10 Effective Habits to be a Successful Entrepreneur

Every career has a set of habits that greatly increase the odds of success. The habits necessary for success will vary from career to career. Fortunately, there are many successful entrepreneurs that we can look to for guidance. It’s not surprising that many of them share the same habits.

 

“It has been my observation that most people get ahead during the time that others waste.”

—Henry Ford

 

There’s no reason why you can’t have the same habits as some of the most successful people in the world!

 

10 effective habits for successful entrepreneursIncrease your odds for success with these habits:

 

  1. An incredible work ethic and commitment. Initially growing a business can take a lot of time, effort and commitment. It’s necessary at first to be a jack-of-all-trades. Until you can grow enough to hire others to cover all the required skills your business needs to thrive, you’re going to have to carry a lot of weight.
  2. Set your business values and expectations. When you own a business, it’s up to you to ensure that things are done properly and on time. Establishing your business values and beliefs help to set the foundations for dealing with your customers, suppliers and staff.
  3. Use time wisely. Time will always be a limited resource. How you use your time dictates how successful you will ultimately become. That means having the knowledge and experience to make wise decisions, avoid distractions and know when to delegate tasks.
  4. Have a plan each day. One of the keys to using your time successfully is to plan for each day ahead of time. Avoid going to bed without having a detailed idea of what you’re going to do the following day. In the morning when your feet hit the bedroom floor, you should already know what needs to be done for the day. I personally find I get much more done when I make a plan the night before, plus I tend to sleep better once it is all down on paper.
  5. Wake up early. There are very few successful entrepreneurs that don’t get up very early. Some get up even before 4 a.m. How early you get up is up to you, but if you’re not beating the average person out of bed, you’re behind. This one, I struggle with!
  6. Set goals and take action. It’s not enough to work hard and work smart. You also must know where you’re going and take action. Goals help you make wise decisions. Know what you’re trying to accomplish today, this week, this month, this year, and 10 years from now. It is easy to get sidetracked by new shiny objects, having written goals allows you to check in with your longer term goals and stay focused.
  7. Find your own way to deal with stress effectively. Entrepreneurs have plenty of stress to deal with on a regular basis, so it’s important to learn how to manage it. Find your own process for dealing with stress and anxiety. Learn to recognize what you can control and what you cannot.
  8. Look ahead for obstacles. Avoid being blindsided by obstacles and setbacks. By looking ahead for the challenges that you’re likely to face you can have solutions in mind.
  9. Spend time on your personal growth. Spend time on getting to know your motivations, mindset, limitations, learning style, leadership style etc. This will help you to build your dream business and dream team to help run the business.
  10. Forever learning. As the saying goes ‘knowledge is power’. Don’t think you have stopped learning just because you aren’t at school. Running your own business involves information overload from accounts and technology to HR and sales. Paying attention to all these areas ensures you fully understand your business and can make informed decisions.learn

Think of all the major challenges in your life and notice that there were plenty of warning signs for all of them. The same is true with your business. Avoid putting your head in the sand and hoping for the best. Deal with challenges now while they’re still manageable.

 

What are your current habits? Can you see why your current habits have either helped you or harmed you on your path to business success? Think about what you want to accomplish to be successful and build a set of habits that will support those activities. My procrastination has been my biggest bad habit that has delayed my

 

The person with the best habits usually wins. How far will you go with your habits?

 

 “You don’t have to be a genius or a visionary or even a college graduate to be successful. You just need a framework and a dream.”

—Michael Dell

 

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