Sep 18, 2010

The 4 Elements of Success (Part 1)

There are 4 key elements that can lead to success. They are knowledge, money time, and network. Every successful entrepreneur and businessman know how to manage these 4 elements well. How they do it and what is the relation between these 4 keys? 

1. KNOWLEDGE:
Knowledge that can lead you to the road of success is very important. A person without knowledge and knowing the skills but never apply or use them is as good as blindfold and doing with both eyes covered. 
Knowledge can be acquired through a lots of ways. The most common ways are reading, listening or tapping to other people talks. 
Acquire the correct knowledge will lead you to success!

2. MONEY:
Money is another key to success. The money mention in this column is not the root of evil. Money in here means planing of your own financial. Plan the spending and saving well. Plan on how to utilize the money to work for you. Live below your mean and try to maximize the saving. From there plan out on how to invest your savings. 
Learn on how to identify good debts and try to get rid of bad debts.

3. TIME:
Out of the 4 keys, this is the fairest of all. Every one has the same amount of time - 24 hours a day regardless you are rich/poor, young/adult. Time management is very important and people always neglect this. Plan your time wisely in everyday. Not only that, plan it for weekly, monthly and even annually. 
Every seconds you waste, you'll not able to earn it back. 

4. NETWORK:
Network means your own people's web. There are so many different types of jobs, professionals, and people working in so many different fields. the society is built from multiple single organism. How the society is linked? It's linked and formed from the people network! Imagine you are a single thread of the cob web, can you catch the prey? So what if you work with the other 10 threads together by linking each other up and form closer, do you think it'll be easier for you to trap the prey? The more threads you mixed, the bigger the web and smaller hole you form. End up, the big big dense web is able to trap prey easily and even the smallest creature also can not escape from it. 
Go out, network so you can form your own big web.  

In part 2, I'll be sharing on how these 4 keys are related so closely together to achieve success. 

2 comments:

Anonymous said...

Hello quincy i like what you said, years ago there was no internet & youtube but now communicating your message ( writting and visually ) a global audience can be reached, the potential of promoting a business and thriving in one's career is almost limitless with the web. Would you agree or disagree ? Manny - thanks

Quincy Tan said...

Hi Manny,
I fully agree with what you said.
You just add in more value to me. The network can mean internet as well! I do save use Internet network to cut short in gaining time, knowledge and money.
Thanks Manny.

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