because of the wrong timing. Bill Gross talked about a startup company he founded in the early 2000s, which was originally an Internet video platform and later failed, just because the browser at the time could not support their format.
Two years after their entrepreneurial failure, Adobe provides a solution for browsers: easily support video content with Adobe Flash. A few months later, YouTube was born. Their genius thought was too early, and the result failed-the timing was wrong.
All large companies have seized the perfect timing, and all billionaires have the experience to seize the perfect timing. Unfortunately, this is not something that can be taught or calculated. You can only work hard (and smart enough) to do other things well, so that you are more likely to grasp the timing.
Conclusion
I know you might say: There is an elephant in the room. Indeed, those from wealthy families inherit a lot of property, but this is part of the path that the pioneers have laid.
So, the logic is very simple. Before you have the opportunity to rack your brains for any entrepreneurial project, make sure that at least 5 of the above 7 points are beneficial to you. Before deciding what to actually do, it is wise to try to straighten out these factors.
Do n’t start with what you expect to bring success to yourself, but arm yourself with all the lucky factors that can bring success, and then follow the established path.
I hope you can learn something new from it.
Translator: Xitang