New%20Century%20Gotschall - Success Occurs when...

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Ed Gotschall Retired Founder and CFO, Current Board Member of New Century Financial Corporation (NYSE: “NEW”) Success Occurs when Preparedness meets Opportunity
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Circle of Success Vision Experience A Plan Successes / Failures Integrity Leadership Empathy Communication Revised Plans Passion Perseverance Tenacity
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Vision A vision without a task is a dream. A task without a vision is drudgery. A vision and a task is the hope of the world! From a church in Sussex England c. 1730
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My Preparedness Phase
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The Start of a Vision – The Dream November, 1967 USC 21 UCLA 20 Weather: 75 / Sunny Why not me? A vision without a task is a dream.
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First Work Experience 1973 - A Success in Training Key Lesson Learned: Communication
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The Plan – Get a Degree Big 8? I’m in the Big 10! This isn’t working! I Quit! A task without a vision is drudgery. 1973 – 1976 – “Taken for Granted” Accounting
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A New Vision – Seek Sunshine Now! Moving to Phoenix - 1976 1962 Ford Falcon
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More Experience The Brickyard 1976-1978 Annual Raise: 25 cents / hr - $6 / wk This isn’t going to finance my dreams! Better find a new idea.
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A New Vision and Plan If I can’t be passionate about what I’m doing, I need to get passionate about why I’m doing it. Live Travel Play Finishing my Degree - 1978-1979
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First Professional Experience CPA – 1980 - 1982 Live Travel Play $14,250 per year A time to learn patience & perseverance.
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A New “Shared” Vision?
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