Success can mean a lot of things to many different people.
For entrepreneurs it might be profitability, growth, and more positive things created.
For some it could be overcoming fears or having a great set of friends to hang out with.
For some, it is having the spare time to do what you love best.
Overcoming obstacles, finishing school, inventing a cure, and more could be a great measure of success too.
Defining and measuring success on any level can be as vast as the drops of water it would take to fill the oceans of the whole world.
To make a long story short success is how you measure it as an individual. The definition is up to you. Whether you reached your goals, attained happiness or contentment is completely up to you.
It is personal, and ever changing. Priceless. Noble. Majestic.
For me, it depends on what kind of success we are talking about.
Measuring personal success means to come as close to living up to your potential as possible.
Measuring business success means profit and impact, usually one doesn't go without the other anyway.
What do you measure success, Shawn?
Wishing you success, money, and happiness,
Business Performance Coach & Entrepreneur
How I measure success depends on what I'm measuring.
When I measure the success of a project within one of my companies, for example, I define metrics such as cost, time, return on investment, etc. and goals for each metric and simply track them. Success is meeting or exceeding the goals I've set out as shown by those metrics.
However, when I measure success on a larger scale, i.e. do I think I am successful, it is more about happiness and fulfillment. I think to myself, "If I had all of the money in the world and no responsibilities, what would I want to do with my life and my time?" Most days I can answer that question with, "Almost exactly what I am doing right now," and I consider that success.
From my side, I'd say that success is all about setting a step forward than we are now. It may be the growth that we were longing for, say the business growth and in turn it replicates your ROI as well as your customers.
The use of your service/product(s) gets increased as that you can compete with multiple survivors and can still be in a better position. This would be the expectation from everyone I suppose.
"Success depends or varies accordingly, unless or until you put in your effort to gain a better reputation" :)
One dollar at a time! Great question.
Earl Nightingale said, success is the pursuit (and achievement) of worthy goals.
So it would be different for everyone.
Great question! Success should be always measured differently.
Interesting question. I think what the market sees as a successful person and what that person may think of themselves can be significantly different. The market often sees wealth and power. Yet the individual may see success as working in a profession or industry or environment where they thrive intellectually and an area that are passionate about. Being able to work flexibly in areas that I am passionate about is success for me.
Dear Shawn, I don't know whether you have a dog or not but a dog is supposed to have only 2 mental states... 'Happy' and 'Waiting to be Happy!' A man is a success if he gets up in the morning refreshed and goes to bed at night without headache and in between does what he loves to do... Where's money?
i would offer three areas of measurement, in order of priority;
1. Growth in net income
2. Customer loyalty
3. How much better off the world is because of your innovations
Net income is highest because that wealth that is created enables your ability to accomplish the other two objectives.
I actually wrote a blog post about this a few years ago as I was starting my business and contemplating what success would look like. I created a formula for success based on Gladwell's book, Outliers: The Story of Success.
Gladwell analyzed the lives of extremely successful lawyers, entrepreneurs, sports figures, and others to determine the ingredients of success of those he called "outliers".
Based on the book, I summarized the formula for success as:
Success = Passion + Talent + Hardwork (10,000 hours) + Opportunity (includes when, where, and to whom you were born). If interested, you can read the whole post here:
Since that time it has become a bit simpler to describe, but still difficult to discover. Am I living my authentic purpose?