It's a fact that more than 50 per cent of millionaire entrepreneurs never finished college. Seventy-five per cent of all US presidents were in the bottom of their class and more than 50 per cent of all chief executive officers of Fortune 500 companies had C or C- averages in college.
How did these people rise to the top? It all boils down to passion.
Success and passion are intrinsically linked and at Primeast we always stress the importance of loving what you do. It's what gets you up in the morning, makes you strive for better and get back up when you're knocked down.
When you look at some of the most historically successful entrepreneurs, they all speak of how they followed their passion. For instance, Steve Jobs, founder of Apple, believed that people with passion can change the world and this is what drove him.
The Importance Of Passion
Professionals who are passionate about what they do are much more likely to achieve high scores when it comes to wellbeing (physical and mental health and engagement) and performance.
In 'The role of passion in sustainable psychological wellbeing', Robert J Vallerand explained that while not all passion is good, harmonious passion - autonomous internalisation of the activity into one's identity - can lead to sustained psychological wellbeing while preventing internal conflict.
This means that employees are much more likely to feel fulfilled and purposeful, which in turn leads to high levels of engagement and performance.
Being Passionate In The Right Way
Balanced passion inspires the most productive attention to something that matters to us without neglecting other things that are also important, such as family, friends and our wellbeing. At Primeast we help leaders to take stock of the full spectrum of their values and to support these through appropriate attention that takes account of their evolving context.
Passion And The Power Of Convergence
Not only is it crucial to have the right sort of passion for what you do, it 's also important to have it as part of the correct mix.
You could call this the Sweet Spot of Convergence: when capability, passion and organisational needs meet. However, getting these three things in a row isn't always easy.
When a professional is very good at something and has passion for it, but it isn't required by the organisation, this is classed as a hobby. When someone is good at their job and is working on something that the organisation needs but lacks the passion, then the individual is less likely to be engaged and motivated. And when someone has the passion for something and it's needed by an organisation, but they lack the skills to do it, they are classed as an enthusiast or novice.
In each of these instances the potential for the organisation is not being maximised. To achieve the best outcomes an individual needs to be passionate about something they're good at and that is needed by the company. When this occurs, performance and success are in reach.
It is Possible to Bring Out Passion...
You can't order someone to be passionate. However, leaders can encourage it in their staff. If an engaging purpose is in place that reflects the perspective of all stakeholders, it's more likely that employees will be passionate about achieving it.
In his latest book, 'Designing the purposeful organization', Clive Wilson, director of Primeast, explains how to ensure an organisation is aligned to a compelling purpose. By following the steps laid down in this book, it's possible to build a company that people are passionate about and where they feel able to fully utilise their talents.
To find out more, read PrimeFocus - A Framework for Leadership Alighnment..
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