The 5 Habits of Successful Entrepreneurs
Motivation is fleeting. One day, you may be gung-hu about your new fitness program or inspired to finally become a more organized person. The next day, you fall back into your old routines.
Motivational speeches and dream boards will only take you so far. Real success lies in the small habits that you commit to every day, especially when you want nothing more than to curl up on the couch and forget your responsibilities for the day. The moments when habit and dedication win out over apathy and laziness are what will ultimately determine your success.
However, if you do need a little inspiration on how to rethink your daily habits, read ahead to learn how successful entrepreneurs invest their time.
1. Manage your Schedule.
“The question I ask myself almost every day is, ‘Am I doing the most important thing I could be doing?’” — Mark Zuckerburg, founder of Facebook
As an entrepreneur, you will live and die by your schedule. I, personally, carve out time for everything — from client meetings to family time — because I know how easy it is to drop the ball when you’re juggling so many responsibilities.
So ask yourself, “What is the best use of my time today?,” and make sure it goes on your schedule. The, at the end of the day, review what you were able to accomplish in the last 24 hours. Does it match up to what you had wanted to do that day? Were there obstacles to your success? How can you better plan for achieving these goals in the future? A detailed account of your time you will help you keep yourself accountable and avoid falling into a pattern of laziness.
Time management is one crucial key to success, and your schedule is the best tool you have for improving those time management skills.
2. Build your Brand.
“All of us need to understand the importance of branding. We are CEOs of our own companies: Me, Inc. To be in business today, our most important job is to be head marketer for the brand called you.” — Tom Peters, business writer and speaker
Develop a social media presence, and commit to building that online persona every day. In the beginning stages of your business, especially, investors and customers are not only buying into your products or services, they’re also buying into you as a person.
Your personal brand gives you an opportunity to reach potential new customers and establish yourself as a leader in your field. Every day, you should set aside time to post to a couple social media sites and interact with your followers. By posting relevant and interesting material and engaging in discussions with your new fans, you can transform these online strangers into a loyal base of customers.
If you aren’t using social media to market yourself, you’re putting yourself at a disadvantage.
3. Learn Something New.
“Formal education will make you a living; self-education will make you a fortune.” — Jim Rohn, motivational speaker and businessman
As an entrepreneur, there is always something new to learn, and, although a formal education can give you a good groundwork, only a dedication to continuing education can set you above the crowd.
There are lots of ways you approach this mission and turn it into a daily habit. Listen to an entrepreneurship podcast or audio book to give you inspiration for your own business, take some awesome online courses to advance some your skills, talk to a business mentor to figure out ways to make your business more successful. The point is to avoid stagnation at ALL COSTS. Don’t let yourself become complacent. Always strive to better yourself.
4. Get Up Early.
“You sleep like you’re rich, I’m up like I’m broke” — Grant Cardone, best-selling author and entrepreneur
Early morning is, perhaps, the most peaceful part of the day — a fresh cup of coffee, the sunlight just beginning to filter through the window. It’s no wonder many successful entrepreneurs prefer to get a jump start on the day.
The early morning is a great time to carve out a personal routine before the hectic flurry of meetings, commutes, and responsibilities. It’s up to you to figure out how to make the best use of your mornings, but one common theme among the hustlers is to use that time for a workout. Getting the blood pumping sharpens your mind and raises your energy levels, giving you the mental and physical boost you need to be productive and creative.
5. Stay Social.
“Communication is the most important skill any leader can possess.” — Sir Richard Branson, British business magnate, investor
Sure, it’s true that entrepreneurship is a lonely enterprise, but that’s no excuse to become a hermit. Building up your connections and sharpening your communication skills not only keeps you sane; it’s essential if you want to find clients, woo investors, and assemble your team.
Social media can easily become a productivity killer, but, if used properly, you can use it to become more comfortable as a communicator. Schedule a set amount of time every day to create content for your preferred social media platform, engage with followers, or just reach out to an existing contact. You never know what you may learn or what opportunities might arise from reaching out and growing your network. Successful entrepreneurs are masters at communicating their ideas, building friendships, and leveraging their connections to expand their business.
There you have it, 5 daily habits from some of the world’s most successful entrepreneurs:
Manage Your Schedule.
Build Your Brand.
Learn Something New.
Get Up Early.
Remember, it’s not enough to only get up early when you feel like it or wait for the motivation to strike before you starting building your business. It all falls apart without consistency and dedication to your daily routine.