As we begin this new year of 2020, it’s a great time to reflect on our past successes and failures. What worked last year? What didn’t work? What do you want to do more of? What might you want to let go of doing?
As you make your plans for the next 12 months, we encourage you to get clear on what you are passionate about making happen.
The following story is a good example of the importance of the Success Factor Mindset of Passion.
You’ve likely heard of the company called Instacart, a business that revolutionized grocery shopping and is now valued at over $8 Billion. The founder, Apoorva Mehta, is passionate about this business. He created the business to solve a problem he was having finding the time to grocery shop. As he grew the business from just a few stores to service in all 50 states, passion fueled his tireless efforts.
However, things weren’t always this way for Apoorva. Prior to founding Instacart, he had poured his time and talent (plus significant sums of money from investors) into another startup venture. This business was entirely different than Instacart. It wasn’t about solving a problem that Apoorva had or anything he cared about, it was simply an idea that he thought would be profitable – a social network for attorneys.
When that business went belly up, Apoorva was confused. He had done all the ‘right’ things – he had the right people on board, he conducted careful planning—he had the investors. In other words, he took all the actions he needed to take to make that company a go – and yet the company still failed.
That unexpected result caused him to take time off and reassess. A postmortem revealed the answer. There was a missing ingredient – Passion. He admitted to himself that he had begun the business without any personal interest in it, he didn’t care about networking attorneys. The lesson was clear to him that without passion, success is elusive.
With Instacart, the Success Factor Mindset of Passion gave him the fuel to realize his dreams.
Passion is not just critical for entrepreneurs. It is important for teams and leaders in organizations. Quite possibly, passion may be more important in impacting worker productivity than engagement. In fact, a recent study by Deloitte suggests that the focus on employee engagement may be missing the mark – it is cultivating worker passion that is key to developing leaders and teams. Additionally, Harvard Business Review states that the focus on employee engagement doesn’t always produce the intended results. Passion therefore is a key to success in organizations.
As you embark on a new year of possibilities, what are you passionate about making happen?