Do you want to improve your life and be successful?

If you want to build a life you’ll be proud of, you need to make a conscious effort to get better.

A good place to start is mastering the most important skills that you need to be successful.

In this post, we’ll discuss 4 of the most important skills you need to be successful.

1). Time management

time management quote

Time management quote

Time is the single most important asset available to mankind —- it’s equally distributed no one has more time than the other. Time is the currency of life. Make every moment count.

Deliberately schedule your daily, weekly, monthly activities. Most times, you don’t need sophisticated tools to do this. You can easily use a pen and a piece of paper/jotter or use Google Keep (this is what I use). Google Keep is a free tool by Google to help you take notes.

Let it be part of your morning routine to write down what you’ll do for the day. I feel more excited and fulfilled when I create a task for the day and complete them. If I don’t complete my task, that will definitely make the first task on my list the next morning.

Elon Musk uses this technique as well:

Elon Musk is known for using time blocking methods to manage his time effectively. Many people call him ‘superhuman’ for his amazing time management skills. He uses time blocking from the moment he wakes up in the morning where he assigns each time block to a certain task that he needs to accomplish on a given day.

Don’t be unrealistic with your daily goals, document what you know is possible, “little drops make an ocean.”

If you can manage your time effectively, you’ll not only be happy with yourself, you’ll get more things done.

Eventually, you’ll feel responsible and you will most likely accomplish your aim or purpose in bits and pieces which will lead to achieving your bigger long term goals.

2). Resource management

“Ability to excel in an activity despite the scarcity of the facility is a defeat of inequity.”

― Vincent Okay Nwachukwu

Resources are scarce. Whether it’s time, money, human resource, etc., you’ve got to be at your best. 

Being successful isn’t easy especially financial success. Staying successful is even more tricky. You need to manage your wealth, riches, investment, etc properly to stay successful.

Acquiring the skill to do help with your management skills is priceless. 

3). Risk management

Risk management helps you to identify and address the risks facing your personal finance and in doing so increase the likelihood of successfully achieving your personal/business objectives. 

Put it on your task list to improve your risk management skill. It’ll help you stay safe and to stay profitable. Attaining success means your wins are way above your losses.

4). Opportunity cost 

In most cases, you’ll get a lot of options to choose from, the opportunity cost is what you sacrifice when you chose one option over the other.

Anytime you make a choice there is a certain value you place on it. 

If you had a good job, earning over $50k a year and you give it up to start your small business, you’ll most likely earn very little from the beginning of your business. 

The money you lost as a result of not staying at your job is your opportunity cost.

Your business might eventually be successful and you’ll make way more than that — that will reduce your opportunity cost, things can also go south and you’ll regret —- that’s a really high opportunity cost.

Analyze opportunities as they come, measure your risks, evaluate its’ value to you and your business. 

What is the opportunity cost? 

Ask yourself this question each time you want to make a new decision. Mastering how to analyze and calculate your opportunity cost is a great skill that could help with your success.

Conclusion

If you want to be successful not just because you are lucky, these skills will help you move fast and break things.

Good luck.


8 Comments

Chisom · May 6, 2020 at 10:14 pm

Time is really free, but precious. A lot of people don’t know this, that’s why they joke with time. Those who value time are making very good use of and are benefiting from it.

The example you gave in opportunity cost is really scary. How can one know when he’s making the right choice when been faced by such?

    Eze Sunday Eze · May 6, 2020 at 10:45 pm

    Yea, you are right. Time is free. Unfortunately, we can’t have more than we are given a day (24 hours).

    The truth is, nothing is certain. Most of the time, you just have to believe in your guts, use common sense, analyze, research, pray, and work super hard and smart.

    Hopefully, it works in your favor.

Rosita · May 6, 2020 at 11:11 pm

Time isn’t the main thing it’s the only thing.
I agree.

Successful people are humans with the right values.

Good one Eze.

    Eze Sunday Eze · May 6, 2020 at 11:24 pm

    I agree with you totally. Thank you for stopping by, Rosita.

Amaka · May 7, 2020 at 8:16 am

This helps a lot

    Eze Sunday Eze · May 7, 2020 at 8:23 am

    Thank you, Amaka. I am glad you found it helpful.

Kachi Chigere · May 7, 2020 at 8:52 pm

Great piece.

    Eze Sunday Eze · May 9, 2020 at 7:44 pm

    Thank you for stopping by, Kachi.

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