31 Failure Causes | Hidden Reason for Business Failure

napolean_hill-1My analysis proved that there are thirty-one major reasons for failure. As you go over the list, check yourself by it, point by point, for the purpose of discovering how many of these causes-of-failure stand between you and success.

 

– Napoleon Hill, Think and Grow Rich

31 Major Failure Causes – by Napoleon Hill

1. Unfavorable hereditary background

There is but little, if anything, which can be done for people who are born with a deficiency in brain power. This philosophy offers but one method of bridging this weakness-through the aid of the Master Mind. Observe with profit, however, that this is the only one of the thirty-one causes of failure which may not be easily corrected by any individual.

2. Lack of a well-defined purpose in life

There is no hope of success for the person who does not have a central purpose, or a definite goal at which to aim. Ninety-eight out of every hundred of those whom I have analyzed had no such aim. Perhaps this was the major cause of their failure.

3. Lack of ambition to aim above mediocrity

We offer no hope for the person who is so indifferent as not to want to gnapolean_hill-2et ahead in life, and who is not willing to pay the price.

4. Insufficient education

This is a handicap which may be overcome with comparative ease. Experience has proven that the best-educated people are often those who are known as “self-made,” or self-educated. It takes more than a college degree to make one a person of education. Any person who is educated is one who has learned to get whatever he wants in life without violating the rights of others. Education consists, not so much of knowledge, but of knowledge effectively and persistently applied. Men are paid, not merely for what they know, but more particularly for what they do with that which they know.

5. Lack of self-discipline

Discipline comes through self-control. This means that one must control all negative qualities. Before you can control conditions, you must first control yourself. Self-mastery is the hardest job you will ever napolean_hill-4tackle. If you do not conquer self, you will be conquered by self. You may see at one and the same time both your best friend and your greatest enemy, by stepping in front of a mirror.

6. Ill health

No person may enjoy outstanding success without good health. Many of the causes of ill health are subject to mastery and control. These in the main are:
a. Overeating of foods not conductive to health.
b. Wrong habits of thoughts; giving expression to negatives.
c. Wrong use of, and over-indulgence in sex.
d. Lack of proper physical exercise.
e. An inadequate supply of fresh air, due to improper breathing.

7. Unfavorable environmental influences during childhood

“As the twig is bent, so shall the tree grow.” Most people who have criminal tendencies acquire them as the result of bad environment, and improper associates during childhood.  Lacking mentorship as a young person.

8. Procrastination

This is one of the most common causes of failure. “Old Man Procrastination” stands within the shadow of every human being, waiting his opportunity to spoil one’s chances of success. Most of us go through life as failures, because we are waiting for the “time to be right” to start doing something worthwhile. Do not wait. The time will never be “just right.” Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along.

Also see Andrew Carnegie’s quotes.  Carnegie helped to promote Napolean Hill.

9. Lack of persistence

Most of us are good “starters” but poor “finishers” of everything we begin. Moreover, people are prone to give up at the first signs of defeat. There is no substitute for persistence. The person who makes persistence his watch-word, discovers that “Old Man Failure” finally becomes tired, and makes his departure. Failure cannot cope with persistence.

10. Negative personality

There is no hope of success for the person who repels people through a negative personality. Success comes through the application of power, and power is attained through the cooperative efforts of other people. A negative personality will not induce cooperation.

11. Lack of controlled sexual urge

Sex energy is the most powerful of all the stimuli which move people into action. Because it is the most powerful of the emotions, it must be controlled, through transmutation, and converted into other channels.

12. Uncontrolled desire for “something for nothing”

The gambling instinct drives millions of people to failure. Evidence of this may be found in a study of the Wall Street crash of ’29, during which millions of people tried to make money by gambling on stock napolean_hill-5margins.

13. Lack of a well-defined power of decision

Men who succeed reach decisions promptly, and change them, if at all, very slowly. Men who fail reach decisions, if at all, very slowly, and change them frequently, and quickly.

Indecision and procrastination are twin brothers. Where one is found, the other may usually be found also. Kill off this pair before they completely “hog-tie” you to the treadmill of failure.

14. One or more of the six basic fears
The fear of poverty
The fear of criticism
The fear of ill health
The fear of loss of love of someone
The fear of old age
The fear of death

They must be mastered before you can market your services effectively.

15. Wrong selection of a mate in marriage

This is a most common cause of failure. The relationship of marriage brings people intimately into contact. Unless this relationship is harmonious, failure is likely to follow. Moreover, it will be a form of failure that is marked by misery and unhappiness, destroying all signs of ambition.

16. Over-caution

The person who takes no chances generally has to take whatever is left when others are through choosing. Over-caution is as bad as under-caution. Both are extremes to be guarded against. Life itself is filled with the element of chance.

17. Wrong selection of associates in business

This is one of the most common causes of failure in business. In marketing personal services, one should use great care to select an employer who will be an inspiration, and who is, himself, intelligent and successful. We emulate those with whom we associate most closely. Pick an employer who is worth emulating.

18. Superstition and prejudice

A superstition is a form of fear. It is also a sign of ignorance. Men who succeed keep open minds and are afraid of nothing.

19. Wrong selection of a vocation

No man can succeed in a line of endeavor which he does not like. The most essential step in the marketing of personal services is that of selecting an occupation into which you can throw yourself wholeheartedly and choose the right mentor if it is within reach.

20. Lack of concentration of effort

The jack-of-all-trades seldom is good at any. Concentrate all of your efforts on one definite chief aim.

21. The habit of indiscriminate spending

The spendthrift cannot succeed, mainly because he stands eternally in fear of poverty. Form the habit of systematic saving by putting aside a definite percentage of your income. Money in the bank gives one a very safe foundation of courage when bargaining for the sale of personal services. Without money, one must take what one is offered, and be glad to get it.

22. Lack of enthusiasm

Without enthusiasm, one cannot be convincing. Moreover, enthusiasm is contagious, and the person who has it, under control, is generally welcome in any group of people.

23. Intolerance

The person with a closed mind on any subject seldom gets ahead. Intolerance means that one has stopped acquiring knowledge. The most damaging forms of intolerance are those connected with religious, racial, and political differences of opinion.

24. Intemperance

The most damaging forms of intemperance are connected with eating, strong drink, and sexual activities. Over-indulgence in any of these is fatal to success.

25. Inability to cooperate with others

More people lose their positions and their big opportunities in life, because of this fault, than for all other reasons combined. It is a fault which no well-informed businessman or leader will tolerate.

26. Possession of power that was not acquired through self-effort. (Sons and daughters of wealthy men, and others who inherit money which they did not earn)

Power in the hands of one who did not acquire it gradually if often fatal to success. Quick riches are more dangerous than poverty.

27. Intentional dishonesty

There is no substitute for honesty. One may be temporarily dishonest by force of napolean_hill-5circumstances over which one has no control, without permanent damage. But, there is no hope for the person who is dishonest by choice. Sooner or later, his deeds will catch up with him, and he will pay by loss of reputation, and perhaps even loss of liberty.

28. Egotism and vanity

These qualities serve as red lights which warn others to keep away. They are fatal to success.

29. Guessing instead of thinking

Most people are too indifferent or lazy to acquire facts with which to think accurately. They prefer to act on “opinions” created by guesswork or snap-judgments.

30. Lack of capital

This is a common cause of failure among those who start out in business for the first time, without sufficient reserve of capital to absorb the shock of their mistakes and to carry them over until they have established a reputation.

31. Under this, name any particular cause of failure from which you have suffered that has not been included in the foregoing list.

– Napoleon Hill (Think and Grow Rich)

11 Reasons You Will Never Be Wealthy

11 Reasons WHY You Will NEVER Be Wealthy.

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Most people do not believe this, but nearly everyone on earth has the same opportunity to become wealthy.

However, most people do not know how. Most millionaires are not born. They had mentors who taught them step-by-step.  There are certain money secrets that are purposely kept from you. Why? This is a subject for another time, but for now, let’s discuss the reasons you will never be wealthy IF you imitate the masses.

Most financial wealth secrets are not taught in school. Most people graduate from high school and college can’t even balance a check book.

Below are certain signals that you may not be on the road to riches.

If you’re focusing on working hard vs. working smart, then this is your FIRST mistake!

Working hard will not make you wealthy. Hard working construction workers working hard in the hot sun probably will never experience real wealth.

One way of working smart is investing your money —that is, taking advantage of compound interest so that your money earns money. You must discover how to make “money” your slave. You must discover how to make the money you earn “work” to make you more money.

You can do this without a lot of risks. You can do this without a lot of time or effort. It’s much easier than you think.

If you’re putting too much emphasis on saving — and not enough thought on earnings, then you’re NOT on the road to riches. Another way to work smart? Increase your earnings not just your savings.

Yes, saving money is crucial to building wealth, but you don’t want to focus so much on saving that you NEGLECT to earn more money.

Most people are so focused on clipping coupons and living frugally they miss major opportunities that could make
them a lot of money.

There’s no need to abandon practical savings strategies. However, if you want to ride on the road to riches, then STOP worrying about running out of money and focus on how to make MORE money!

Millionaires share a common strategy. They develop multiple streams of income and adopt smart savings habits.

NEVER buy things you can’t afford. If you live above your means, you will never travel on the road to riches.

Any man who needs to impress people with his stuff is usually a man who is financially struggling. Never buy anything to impress others. This is the number one biggest mistake in America.

Most people believe they should be content with a steady paycheck. This is a LIE and if you believe this, then you’ve been brainwashed.

Average people choose to get paid based on time — on a salary or hourly rate — while rich people choose to get paid based on results and are usually self-employed and are in total control of their income.

Punching a time clock for a paycheck is the slowest path. However, it is advertised the safest way. Great financial thinkers know this is not true. Self-employment is the fastest road to wealth.

Rich people continue starting businesses and building fortunes, while the masses almost guarantee themselves a life of financial mediocrity by staying in a job with a modest salary and yearly pay raises.

You must START investing.

Start making goldmoney your slave. Make money work for YOU!

One of the most effective ways to earn more money over time is investing it, and the earlier you start, the better.

Real wealth isn’t measured by the amount people make each year, but by how they’ve saved and invested over time.

You don’t have to be a genius before YOU start investing. You don’t have to be born in an affluent wealthy family and you don’t have to earn a massive paycheck.

DO NOT pursue someone else’s dreams — and ignore your own. If you want to be successful, you have to love what you do — that means determining and pursuing your own passions. You must know what you want in your life and the value you are willing to give to get it. 

Too many people make the mistake of chasing someone else’s dream — such as their parents or working for someone else who is pursuing their dreams.

When you pursue someone else’s dreams or goals, then you are actually helping them become wealthy – not you.  You may eventually become unhappy with your chosen profession. You will probably make a living or struggle financially and you simply won’t have the passion that is necessary for success to happen.

You MUST do things that are NOT comfortable for you if you plan to ride on the road to riches. If you want to build wealth, be successful, or get ahead in life, you’ll need to prepare for uncertainty or discomfort.

Believe it or not, rich people, in particular, find comfort in uncertainty because they are used to it.

World-class thinkers and millionaires learn early on that becoming a millionaire are not easy and the NEED for comfort too soon can be devastating to your financial wealth goals.

They learn to be comfortable no matter what. If you need to experience temporary discomfort for a chance to be wealthy then do it. They learn to be comfortable while operating in a state of ongoing uncertainty. You must roll with the punches and never settle for a life of mediocrity.

Rich people who travel on the road for riches discovered that overcoming fear and taking calculated risks are the key ingredients to achieving success.

Do you have goals for your MONEY?

millionaire-lifestyles1If you want to hop on the road to riches, the road will be easier — and more enjoyable — if you have a clear, specific goal in place before forming your plan for success.

Write down what you plan to do with the money you earn. How will you spend it? Do you want to buy a house? Travel once a month? Do you want to enjoy a peaceful retirement? Is your goal to take care of those you love and help them to succeed?

Rich people choose to attain wealth. Rarely does it just happen by pure accident. It takes focus, courage, knowledge, and a lot of effort — but it’s possible if you have precise goals and a clear vision.  Nearly every self-made millionaire had a mentor.

Experts say the #1 REASON most people do not get wealthy is because they do not know what they want. Rich people are totally clear that they want wealth because money creates more comfort, better quality, more peace of mind and helps others.

You must always PAY yourself first. Your bill collectors come last. This is another rule for getting rich.

Most people pay everyone else first and seldom pay themselves. They pay the landlord, the credit card company, the telephone company, the government, and on and on and seldom pay themselves.

You must pay yourself first. Let’s say 10% of your earnings is YOUR personal payment.  This is your savings. (This money is not to be spent on bills.) Then you use another 10% of your earning for investing – by making your money work for you.  Get an investment plan.

Another 10% should go to help others (charities or those in need).  You should also build an emergency fund of ($1K to $5K). The more money in your emergency fund the more peace of mind you’ll have. Emergency funds are for survival needs. (Car repairs, loss of income, house burns down, appliance repairs, house repairs, etc.)

You should learn to live on 70% of your earnings. This money goes to pay your bills, essentials, taxes and general living expenses.  If you earn $100K, then you live on $70K.  This will put you on the road to riches.

You must live within your means.  If you spend everything you earn, then you’re NOT on the road to riches – you’re in fact on the road to mediocrity and possible financial disaster.

Stop believing that getting rich is out of your reach.

The average person believes being rich is a privilege awarded only to lucky people or those who inherit money from very wealthy families. You’re lucky to live in a capitalist country and you have every right to be rich if you’re willing to create VALUE for others.

You have no more excuses. This is a brief, elementary and very valuable blueprint. You can hop on the road to riches if you follow these simple suggestions. They truly are the basics of getting wealthy.

Most millionaires had mentors that helped to guide them in almost everything you did in the business world.  Do not be foolish to think you should know everything. It’s impossible.  Get a mentor to help guide you. A mentor will add a lot of peace of mind and you’ll be certain to stay on your road to riches.  Find a mentor here.

Andrew Carnegie Quotes

Andrew Carnegie Quotes:  Discover How to Find a Mentor.

andrew-carnegieAndrew Carnegie was a Scottish-American industrialist who led the enormous expansion of the American steel industry. He is often identified as one of the richest people, as well as one of the richest Americans ever as well as a mentor to thousands of young entrepreneurs.  Carnegie has often reminded business people the importance of finding a great mentor.

Carnegie built a leadership role as a philanthropist for the United States and the British Empire. Before he passed away, he gave almost $350 million to charities, foundations, and universities. In today’s economy, that money would have been worth around $78 billion.

Here’s our collection of empowering Andrew Carnegie quotes:

1. “A sunny disposition is worth more than fortune. Young people should know that it can be cultivated; that the mind, like the body can be moved for the shade into sunshine.” – Andrew Carnegie

2. “And the law of competition may be sometimes hard for the individual but it’s best for the race because it ensures the survival of the fittest in every department.” – Andrew Carnegie

3. “Every act you have ever performed since the day you were born was because you wanted something. Aim for the highest and when it’s a question of God’s almighty spirit. Never say I can’t.” – Andrew Carnegie

4. “I did not understand steam machinery but I tried to understand much more complicated mechanism; – man.” – Andrew Carnegie

5. “It is the mind that makes the body rich.” – Andrew Carnegie

6. “No man will make a great leader who wants to do it all himself or get all the credit for doing it.” – Andrew Carnegie

7. “Teamwork is the ability to work together toward a common vision. It is the fuel that allows common people to attain uncommon results.” – Andrew Carnegie

Related: 18 Powerful & Inspirational Will Smith Quotes
8. “The men who have succeeded are men who have chosen one line and stuck to it.” – Andrew Carnegie

9. “There is no class as pitiably wretched as that which possesses money and nothing else.” – Andrew Carnegie

 

10. “You cannot push anyone up a ladder unless he is willing to climb a little.” – Andrew Carnegie

11. “Aim for the highest.” – Andrew Carnegie

12. “As I grow older, I pay less attention to what men say. I just watch what they do.”– Andrew Carnegie

13. “He that cannot reason is a fool. He that will not is a bigot. he that dare not is a slave.” – Andrew Carnegie

14. “I resolved to stop accumulating and begin the infinitely more serious and difficult task of wise distribution.” – Andrew Carnegie

15. “Mr. Morgan buys his partners, I grow my own.” – Andrew Carnegie

16. “No person will make a great business; who wants to do it all himself or get all the credit.” – Andrew Carnegie

17. “The average person puts only 25% of his energy and ability into his work. The world will take off its hat to those who put in more than 50% of their capacity and the world will stand on its head for those few and far between souls who devote 100%” – Andrew Carnegie

18. “The secret of happiness is renunciation.” – Andrew Carnegie

19. “Think of yourself as on the threshold of unparalleled success. A whole, clear, glorious life lies before you. Achieve! Achieve!” – Andrew Carnegie

21. “All achievements, all earned riches have their beginning in an idea.” – Andrew Carnegie

22. “Concentrate your energy, your thoughts and your capital.” – Andrew Carnegie

23. “I began to learn what poverty meant. It was burnt in my heart then that my father had to beg for work and there came the resolve that I would cure that when I got to be a man.” – Andrew Carnegie

24. “I shall argue that strong men conversely know when to compromise and that all principles can be compromised to serve a greater purpose.” – Andrew Carnegie

25. “My motto is concentration. First honesty; then industry and then concentration.”– Andrew Carnegie

26. “People who are unable to motivate themselves must be content with mediocrity, no matter how impressive their other talents.” – Andrew Carnegie

27. “The first man gets the oyster, the second gets the shell.” – Andrew Carnegie

28. “The secret of success lies not in doing your own work but in recognizing the best person to do it.” – Andrew Carnegie

29. “Watch the costs and the profits will take care of themselves.” – Andrew Carnegie

30. “All honor’s wounds are self-inflicted.” – Andrew Carnegie

31. “Do your duty and a little more and the future will take care of itself.” – Andrew Carnegie

32. “I believe that the true road to per-eminent success in any line is to make yourself master of that line.” – Andrew Carnegie

33. “I would as soon leave my son a curse as the almighty dollar.” – Andrew Carnegie

34. “No amount of ability is of the slightest avail without honor.” – Andrew Carnegie

35. “Success can be attained in any branch of labor. There’s always room at the top in every pursuit.” –  Andrew Carnegie

36. “The man who acquires the ability to take full possession of his own mind may take possession of anything else to which he justly entitled.” – Andrew Carnegie

38. “Whatever I engage in, I push inordinately.” – Andrew Carnegie

39. “And here is the prime condition of success, the great secret. Concentrate your energy, thoughts and capital exclusively upon the business in which you are engaged in. Having begun in one line, resolve to fight it out on that line; to lead in it. Adopt every improvement, have the best machinery and know the most about it.” – Andrew Carnegie

40. “Don’t look for approval except for the consciousness of doing your best.” – Andrew Carnegie

41. “I can’t afford to pay them any other way.” – Andrew Carnegie

42. “Immense power is acquired by assuring yourself in your secret reveries that you were born to control affairs.” – Andrew Carnegie

43. “No man becomes rich without himself enriching others.” – Andrew Carnegie

44. “Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of his community.” – Andrew Carnegie

45. “The man who dies rich dies in disgrace.” – Andrew Carnegie

46. “There is little success, where there is little laughter.” – Andrew Carnegie

47. “When I did big things, some large corporations like the Pennsylvania Railroad Company were behind me and responsible party.” – Andrew Carnegie

Discover the advantages of having a Mentor.

 

Finding Mentors

How to Find A Great Mentor – The Right Mentor Can Increase and Speed Up Your Success Rate 10 times!

mentors - amazingbizsecrets.comFinding mentors is essential. Here’s how to find and convince high quality mentors to help guide you to being super successful.  To be a leader, you must be humble and grateful. These are just a couple of the important traits of leadership.  Business owners should be leaders.

Mentorship is absolutely critical to helping you live the life you want. Your mentors—like your friends—have a huge effect on how, who and what you become. The people who mentor you often determine which networks you will need.  Nearly all successful people have had great mentors – without a doubt.

Why do most people fail in business?  The truth is this;  the failures in business usually did not have a quality mentor.  Unfortunately, many business owners have an “ego” that will not allow them to ask for help. So, these people slowly creep into failure.  YOU MUST humble yourself and realize you were not born with the knowledge to succeed.  Very few colleges or Universities will teach you the real secrets of business success. The only people who can usually teach you are the ones who have been there. Mentors know you need Mentors in order to succeed!  Never be ashamed to ask for help.

If you don’t know what you want to achieve, you won’t achieve much, and you’re certainly not going to proactively and purposefully seek out the advisors and mentors that you need to help you get there.  You must know what you want.

The reality is that all super-successful people are just people–and many would enjoy mentoring someone who has the motivation and the desire to succeed but need some guidance and expertise that only a mentor can provide.

Finding a Great Mentor

Finding good mentors can be tough.

First, go to the Internet and search for organizations that have missions that you feel the most passion. See if you can find people working for those organizations who are truly successful and competent. Create a list of prospects that could become your potential mentors.

Once you identify these potential mentors through your Internet search, existing networks, and the networks of people that you know, your mission is to convince at least two of them—just two great, amazing people—that you are worth an investment of their time.

Most adults who are really successful would love to help you. The problem is; mentors usually do not know which people need help the most. Mentors don’t know who is the most motivated to actually achieve something that aligns with their life’s mission.

It takes persistence over several weeks, sometimes months, to get into the network of someone who can really help you with your business.

How to Get Connected to Incredible Mentors

The best way to connect is be referred by someone who is already trusted by the mentor you want to meet. Some people have a varied supply of possible mentors they could refer for you.  Getting an “introduction” is your initial goal – connecting with them through the right person.  You must be humble with the right attitude.

The kind of people you should be seeking as mentors are likely to be people who want to spend their time with others who are serious and proactive. Perseverance and persistence correlate highly with seriousness.

Find someone who can vouch for you, then explain your passion, and pursue your prospective mentor until you connect with him or her – no matter how long it takes. If this is a potential mentor on your list who can help you achieve your dreams, then there’s very little that you should allow to prevent you from being able to meet with them.

How to Get the Attention of Busy People

mentors - amazingbizsecrets.com

If you can’t find a common connection, it’s time to resort to Master Guerrilla tactics.

Here’s one trick to be really effective in getting through to important busy people. Get someone’s attention by sending them a FedEx package.Not a simple letter, but something a bulky that cannot be missed. Busy people pay attention to opening bulky FedEx, UPS, and DHL packages. It’s well worth spending that $10 or $20 to get the attention of someone who otherwise simply wouldn’t give you the time of day.

Can you imagine how many emails, texts, etc. a successful busy person receive in one day? It’s not uncommon for a busy person to receive at least 300 emails a day, which adds up to 10,000 a month. Possible at least 50 texts a day, which adds up to 1,500 a month. They might get three or four letters, or sometimes many more than that, every day via USPS.

Bottom line:  If you really want to get someone’s attention, send them a FedEx package. Spend a few dollars and include something that adds some bulk to the package, something that might be memorable. Include a brief note about who you are and specifically why you think connecting would be valuable. That’s all you need to say. If you have the person’s email address, follow up via email and simply ask them for a time that you can take them to lunch. If you don’t have their email, include yours in the note. Often, you’ll get a reply.

Another tactic you can use to connect to busy people who are in the public eye is to send them @ messages on Twitter. To this day, I’ll get a few hundred emails a day, but I’ll only get five or six people who are @ mentioning me on Twitter. One of the things that is pretty clear about human nature is we all have some form of ego and we like to know when we’re being mentioned—particularly in news sources or social media. Take advantage of that fact to get someone’s attention.

If you can include their @ name in a message on Twitter, they’ll almost certainly see it, if not respond. If you can get them to follow you because their interested in the same topics, often times that @ message will go directly to a push notification on the their smartphone. What better way to get the immediate attention of someone who you’re trying to seek out as a mentor?

Persistence and Consistency is extremely important (Respectfully)

Most people give up after sending one or two emails because they are afraid of being a pest.  Emails often get lost in the crowd. Get in touch again if it really is important for you to connect. Be polite, but be persistent.

Never simply show up at a potential mentor’s house.  This is disrespectful. Don’t hesitate to show up in the lobby of his/her office building and ask if you can give a message or say hello to your prospective mentor.  Be persistent.  A potential mentor will appreciate your determination.

Increase the odds of an introduction.   If a trusted associate sends an email, a text message, a FedEx package, and a tweet; comes recommended to a potential mentor; and shows up respectfully the office and waits to meet them, the potential mentor will definitely make time for lunch and conversation. So pursue the people with whom you wish to be connected.

If you’re not in the same geographic location as your prospective mentors, make an initial connection via a couple short emails or a FedEx package and then say this;  “I’m going to be in your area next week. Could you meet?”

If they say yes to the meeting, you will make sure you are in their area, but you don’t necessarily have to have a flight booked or a trip already planned when you ask. Oftentimes, because your prospective mentor knows you are only in their city for a couple of days, they will agree to a meeting that they might otherwise say no to or postpone. You have to be prepared to actually go if they say yes.

How to Be Prepared when you meet your potential MENTOR.

Once you get the meeting, make sure you are ready and prepared. You need to know in advance what they are passionate about. DO YOUR HOMEWORK ON YOUR POTENTIAL MENTOR. Figure out what they care about and what they’re interested in. Learn about their field. If you spend months trying to get a meeting but no time researching and doing your due diligence on the person you’re going to meet, then you’re missing the boat entirely.

Once your prospective mentor says yes to an informal mentorship, follow up. Send brief emails when you have questions. Go to the same networking events. Frequency and recency are the things that people remember. If you can have repetitive interactions, however brief, every month or two, that person will definitely remember you.

How to Build A Lifelong Relationship with Your New Mentor

When you’ve made the initial connection, be patient and think about the long term. You’re building a lifelong relationship. Develop that relationship over time, and treat it like a valuable investment. If you’ve spent three months getting a twenty-minute meeting with the person, don’t simply try to get one particular piece of information you want and then move on. It’s not a transactional relationship. It’s about how you can both help each other in the decades to come. Ideally, as you grow older and you become more influential in your field, you will be able help that person with their own goals and dreams.

As a successful person gets older, one of the goals of almost every successful person is to ensure their legacy continues—to ensure they can share the information and knowledge that they have gained over the years. They may write a book or create a video, but they might also be very happy to share what they know one-on-one with people they believe will carry it forward. You could be the person who could help them accomplish their last goal in life.

Aspire to Become a Millionaire

Naturally, the more successful people you surround yourself with, the most mentoring you’ll receive.

“Do not keep doing the same things over and over expecting a different result.  Your life will not change for the better.  You must say “enough is enough” and climb up and find a mentor to help guide you!”

As you continue to explore the world, build your networks, clarify your goals, find amazing mentors, you will realize there are many groups of mentors out there working hard to make the world a better place. Someday, you can join them.  Finding a great mentor is tough – but you can do it.