Why You Shouldn’t Copy The Habits Of Successful People

Why You Shouldn’t Copy The Habits Of Successful People

NOV. 16, 2013, 6:22 AM 764 1

The problem with looking at the successful for inspiration is what they do now isn’t what got them there. You’re liable to copy the wrong things. Here are three commonly copied qualities of the prosperous, and why they’re so dangerous:

Scheduling: The cost of being in demand

A successful person usually adopts an insanely heavy schedule. It’s not hard to imagine Beyoncé, say, having 90% of her life booked up for months in advance. This is not a good thing. In reality people usually find such pressures debilitating; they have the perverse effect of compromising the very thing that made that person great in the first place, like the time to study and make music. Scheduling is actually what you want to avoid; the freedom to do what you want is one of the greatest assets a person can have in becoming successful. Long blocks of uninterrupted time are what allows you to develop your music / book / health / business in the first place. Don’t be in any hurry to regiment all your time.Pride: The luxury of dismissing others

The more successful someone becomes, the more they are forced to dismiss others. This is simple math: time doesn’t scale with success; Justin Bieber can only write so many thank you notes.

But before they were successful, most people thanked every fan. They chased down every opportunity they had. In fact, they bashed down the door of opportunity relentlessly until they got what they needed.

Success makes this dangerous and unwarranted, so the barriers shoot up. But if you’re working to get there, don’t be in such a hurry to dismiss others. No one ever became successful by themselves.

Protection: The necessity to defend what you have

When you’re at the top, your greatest fear is of falling.

And that’s not without good reason. Bigger names are bigger targets for lawsuits, scams, argument, theft and exploitation. Success paints a big target on your back.

But a protective mindset is poisonous to getting started. Without willingness to sacrifice, or to endure risk, it is almost impossible to become successful. Indeed, it is usually a willingness to advance relentlessly without fear that leads one to become successful.

You’ll find as you advance up the ladder, the rules change. The mistake is thinking you can play the game the same way however high you climb.

In fact, being at the lowest rung comes with a huge advantage: none of these burdens exist for you. Don’t make the mistake of adopting them before their time.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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