When you are young and successful, people scrutinize your decisions, looking for ways in which they can use the loaded term says Ronn Torossian 5WPR CEO, “youthful mistake.” But, if you are careful, calculated, and wise in your investments, you can deprive the naysayers and critics of this “pleasure.”Sure, you will make mistakes, some big ones probably, but you can minimize both the potential and the fallout from these mistakes by planning for these eventualities, and more importantly, be ably discerning the offers in front of you.
See, when you are successful, everyone will want a piece. They will try to latch on, create a story around you, and, if they can get you caught up in your own press, push you toward a minor error that can be spun into a major mistake. It may sound cynical, but there is a large segment of society that loves to watch successful people crash and burn. Don’t give them that satisfaction.
Take the example of 23-year-old millionaire, Mike Zhang. The online entrepreneur found success, and almost immediately, he was approached by umpteen phone calls from people who wanted to “help him” with his money.
Sounds awesome, right? Yeah, not so much. Zhang explained it this way, “When I have a rainy day, I don’t want to talk to an opportunist.” Zhang wanted relationships, not ambulance chasers who were primarily interested in using him for their benefit. Very smart business.
Zhang passed on the easy - and very attractive – offers from Big Names and went with advisers he believed to be interested in actually helping him, not just themselves. This smart business approach says more about Zhang than his previous business success. He is cautious and wise, capable of making the right decisions in the face of dynamic temptation. This is exactly the sort of mindset and track record that other successful businessprofessionals look for in colleagues and investment partners.
How are you using solid decisions and positive personal PR to establish a strong track record of trustworthiness, wisdom, and the right mindset for success?