No matter your industry, high-tech, insurance, automotive, ecommerce or printing, there is always a chance to succeed. I am referring to money. I am referring to making a profit.
Three things are essential to financial success in any endeavor. Number one, passion and mastery in your chosen industry. There are many passions. One of my favorites is cars. I love technology and the evolution of cars over time.
Being a former car dealership owner, I realized quickly that passion for cars is essential, as well as passion for customer service. Customers want the best experience. Money will follow if they are happy. Your people will reward you if they are treated with respect and helped them solve their issues.
I was new to the automotive industry and wanted to learn as much as I could. I spent time in marketing, sales and in service. My time as a service adviser was not enough to make customers realize that I was the proprietor. It was amazing to hear the concerns of customers about their cars and why they came into my shop. Many customers share their stories with us, sometimes happy, sometimes sorrowful. I was touched by them in many ways and realized quickly that the car industry is truly about people.
I also worked as a wholesaler of parts. This allowed me to understand the logistics behind stocking parts and how we transported our inventory. I learned what parts other garages needed. I also learned how inventory works and how to make a profit. Knowing your customers’ problems will help you solve them. That’s what I am referring to when I say that I have passion for the industry.
Certus Trading Reviews is very much like other things. I started trading by following the advice of my grandfather and then looking at all the possibilities. I was taught about commodity futures as well as financial futures. I learned how trade stocks, currencies, options. I understood all of them.
You need to be interested in the industry. You need to be interested in its history and how it has changed over time. Once you have a solid understanding, it is possible to narrow down the things that work for you. Focusing on just one or two asset classes is a good place to start. You’ll eventually expand your focus and return to what you love most.
Although it is a cliché, passion will bring you the money. I know it from personal experience. It works. If you only care about the monetary return, you won’t be successful. Ask any successful entrepreneur. It doesn’t matter who you are, whether you’re Elon Musk or Warren Buffet. It doesn’t really matter who you are, but it is all the same.
Assuming that you are passionate about your industry the second component of your personality must be a passion for success.
When I first started my journey into the car business, I was interested in what other dealerships were doing. I benchmarked the most efficient processes, the most effective sales techniques and customer service. I was familiar with them all.
Once you’re able match up with top players, you can set more ambitious goals to beat them.
The same holds true for trading.
My trading hours can reach 14 hours per day. What would that do for my mental and physical well-being and health? What about my personal relationships? A key part of being successful is learning how to spend less time doing the same thing while still being efficient. I measure success by the average number of trades that I make. I strive to make as few trades as possible to achieve the highest return.
I want to do more with less. I want efficiency so I can enjoy other things, such as volunteering, charity work and playing soccer with my son. To succeed, you need to be passionate. You can see the success stories of the greatest people in the world. Copy it. Turn it into something you own. Don’t try to copy it without thinking about how you can. It’s important to personalize it and make it work for you.
George taught me so many things about trading that I was able eventually to modify it into something more in line with my lifestyle, my personality and my goals.
It is important to not be afraid of failure. Thomas Edison said, “Many of life’s failures are people that didn’t realize how close to success they were when they gave up.”