Shortcut to Prosperity: 10 Entrepreneurial Habits and a Roadmap for an Exceptional Career

Shortcut to Prosperity: 10 Entrepreneurial Habits and a Roadmap for an Exceptional Career

by Mark Hopkins


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Product Details

ISBN-13: 9781608324309
Publisher: Greenleaf Book Group Press
Publication date: 01/01/2013
Pages: 208
Product dimensions: 5.80(w) x 8.30(h) x 1.00(d)

About the Author

Mark Hopkins earned engineering degrees from Cornell and Stanford then spent the next twenty-five years deciphering the factors that make some people prosperous, successful, and happy. In 1996, after building a leadership career with companies like Hewlett Packard and Emerson Electric, Mark founded Peak Industries, a medical device contract manufacturer, which he grew and later sold to Delphi. He then founded Crescendo Capital Partners, a private equity firm, and Catalyst, a private foundation focused on supporting Colorado-based nonprofits and microlending in the developing world.

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Greenleaf Book Group Press

Copyright © 2013 Mark Hopkins
All right reserved.

ISBN: 978-1-60832-430-9

Chapter One

SHORTCUT 1: Power Up!

In 1977 Shannon Patrick Joseph Deegan was a gangly, tough, and athletically talented ten-year-old from Verdun, a working-class borough of Montreal. He played baseball and basketball well, but, as with most Canadian boys, his true passion was hockey. Even by Canadian standards he stood out as a talented center, having already traveled widely in Canada and even to the United States—which explains why he skipped school one winter's day and snuck into the Montreal Canadiens practice at the storied Montreal Forum ice rink.

Ken Dryden was in the prime of his career in 1977, already a hockey legend and playing for a Canadiens team that would win the Stanley Cup four years in a row (1976 through 1979). To this day, the 1977 team is widely considered to be the best hockey team in the history of the game.

So you can imagine the thrill that went through Shannon when Ken Dryden, about to take to the ice for practice, paused to talk to him. The world's best goalie took a long look at this tough young kid and asked him why he wasn't in school. While Shannon stumbled through an answer that he hoped had the best chance of keeping him out of trouble, Ken followed up with another question. He asked if Shannon was a good student, and Shannon told him, honestly, that he was. Naturally, the conversation then turned to hockey. Canada has a highly regimented youth hockey program that limits who plays where. In less than a minute it was clear to Ken that the kid was playing with the best teams that a ten-year-old could be invited to join.

Their two-minute conversation ended with an insight that set Shannon on a path that would change his life. Ken, who had played collegiate hockey at Cornell, told Shannon that, if he was a good hockey player and did well in school, he should pursue a scholarship in the United States. Now, Shannon came from a large Irish family, and neither his parents nor any of his seventeen aunts and uncles had gone to college. So, at the time, Shannon had no idea what a scholarship was. But that didn't change the impact of the moment.

Shannon's parents were in total agreement with Ken's advice and encouraged Shannon to focus on his academics along with his hockey. In 1983, after a lot of work on the ice and in the classroom, he was offered a scholarship to the University of Vermont. After turning eighteen his freshman year, Shannon entered the NHL draft and was selected by the LA Kings. Heeding the advice of Dryden and others who advised him to complete his degree, Shannon stayed in school, earning a bachelor of arts in psychology and political science while playing hockey. His last year in collegiate hockey was by far his best. His physical play, along with nineteen goals and twenty-one assists in twenty-nine games, earned him a two-year contract with the Kings—in fact, it was one of the most lucrative contracts offered to a collegiate player in 1987.

But then things started to get tough. His aggressive playing style and the resulting nagging injuries limited Shannon's play in his first year with the Kings organization. During training in his second year—the first year that Wayne Gretzky joined the club— he sustained another back injury that sent him to Finland to play in the less physical European league.

The injury didn't heal. A specialist eventually told Shannon that he needed surgery and that his hockey career was over, almost before it began.

For a lot of people, a hit like that would be the end of the story. They would give up on their dreams, believing that their one shot at fulfillment, excitement, and happiness was over, wasted. But not Shannon. Through his dogged pursuit of his hockey career, Shannon had developed an intuitive understanding of what it takes to realize prosperity in any endeavor: a self-sustaining cycle of motivation, effort, and achievement that fuels your internal fire, a fire that has to be grown from an initial spark. He didn't see his injury as the end, just the end of one iteration of that cycle. The next iteration was yet to come.

The toughest part of Shannon's journey was deciding early on that the status quo wasn't going to be good enough—and deciding to do something about it.

And that's what the first part of this book, and this chapter in particular, is about—making a start and then sustaining your energy. It is the hardest part of pursuing a personal vision of prosperity. For me, and for most people I know, taking the initiative to embark on any new path is tough. It may be hard, it may be risky, and where we are right now isn't so bad, really. Right? Maybe. But that first step may be the key to an amazing career and a fulfilling life. Most of us are prewired to further the status quo, but how often is the status quo exactly what we want? Rarely, would be my guess. But we cannot see the flaws with the status quo unless we are comparing it to a vision of something different, which requires us to think deeply about what it is that we desire.

Any project or opportunity or goal that you consider tackling is most intimidating the moment before you decide to make a start. The opportunity that you perceive, but have yet to pursue, can make you miserable. It hangs over your head, taunting you. Will you pursue it or won't you? What will happen if you do? What will happen if you don't? This uncertainty increases your stress level. The only way to feel relief is to give up on the opportunity entirely or to do something about it. The amazing thing is that any opportunity you actively decide to pursue, regardless of how big it seems, will become less intimidating the moment that you start to work on it. The whole point of this first shortcut is to convince you to find the inspiration for the first step and just get started. I'll show you how your initiative can become self-sustaining, even effortless, but only you can decide to make a start.

The Prosperity Cycle

Motivation equals success. Guaranteed. It might not mean immediate success. It might not mean success in everything you try. But strong motivation breeds inspired effort, and that will always lead to triumph eventually, even if it wasn't the triumph you were expecting. Most entrepreneurs I know can tell the story of how motivation to add value in a unique way led to a cool opportunity, even if it wasn't the opportunity they were initially hoping for.

Without a steadily burning fire that drives us to do the hard work and make the tough decisions to create the life we want, we won't be inspired to change. Passion, that internal fire, is the source of motivation. Without passion, you don't have much of a shot at prosperity, and this book won't do you any good. When you are living a life of prosperity, that passion is a roaring bonfire.

When you aren't, it's smoldering ashes. Right now, you may not feel very passionate about any one thing in your life. Or you may have been persuaded that the thing you feel most passionate about isn't worth your energy, dampening the flames. You may not think of yourself as somebody who is inherently motivated. Many of us aren't. The Prosperity Cycle can help.

The Prosperity Cycle offers a structured process for achieving prosperity. It creates a perpetual feedback loop between your passions and your actions, propelling you forward down the path of your choice. Passion helps you get the cycle started, but the cycle itself reinforces your passion—powering your imagination and inspiring you to dream bigger and do bigger—"do" being the operative word. The Prosperity Cycle is a self-reinforcing cycle that will set you on your chosen path, keep you moving forward, and provide you with the vast amount of energy that you'll need to get where you want to go.

The most successful people, particularly entrepreneurs, use this cycle to their advantage every day, even if only intuitively. They are inspired by a hardship or a vision to step off the beaten track, where others are consistently telling them what is and is not possible. That first step, though, is prompted by a decision to do something, to embark on a new path toward a different goal. Whether your initial spark comes from being mad as hell or incredibly inspired, it's your ticket to ride. That energy and passion power the self-discipline required to get started and fuel the focused effort required to move forward. Effort always yields progress, even if it doesn't quite turn out the way you had envisioned. A win is fantastic, but a learning moment can sometimes be even more rewarding. Either can lead to increased confidence and self-esteem, which, in turn, motivate you to make the decision to do it again, only bigger.

Each success you rack up builds your capability and gives you the confidence to keep going bigger. More important, it fuels the perseverance referred to in Biz Stone's tongue-in-cheek comment about being an overnight success. There is no more satisfying human experience than applying yourself to a problem, working hard to solve it, and finally knowing that you kicked its ass. Personal achievement is the human equivalent of nuclear fusion, releasing vast amounts of energy to tackle the next challenge in your path.

While this cycle is personal, let me be very clear that there is no way to sustain it without the help of others. Prosperity is not a solitary endeavor. We're talking about success, fulfillment, and happiness, and it's impossible to experience those things when you are alone.

The cycle of deciding to make a positive change followed by actually doing it, and doing it successfully, is habit forming—a healthy form of addiction. It's the addiction of the executive who grows a company at 70 percent a year. It's the addiction of the marathon runner or any high-performance athlete. You probably know someone like this, someone who always seems to be moving forward, who always has a goal in her sights and the plan and enthusiasm for getting there. You wonder where she gets the energy to do it.

It comes from the Prosperity Cycle. The cycle never ends for those who continue to fuel their internal fire, because even if they achieve their goals, life is full of new challenges and opportunities that renew the cycle.

Do Something!

The only prerequisite to experiencing the power generated by the Prosperity Cycle is the decision on your part to actually do something— to decide to invest the effort to take the first step toward what you want. I know you already have a complicated life, with more on your plate than you have time to accomplish, but so does everyone else. This is where you have the opportunity to separate yourself from the crowd and start to look different—like one of those people who are making things happen and making it look easy. But it's not easy, especially the first step, and most of us need a push. That push typically comes from one of two places: a personal hardship that has made you mad as hell and ready to fight, or a personal vision of the future so exciting that you would do anything to make progress toward it.

In the rest of this chapter, I'll look closely at what motivates us to start the Prosperity Cycle, while the rest of the book explores how to keep it going.

The Motivating Power of Hardship

Even at five feet two, Amber Freed is easy to spot in a crowd—she practically bounces down the street (always in a hurry), blonde hair flying and a full-face smile. You see, she has a great life. She's thirty years old and happily married, has a wonderful group of friends, and avidly volunteers her time and money for several charitable organizations. She is also no stranger to hard work, underwriting her lifestyle and philanthropy with a six-figure income earned as an analyst for an investment adviser in Denver. When we met, I couldn't help but be impressed. Amber is the real deal, a model of achievement. I was sure that she must have had a leg up in life and been taught how to be prosperous at an early age. I couldn't have been more wrong.

Born in Wyoming to a mom and dad who both have substance abuse issues, Amber had a life that was anything but easy. As a preschooler she lost everything but the clothes on her back when her dad burned down their trailer for the insurance money. They moved to a poor neighborhood in Montana. The house next door turned out to be inhabited by meth-cooking parents and their kids, who became Amber's playmates. The police shot the father during a raid, and the injured man took shelter on Amber's front porch. The image of the blood-stained concrete that they couldn't wash clean is etched in her mind to this day.

You would think it couldn't get worse than that, but you would be wrong. Her mom and dad's arguments over custody of Amber and her younger twin sisters led to moves from Wyoming to Montana to Texas to Colorado, back to Montana, and finally to Pueblo, Colorado. Along the way, Amber, not yet a teenager, got good at knowing when to hide the kitchen knives and how to make a 911 call that could end an out-of-control, drug-fueled episode without getting her parents sent to jail.

Sadly, the holidays were the worst. Extra time off from work just meant more time for multi-day binges that usually ended in her mom or dad's confinement to a treatment center at best or a suicide attempt at worst. One Thanksgiving, her dad got so angry that he grabbed the turkey from the oven and tossed it out the front door and onto the front yard. That set a precedent. In one-upmanship style, the turkey-in-the-front-yard gambit would be repeated at four more Thanksgiving celebrations.

I've never said, "I'm so sorry" so many times in an interview. But Amber was fine talking about it, wanting to share her story to help other young people, and wanting to explain to me how hardship powered her journey to prosperity.

And here's how it worked. Her family hardship was the source of motivation to begin a journey to a more prosperous life. During her gut-wrenching family experiences, Amber discovered that she had a choice—to be a passive accomplice to the caustic family environment surrounding her or to strike out in pursuit of a better life for herself and her sisters. She knew that breaking the cycle meant going to college but also knew that there would be no family money available to make it happen. No, the only way she would go to college was on a scholarship. "My only way to get out of Pueblo was to be the absolute best," she told me. "No room for failure, because I needed a full ride or I wasn't going anywhere."

Statistically, Amber was likely to follow her parents down the path of least resistance to a similarly self-destructive existence. But she didn't. Instead she focused her energies on being the best student she could be and experienced a reinforcing succession of academic successes that allowed her to build a reputation as an academic force in her small public high school. By her senior year, Amber had received a full scholarship offer to the University of Denver, where she would later earn a bachelor's degree in accounting and an MBA in five years.

Today, Amber looks back on her upbringing as a gift. How else could she have learned to be so resilient and open to change? She looks at the worst downside of challenges she has in her life today and they pale in comparison to what she's already overcome: "What's the worst that can happen to me? Lose my job? If everybody survived and nobody lost a limb, well, let's just laugh about it!" And when she recalls Thanksgiving turkeys on the lawn? "It's kind of hilarious. It's sort of awesome to have the turkey on the front lawn. Who does that?"

Hardship in life is a given. It's unfortunate, but we all face it. We lose jobs, we lose houses, we lose loved ones. We have tough childhoods. We have diseases. We can try to bury our struggles or let them defeat us, or we can use them to motivate us to a more prosperous life.

Daniel Coyle, in his book The Talent Code, calls motivating experiences, some harder than others, primal cues. It's a great descriptor. According to Coyle's research, no one is born with innate talent. Talent is developed through thousands of hours of "deep practice" powered by extreme motivation. But where does this motivation come from?

For our purposes, we can define a primal cue as a hardship that intrudes on a person's life. That hardship can provide a highly motivated response. Coyle's most fundamental—and tragic—example is the number of highly accomplished people who lost a parent at an early age. Members of this unfortunate club include Washington, Jefferson, Lincoln, Gandhi, Newton, Darwin, Michelangelo, Bach, Dostoyevsky, Keats, Twain, and dozens of others. The primal message that all of these high achievers received as a young person was, "You are not safe," translated as, "Holy crap. I'm on my own and I'd better make something happen here or I'm in trouble." Scary, but also highly motivating—a motivation that breeds paragons of personal entrepreneurship.


Excerpted from SHORTCUT TO PROSPERITY by MARK HOPKINS Copyright © 2013 by Mark Hopkins. Excerpted by permission of Greenleaf Book Group Press. All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.
Excerpts are provided by Dial-A-Book Inc. solely for the personal use of visitors to this web site.

Table of Contents

Do Shortcuts Really Exist? 1

Find Your Field of "Play"

Shortcut 1 Power Up! 15

Shortcut 2 Exploit Your Natural Curiosity 35

Shortcut 3 Nosce Te Ipsum-Know Thyself 53

Shortcut 4 Build Creative Tension 71

Develop An Unfair Advantage

Shortcut 5 Learn from the Best People and Organizations 93

Shortcut 6 Earn an "I Can Do Anything" Attitude 117

Shortcut 7 Recognize and Quickly Analyze Opportunities 135

Recruit Allies

Shortcut 8 Genuinely Care About Other People 155

Shortcut 9 Partner Wisely and Broadly 171

Shortcut 10 Find a Mentor, or Three 185

I Believe in You 199

Acknowledgments 203

Resources 205

Index 207

About the Author 216


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Shortcut to Prosperity: 10 Entrepreneurial Habits and a Roadmap for an Exceptional Career 4 out of 5 based on 0 ratings. 1 reviews.
Becca71 More than 1 year ago
well written ~ When I received the book Shortcut to Prosperity I have to say I was a little nervous I know nothing of the business worlds so a how to book about having a successful career kind of spooked me. I shouldn't have been scared as it turns out the author Mark Hopkins made the book quiet easy to follow and to learn from. It is a straight forward look into the inner workings of business and it even tells you how to find and develop your passion. Over all the book was enjoyable and I came away with knowledge I wasn't expecting to learn. I would suggest this book to any young man or woman starting out in their careers as it is a good guide book on how to proceed with whatever it is he/she choose to do in life.