Almost everybody wants to achieve massive financial success;
But only a handful of us manage to achieve it.
In the early stages of the journey to success; people are always enthusiastic, and they have no doubt in their mind that they’ll be able to pull it off.
However, after long periods of hard, grueling work; many people give up because they find out that financial success is seriously tough to achieve. Only a few people manage to stick it out until they reach their own definition of the word.
After analyzing many successful people, as well as those who never reached their goals; it dawned on me that there is a major reason why some people give up. And why some persevere on this journey to success.
There are primary factors involved, in which the people who fail do not embrace. Those who finish the race embrace these factors, while those who fail to embrace them, never achieve success.
Here are 7 major factors that make people give up on their journey to success:
Humility is an essential factor on the road to success. Success in almost anything requires individuals to embrace humility. Many entrepreneurs claim that they had to conduct door to door sales in the early stages of their businesses.
Besides this, some actors such as Emilia Clarke, claim that they had to accept insignificant roles in the first stages of their careers before they were given major roles.
Despite the fact that humility is essential for the early stages of any career, many people give up after realizing that they will have to be down to earth in the beginning stages before they advance further.
In this egocentric society people feel ashamed to act humble, and so they avoid situations that force them to be humble at all costs.
2. Extremely Hard Work
Success requires tireless hard work. Successful people work harder, but also smarter than failures. People like Elon Musk and Bill Gates revealed that they work up to 16 hours a day.
50 Cent revealed that he worked so hard that he sacrificed sleeping for three days. He claimed that sleep is for poor people.
Hard work is, therefore, the key to success.
Hard work leads to mastery, self-confidence, builds character, and it also leads to luck because luck occurs when opportunity meets preparedness. Those who manage to succeed know the importance of hard work, and therefore, they embrace it by making hard work a habit.
However, the average person is pretty damn lazy. They only work 8 to 10 hours a day, and then clock out and shut off, still expecting to succeed in life. The average person gives up when they realize that achieving success requires them to get out of their comfort zone and work hard, both day and night.
3. Risk Taking
Success requires an individual to take a massive amount of risks, ranging from personal to financial risks.
Analyse the biographies of successful people, and you will realize that a large percentage of them took large risks. Such as investing all their funds in a project, dropping out of college, or quitting their jobs.
However, the average person avoids taking risks, and if he takes a big risk and fails, he gives and coils back to mind numbing safe and secure ventures.
Perseverance is a critical factor in the journey to prosperity. In my opinion, perseverance is the ability to continue having faith and working hard towards your goals even when things are not going as you expected. Many people give up when they face massive setbacks.
However, only the brave and the bold persevere regardless of how many heart-breaking obstacles they encounter. Jack Ma, the internet entrepreneur, worked on Alibaba in its early stages despite the fact that the company failed to achieve profits in the first three years.
Today, Alibaba is one of the most valuable companies in the world, and Jack Ma is one of the richest people in the world.
A lack of patience is what makes many people give up chasing their dreams. Statistics reveal that it takes 5 to 10 years of hard work on a project before it becomes incredibly successful.
However, many individuals give up, especially if they don’t see huge results after a month, 3 months, 6 months, a year, even 3 years in. Giving up after 3 years in is stupid. You’ve already put in all the hard work. You’re so close.
The modern world is governed by instant gratification: people expect success to show up on their doorsteps after few months of putting in effort.
We want to succeed as fast as possible; and we, therefore, quit when we realize just how long it’s actually going to take for even the first signs of success to appear.
Gary Vaynerchuk, an author and internet personality, once said that the main reason why people fail to achieve success is the lack of optimism. I absolutely agree with him.
Optimism refers to the confidence about the realization of a specific expected outcome. In the beginning steps of the journey to success, many people are always optimistic about the achievement of their goals.
However, after facing some obstacles, the level of optimism in most people greatly reduces hence resulting in them giving up. Only the individuals who are optimistic regardless of whatever happens are those who manage to achieve success.
The optimists often fail to give up because even if they face obstacles, they always believe that success is around the corner.
Those who manage to achieve financial success often have faith in their abilities: they believe in their skills, and they know that nothing can stop them.
Besides this, it is easy for a self-confident person to achieve success because they believe in their ability to overcome any problems that they might face.
Self-confidence ensures an individual continues moving forward even if they know that there’s a very hard and mentally challenging climb to come. On the other hand, it is easy for an under-confident individual to give up because they’re discouraged by the slightest problem that they might face.
Also, an under-confident person often fails to think rationally because the lack of faith in themselves ensures that they make emotional decisions. Lastly, an under-confident person always gives up because they shy away from obstacles; simply because they don’t think they can overcome them.