⚡ Get All Content for 20% Off ⚡

4 Powers You Can Use to Achieve Success Find your own intrinsically optimal rate of growth along with a plan for consistent improvement to lay a foundation on which you can continue to build a successful enterprise, year after year.

By Jeff Olson

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Patcharin Simalhek | Getty Images

Do you remember the fable from your childhood of the tortoise and the hare competing in a race? By moving slowly but steadily, the tortoise unexpectedly wins the race because the hare, knowing that he's much faster than the tortoise, stops halfway through the race and falls asleep. The point of the fable is, of course, slow and steady wins the race.

Related: 5 Belief Shifts That Will Take You From Stagnating to Soaring

The lesson learned from this fable is one of the most valuable you'll ever learn as an entrepreneur. I believe in the philosophy presented in this fable so much that it has become one of my company's 10 core values: Slow down to go fast. This means that we strive to get the job done right the first time around.

The step-by-step approach

I believe my company, Nerium International, is a great example of steady growth. After launching in the United States in 2011 with the mission to make people better and a corporate staff of 13, the company was built upon one product. Today, Nerium has achieved record-breaking sales, industry accolades and has expanded to international markets. We're just getting started!

If you really think about what I just said, you'll understand I'm not trying to convince you that going slow is better than going fast. Both ways -- slow or fast -- can have detrimental consequences. What's important is that you find your own intrinsically optimal rate of growth. Your rate of growth along with your plan for consistent improvement is what will lay a foundation on which you can continue to build your enterprise, year after year.

Related: Feeding Into Negativity Won't Grow Your Business

The key is consistency along with using these four powerful tools to drive your business home.

1. The power of momentum

Nearly one in four Americans are now part of the gig economy, according to the Pew Research Center, with more and more men and women of all ages seeing the value in exchanging the corporate 9-to-5 grind for earning an income on their own terms. The transformation of the labor market over the past decade have allowed startup companies like Lyft and Uber to expertly tap into the momentum of an increasingly popular digital "platform economy" by offering adults a flexible way to earn an extra income while also providing more convenient services to customers. It's a win-win, and after 5 billion trips, it's no wonder that Uber has remained one of the highest value startup companies in the world, according to Business Insider.

You, too, can use the power of momentum. Utilize the energetic force behind positive thoughts, behaviors and relationships to build momentum so that once you commit to essential activities, there's no turning back. Every step you take is a step forward. All you have to do is find your rhythm. Once set in motion, momentum will keep you going as long as you work on achieving goals and learning from any missteps along the way.

Related: How the Fear of Failure Can Bring You to New Heights -- According to Your Brain

2. The power of completion

Put a stop to all the draining forces in your life by using the power of completion. Incomplete activities -- promises, commitments, agreements -- take away from the energy and exhilaration you gain from accomplishing a goal. Incomplete activities prevent you from closing one door and opening the door to your future, i.e., it holds you back. Use the power of completion to leave, in the past, things you can't change while focusing on improving and prioritizing what you can. Use the power of completion and get things done:

Do more of what matters most. It's unlikely you'll have time to attend every birthday party or watch every series on TV. Successful people understand sacrifice, which is why they don't even start a project, or commit to a date if they know they're not going to follow through. It's a waste of time! Focus your energy on completing the task that will get you closer to accomplishing your dreams.

Cross off one item at a time. Studies reveal people perform better when they write down a list of what they need to accomplish. Interestingly, Professors Baumeister and Masicampo from Wake Forest University showed "while tasks we haven't done distract us, just making a plan to get them done can free us from this anxiety."

Know when to peaceably detach. "Much of the stress that people feel doesn't come from having too much to do. It comes from not finishing what they've started," said David Allen, author of Getting Things Done. I once read that the average person has as many as 25,000 to 50,000 thoughts each day and 70 percent of those thoughts are negative. At some point, you need to let go of mistakes and disappointment. Sit down with your to-do list and decide which items you can let go of.

Related: How to Smash Mental Barriers and Reach the Level of Success You Crave

3. The power of reflection

Instead of obsessing about what you still need to accomplish today, take time to reflect on concrete actions you've already taken that is going to help you move the needle. Regularly reflect on your actions to train your brain to recognize shortcomings, which allows you to start working on self-improvements with your adjusted goals in mind. More importantly, all your self-reflection is going to shine a bright light on all the positive steps you're taking, too.

Here's a great example: Recently, Uber charged the new CEO "with turning the scandal-plagued startup into a traditional company -- without sacrificing what made it successful," according to the New Yorker. In 2017, Business Insider reported that more than 200,000 Uber customers deleted their accounts after the #DeleteUber movement. After several scandals, Uber reflected on its deteriorating self-image and is now taking the necessary steps to improve the brand.

Related: 5 Ways Everyone Can Achieve More by Thinking Like an Entrepreneur

4. The power of celebration

Acknowledge your successes, no matter how insignificant they may seem. It's easy to focus on all the things you're doing wrong but it's equally, if not more, important to recognize what you're doing right. Shift your mindset to acknowledge small victories, and you'll start to feel the balance of scales shifting in your favor because nothing breeds success like more success.

Additionally, there are many ways you can help breed success within your team. In an article for the Harvard Business Review, David Sturt found that data from a 2014 study "suggests a strong correlation between loyalty and acknowledgment." He says, "Among the 512 U.S. employees who say their company has strong recognition practices, 87 percent feel a strong relationship with their direct manager." You see, sometimes, all you need to boost morale is to recognize the hard work others are putting into your business.

The road to success

Mary Kay Ash, the founder of Mary Kay Cosmetics Inc., had the right idea when she said, "Give yourself something to work toward -- constantly." Whether you choose to go slow or fast is up to you. But, know this: Your journey can be a lot more fluid once you realize the power you have in momentum, completion, reflection and celebration.

Jeff Olson

Founder & CEO of Neora

Jeff Olson is the founder and CEO of Neora and is a leader in the direct sales industry. He's also the author of The Slight Edge, which shares the philosophy he used to achieve success as an entrepreneur and CEO. He aims to help others reach financial freedom and personal excellence.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'

Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.

Business News

Costco CFO Reveals Uncertain Fate of $1.50 Hot Dog and Soda Combo

CFO Richard Galanti reveals that the price will stay the same — but only "for a while."

Business News

The Most Unexpectedly Popular Side Hustle of the Decade Has Low Startup Costs and High Markups

A new report shows that vending machines are a popular investment — and the industry is set to grow up to $3 billion by 2031.

Marketing

Ever Wonder Why Certain Websites Rank Higher Than Yours? This SEO Expert Reveals The Secret to Dominating Search Results

It's often the smart use of SEO, now supercharged with AI, particularly in keyword optimization.

Business News

AI Is Impacting Jobs. Here Are the Gigs Affected the Most, According to an Analysis of 5 Million Upwork Postings

The researcher said in the report that freelance jobs were analyzed first because that market will likely see AI's immediate impact.

Leadership

Former Interrogator Shares 5 Behaviors Liars Exhibit and How to Handle Them

Five deceptive behaviors to look for and how to respond to those behaviors when you encounter them.