Most people want to be accepted by others and to feel that they are loved and trusted. It is important to have friends and belong to a group where social activities can be shared and enjoyed together.
Individuals want to be respected and to have their achievements recognised by others. For some people, having a certain status is also an important need.
Not everyone will reach their full potential, but for some individuals it is a very important need. Even the most successful people rarely achieve self-actualisation because they will always set themselves another challenge.