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Book CEOSU Making your 1st Billion Dollars from 0 cash
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CEOSU MBA
The 10,000-Hour Rule
Dec 23, 2009 Wednesday, 02:31 PM
77th Street's Elim Chew talks about not giving up in order to succeed.
I WAS truly excited when I heard about a new Book titled "Outliers" by Malcolm Gladwell. In this book, he studied on successful people to find out how they arrived where they now are.
One of the important conclusions he made is the principle of the 10,000-Hour rule illustrated in Chapter 2. Although natural talents and gifting are necessary but these are not key factors to success.
Rather, it is about mixing talents with a lot of practice and hard work, repetitively doing the same tasks over and over again until one becomes professional in their skills.
Based on a study done in the early 1990s by the psychologist K. Anders Ericsson and two colleagues at Berlin's elite Academy of music, they found out that the group of school's violinists who eventually became elite performers by the age of twenty had each totaled 10,000 hours of practice.
Ericsson then compared with a group of pianists and the same pattern emerged.
In fact, researchers have concluded that the true expertise requires 10,000 hours for anything. Neurologist Daniel Levitin said that study after study of composers, basketball players, fiction writers, ice skaters, concert pianists, chess players and many other professions revealed the same pattern.
This is interesting as it made it possible for most people to achieve success if they focus on doing what they do best for 10,000 hours.
I love the Principle of it as it exemplifies discipline and hard work to achieve success which means most people have the chance to make it in life. It is about ordinary people putting in that extra hours and working hard to become professional in what they do most.
Having been in the business for 21 years, I would have clocked 10,000 hours for 77th Street. That looks like an enormous amount of time! But is it really "Mission Impossible"? How do we break down the figures?
Simply spend about 4 hours x 5 days x 52 weeks x 10 years and you will achieve it.
It is good to start early so that you can reach 10,000 hours at an early age to truly experience the peak of your career.
Two examples of success quoted in this book are the Beatles, one of the most famous rock bands ever and Bill Gates, one of the world's richest men.
Before the Beatles reached the United States, John Lennon and Paul McCartney had been playing together for seven years. They were once a struggling high school rock band in 1960. At Hamburg, Germany where they were invited to play in a club called Indra, they had to perform eight hours a day, seven days a week.
When interviewed, John Lennon said this, "We got better and got more confidence. We couldn't help it with all the experience playing all night long. We had to try even harder, put our heart and soul into it, to get ourselves over."
All in all, they performed a total of 270 nights with 5 hours or more each night in Hamburg. By 1964 when they had their first burst of success, they already performed live an estimated 1200 times! Most bands today do not perform that many times throughout their entire career.
Again, it is about becoming better and better as you keep on working on the same skills for extraordinary hours.
In 1968, Bill Gates got to do real-time programming as an eighth-grader when his school at Lakeside started a computer club. From that moment forward, he lived in the computer room. Then a group of programmers at the University of Washington formed an outfit called Computer Centre Corporation (or C-Cubed), which leased computer time to local companies.
One of the founders of the firm, Monique Rona had a son at Lakeside and Bill Gates was given the opportunity to test out computer software programs in exchange for free programming time. After school, Gates took the bus to the C-Cubed offices and programmed for many long hours.
By the time Gates dropped out of Harvard after his sophomore year to try his hand at his own software company, he had been programming practically nonstop for consecutive seven years. He had truly been working hard and practiced way beyond 10,000 hours.
This rule well-illustrates Thomas Edison's famous saying: A 'genius' is 1% inspiration and 99% perspiration. Accordingly, a 'genius' is often merely a talented person who has done all of his or her homework.
What Seems Impossible is Now I M Possible. It is all about doing it again and again for 10,000 Hours. But most people give up during 5,000 hours.
Today, success is truly in your commitment. Are you ready for it? It is in your hands!