Key Secret To Success In Business Or Entrepreneurship

Far from weak, self-knowledge is one of the key sources of strength mentioned by almost all successful people.

Self-knowledge allows you to operate smarter and more efficiently. It puts you more in control of your destiny. Here are a few of the top reasons why it makes you more successful.

It draws you toward work that fits your skills and values. Consider Warren Buffett. His unique approach reflects a deep awareness of his values and experience. For example his childhood love of bond research and his dislike for ostentatiousness are a perfect fit for his focus on value creation and long standing Midwestern home.

It helps you build solid expertise. No one is perfect at everything. Expecting yourself to be a generalist often means you are replaceable. When you focus on your strengths, you excel. This creates a virtuous cycle: good work begets more similar opportunities. In this way, you develop your expertise.

It allows you to trust yourself to take risks smarter and avoid dumb ones. Knowing how you will react, whether you tend to be bullish or bearish for example, allows you to devise a plan to neutralize your reaction. This allows you to play out of your comfort zone. On the other side, trusting your “gut” is also key. If something doesn’t feel right, it probably isn’t.

Reacts smarter to close deals. Deals are not just about reading value and other people, they are about managing your responses to the situation. That means getting a handle on your own greed, fear, power hunger, and anger, all of which can throw a deal off. All of these come from a place of fear. A person who knows themselves can diffuse these reactions from within and approach the deal with a clear head.

Comes back stronger after shitting the bed.  Every man worth his salt falls on his face. Otherwise he never played a bit enough game. It’s about how you get back out there. A man who knows himself evaluates what worked and what he could have done better. He takes the learning and uses it to improve his radar, his behavior and reaction so he is wiser next time.

Keeps strong and on his game. Food and environment really matter. Being tough and killing your body unnecessarily is stupid because it’s your biggest resource. Stuffing your face with carbs that make you exhausted, doing a brutal competition or giving up because you “have no willpower,” forcing yourself on a trading floor when you have social phobia– you are setting yourself up to fail. A guy who knows himself makes choices that keep him on his game.

Enjoys more satisfying rewards. A flashy title, home or wife is usually not as rewarding as expected. In fact, they can suck. A guy who knows himself knows what it takes to make him truly satisfied, so that it’s all worth it.