7 Critical Success Factors – Key Examples
Critical Success Factors … What determines your success in life? Is it Luck? or are there certain critical success factors that come into play?
Why do some people seem to get all the breaks and thrive while others barely survive?
Is it the luck of the draw … or the choices they make in life?
I believe it’s the choices they make and the actions they take
Here are 7 Success critical Success factors / Success Tips that will help you get more out of life
Critical Success Factors # 1 – Love what you do!
When you love what you do it isn’t work! Find something that you love to do and find a way to make money at it. Nobody can compete with somebody who gets up in the morning looking forward to the day. Ask yourself this question: “If you won the lottery tomorrow would you still go to work every day? If the answer is no, find something else to do!
Critical Success Factors # 2 – Diversify Your Income With Multiple Income Streams – Having only one Income Stream is dangerous these days. If your only income is a job what happens if you get laid off? There are many things you can do to earn extra money. Some of these include Real Estate Investing, Affiliate Marketing and Network Marketing. All of these are things you can start part time and they won’t interfere with your current job.
Critical Success Factor # 3 – Turn off the Damn TV!
It has been scientifically proven that for every 18 hours you spend watching TV your I.Q.goes down one point. Ok, I made that up but you get the idea. TV is not only a waste of time, it’s a waste of brain cells. Pick up a good book instead. A mind is a terrible thing to waste!
If you are a W-2 employee you are being taxed at the maximum rate. You can reduce your tax liability dramatically by starting a part time home based business and turning your personal expenses into deductible business expenses. You can do affiliate marketing, Network marketing, consulting etc. Talk to your Tax adviser for more information.
Critical Success Factors # 5 – Change Your Friends!
If you can’t change your friends … change your friends! They say your income will be the average of your 5 closest friends. So if you are hanging out with positive, motivated, successful people it will rub off on you. If you are hanging out with 4 broke people with no ambition, guess what? You’re the 5th!
Critical Success Factors # 6 – Feed Your Mind Daily
90% of what enters our mind is negative. When was the last time you saw something positive on the news? You should be filling your mind with positive stuff daily. Check out Jim Rohn, Les Brown, Tony Robbins, Jack Canfield. Brian Tracy, Stephen Covey. Whether it be books or audios you should be consuming personal development material daily.
Critical Success Factors # 7 – Get Residual Income
99% of the people in the world work for Linear Income. That’s where you do some work, and get paid. In order to get paid again you need to work again. I call it “Trading Time for Money”. Residual Income is when you do work once and get paid forever. For example Paul Mc Cartney gets paid every time a Beatles song plays on the Radio. That’s RESIDUAL INCOME! But you don’t have to be a superstar songwriter. Another way to develop residual income is through Network Marketing which anybody can do!
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