In the previous post, entrepreneurship was broadly discussed, and there was a brief mention of the success formula our Managing Director advocates, PVA = EHP. In this post we’ll discuss the success formula in more detail and provide an example of each scenario.
A quick recap from the previous post can be summed in the quote below from Chris Oakley OBE, chairman of web design company Chapter Eight
“An entrepreneur sees an opportunity which others do not fully recognise, to meet an unsatisfied demand or to radically improve the performance of an existing business. They have unquenchable self-belief that this opportunity can be made real through hard work, commitment and the adaptability to learn the lessons of the market along the way.
“They are not diverted or discouraged by scepticism from ‘experts’ or from those from whom they seek backing and support, but willing to weigh all advice and select that which will be helpful. They are prepared not just to work seriously hard but to back their judgment with personal investment at a level which will cause problems if they are wrong about the opportunity. They understand that achievements are the result of teamwork and know how to choose the necessary blend of talents and inspire them with their vision.”
Three qualities aspiring entrepreneurs should have in abundance in support of their idea are: passion, vision and action. When combined, these three qualities produce Exceptional Human Performance. This formula is not limited to entrepreneurs; it can be applied to areas other than business, such as politics and sport.
Passion + Vision + Action = Exceptional Human Performance
To experience success, the three factors of passion, vision and action must all be present.
– Without action you are a dreamer
– Without a vision you are a workaholic
– Without passion you are one of a crowd