Finding the True Power of Motivation

Motivation; Lifestyle and Financial Management

Is Motivation Aptitude Superior to Scholastic Aptitude?

This article has been updated since originally posted.  What does it mean to be truly motivated and how far can being motivated really push a person? The saying goes, “where there’s a will there’s a way”, and in so many instances that mantra has proven correct, even things that have seemed impossible at first. Even people in less than advantageous circumstances can achieve great successes when they find and harness the true power of motivation.

REED WILCOX KNOWS MOTIVATION

This topic has been discussed with many interview guests on our weekly radio show American Dreams, including Reed Wilcox, a man who truly understands the power of motivation. Reed currently serves as the president of Southern Virginia University (SVU). Before beginning his tenure at SVU, he served as co-founder and chief development officer of Clene Nanomedicine, a science-based company with proprietary technology integrating nanotechnology, advanced materials science, plasma physics, and biotechnology. He is also the former partner and director of The Boston Consulting Group (BCG), a leading global professional firm. He is currently on the company’s board of directors. Reed also co-founded General Resonance, LLC, the parent company of Clene, and currently serves on that company’s board as well.

MOTIVATION BREEDS SUCCESS

In discussing motivation, Reed explained he has found this quality to be much more important than high school records or grades. “There are lots of kids that just don’t get traction until maybe their junior year and there are lots of kids, on the other hand, that have done very well with an athletic program for example or a music program, or something they really cared about.” Reed said that these kids have shown that they can really do something when they’re motivated even though they weren’t particularly motivated about high school. “What we look for are kids who show they have motivation. So, we think about it sort of as a motivational aptitude rather than a scholastic aptitude. It’s like a MAT: Motivational Aptitude Test, if you will, rather than SAT or in addition to an SAT.”

READY AND MOTIVATED TO LEARN

Many students do excel in school because that’s where they have demonstrated their motivation, however Reed made it clear that Southern Virginia University will also accept kids who have demonstrated a strong work ethic in other areas, i.e. a job they worked to support their family which can result in difficulties focusing on school work. He recounted a story of one student from Liberia who grew up in the inner city of Baltimore. This young man had never learned academic skills because he was taking care of his family. “We took him in and taught him how to learn. He is going to graduate this year with honors. He was motivated and he knew how to work and discipline himself. We’re looking for kids where there’s more diversity in terms of high school grades. But when they come to SVU they learn how to learn.”

THE MOTIVED DOERS SUCCEED

Reed pointed out his experience has taught him that when it comes to being successful, it’s not necessarily the kids who are the top scholars who have the most success. “What’s consistently true is the kids who are doers succeed; the kids who were motivated succeed. That’s what we look for. That’s what we do.”

We hope you enjoyed this article about finding the true power of motivation.  If you have any questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us at Info@GROCO.com or visit www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.

 

Posted in

Like it or Not, Now Is the Time to Think About Taxes

There are still several days before we officially celebrate Christmas, which means people still have plenty to do, including finding those important last-minute gifts. However, if you are done with your shopping, maybe you can put Christmas aside for a moment and focus on taxes. Taxes are probably the last thing you want to think…

Deutsche Being Bank Accused of Tax Fraud By Federal Prosecutors

The U.S. has been increasingly going after foreign financial institutions that try to skimp on taxes. The latest move from the IRS is an aggressive lawsuit against Deutsche Bank, which the federal tax agency claims owes the U.S. somewhere in the neighborhood of $190 million in overdue taxes, penalties and interest.  However, if you ask…

Looking to Grow Your Firm? Consider GROCO

There are hundreds of tax and accounting firms all over the country, including right here in the Bay Area. These firms come in all levels of size and expertise. At GROCO, we are always looking to grow our business and we know that many, if not all, companies are looking to do the same. If…

Is Corporate America Getting Away With Too Little Tax?

It’s an argument that’s all too common in the business world: big multi-national companies don’t pay their fair share of taxes. A new study will only serve to add more fuel to the fire, as according to its findings, seven of the 30 biggest companies in the United States reportedly paid more to their CEOs…