Aug 31, 2016
IDIOSYNCRATIC FACTOR : Why Some Succeed and Others Fail?
IDIOSYNCRATIC FACTOR is a powerful factor that differentiates successful people from others. It’s what gives them an edge over average people. It is what differentiate failing businesses from the succeeding ones.
IDIOSYNCRATIC is actually from the word IDIOSYNCRASY and it means peculiarity, eccentricity, quirk, or unconventional behavior. Please, take note of UNCONVENTIONAL BEHAVIOUR.
Businesses that succeed in the face of the economic crisis are very unconventional.
-They don’t follow the majority, they create their own path.
-They follow their own dreams.
–They make their own rules.
–They think outside the box.
IDIOSYNCRATIC FACTOR in life and business embraces two things Risk and Innovation.
Risk is taking bold steps toward the realization of your dreams. It involves damning consequences of failure and rejection. Those who risk nothing will succeed at nothing. Successful people risk their ways to success. Of course, they fail severally, but they keep risking and moving forward. They never allow failure, resistance and rejection to stop them. RISK is one of the IDIOSYNCRATIC FACTOR of business success.
Note: A venture is not regarded as risking when many people will go for it. A risking venture or business is the one that the majority will never venture into. To succeed, you must be willing to do what the majority will never do.
