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How do you define success?

Old 06-03-2010, 08:32 AM
  #21  
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Originally Posted by wildgeechi View Post
At some point you have to put the right people in place to make good decisions on your behalf, and motivate them by making them stake holders in the company. I now have 2 partners with some ownership in the company and they have done much to lower my stress.

I have no illusions I won't be involved daily (hourly) anytime in the near future, but the mark of a good manager is when things continue to run smoothly if you step away... My role should be business development and strategic direction, not day to day running of the business
I think that is where most businesses fail. If you want to have a successful, thriving business, you have to stay involved.. Pay good people to run it but you have to stay involved or things can spiral out of control or down a road you dont want, Just my 2 cents.... Course what do I know I am a government employee...
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Old 06-03-2010, 08:37 AM
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To me, success is being able to wake up in with a roof over my head, my bills paid on time or early with no debt and enjoy a day on my boat which I paid cash for. I may not be rich, but I know I have a place to sleep that will have heat when I'm cold and a/c when I'm hot. I may not know what my next meal will be because I haven't decided on it yet, but I know there will be a meal of my choice available when I'm ready for it. Of course, having a great family without issues tops it off.
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Old 06-03-2010, 08:40 AM
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Originally Posted by Cracker View Post
I think that is where most businesses fail. If you want to have a successful, thriving business, you have to stay involved.. Pay good people to run it but you have to stay involved or things can spiral out of control or down a road you dont want, Just my 2 cents.... Course what do I know I am a government employee...
I'm not talking about walking away... likewise, most business can't grow because the owners are too busy stuck in the weeds and worrying about micro managing everything rather than thinking about the bigger picture. Executive leadership should be working towards the future, not dealing with putting out todays fires.

I'm not doing bad. THe company turned a substantial profit its first year in business and is on the brink of some very very big growth. And our business is federal contracting
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Old 06-03-2010, 08:55 AM
  #24  
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Originally Posted by yachtjim View Post
I define success as taking the hand you are dealt and making it work for you. Somebody with no education and an abusive past that has has kept a steady job and goes outside of their box to prosper is successful. Maybe they flip cars on the side to make extra money, or renovated a rental property or who knows what. On the flip side I'd say somebody born with a silver spoon that makes 10 times as much as the first guy, but has never done anything great and just flounders among the family business is not successful. I think most of us are somewhere in the middle.
Thats a pretty damn good definition right there. One thing I cant stand- frat boys who went to college for 7 years to get a bachelor degree in business then got a job under daddy floundering around the family business getting a check..
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Old 06-03-2010, 08:55 AM
  #25  
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Originally Posted by runabout View Post
To me, success is being able to wake up in with a roof over my head, my bills paid on time or early with no debt and enjoy a day on my boat which I paid cash for. I may not be rich, but I know I have a place to sleep that will have heat when I'm cold and a/c when I'm hot. I may not know what my next meal will be because I haven't decided on it yet, but I know there will be a meal of my choice available when I'm ready for it. Of course, having a great family without issues tops it off.
Another good one...
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Old 06-03-2010, 08:58 AM
  #26  
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Originally Posted by LI32 View Post
The biggest measure of success or failure doesn't happen until you are too old to change things - for most that is when retirement is near, the kids are grown and you are left to ponder those last few years of life.
If you get to that stage (about age 60), and can look back and are pleased with what you have done and accomplished (minor changes or regrets excluded) then you have been successful - if not, well hopefully the afterlife will be better to you.

If all we are looking at is financial success, if by the time you reach age 55, have your house(s) paid for, kids' college educations paid for, whatever other major purchases you want bought and paid for, a few million in the bank and can retire whenever you damn well please - that would be financial success.
LI32, well said, you are on to something. Success can be measured in two forms, overall life and overall financial. The two are independent of one another though they can certainly inter-mix at times. Retirement age is the only time to contemplate how well we have done as you have pointed out.
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Old 06-03-2010, 03:01 PM
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I have to keep it simple. For me it is not having what I want, but wanting what I have. Being happy is very important to me. I used to be miserable trying to run the world. Now I let God do it and get out of the way. If I do the right thing, tell the truth, and stay out of the way, all is well, no matter what it is.
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Old 06-03-2010, 05:21 PM
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I define success like this....

If you can spend your day posting here while still getting someone else to pay you.... you must be successfull at something.....

Oh and have dogs too......
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Old 06-03-2010, 05:47 PM
  #29  
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Originally Posted by Cracker View Post
It depends what you call successful. If you measure success by the size of your checkbook you will probably never be successful enough. If you have a good family, realtionship with God, enjoy your job and can look yourself in the mirror everyday knowing you have been a good person than you might be very wealthy and not even know it.

Personally I have a job that I enjoy most of the time, I make a difference when I can in the community. I make my bills and have a descent boat, I have my health, I still love my first wife after 19 years..So yep, I am successful, very happy and blessed.


My wife was just telling me of a family she knows that has a 15 year old dying of brain cancer and the end is near for her. I cant even imagine, yes my family and I have been blessed. It always depends on how you look at things.
I couldn't have put it any better Cracker. Some of the financially wealthiest people I know, just don't seem to be very happy. I'll take peace at home with the family, being able to pay the bills, buy an occasional "want" item................. over multiple boats, multiple cars, 7000 sq ft home, all that extra stress. Don't need it, and even if I could afford it, I don't want it. But I am in the marina business, so thank God some people do!!!!

Whats that one song about God and beer.........
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Old 06-03-2010, 06:01 PM
  #30  
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Originally Posted by wildgeechi View Post
At some point you have to put the right people in place to make good decisions on your behalf, and motivate them by making them stake holders in the company. I now have 2 partners with some ownership in the company and they have done much to lower my stress.

I have no illusions I won't be involved daily (hourly) anytime in the near future, but the mark of a good manager is when things continue to run smoothly if you step away... My role should be business development and strategic direction, not day to day running of the business
Some people think that Iacocca was a good leader. He wasn't.
To me, a good manager is someone who can manage himself out of a job. If you read any contemporary books about managing successful companies (like Jim Collins "Good to Great" for example) they often point out that big salary big ego CEO's can often improve a company short term, only to set them up for failure 5 years down the road.
If you can grow a business and turn it into a continuously improving mechanism, the company will do far better than one which requires constant care and feeding.
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Old 06-03-2010, 08:33 PM
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If it helps, to have the love and respect of those that surround you. At least "they" act like they love and respect me!
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Old 06-03-2010, 08:46 PM
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Happiest people I know don't have much...good kids, family etc...Success doesnt have nothing to do with money,business or traveling...thats work ethic
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Old 06-04-2010, 04:14 AM
  #33  
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Success Does Not Equal Happiness, in my opinion.

I suppose the fact that my company is well respected with a good reputation beyond the geographic boundaries of our travels, as well our revenue generating capabilities would suggest a level of success.

As you can see from the responses here, success and happiness is not synonymous. The best responses so far are from people that measured their success by their own contentedness (happiness) but young people need to seriously make this distinction when trying to define their career.
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Old 06-04-2010, 04:37 AM
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Success is being able to purchase really expensive cigars and smoking them. Nothing in the world says "I have arrived" when you take a $30.00 cigar and turn it to ash. Or if you want a good definition read Scarab Chris. Or here is a thought. You have raised your children they have gone through college and have advanced degree's. You and your wife somehow have stayed married for X amount of years. You look forward to living out your life with the people you love.
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Old 06-04-2010, 04:55 AM
  #35  
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IMHO....

I could stoop to financial or materialistic issues, but for me success is being loved and respected by the ones that matter the most.....and NOT being dragged through devoice court.
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Old 06-04-2010, 07:31 AM
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Yesterday I was at a customer's new home to survey a location for a safe. This is a man in his late 60's or early 70's that will live in this home with this wife. When I drove up I could hardly believe my eyes. The place is palacial. The area with the kitchen (one of them), sitting area, den, fireplace, you know, the hanging out area, is 3400 sq. ft.! That doesn't include the two offices, sewing room, work out room, theater room, bar, second bar, wine room, etc.. The place is HUGE! It is filled with finery everywhere.
I say this to show how differently people define success. He has a company that has been doing well for many years. I know he can afford whatever he wants. I, on the other hand, would not want to live in a house like that. I'm glad he can get the house he wants. It's just way too much work for me to try to keep it up. I wouldn't be "happy" with all that work.
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Old 06-04-2010, 08:09 AM
  #37  
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If you have a top end boat with max HP, max speed and max deadrise you are a success. Otherwise you are deficient and have a major character flaw, or at least that is my take after reading posts on this site for the past few years.
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Old 06-04-2010, 08:13 AM
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To the OP- It's how many people come to your funeral!
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