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Last Updated on July 21, 2021

How Do You Measure Success: 10 New And Better Ways

How Do You Measure Success: 10 New And Better Ways

“Larry is a failure at everything except life.”

That was a memorable line from a somewhat forgettable Ted Danson movie in the 1980s. Pithy, it did encapsulate one eternal truth, namely that life is the goal. Making the most of one’s limited time in this world is the core measure of success.

So how do you measure success?

Money is meaningless until you do something good with it. Fame is fleeting and tertiary at best. But life and how you live it – in business, in family, in everyday interactions – is the true measure of accomplishment.

The Inside and Outside of Success

Life occurs within and outside of you. The two – yourself and everyone else – are interconnected. Their lives, and thus their success, are influenced by you and your success which is influenced by them.

It becomes clear that any measure of “success” cannot be one dimensional. There are many metrics, but if a person looks only at those that directly affect them, then they lack a complete measurement. It is good to succeed in business, but it is important to succeed in life. The two are not mutually exclusive, and in some ways positively reinforcing.

10 New Ways of Measuring Success

For a Successful Business

In business, it is not always the bottom line that defines success. I won’t argue against it – profitability is the first rule of business, because unprofitable companies do not survive. Just beyond that are some success measurements that are nearly as important:

1. Hitting Your Goals

If you call “8 ball in the side pocket” and scratch, then you failed to hit your goal. Knowing and achieving your business goals is important.

But goals in business have many manifestations. Aside from profitability, some business goals include growing your market share, disrupting a market, having very high customer satisfaction rates, reducing product defects, and more, and more, and more.

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However, you cannot achieve your business goals unless you know what they are, communicate those goals to your employees, and measure the results. Many people in business are vague about their goals. They are not clear in making everyone in the company embrace the goals or checking on progress.

None of these success-generating steps is difficult, but success will likely not come without them

2. Growing Your Business

“Growth” is quite personal, even to an executive.

In this, a business is a bit like a child. As the business’s parent, you get a certain satisfaction in raising it, helping past the stumbling toddler years, seeing it blossom into adulthood, and ever expanding its horizons. In the process, you grow the lives and fortunes of your employees, your shareholders, your community and your country.

3. Low Turnover

According to an article in Forbes, the turnover rate is the highest it has been in a decade. My company, Micrel, had the lowest employee turnover rate in our industry, as well as having the highest “boomerang employee rate (people who left the company and decided to come back).[1]

This form of success is a reflection of the corporate culture you created. A bad culture creates a high turnover rate, and a good culture a low one.

4. A Well-Balanced Life

All work and no play make Jack a dull boy, and often a jerk. The reason is that life is not work, only a part of it. A wealthy captain of industry that never takes long and relaxing walks holding the hand of a loving spouse is not a success.[2]

Measuring balance in your life is non-productive. But when you lack balance, it is easy to measure. The shortfall of joy, the failing health, the shattered marriages, the estranged children … these are the heavy weights placed on the wrong said of life’s scale, and they are a clear enough measure.[3]

5. Sharing Your Success with Others

Ebenezer Scrooge, and Jacob Marley before him, horded their wealth. It cost Marley everything.

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“But you were always a good man of business, Jacob,” faltered Scrooge, who now began to apply this to himself.

“Business!” cried the Ghost, wringing its hands again. “Mankind was my business. The common welfare was my business; charity, mercy, forbearance, and benevolence, were, all, my business. The dealings of my trade were but a drop of water in the comprehensive ocean of my business!”

Sharing is perhaps the true measure of all success, be it a wealth of money, time, patience, knowledge, wisdom or good will.

For a Successful Life

Which brings us to the non-business side of the business life. As your business affects your personal life, so too does your personal life affect your business. The two cannot be separated. Some elements that should be on your success scorecard include:

6. Good Health

The enjoyment of life is at best incomplete in poor health. At worst, it is hellish.

Now take poor health outside of your body. How does being sickly affect your company (when you cannot lead fully), your family (their support and their stress over you), your community (when you can no longer serve)?

Good health is a gift unto itself, but also to everyone you touch. Don’t cheat anyone out of your good health. Do what is necessary to keep your machine in good working order as the first imperative toward success.

7. Healthy Family

Family is love and support. Every person’s role is to grow their family, to stay connected, to provide love and support. In that giving to others, you improve their lives while improving yours.

It also lays the groundwork for you receiving love and support when you need it. If you are launching a business and taking the risks that go along with it, you will need that love and support.

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8. Learn to do the Tough Things First

In or out of business, we are all faced with seemingly insurmountable obstacles. But we humans have this funny knack of overcoming them.

Indeed, we do it so routinely that out sight miracles that go against nature – flight, the internet, leaving the planet on rocket ships – has become almost blasé.

None of these things were accomplished instantly. They were the result of many small successes. The ones that happened fastest were where a person or a team looked at all the problems, took on the biggest and toughest first, then conquered it. They did the Tough Things First, which made the rest of the project much simpler and more exciting for everyone.

This applies to daily life as well as business. If you are planning to relocate your spouse, several children, pets and all your worldly belongings across country, the task likely looks overwhelming. But the moment you prioritize the list of tasks, and knock the biggest and ugliest off the list, the rest seems like a cakewalk.

9. Being a Teacher

One of the highest compliments I ever received was from an industry analyst who said that I was a “teacher”.

Yet we all are, or can be, teachers. It may be providing basic life lessons to a child on your knee, instructing an employee in complex processes or technologies, or even teaching by example via living a good life.

For me, one joy has been writing a good book on management and leadership, and another about the intersections of people, society and business. It is by teaching, and in my case writing, that you directly benefit others.

Life can be complex, filled with many topics and problems. By sharing knowledge and wisdom, we lead others past difficulties and on toward their own greater success.

10. Dignity and Honor

My marketing director is a proper Southern Gent, which is easily discernible by a well-honed sense of honor. You don’t have to be a southerner to live a life of dignity and honor, but if you are male you do have to be a gentleman.

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Dignity circles around self-respect and honor involves acting with honesty, fairness, and integrity. The latter leads to the former. Indeed, you cannot have self-respect without practicing the basic virtues of honesty, fairness, and integrity.

Why is this a measure of success? Because we humans are social animals, and society exists only because of trust.

Honesty, fairness, and integrity are the cornerstones of trust, and thus the foundation of society. A person is truly successful when they add to society.

Final Thoughts

All this brings us back to the dictionary definition of “success”, which is:

“the favorable or prosperous termination of attempts or endeavors.”

You may or may not be a businessperson, but you are always a person. Your endeavors are both in and out of the office. Since each sphere affects the other, the true measure of success lies in how you managed your affairs in all facets of existence, for they cannot be viewed in isolation.

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Featured photo credit: rawpixel via unsplash.com

Reference

More by this author

Ray Zinn

Ray Zinn is an inventor, entrepreneur, investor, angel, bestselling author and the longest serving CEO of a publicly traded company in Silicon Valley.

How Do You Measure Success: 10 New And Better Ways Become a Better Manager: 20 Leadership Examples to Inspire Your Team The Secret of Success: 10 Tough Things to Do First 18 Ways to Have Effective Communication in the Workplace 4 Effective Ways to Motivate Employees During the Busy Holiday Season

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Last Updated on July 21, 2021

17 Traits That Make a Successful Person Stand out from the Crowd

17 Traits That Make a Successful Person Stand out from the Crowd

If you are like most people, you probably have big goals and dreams that you would like to succeed in — you want to be the top in your career, live a healthy lifestyle, or flourish in your relationships.

Everyone dreams of a positive future, but most people don’t realize the secret to a truly successful life:

You determine your future in the way you spend your everyday moments. If you want to be a successful person, you must consistently develop good daily habits. As Aristotle pointed out:

“We are what we repeatedly do. Excellence, then, is not an act, but a habit”.

Building positive daily habits is a huge challenge, but can you imagine the amazing things you could accomplish with just a little commitment and determination?

Creating lasting, healthy habits is the real key difference between people who are successful in life and those who are unsuccessful.

You might be wondering which specific habits make the biggest difference. Not to worry, I’ve compiled a comparison list to help you get a jump start on a successful future.

1. Successful people embrace change. Unsuccessful people fear change.

Change is a constant for all of humanity, and it is important that you develop a positive relationship with it.

When unexpected or unwelcome changes arise, ask yourself how you can embrace it instead of running away. A few practical ways to reverse a change-fearing mindset include:

  • Take a moment to recognize and address any fears associated with the upcoming change.
  • Communicate with a person you trust about your negative feelings toward change.
  • Practice positive thinking, which you can read about in the next section.

2. Successful people exude joy. Unsuccessful people think, say and do negative things.

A joyful, positive disposition can seem like a distant reality in today’s cynical world, but it may be easier to achieve than you think. All you have to do is notice the good things around you and practice being thankful.

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Mindfulness and gratitude are not just buzz words – choosing a positive attitude can honestly change your life. Many studies have found that thankfulness leads to greater happiness. Furthermore, research indicates that gratitude may even have a lasting positive impact on the brain and overall mental health.[1]

3. Successful people forgive others. Unsuccessful people hold grudges.

As a human being, you have likely been offended or hurt by others plenty of times. Don’t give in to the temptation to hold a grudge. Let it go.

Note that forgiving someone does not equate to giving up your boundaries (which are very important) or even admitting that the offending party is right. You should choose to let go for your own peace of mind.

4. Successful people track progress. Unsuccessful people just criticize.

Some kinds of criticism, such as constructive criticism, are good for personal and professional development. The kind of criticism I’m talking about is the pessimistic, nagging, unhelpful variety. This is the kind of criticism in play when you are unfairly harsh to yourself or others.

Toss unfounded criticisms aside and consider tracking your “wins” or your progresses, no matter how small. Take mental notes or keep a progress journal.

If you have a solid sense of what you have achieved, you will be less tempted to be hard on yourself.

5. Successful people share information, data and ideas. Unsuccessful people hoard.

If you have useful information or generate brilliant ideas on the regular, your first instinct may be to keep it all to yourself for personal gain and solo recognition.

Instead of hoarding bright ideas, share them with your team. Your talents will be on display for the team, and the team will be able to support you and make your ideas a reality.

6. Successful people are humble. Unsuccessful people talk more than they listen.

Humility is key. The ability to listen to other people, really listen and understand, is essential to success in both work and relationships — and to listen you have to be humble.

Everyone has experienced the frustration of being in a one-sided conversation. When someone approaches you with a question or concern, put your own world aside for just a moment and give them the kindness of your full attention.

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7. Successful people take risks. Unsuccessful people take the easy way out.

The next time your heart is racing and you want to walk away, consider embracing the risk. You never know what might happen if you take a chance.

Embracing risks looks like accepting the speaking engagement even though it seems a little scary. Success takes the courageous route, not the easy route.

8. Successful people learn, improve and read every day. Unsuccessful people stop learning.

Instead of binge-watching a show tonight, save an hour before bed to read a book and expand your mind.

Unsuccessful people are afraid to be flexible – they don’t challenge themselves to learn new things. Avoid this pitfall by exposing yourself to new thoughts and ideas every day.

9. Successful people handle problems well. Unsuccessful people act before they think.

The next time you run into a problem or even an emergency, try to work through your initial panic reaction with a few deep breaths.

Instead of acting rashly, think through your next actions as quickly but as logically as you can.

Learning to handle problems thoughtfully is an absolutely essential tool in the successful person’s toolbox (that’s you!).

10. Successful people accept responsibility for their failures. Unsuccessful people blame others.

Along with a previous tip about humility, this is one of the hardest things you’ll ever learn to do – but also the most rewarding. When you’ve failed, you must fight the urge to pass the blame. Successful people are able to fail honestly and gracefully.

And, hey, don’t feel bad about failing. Some of the most successful people in the world have failed too many times to count. It’s all a part of the process.

You can check out this article for more tips on how to fail well:

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How Failure Helps You To Succeed and Grow

11. Successful people work with passion and commitment. Unsuccessful people have a sense of entitlement.

A short and sweet lesson for you:

You should never expect to achieve the things you want without working hard.

Follow your passion and stay committed to pursuing it. Work hard and stick to your habits every day. You’ll earn your reward.

12. Successful people spend time with the right people. Unsuccessful people think they already know it all.

A lot of people miss out on useful relationships and information sharing because they think they can do it all alone.

Spend time with people who inspire you, spur you to be a better person, and remind you that you can’t go it alone.

13. Successful people make to-do lists and maintain proper life balance. Unsuccessful people waste their time.

Ah, time management. Unsuccessful people never master the art of organization and planning.

Here are a few tips for you when it comes to time management:

  • Make to-do lists. Seriously, this will help you. Make time to do it every morning, evening, or whenever you are able.
  • Keep track of your time. Are you happy with the way you are currently balancing things? What changes can you make?
  • Keep a calendar full of your long-term goals (see next tip).

14. Successful people write down goals and think long term about their burning desires. Unsuccessful people get distracted every day.

Why is it so important to keep a long-term goal calendar? Here’s the deal:

The things you are passionate about today need a backbone.

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Give your passionate ideas sustainability by writing down goals and staying on task instead of succumbing to distraction.

15. Successful people compliment others. Unsuccessful people try to bring others down to their level.

There is no greater confidence than saying “no” to sudden jealous or envious feelings and choosing to sincerely admire someone’s talents instead.

Unsuccessful people live in a world driven by competition, but successful people know that building people up is far more rewarding than bringing them down.

16. Successful people want others to succeed. Unsuccessful people secretly hope they fail.

In the same vein as the point above, this tip is all about good intentions.

Care for the people around you. Encourage them toward their successes. Hoping that others fail will not help you at all.

17. Successful people know their purpose and mission. Unsuccessful people don’t know what they want to be.

The last thing that differentiates successful people from unsuccessful people is one of the most important:

Keep your mission in mind.

Don’t be swayed to and fro by passing emotions and events. Know who you are and pursue your dreams wholeheartedly.

Final thoughts

Above all, stay confident. Truly believe that you can be and are successful. Strive to prove it in your day-to-day habits and activities!

What are you waiting for? Choose one of the habits above and get started today.

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Featured photo credit: Unsplash via unsplash.com

Reference

[1] Berkeley University of California: How Gratitude Changes You and Your Brain

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