Every time I see someone getting more than I do, I wonder is it because that person put in more effort or took higher risks or was lucky. In mathematical terms :
Returns (Rewards) ~ fn ( effort, risk taken, luck)
Returns are a function of efforts, level of risk taken, right timing. Missing in this equation is the effect of catalysts/dampeners such as money, relationships etc. Catalysts act like multipliers in the function. Therefore one can rewrite the above as :
Returns = fn( effort, risk, luck) * (Catalyst power / Dampener power)
If the above is true, the recipe for success is
- Work hard
- Take calculated risks
- Hope to be lucky (or pray if you believe it helps)
- Identify possible catalysts – ensure their presence and effect
- Identify dampeners – ensure their absence and reduced impact
Which are the catalysts for success?
In business and career,
- Money
- Relationships
- Prior success
- Relative Position / Power
things like that are the catalysts. Therefore rich becoming richer / successful is apparent trend in the world. One cannot ignore the importance of relationship as a major catalyst.
Catalysts take lot of time to build. Which is why instant successes or riches are rare / impossible.
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