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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.
INNOVATION: This is number two. Innovation is the driver of success. While you generate ideas through creativity, they are only marketable through innovation.Innovation is the ability to take creative ideas to the market.
“It’s taking creative ideas to the market. It involves bold steps. Successful people take bold steps to actualize their creative ideas.”
Note: Innovation is only innovative as it involves actions that others have not thoughts to take or which they refuse to take. That presupposes the need to think ahead, plan ahead and move ahead of the majority.
SUCCESS in life or business requires the ability to act IDIOSYNCRATICALLY.
One response to “IDIOSYNCRATIC FACTOR : Why Some Succeed and Others Fail?”
Powerful insight