What It Takes: Lessons in the Pursuit of Excellence by Stephen Schwarzman

Stephen Schwarzman has a long list of accomplishments that span his life. From leading the successful private equity and alternative investments firm Blackstone to undertaking several charitable endeavors, Schwarzman’s experiences can offer valuable lessons to those seeking excellence. He summarizes these ideas in his book What It Takes: Lessons in the Pursuit of Excellence.

As an entrepreneur, Schwarzman recognizes the importance of commitment. He encourages readers to approach their endeavors with a level of “grit”, meaning that they must be willing to take on the hardships and difficulties that come with any endeavor, rather than expecting everything to be smooth sailing. To be successful, Schwarzman believes that one must be ready to make sacrifices and make difficult decisions when they arise.

Schwarzman advises readers to surround themselves with people who can help them reach their goals. He emphasizes the need to have a group of people in your life who can provide valuable insight and advice – from mentors, to partners, to colleagues. It’s important to build relationships with people who have complementary skills to your own, in order to achieve the best possible results.

Additionally, Schwarzman points out the importance of controlling your own destiny. He believes that by having a greater understanding of a company or situation, it can help you make better decisions that are beneficial for everyone involved. Developing an understanding of the industry or business you’re interested in is invaluable, as it can give you the skills and knowledge to thrive in it.

Schwarzman also stresses the importance of maintaining balance in life. He explains that by having a healthy work-life balance, it can help with avoiding burnout. This includes setting boundaries with work and ensuring that you have time for yourself to unwind, which can provide much-needed respite and help clear one’s head.

Finally, Schwarzman encourages readers to persevere. He believes that even if there is an obstacle in one’s way, they should never give up. He details how he was unfazed by the odds stacked against him when he was starting out and continued to push forward. With enough determination and dedication, Schwarzman believes that one can achieve their dreams.

What It Takes: Lessons in the Pursuit of Excellence by Stephen Schwarzman is an inspirational read for those searching for success and excellence in their endeavors. By following his advice, readers can set themselves on a course for personal and professional success. Through a combination of commitment, presence of positive people in your life, understanding of the industry, maintaining a healthy work-life balance, and perseverance, Schwarzman believes that anyone has the capability of achieving excellence.