This Business News Story Was Uncovered By Us From: https://www.under30ceo.com/definition-success/
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I was watching a documentary called Nothing To Lose about the Co-founder of Visalus, Ryan Blair, and heard something that really caught my attention:
In 1806, the definition of Success in the Webster dictionary was to be fortunate, happy, kind and prosperous. In 2013 the definition of success is the attainment of wealth, fame and power.
This change in the definition of success tells a great deal about society and how we have steadily glamorized wealth and power. The popularity of television shows about entrepreneurship and successful entrepreneurs touting their successes in books and podcasts have assisted many aspiring entrepreneurs to actually take the leap of faith. However, they have also helped formed a new wave of entrepreneurs who create products with the wrong intention – to make a lot of money.
These entrepreneurs feel that they can start a business and be successful by simply making a lot of money before ever realizing that should never be the end goal. Wealth should be the fortunate consequence of achieving other goals, not the ultimate goal.
Daymond John recently spoke at the University of Florida and lead an inspiring talk about his formation of FUBU and all the ups and downs of the company. He went from having nothing to getting $300,000 in purchase orders with no way to make that much product. He didn’t have grandiose illusions of extreme wealth – he had passion.
Instead of looking at this as an insurmountable challenge he attempted to get bank loans in an attempt to fund his purchase orders, Daymond was denied by every single bank before his mother told him she could refinance her home and that Daymond could use it as a warehouse to manufacture FUBU clothing. He put the work in because he was passionate… Read More
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