How Successful People Deal With Setbacks - Scott Galloway
Ойын-сауық
Life is sometimes unfair, unreasonable or unjust. But how you handle these situations is one of the things that separates successful people from the unsuccessful, says self-made multimillionaire and serial entrepreneur Scott Galloway.
» Subscribe to CNBC Make It.: cnb.cx/2kxl2rf
“You will know failure.... You will be treat treated unfairly at work. You will get fired. Your businesses will fail,” Galloway tells CNBC Make It. “Before the age of 40, I had businesses go bankrupt, I had a marriage fail and I lost the only person that to that moment I knew loved me - my mother.
“But for me, these were setbacks not barriers,” says Galloway, who sold his company L2, Inc., reportedly for over $130 million.
“It’s easy to hold a grudge, it’s easy to have a difficult time not getting over an injustice,” says Galloway. But “your ability to move on and not hold grudges and not hold anger inside such that it starts to almost burn your veins like acid is a key” to being successful in life, Galloway says.
“Success is a function of your resilience over your failure.”
Be upset - that’s natural, says Galloway, “but then get up, dust your pants off and move on, recognizing that failure is part of the arc of success.” Things like exercise, spirituality or something as simple as talking about what made you angry can help you move on, says Galloway.
Indeed, despite his own setbacks, Galloway has gone on to massive success. Among other things, Galloway has founded multiple companies: L2, a subscription business intelligence firm that he sold in 2017; Red Envelope, an e-commerce firm which he took public and sold in March 2008; and Prophet, a global brand strategy consultancy with more than 250 professionals.
So instead of putting your energy into holding a grudge, focus on achieving what you want in life.
“Some of the best advice I’ve ever received was from an exceptionally successful individual who was the chairman of a large Fortune 500 company,” Galloway says. That person said, ‘Scott, the best revenge is to live an amazing life.’
“So don’t focus on what’s wrong with your life, focus on what you need to get to that point where you have a great life. That is the best revenge against the universe and anyone or any organization that has done you wrong.”
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates: www.cnbc.com/make-it
Find CNBC Make It. on Facebook: cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: bit.ly/InstagramCNBCMakeIt
Find CNBC Make It. on LinkedIn: cnb.cx/2OIdwqJ
#CNBC
#CNBCMakeIt
Self-made millionaire: Getting angry is easy - this is what successful people do instead | CNBC Make It.
Пікірлер: 33
Failure is not mic’ing the guest and having atrocious sound quality
Unpleasant emotions have a useful purpose. Once we understand the useful purpose of anger and guilt we can learn to understand and respond to their messages.
Failure is part of the arc of success. Golden
Needed to hear this, just failed my semester so my graduation is delayed a year, I will get back from this
@shobikhan9613
2 жыл бұрын
Same here ☹️ Can't focus when there is soo much going on .. Nerd Rage , breakup , Jealous realitves ☹️☹️
@InfintelygratefulCC
Жыл бұрын
same happened to me today through no fault of my own, my tutor quit!
@aboolaylaa1984
11 ай бұрын
Update?
Very helpful.. thanks!
thanks I needed this
Needed to hear this today
This was very very helpful. Thanks.
Most people, with access to social media, focus too much on what other people have and what they don't have.
Live from the bathroom. Cmon Scott deserves better sound production!
@tomlever
4 жыл бұрын
😀😆😂🤣
Thanks 😊
I love this! ❤️
This was an inspiring video!!! Thanks a lot!!!!!
Is the sound getting worse?
Needed this as I was just laid off
I like that he mentions the universe
I will take everything into account.
Prof G, the "move on" is the really hard part though.
Just had a corrective action done at work. but im not ruminating. just learned my lesson. time to move on :D
One smart guy.
Success is the best revenge. Frank Sinatra
Got fired/laid off yesterday.. super told me my work wasn’t up to their standards(HVAC)😞
Just had. Parking fine for parking in disable for 1 minute... 600 bucks plus demerits point
Failure is just a goal you didn’t prepare for.
Successful people keep failing until they succeed.
You'll never make it you can't handle a setback or two
Αντιμετωπιση των αποτυχιων
Please stop using the stock photos. They’re annoying. They’re fake.
@empemitheos
4 жыл бұрын
Fake it till you make it.