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    Success Influencing Failure

    Success Influencing Failure

    As an entrepreneur, it can be difficult to balance all of your commitments because growing a successful company consumes your time and focus. You may hit a point of success, but that success can be the seeds of your own failure. 

    “As entrepreneurs, we need to really be very clear at what we’re defining our success to be.”

    In the “Bucket Theory of Life,” you have three buckets:

    1. Short-term Bucket: This includes your worries of needing to schedule a meeting with a client today or having to talk to an investor tomorrow evening.
    2. Medium-term Bucket: With this bucket, you ask yourself, “What am I doing across the next few years?”
    3. Long-term Bucket: This bucket consists of your family and friend relationships, as well as your character, and deeply looking into those so that you can become the best version of yourself in a long-term perspective.

    The reality is that the long-term bucket tends to be neglected the most and if you don’t spend time digging into that long-term bucket, you will be led down a path of failed relationships. Wouldn’t you want a successful business and personal life?

    Spirituality, family, and all related factors are just as important as your business and it is vital to be grounded as a human being in order to find true success in your business.

    In what other ways can success bring failure?

    In many cases, entrepreneurs start off with flames of energy as they find success with that determined drive. However, once they find the key asset that brings them success, they continue to use that one asset until they fail.

    Remember: What keeps a business alive is innovation!

    In what ways can you more effectively balance all of your commitments and in all stay away from heading down a path that leads to a dead-end of failure? To find out and dive deeper into this important topic, listen to this full session above!

    Read the Audio Transcript for the Episode - 'Success Influencing Failure'

  • Read Transcript

    As an entrepreneur, it can be difficult to balance all of your commitments because growing a successful company consumes your time and focus. You may hit a point of success, but that success can be the seeds of your own failure.

    “As entrepreneurs, we need to really be very clear at what we’re defining our success to be.”

    In the “Bucket Theory of Life,” you have three buckets:

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