Wednesday, March 24, 2010

Making Success Last - The S Principle




Each S in the diagram represents the processing of a resource. If you observe closely, you will see that the base of the first S is flat. It shows the high difficulty index you will have to overcome when you start your initial resource’s processing. There’ll be mistakes to make, uncharted courses (at least to you) to chart, many expenses and the costs associated with breaking your product into the consciousness of people. The takeoff may be slow, as shown by the flat base, but if you diligently persevere and are innovative, it will not be long before you get to the second phase of the first S. you notice that there is a rapid rise in value and profitability. Many things come to you here. Fame, recognition, financial returns, social connections and so on. This is where many people miss it. This is the critical point where differentiation between the flash-in-the-pan successes and those whose success will be sustainable becomes evident through the behaviors they exhibit. To ensure that success is secured and sustained, rather than living it up, learn to channel the earlier mentioned resources into building up another resource or group of resources. The success of the first one will be a support to the new resource(s) and will provide the needed recognition and experience to make the takeoff of the new resources easier. Hence unlike in the first S where the base was flat, the second S’s base rises from the onset. This shows that profit and returns on investment come quicker and are usually greater for than for the initial resource. Risk is also minimized because it is spread amongst multiple resources. You then repeat the S-Principle until you now have a diverse processing set. That’s what nations like America and Japan have done that has made them the envy of the world today. That’s what businesses like Dangote Industries have done and they have become continental businesses. Music stars have done it continually. What they have all done is that they made successes of their initial resource, in the case America agriculture, in Dangote’s case imports and in the musicians’ case their music. They then continue to reinvest their success on newer, more up to date resources and end up making a dynasty of success. If they could do it, then you can do much more. It’s really up to you.

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