The entrepreneur able to take business risks, experience failure, accept losses, and incur the criticism of others without insomnia, ulcers or remorse has overcome his fears of failure and humilation and acquired immense power. I'm currently working on a new book all about power, and one of my early ideas is that the the most powerful people are powerful because they have long ago shed any concern over what others think about them.
I watched the CEO of Archer-Daniels-Midland grilled by John Stoessels of ABC-TV about so-called "corporate welfare". Stoessels told him that, in one magazine, his face was put on a pig's body and he was called the greediest of all pigs at the Washington trough. The CEO calmly, literally with zero emotion, said, "Why should I care about that." Why indeed? The magazine will be gone and forgotten in days or weeks, but he'll still be CEO of the largest agricultural corporation in the world. It's a variation of the famous exchange between Churchill and Lady Astor; she said to him, "You are disgustingly drunk" and he said, 'Yes, madam, I am drunk, but you are ugly, and I will be sober in the morning."
Lacking this total freedom from fear of loss and/or others' opinions, a person is continually making judgements based on criteria other than his best beliefs about what will or will not work, should or should not be done, or is right or wrong. This is why politicians, including recent U.S. Presidents, actually have little power; Clinton the least of any recent President; they are, and he is, ruled by the public opinion polls.
Fear of others' opinions of the outcomes of your decisions and actions hamstrings you more than any other obstacle or handicap.
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