Richard St. John: "Success is a continuous journey"

Summary

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Q & A

What is the 'success-to-failure-syndrome' mentioned in the script?

The 'success-to-failure-syndrome' refers to the phenomenon where individuals achieve success but then fail because they stop doing the things that made them successful in the first place, such as working hard, improving, and focusing on clients.

Why did the speaker believe they could relax after achieving success?

The speaker believed they could relax after achieving success because they felt they had 'made it' and that they were now in a position to sit back and enjoy the fruits of their labor without needing to continue pushing themselves.

What did the speaker initially do when they felt they no longer needed to improve?

The speaker stopped trying to improve and do good work because they thought they were 'good enough' and believed they had reached a point where further improvement was unnecessary.

How did the speaker's attitude towards work change after achieving success?

The speaker's attitude towards work changed from being proactive and creative to complacent, believing that ideas should come to them magically without effort, which led to creative block.

What distractions did the speaker encounter after achieving financial success?

The speaker got distracted by the money that started pouring in, spending time on the phone with their stockbroker and real estate agent instead of focusing on their clients and projects.

Why did the speaker start doing things they didn't love, such as management?

The speaker started doing things they didn't love because they felt obligated to do so due to their position as the president of the company, despite being the world's worst manager.

How did the speaker's personal life change after achieving success?

The speaker's personal life changed as they became outwardly successful but inwardly depressed, leading to the purchase of a fast car and eventually being put on anti-depressants.

What was the turning point for the speaker that led to the resurgence of their business?

The turning point was when the speaker and their partner had to let all their employees go, which forced the speaker to return to doing the projects they loved and to work harder.

How long did it take for the speaker to regain their success after the downturn?

It took the speaker seven years to regain their success and for the business to grow bigger than ever.

What did the speaker learn about the nature of success from their experience?

The speaker learned that success is not a one-way street but a continuous journey, and to sustain success, one must keep following the eight principles they mentioned.

What was the speaker's realization about the relationship between money and happiness?

The speaker realized that money cannot buy happiness, as evidenced by their experience of being financially successful but still feeling depressed.