Tips from the Best in the Business, David Koch!

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It is often said that great things can be accomplished by great men! Such is the story of David Koch who is a world-famous philanthropist, businessman, Chemical Engineer and also a political activist. He is basically from the land of opportunities, the United Stated of America wherein he climbed up the success ladder by years of hard work, creativity and facing the biggest challenges in his business career. He is worshipped by many young Americans and citizens of other countries as well who are mesmerized by his success story. Hard work and talent go hand in hand and there is no substitute for hard work is the advice from the billionaire businessman to all the youngsters out there who want to make it big. Here is a small excerpt on what the businessman had to say!

Grab the Opportunities You Get Along the Way!

When Koch was working at Sunrise Network as a finance editor, he came across an opportunity to become a host. He was happy for that. It seems that he keeps asking himself: “How on earth did a finance journalist end up hosting Sunrise?”  And he answers that he has always been an opportunist and whatever he is today is all because of the dedication and commitment that he had put in.

Success Has a Strong Pillar Called Self-Belief 

“Always have enough confidence in yourself to give anything a go. But also have enough confidence, if it doesn’t work out, to go and do something else.” That’s the single best bit of advice I’ve ever received, and I’ve tried to follow it to the letter. It came from my father, and I’m trying to pass it down to my children. In essence, it means never be scared of an opportunity. Grab it, give it your best shot, and if it doesn’t work out, then move on to something else. But never be left wondering ‘what if?’

Do Not Follow the Crowd, but Make Your Own Lines! Be Unique!

When I was a young, ambitious 25-year-old journalist, I looked around at all the finance media icons to see what I could learn and how I could be as good. They were all highly skilled with great contacts and much older than I was.

So I looked for what could be the next big thing in finance journalism, something so new and different than the usual rules wouldn’t apply and age wouldn’t matter.

I’d seen the boom in personal finance media in the US while visiting my parents, who were living in San Francisco at the time. So I decided to do the same thing in Australia. I think the key in any career is to look around and find an in-demand specialty where you can develop a unique set of skills that can set you apart from the rest.

Is Your Job Making a Difference Right Now?

The economy and technology have dramatically changed the working landscape. Tens of thousands of positions have been made redundant and some jobs have disappeared altogether — including many jobs in print media, where I started out.

If you’re in a large company, the first step is to look for the right department and job. Ignore the gossip and check with the personnel department to see which divisions are hiring. Internal transfers usually receive preference. Ask department heads about their long-range plans, and scan trade magazines or websites to learn which parts of your industry are expanding.

Optimism Is Your Key to Success!

Every New Year I ask Libby and the kids what goals they’ve set for themselves for the next 12 months. For years they’d laugh at me. As they got older, there were fewer laughs and even a couple of answers.

Life’s so busy these days that we don’t seem to take a deep breath, stop and think about what we want to do as individuals. But if you don’t have some sort of map, how do you know where you want to get to?

Let the Past Be in the Past

I’ve always vowed I’d never depend on radio or television for a living. While they’re great jobs, in some ways they’re horrible industries to be in because they’re so cutthroat and volatile. When you have a single income, a couple of kids and a mortgage, that volatility is unacceptable. So I’ve always worked other jobs on the side because I don’t want to put the family at risk.

That little stash of cash from a second job gives you a fallback position for when things go wrong and flexibility.

Do What You Love and Money Will Follow

There’s no doubt money is important. Being paid what you’re worth is important. But it isn’t the be all and end all.

My top priority has always been to be in a job I love and then be paid appropriately for doing it. I’ve always thought it’s better to be happy to be paid a little below what you’re worth and keep your job than push for every last dollar and run the risk of being let go at the next downturn.

Like most industries, the media runs in cycles.

So many people stress about how much they’re being paid down to the last dollar. I tend to look at the other rewards first and balance them up — enjoyment, colleagues, potential, conditions.

The Perks of Branding

Branding is important for every organization. The same is applicable for your career as well. Do what best you can at work and build up your reputation at workplace. Take up responsibilities in your company even if it is not a part of your daily work. For instance, it could be anything from helping a committee to being a first-aid representative. This can help you develop your personal brand.

Find the Right Guidance at the Right Time

In order accomplish anything in life, it is always important to come in contact with the right kind of people at the right time. For any aspiring youngster who wants to make a big mark in her/his life it is always important to find the right kind of mentor who can guide you through this big world of business. After all, experience combined with passion can bring the best results to the world.

 

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