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How A Healthy Dose Of Narcissism Could Help You Succeed

How A Healthy Dose Of Narcissism Could Help You Succeed

Narcissism is often viewed as a negative attribute, at best it’s a common characteristic shared by the bad guys in movies an television. Jennifer Foster of Wall Street Insanity leads a discussion on the positive impacts narcissism can have on your success:

Narcissism. People use the word all the time… usually in a negative way… without really understanding the meaning of it. This term, generally speaking, is used to describe a person that is self-seeking, self-absorbed, and who largely puts their own well-being as top priority in life. The term has its origin in a Greek mythological story of a man, named Narcissus, who falls in love with himself after looking at his reflection in a pool of water.

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But what does all this have to do with being an entrepreneur and a leader of innovation? Believe it or not, being a narcissist leads to success in business and isn’t as bad of a thing as everyone tries to make it out to be. Why? Largely because starting a business, running a corporation, and working for yourself takes dedication, guts, determination, and truly being in love with your own ideas enough to pursue them heavily. In order to go from an average Joe, who has big plans, to a successful entrepreneur who moves and shakes the world, there has to be some amount of self-service.

Anyone who has ever stepped out of the ordinary and took a flying leap into the extraordinary unknown had to have a reason for doing so. Let’s be honest… no one wakes up on a Tuesday morning, decides to instantaneously throw caution to the wind, and becomes an entrepreneur. No one invests every penny they have, works 80 plus hours a week, and mortgages everything they own just for the hell of it. No, people who do these kinds of things almost always have spent some time, like Narcissus, staring into the pool of life and falling in love with their reflection. They have calculated their own worth and found it to be more valuable than everyone gives them credit for. They have kicked their own ass into gear, become their own cheering squad, and made the decision to show the world what they already know to be true… that they are great.

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But the need for narcissism doesn’t stop here at all. Once you have decided that you can… and will… do something epic, you have to be able to sell it to the world. And who better to do this than someone who loves themselves a little too much? It seems that the best self promoters are those who have narcissist tendencies. They aren’t afraid to talk about what they are doing, demand a fair price for their work, and they don’t usually let rejections spoil their ambition. If ten thousand people say no, they just head back to the pool, rekindle their self-love, and keep looking for the person who will give them the chance they deserve. Arrogant? Maybe. Effective? Absolutely!

But what happens to a narcissistic person who finally achieves what they want? What becomes of them when they have to take on a leadership role that requires them to promote and help others under them? Simply put, their narcissism keeps them productive and always pushing those under and around them towards accomplishment. Narcissistic individuals make wonderful leaders because they know what they want, they don’t take shit from people who attempt to manipulate them, and they closely care for and protect those that contribute to their success. They are generally not moved by circumstances and they keep the morale and confidence high within their camp. People want to follow and devote themselves to a winner and a narcissist always believes themselves to be just that.

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Finally, narcissism keeps a person focused and goal oriented. Once a narcissist has made a decision, there really is very little that will halt their progress. Even traits like compulsion and impatience have a way of propelling a person to the top of the world, simply because they believe that they belong there and are entitled to that place. Narcissists know what they want out of life and they use whatever tools they have at their disposal to make it happen.

In closing, I am reminded of something that I once read about former Apple CEO Steve Jobs. This entrepreneurial genius, it seems, was also a bit of a narcissist. In the book, The Real Genius Of Steve Jobs, he is described as a complicated and exhausting man. One line from the book reads, “He gets stopped for driving a hundred miles an hour, honks angrily at the officer for taking too long to write up the ticket, and then resumes his journey at a hundred miles an hour. He sits in a restaurant and sends his food back three times. He arrives at his hotel suite in New York for press interviews and decides, at 10 P.M., that the piano needs to be repositioned, the strawberries are inadequate, and the flowers are all wrong…” While these behaviors may seem extreme to some, I like what Malcolm Gladwell, staff journalist for the New Yorker, had to say about his personality: “The great accomplishment of Jobs’s life is how effectively he put his idiosyncrasies – his petulance, his narcissism, and his rudeness – in the service of perfection.”

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So, if you have found yourself spending a little too much time looking in the pool because you like what you see so well, don’t be afraid. Let your self-loving, narcissistic ways drive you to the top of the food chain and to success.

Why Narcissism Leads To Success | Wall Street Insanity

Featured photo credit: Enthuan via flickr.com

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Siobhan Harmer

Siobhan is a passionate writer sharing about motivation and happiness tips on Lifehack.

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Last Updated on May 15, 2019

10 Most Successful Entrepreneurs and What We Can Learn from Them

10 Most Successful Entrepreneurs and What We Can Learn from Them

Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

1. Melanie Perkins: Know Your Worth and Keep Trying

    Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.[1]

    She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

    Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.[2]

    2. Bill Gates: Keep Learning and Exploring

      If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

      Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

      He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

      “The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

      Gates’ success is built on self-improvement and the seeds of an idea.

      3. Elon Musk: Never Stop Innovating

        Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

        Elon Musk, however, breaks that rule.

        Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

        When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

        Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

        4. Richard Branson: Develop People First

          British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

          The billionaire is strongly particular about working with a team that shares his core values and aspirations.

          Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

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          A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

          Branson’s supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

          5. Jeff Bezos: A Relentless Focus on Customer Satisfaction

            Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

            For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

            While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

            While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

            6. Mark Zuckerberg: Start Small, Think Big

              Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

              “The biggest risk is not taking any risk.”

              He’s always daring to explore with a fearless mindset.

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              The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

              However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

              7. Steve Jobs: Live Your Own Dreams

                Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

                The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

                Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

                After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life. “No matter how much money you have, even the richest man can’t buy time.”

                8. Warren Buffett: Balance is Essential to Success

                  Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

                  After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

                  With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

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                  9. Jack Ma: Never Give up

                    On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

                    Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

                    His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

                    Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. “It’s important to have patience,” he says.

                    10. Tan Min Liang: Passion Can Pay Off

                      Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

                      Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

                      The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

                      So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

                      Final Thoughts

                      In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

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                      Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

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                      Featured photo credit: Patrick Tomasso via unsplash.com

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