Bill Gates Says These 5 Traits Guarantee Success

April 16, 2016

If you're looking for a role model of lifelong success, you can't do much better than Bill Gates. Microsoft, the company he founded, created a whole industry. At a net worth of nearly $80 billion, he's the richest man in the world. His philanthropic activities reach far and wide and have actually made the world a better place. Oh, and he also achieved his dream, which was a personal computer on every desk.

What led to Gates's success? He certainly was in the right place at the right time with the right concept for a product. But over the years, he himself has pointed to some of the attitudes he believes lead to continued success. They're a good guide for anyone, in any field. The personal finance site GOBankingRates has compiled some of them within a piece about how Gates thinks you should spend your money.

Here are some of the most relevant attitudes he looks for--and which anyone can develop:

1. Knowing how to say no.

This is advice Gates got from Warren Buffett, and it's extremely useful for everyone, whether you're rich and successful or not. There will always be an unending supply of opportunities, things to do, causes you care about, and on and on. In this busy world, knowing when and how to say no to projects, social invitations, and other requests for your time may be the most important skill you need. It will allow you to figure out what's truly important, and then focus your attention there.

2. Welcoming criticism.

"Embrace bad news to learn where you need the most improvement," Gates advises in his book Business @ the Speed of Thought. While it's never pleasant to hear someone tell you how you've screwed up, without that kind of feedback, your learning process and growth will be much slower. I find listening to criticism nearly always gives me perspective that I didn't have, and that I need.

Of course, some criticism is not useful--so you have to use your judgment to tell the difference. With that in mind, next time someone wants to chew you out, don't walk the other way. Stop, listen, thank them--and learn.

3. Optimism.

It can be hard to be optimistic in a world where so many things seem to be going wrong. But without optimism, no one would ever start a company, invest in a new idea, or try out a new product or market.

Gates appreciates the value of optimism, and since his work addresses some of the most disheartening problems on our planet, such as sex trafficking, hunger, and extreme poverty, he needs a lot of it. "Optimism is often dismissed as false hope," he said in a Stanford commencement speech in 2013. "But there is also false hopelessness."

4. Being willing to fail.

"Success is a lousy teacher. It seduces smart people into thinking they can't lose," he wrote in his book The Road Ahead. Today's can't-fail product could wind up obsolete tomorrow, he explains, which could be what's happening to desktop personal computers and the Windows operating system that often runs them.

You may find successes more enjoyable than failures, but it's the failures that will teach you the most and give you the best opportunities to grow. Keep that in mind next time you fall flat on your face.

5. The ability to focus on a goal and keep progressing toward it.

In an annual letter from the Bill and Melinda Gates Foundation, Gates drew some lessons from the history of the steam engine. "You can achieve amazing progress if you set a clear goal and find a measure that will drive progress toward that goal," he wrote. He went on to say that finding the right goal and the right metric for tracking one's progress is surprisingly difficult.

Then again, if it were easy, everyone would be doing it.

Source:  http://www.inc.com/minda-zetlin/5-success-mindsets-bill-gates-wants-you-to-learn.html

Please reload

Featured Posts

Leaders and Emotions -What is the Perfect Formula?

April 16, 2016

1/1
Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags
Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

EminentSteps Consulting

Zubin J. Mirchandani is award winning Leadership Coach who advises CXOs and Business Leaders across the World.

 

 

Follow us

 

 

  • LinkedIn Social Icon
  • Twitter Social Icon

© 2019 by ZUBIN MIRCHANDANI. All rights reserved

 

Eminentsteps owns the copyright and other intellectual property rights to all material displayed on this site.

The intellectual property on this website is protected from copying or reproduction under national and international trademark and copyright laws, and nothing on this site should be construed as a license to use the intellectual property. Your use of the intellectual property on this site is strictly prohibited, and nothing contained herein shall be construed as conferring by implication or otherwise any license or any other right under any intellectual property or other proprietary right of Eminentsteps. All rights reserved. 

By using  Eminentsteps.com, you agree to the terms of this Privacy Policy. We collect personally identifiable information that you enter on the website- such as your name, e-mail address, home address, phone number, and/or similar information, when you contact us for information, or make purchases. We use this information for such things as responding to you and your requests and queries, and communicating with you. We reserve the right to use or disclose any information without notice or consent for the following purposes: as needed to satisfy any law or legal request; to conduct investigations of consumer complaints or possible breaches of law; to protect the integrity of our Website and our property; to protect the safety of our visitors or others; to fulfill your requests; or to cooperate in any legal investigation. The information you give will be available to only Eminentsteps Coaching staff and  the Website hosting firms. If you do not agree with these terms, please do not send your personal information(on contact page). You can opt out or change your information once submitted by emailing your name, email address and request for change/deletion of information to zubin@eminentsteps.com.