by Riley Kissel
Old Word Wisdom Ensuring New World Success
Upon sitting back and listening to Neil Patel ( @neilpatel )discuss some of his greatest achievements and losses he didn’t skip a beat when asked what his biggest professional failure was. In fact, in Patel’s eyes, failure isn’t quite the correct word. Patel referenced a time when he lost million dollars on a web hosting business in Rockwall Texas. From that loss came something he prizes most in his profession; learning a valuable lesson. This is part of the dogma that has made Patel so successful. It’s not out of a revolutionary idea or approach but it’s his good business sense coupled with old world wisdom that’s allowed him to become a top 100 blogger and consultant for numerous Fortune 500 on SEO, and all before the age of 21.
As the co-founder of KISSmetrics and a founder of Online Poker Lowdown , a poker tip site, Patel has always valued the strength and endurance of wisdom and lessons over the fickleness of ideas. He values each triumph and failure in equal measure and upon loosing those million dollars he states that, “I learned that you don’t invest in ideas. You invest in people. Ideas can change over time, but good people will always stick it out until they can figure out how to make a business succeed.” This is just a part of the tapestry of Patel’s approach and has enabled him to climb to such great heights.
Patel attributes much of his success to the lessons that he learned as a child. In various situations he references bits of wisdom handed down to him from two of his most valued mentors: his parents. It’s been through leaning from mistakes and applying those lessons that has enabled him to be such a success. Patel states that his parents, “didn’t groom me into being a businessman, but instead they just taught me what their parents taught them”. These lessons ranged anywhere from getting the most from your money to using the resources that are available to you instead of buying something you don’t necessarily need. These lessons were basic but their efficacy has been substantial at ensuring Patel’s success in the online world.
One can’t help but notice a strong resemblance in Patel’s approach to the wisdom of Benjamin Franklin.
Where does your approach fit with what has historically built success?
Riley Kissel is a freelance writer who covers many industries with style. You can find out more about him at RileyKissel.com
Thanks, Riley, for simply showing how great thinking has built great success.
–ME “Liz” Strauss
Work with Liz on your business!!