Buy on Amazon<\/a><\/p>\n\n\n\n
\n\n\n\nFear of Failure<\/h2>\n\n\n\n
Billionaires have a unique quality that makes them different from even millionaires– the often paralyzing fear of failure isn\u2019t something they let stop them. It\u2019s the complete opposite. It\u2019s their fear of failure that pushes them, that drives them, and keeps them going strong in business, even in the face of challenges.
Why is that?<\/p>\n\n\n\n
Well, they never would have made it to their position without being relentless. Their entire day revolves around working hard to avoid falling.<\/p>\n\n\n\n
Billionaire Mark Cuban, the owner of the National Basketball Association’s Dallas Mavericks, co-owner of 2929 Entertainment, chairman of AXS TV, and <\/em>a main \u201cshark\u201d investor on the ABC reality television series Shark Tank wrote in a Bloomberg article that he uses the fear of failure for self-motivation.<\/p>\n\n\n\nHe wrote, <\/p>\n\n\n\n
\n\u201cNo matter what business you\u2019re in, you\u2019re always at risk — particularly in technology, where it changes so rapidly you\u2019ve got to put in the effort to keep up.\u201d
<\/p>\n<\/blockquote>\n\n\n\n
\n\u201cThere\u2019s always the opportunity for some 18-year-old to come out of nowhere and crush you.\u201d <\/p>\n<\/blockquote>\n\n\n\n
That is one key thought that always motivates him.<\/p>\n\n\n\n
\n\u201cEvery one of my companies, whether something I started or something I invested in, is a scoreboard. How am I doing? A lot of investors or advisers play it as a numbers game.\u201d<\/p>\n<\/blockquote>\n\n\n\n
\n\u201cIf they invest in 20 companies, as long as one success covers 19 losses, they did okay.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The next time you\u2019re faced with failure, you can use it as motivation. Ask yourself what you did wrong? Why did you trust that you shouldn\u2019t have trusted? And most importantly, what can you learn from the situation so that you can avoid it next time?<\/p>\n\n\n\n
Being Surrounded by the Right People<\/h2>\n\n\n\n
Humans are the products of their environment, and according to Mark Zuckerberg, billionaires especially need a team that supports them. <\/p>\n\n\n\n
\n\u201cNo one does it alone.\u201d<\/p>\n<\/blockquote>\n\n\n\n
\n\u201cWhen you look at most big things that get done in the world, they’re not done by one person, so you’re going to need to build a team.\u201d<\/p>\n<\/blockquote>\n\n\n\n
The Facebook CEO advises choosing people who complement you, who excel in areas where you\u2019re not as skilled or have less experience. Zuckerberg emphasized that <\/p>\n\n\n\n
\n\u201cYou’re going to need people that have complementary skills. No matter how talented you are, there are just going to be things that you don’t bring to the table.\u201d<\/p>\n<\/blockquote>\n\n\n\n
Being Driven by Freedom<\/h2>\n\n\n\n
Financial freedom, personal freedom, having control over your life– these are all types of freedoms billionaires seek to help them find motivation. Oftentimes, freedom is one of their main drives right from the get to go. Their first venture into business was so that they could have something they have influence and control over and to do what they wanted.<\/p>\n\n\n\n
Take Frank Stronach, the founder of Magna International, one of the largest companies in Canada, recognized on the 2020 Forbes Global 2000, who says, <\/p>\n\n\n\n
\n\u201cif you\u2019re not economically free, you\u2019re not a free person. I wanted to be a free person. So I can say anything I want to say and can do the things I want to do.\u201d<\/p>\n<\/blockquote>\n\n\n\n
Others use freedom to find motivation because they\u2019re not willing to go back to the time money constructed them. Naveen Jain, the co-founder of Moon Express, was born into poverty in rural India. When speaking about what he aspired to be when he was younger, he said, <\/p>\n\n\n\n
\n\u201cI just wanted to get out of poverty and do something useful with my life.\u201d <\/p>\n<\/blockquote>\n\n\n\n
It was actually his mother\u2019s dedication to making sure that [they] escaped the cycle of poverty that motivates him the most, even to this day.<\/p>\n\n\n\n
Wanting to Feel Good About the Future<\/h2>\n\n\n\n
This next way to find motivation comes directly from none other than Elon Musk. When speaking to the National Governors Association, he revealed, <\/p>\n\n\n\n
\n\u201cThe thing that drives me is that I want to be able to think about the future and feel good about that.\u201d<\/p>\n<\/blockquote>\n\n\n\n
He also added, <\/p>\n\n\n\n
\n\u201cWe are doing what we can to have the future be as good as possible, to be inspired by what is likely to happen and to look forward to the next day.\u201d<\/p>\n<\/blockquote>\n\n\n\n
This sort of motivation is what is directly behind what drove him to achieve such success with his two most well-known and influential companies, Tesla and SpaceX.<\/p>\n\n\n\n
Elon Musk\u2019s particular motivation is his goal of reaching Mars and colonizing it.<\/p>\n\n\n\n
\n\u201cThe main reason I am personally accumulating assets is in order to fund this,\u201d <\/p>\n<\/blockquote>\n\n\n\n
he says. <\/p>\n\n\n\n
\n\u201cI really do not have any other motivation for personally accumulating assets except to be able to make the biggest contribution I can to making life multiplanetary.\u201d
<\/p>\n<\/blockquote>\n\n\n\n
\n\u201cThat’s what really drives me \u2014 trying to figure out how to make sure that things are great and going to be so.\u201d<\/p>\n<\/blockquote>\n\n\n\n
They Become Internally Driven<\/h2>\n\n\n\n
When you think of motivation-driven billionaires, there are not a lot of business people as successful as Steve Jobs and his single-minded determination. According to him, what\u2019s kept him going all those years was continually checking in with his reason for carrying on.<\/p>\n\n\n\n
He says, <\/p>\n\n\n\n
\n\u201cI think most people that are able to make a sustained contribution over time \u2014 rather than just a peak \u2014 are very internally driven. You have to be. Because, in the ebb and tide of people’s opinions and of fads, there are going to be times when you are criticized, and criticism’s very difficult. And so when you’re criticized, you learn to pull back a little and listen to your own drummer. And to some extent, that isolates you from the praise, if you eventually get it, too. The praise becomes a little less important to you and the criticism becomes a little less important to you, in the same measure. And you become more internally driven.\u201d<\/p>\n<\/blockquote>\n\n\n\n
Remember WHY They\u2019re Doing This<\/h2>\n\n\n\n
According to Jennifer Frye, the founder and president of Clevel Marketing & events, she stays \u201cmotivated by referring back to old goals\u201d she set before launching her wildly profitable business. When she looks back on her old goals, this allows her to see how much she has accomplished. She adds that this also allows her to realize that everything she\u2019s done and will continue to do for her business is not in vain.<\/p>\n\n\n\n
It\u2019s easy to stray off course of your goal, but billionaires are famously grounded in their goals. You\u2019ll find that highly motivated people always have their \u201cwhy\u201d always on their minds. That\u2019s how they find strength when the going gets tough.<\/p>\n\n\n\n
Follow a Routine<\/h2>\n\n\n\n
And one thing that nearly all billionaires share? It\u2019s that they’re sticklers for routines. From Steve Jobs to Oprah, you can guarantee that they get up in the morning at the same time and follow a routine.<\/p>\n\n\n\n
This is easily one of the most powerful ways that help business people find motivation– kicking off their day right, and that can only happen by having a morning. Think about it. An easy morning makes it a lot easier to stay motivated for the entire day.<\/p>\n\n\n\n
By having their own routines and rituals, they become inspired and keep moving forward with their goals. Of course, these routines greatly differ from person to person.<\/p>\n\n\n\n
For example, Oprah wakes up at seven o\u2019clock each day, brushes her teeth, and takes her dogs out for a walk before taking her morning espresso. She then mediates, goes for a run, and then it\u2019s time for business.<\/p>\n\n\n\n
Elon Musk also wakes up at seven o\u2019clock, but his mornings are much more intense. He tackles his day from the moment he wakes up, replying to his most critical emails. He doesn\u2019t indulge in breakfast. Instead, he drives straight to work where he spends hours deep in discussions.<\/p>\n\n\n\n
Also sharing the same intensity in his motivating routine is Apple CEO Tim Cook, who wakes up every day before 4 a.m. in the morning. He spends the first hour of his day reading user comments about his products before heading into his gym to work out for an hour to keep his \u201cstress at bay.\u201d<\/p>\n\n\n\n
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