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21 billionaires share their biggest regret (this one will hold you back the most)




That's why the book The Billion Dollar Secret by Rafael Badziag, caught my eye. Badziag recently shared on CNBC's Make It what he learned from interviews with 21 self-made billionaires (such as Chip Wilson, founder of Lululemon and venture capitalist Tim Draper) about the best regrets they had on their way to making a fortune . Especially a regret really stood out to me as having the most potential to dramatically hold you back from success.

Too much waiting for the right moment.

You know the drill here. The perfect time will never come. Guaranteed.

Billionaire Naveen Jain from his first company, Infospace, said he started in his thirties, "I wish I had done it when I was in my 20s, I would have 20 years more experience to do things." This matters because "You learn much more by doing it yourself than by learning from someone else."

The most common thing I hear from people I coach who desperately want to leave corporate life, but haven't done it yet, is this: "I'm not ready yet" or "Now is not the time."

And When I point out what remains to be done before I leave, there are incremental little things, not massive blocks of preparation that remain to be done. It's sticking.

The right moment does not hold a flashing neon light. It all doesn't lock in place and sends you a notification as one of the restaurant fairs that your table is now ready. You must make a meal of it before you are no longer hungry.

So when is the right moment?

I made a big decision four years ago to leave the corporate world behind to expand my platform to make a difference through spoken and written word (as a professional speaker and author). People constantly ask me how I knew it was exactly the right moment to leave. I did not do that.

But one trick helped me. Often we want to convince ourselves that it is not the right moment because we take so much information, we consider a huge amount of variables to separate if it is the right time to take a grip on something we long to do. So simplify.

Reduce the noise and cook the decision to just one key question or two if it's the right moment. For example, here was the most important question I used when discussing leaving businesses: "Will I have a greater positive impact on people now (and later) if I stay in business or start my entrepreneurial venture?" I kept coming back to the same question over and over again, when internal false objection after objection arose. The answer came consistently the same, which is why I knew that my decision to leave the company was right and that the time was right.

This is what happens when you stop waiting and just start.

Virtually all people I & # 39; I've talked to it in the end got the leap to do something they longed for, no matter what it was, everyone shared the same feeling.

"What was I waiting for?"

It is natural to hesitate. But the problem is that the more we set our sights through the scope, the more shrinking the scope of what we long to do. We are on a chord. We rationalize. We do not realize that we just postpone happiness.

So much of what we do is born of two things, love and fear. And too often the fear is born out of the practical.

All it takes is a comfort of assurance that you've made the right move (which comes quickly if you plan well ̵

1; without occupying), and it immediately makes all the factors holding you back seem overstated and irrelevant.

Learn from those who have gathered a lot so you don't regret it.

The opinions expressed here by the Inc.com columnists are their own, not those of Inc.com.


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