Measure Results Over The Long-Term

Success usually takes many failures to achieve. So don’t use immediate tangible results to define success. Consider what you’ve learned and how it will help you succeed in the future.

Don’t define yourself solely by your current circumstances. Consider who you are becoming.

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Career

MORE IDEAS FROM THE ARTICLE

Peter Drucker

“You can’t manage what you can’t measure.”

Social comparison bias explains that our judgments are often influenced by comparisons to other people. A benchmark makes it easier to make a judgment, but it will not necessarily be a reasonable or more accurate judgment.

Don’t measure yourself by what you’ve accomplished, but rather by what you should have accomplished with your abilities. True success is attained only through knowing you did your best to achieve your potential. 

It’s easy to measure financial success. You can see a number in your bank account and compare it to others’ bank accounts.

But many important things for a satisfying life, like mental and physical health, relationships, freedom, and fulfillment are harder to measure. Nevertheless, you should incorporate some qualitative analysis into how you measure success.

Peter Drucker
“There is nothing quite so useless as doing with great efficiency, something that should not be done at all.”
John Wooden

“True success is attained only through the satisfaction of knowing you did everything within the limits of your ability to become the very best that you are capable of being.”

Dynamic inconsistency is a situation where the best plan for the future is not optimal when that future period arrives. We and our environments change and so must our concept of success.

Change how you measure success as you change as a person, else you risk wasting your efforts and even failure.

It’s easy to measure proxies for success. Secondary metrics don’t always translate to business results and care must be taken so they don’t become a proxy for actually knowing and fulfilling your customers’ needs.

Do what helps you achieve success and measure success in terms of the outcomes you’re trying to achieve.

Being able to achieve a success metric is hard, but knowing which metric to achieve is even more important. Discover what you value and choose your own metrics for success, otherwise, your environment will dictate it for you, which could be unfulfilling for you.

Work towards your own idea of success and don’t let “FOMO” make you feel like a failure because you’re not meeting someone else’s metrics for success.

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RELATED IDEAS

Why We Judge Others

There are many ways we choose to measure the value of our own lives, be it money or popularity of family or good deeds.

The way you measure yourself is how you measure others, and how you assume others measure you.

If you measure your life by how much you’ve traveled, then you will measure other people by the same standard. 

How We Judge Others is How We Judge Ourselves

markmanson.net

Measuring happiness

According to psychologists, happiness and life satisfaction do not coincide. Life satisfaction requires individuals to take a step back to assess their lives while happiness mirrors positive and negative emotions that fluctuate.

Focusing on positive and negative emotions can lead to understanding well-being in a pleasure-based way. Happiness may be one of the elements in evaluating well-being but is not the only one.

How do we measure well-being?

theconversation.com

Sales revenue

Month-over-month or year-over-year sales results tell you:

  • How interested people are in purchasing your products 
  • If your marketing efforts are paying off
  • Your performance vs. your competitors’ performance

The 5 Most Important Business Metrics Every Owner Should Track - Cyfe

cyfe.com

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