Tuesday, December 16, 2008

Formula for Success

It turns out that there is a very simple formula for success. It takes some understanding of a few basic theories, but once you accept then as truth and start applying them, it's just a matter of time and effort. I'll give you a brief overview.

First, you have to understand that everything in life is built on a few basic principles. As a society of human beings, we are all 99% the same with 1% difference, usually mainly projected in our physical appearance. We all need food, shelter, love and attention. We all have problems, experience a range of emotions, and have the ultimate goal of being a success at our specific interest. We are all members of different groups where we have roles and value placed on the opinions of the other members based on their roles.

Knowing this, the interplay between us is dictated by economic theory. We are managing different resources that we control, exchanging them with others for ones that they possess that we desire. The value we put on what we have versus what others have is determined by our own happiness as well as the value we place on the opinions and needs of our core group.

With these basic rules established, how do we become a success?

The initial step is to produce value. You can do this on your own on a small scale. If you leverage technology, nature or even other people, you can create consistent value on a larger scale. Once you start consistently producing value, then you just need to find individuals or groups that require what you are producing and are willing to exchange more value in return for it than it took you to produce it.

That is the formula for success in its most basic, elementary form. Specifics are not included, but once you can successfully execute every step in the process from production to delivery, then you cannot fail. It becomes a matter of improving the process to require less to produce more as well as either finding better target groups that have a greater need for the value you produced or increasing the value you are providing so you can get more value in return in the exchange.

It really is that simple.

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