I’ve heard many people in the past say to me that they have thought of a mind-blowingly great idea that will make them rich. Some of the ideas have indeed been great, some of them not so much. However, there has not been much of a correlation between the greatness of the idea and how rich they have become. Most of them have not converted that idea into affluence. As Felix Dennis says in his book “Ideas won’t make you rich on their own”. The eventual goal is vastly more important than any idea. It’s how ideas are implemented that counts.
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Bill Gates has been one of the richest men in the world for several years. Elon Musk has founded several large companies including PayPal which was sold for $1.5 billion. Warren Buffett is the most successful investor of the 20th century. What do these and many other successful entrepreneurs have in common? Well, here is a clue.
When he was first starting Microsoft, Bill Gates started his day from four o’clock in the morning, worked more than 16 hours a day, and often stayed in his office all night.
When I was younger I worked with a colleague who was extremely good at what he did. Despite receiving lots of praise for the high standard of work he would consistently produce, it seemed he never quite realised just how talented he was. A position in the company became available which would have been a promotion for my colleague and it was widely expected that he would get the job. In fact, I overheard people talking about future plans within the company as if this person was already in the new role.