“Whether you think you Can or Can’t, you’re right!”

This famous quote from Henry Ford is often misinterpreted, with some people believing that if you do not have self-belief this will keep you from achieving your dreams. Let’s face it; if your dream is to turn brass into gold, then you don’t want to spend the rest of your life in the garden shed trying to achieve this goal, especially when all the scientific evidence tells you that your efforts will be in vain.

A plan of action is needed if one is to be successful
A plan of action is needed if one is to be successful

Henry Ford had a different meaning in mind when he uttered this phrase.

For example if you think you have the ability to run a sub 4 minute mile, either you Can or you Can’t. There are only two possible outcomes, so Mr. Ford is advising you to think carefully before you give your answer, because if you keep making the wrong calls in life it could have a profound impact on your ability to succeed.

Let’s work an example of what this all really means; let’s say that you think that you have what it takes to be the next president of Coca-Cola. Great ambition but unfortunately, your CV shows that your background is in graphic design and that you have worked from a home office for the past 10 years. Most likely the next president of Coca Cola will have senior experience of managing a large corporation listed on the stock exchange, so realistically your chances of becoming the next Coca-Cola president are slim.

However, you may be a great graphic designer and have some great creative ideas which would be of interest to Coca-Cola. So in making your call, you should be saying “I would like to be president of Coca Cola, but I think that I Can’t achieve this position, but I think I Can become an important supplier of graphic designs to this organisation”. By making the right calls you are adding to your own credibility, so other people are more likely to take you seriously and believe what you are saying.

Our passion is in showing people how to understand Finance, because Finance is a critical part of both business and everyday life, from the cradle to the grave. If you understand this subject it Can have a profound impact on your ability to succeed within business. For example it Can help you identify inefficiencies within the business, which Can only be good for your career progression. In addition it Can help you make better long term personal investments, because you will know how the numbers stack up and not be totally reliant on an advisor who just wants the sales commission.

See how you get on with the following five questions:

Ablata - Can or Can't

If you answered “Can” to all of these then you are on the right track. However, if there is just one “Can’t”, you need to take action to correct it.

At Ablata.com, we have created a dynamic portfolio of solutions that will move you from Can’t to Can at minimal cost. Take charge of your future with Ablata.com.

Eugene Daly is the Director of Executive Financial Training at Ablata.com


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