Tuesday, 23 January 2007

The Formula for Online Business Success


By: Tolani Brendan Mosweu
http://www.prosperitycometh.com/


“I believe that being successful means having a balance of success stories across the many areas of your life. You can't truly be considered successful in your business life if your home life is in shambles.” Zig Ziglar

In mathematics, a formula is a fact, rule, or principle that is expressed in terms of mathematical symbols. In other words a formula is simple a recipe, thus will always give the same results always when followed properly. In this sense therefore the formula for success should always leads to one thing-SUCCESS. However, it is a well known fact that some people like to take some shortcuts and thus a recipe doesn’t normally produce the same results always.

Having said that, there are some principles which will work irrespective of what you think or say and one such principle is gravity. If you jump from a house or any height, according to the principle of gravity you will go down. Your initially direction might be up but soon you will be headed downwards. This is a simple and yet powerful principle that will treat you in the same way as anyone else.

Similarly there are some principles of success (Success is the maximum utilization of the ability that you have.) that will always produce the same result when adhered to. While doing my research I found the following statement which is very true when it comes to success in business.

The formula for success = your human capital (what you know) times your social capital (who you know) times your reputation (who trusts you).

This formula can be summarized as follows:

BUSINESS SUCCESS = APPLIED KNOWLEDGE * RELATIONSHIP*TRUST

The following quote explains the formula in a nutshell

“You can have everything in life that you want if you will just help enough other people get what they want.” Zig Ziglar

Lets breakdown the formula into manageable chunks...

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