Why Persistence Will Make You Successful

Take Jimbo. <ol> <li>Jimbo takes years to build his business.</li> <li>The economy sours. He runs out of cash. </li> <li>He quits business.</li> </ol> He gives up forever and ever. Take Jimbalyathewinner: <ol> <li>Jimbalyathewinner takes years to build her business.</li> <li>The economy sours. She runs out of cash.</li> <li>She continues building her business on the side.</li> <li>She persists. </li> </ol> And persists. And persists. And persists. And persists. And persists. And persists. And eventually, she bumps into ridiculously profitable business. <ul> <li>The power of persistence = trite, over-indulgent, wisdom that's mostly ignored.</li> </ul> But, it's one of the most powerful mechanisms to make your business succeed. <h2>Persistence Mathematically Works</h2> Peep this: <ol> <li>Google, P&G, 3M, and every other ridiculous innovator knows that every product they release won't be profitable.</li> <li>They know that every product comes with a high probability of failure.</li> </ol> So assume this: <ol> <li>Your first try has a 10% chance of succeeding.</li> <li>Two tries? 31.6% </li> <li>Three tries? 46.4%</li> <li>10 tries? 79.4%</li> </ol> (The equation: Your chance of success = 0.10^(1/X) ------ where X is your # of tries, based on the assumption that there's a 10% chance of succeeding) It's like this: <ol> <li>You can play a game of cards with odds stacked against you.</li> <li>The more you try, the likelier you will succeed at least one time.</li> </ol> And, opposed to Vegas, succeeding in business just takes one win to establish your business for a profitable long-term. <h2>You haven't succeeded?</h2> Don't cry. Dry your eye. BAM. Keep trying. You'll get there. <h2> Persist like a chicken wing.</h2> 2009-09-08T02:12:52-07:00 true 759 why-persistence-will-make-you-successful

2009-11-03T18:00:59-08:00