Over the years, I have discovered success is powered by three things: know-how, reputation and a network of contacts.
The formula for success = your human capital (what you know) times your social capital (who you know) times your reputation (who trusts you).
You can take away all my money and even my customer list, but if I can keep my smarts, my business relationships and reputation, I'll get it all back and then some. Having knowledge, social capital and trust is the ultimate security blanket in good times and bad.
According to stereotype, women are better at developing relationships than men.
But that's not true in the corporate world, says Carol Gallagher, author of Going to the Top. Women tend to put their heads down and finish their work, assuming they'll get noticed, she said. "The guys are out playing golf and networking," she says. The men gain valuable connections. They also learn about big-picture strategic issues, knowledge that helps them climb to the top.
Women burn out, Gallagher says. It's well-known that women do more housework than men. But women also tend to stay in the office, while men are more likely to be out networking and building connections. "Women are fried, exhausted, at the end of the day, the week, the year," Gallagher says. "The men are having more fun."
Sources: www.CoachThee.com and www.Forbes.com