Understanding is Essential to Your Success

As we discuss in the previous blog “Success Needs Details”, it is important that you do research on all topics that matters to your success. Every details you have obtained are materials that would be used in this phase. Before you can use it, you must first understand it. These details must be extremely objective. The only thing you focus on is facts. I hate to say this, but everything we’ve been going through so far are what I’d like to call pre-preparation. It is like “preparing for planning a war.” When striving after understanding, it is important to use the acquired details as materials. We have all the information we need.

Now that we have gathered all the facts we need, we have to figure it out. As an entrepreneur, you must understand how things work. How things work has to be in the details. If it does not, then go back to gathering details, and conduct research on the things missing. Your understanding of the whole details make it possible for you to move on to the next phase in your path to success. Keep in mind that when we discuss understanding, then it is critical that you understand all your materials in a specific way. You have to specifically use the details you have to apprehend things.

One critical point is to make sure that you find what is actually happening in the market. Another thing is to strive after specific details. This is where you’d aim to find out what information are relevant to your product/services, and build an independent understanding of all the details you have! It is where we focus on going through everything we’ve got, and try to get the picture of it. There are a lot of questions you need to ask. When you seek to identify the details, make sure that you’d have tons of questions in your mind.

If you don’t ask the details those questions, it is almost impossible to figure it out. Keep looking for answers in the details, and don’t stop until you are satisfied with the answers, when you strive after comprehending details. It is even possible that you detect necessity of conducting new analysis, before you get answers and analyze the obtained details. Every information you have gathered for the business should be studied, thoroughly and comprehensively. This is the comprehension that focus on finding useful details, and take-in those details in a way that matters to what you want to do. Try to understand that when you try to grasp the details, you must also ask a question – what are the things I need to worry about? The answer should be in the details. Every business worry about things, which is why they’d have risk managements, and research and development departments.

When you go through the “understanding phase”, you should be extremely specific. This is something that PhD holders do very well. They can specifically focus on either a topic, or getting their point across within a period of time/specific amount of words/pages. You don’t need to have PhD to run a business though. But you would have to operate like a PhD, if you want to be successful. It is not about having a PhD certificate. It is about understanding all the details you have acquired through your research.