Perception is how an individual understands the world around him or her. What an individual thinks of something, or how a person sees his surroundings or an object. It is a well established fact that personal variables, like needs, emotions, values, personality, etc. influence our perceptions. Perception leads to passion over the goal. Passion is a very strong feeling about a person or thing. Passion is when we put more energy into something than is required to do it. It is more than just enthusiasm or excitement, passion is ambition that is materialized into action to put as much heart, mind, body and soul into something as is possible. Hence, once the people perceive the elements of achieving something they get to the passion to achieve it in real sense. So perception with perseverance leads to passion. Perception leads to passion, the continuation of passion leads to the development of obsession which compels an individual to achieve something greater. So this paper describes the theory of success which is proposed based on the important elements of success every great achiever has followed or gone through, they are Perception, passion and obsession.