Prosperity in 5 Years - It's not Possible, It's Proven!

Today I'm writing about one of my passions: Formula 1. It's a sport (yes, I call it a sport) that I am shamelessly addicted to. I love it for all its complexity, technology, competition, politics, challenge and performance.

The team that I admire the most is Red Bull Racing...

In just 5 short years, the team has risen from also-ran status in the midfield to being the most successful team of the 2010 season. And I believe it will be a formidable force for some time to come.

Red Bull has achieved it's success by hiring good people, building a strong team focused on a long term vision of winning the world championship.

When Red Bull bought the struggling Jaguar Racing team from Ford at the end of 2004, cynics criticized it for buying an F1 team purely to increase the exposure of its brand, with no intent on taking the sport seriously.

The critics have been proven wrong as the team is the most innovative of 2010, has 2 of the fastest drivers, and systematically built a team of the most talented minds in the sport.

This is in stark contrast to the disappointing fiasco that was Jaguar Racing - a brand with much prestige and heritage in motorsports.

Ford, then owners of Jaguar came into Formula 1 by purchasing the rising Stewart Grand Prix team and re-branding it Jaguar Racing for the 2000 season.

As you probably know, only in the last 2 years, has Ford changed its corporate philosophy to thinking longer term, concentrating its efforts on its core brands and getting rid of the losers (like Jaguar).

Ford had spent a lot of money entering F1 and wanted its Jaguar team to virtually win races straight away. Jaguar didn't even perform to the same level as its predecessor.

Stewart won a Grand Prix in 1999 - its final year. Jaguar didn't even come close at all.

In the years that Jaguar competed, from 2000 to 2004, its leadership and management changed no less than 4 times!

When Ford's own management couldn't bring results, they brought in successful American racing veteran Bobby Rahal to run the team. When Rahal didn't instantly deliver the results, they hired former F1 champion and Airline founder Niki Lauda. Lauda couldn't make the team victorious, so they ousted him as well.

They also fired many of their highest profile engineers and technical directors for not being able to bring the team to victory.

In 2004, Ford was in a big hole financially and no longer considered its investment in Formula 1 worthwhile. It subsequently sold Jaguar Racing to new owners, Red Bull.

Since then, many other car manufacturers having spent billions upon billions on F1 have left the sport, largely unsuccessful. Toyota never won a race, Honda never won a race, BMW only had 1 victory.

They, and their sloppy spending couldn't compete with the teams who knew what it took to win.

The Jaguar Racing story is both amusing and tragic. Tragic because it's representative of the way many of us think.

Instant gratification is rampant in our modern society and it's killing people's chances building sustainable long term wealth.

People have the same mindset as Ford when they make investments. They will buy stocks in a perfectly good company, and when it doesn't grow instantly, they'll make a knee jerk reaction.

People will expect instant success in this business of network marketing. They'll join a good company. They'll get all excited about the wonderful products, the phenomenal compensation plan and awesome marketing system.

Then after several months when not much has happened, these shiny toys aren't so much fun to play with anymore.

You can achieve prosperity in just 5 short years in this wonderful industry of network marketing. It requires you to focus on a long term vision and transform yourself from within. Build your internal assets - your skills and beliefs. Success is just around the corner.

To Your MLM Success,

Wayne Wu

Looking for success in network marketing? I struggled for 2 years before stumbling upon the right answers. Let me freely share them with you.

Original article: Prosperity in 5 Years - It's not Possible, It's Proven! posted at The Profitable Networker.