“What are the daily habits of successful entrepreneurs?”
You might have pondered over this question at least once in your life.
What it takes to be a successful entrepreneur?
Mark Zuckerberg could have dozed off in his Harvard hostel room instead of setting up Facebook. But he worked hard and made a difference.
Because successful entrepreneurs do not resort to their comfort zone. Life is certainly not a bed of roses for them.
They envision their success and work towards achieving their dreams!
Their entrepreneurial journey might have started with absolutely nothing- no investment, no network, no support.
What might have contributed to their success?
Their habits! Yes, habits matter.
Because habits define you.Your habit has the power to transform you. It makes you a better version of yourself!
So we share with you 7 habits of highly successful entrepreneurs!
“We are what we repeatedly do. Excellence, then, is not an act, but a habit” -Will Durant
1. Make a schedule
“Time is what we want most but what we use worst”- William Penn
Your time is priceless. It is the only resource that you cannot get back even if you have billions! So you must learn to manage your time well.
Reading is undoubtedly one of the best habits of successful entrepreneurs.
Never spend a minute doing nothing. Young entrepreneurs often complain that they are not able to manage their time.
Everyone on this planet has 24 hours to spend. So the difference is made in the way you manage your time.
You might be wondering:
How can you manage your precious time?
Create a schedule. It helps divide your time systematically and organizes your daily activities. Devote a time slot for each activity.
For instance, you can plan the time you spend in gym, meetings, restaurant, office etc.
Because having a schedule helps you achieve your goals easily. It increases your productivity.
Creating a schedule also helps review your activities. You can prioritize your tasks if you have a proper schedule.
Here’s a general step-by-step guide to creating your schedule
- Use a calendar or planner: A calendar is a prominent tool to plan your day. You can mark the importance of each day on your calendar. For instance, if you have a meeting on a particular day, mention it on the calendar. You can make use of various digital calendars that can be accessed from anywhere using your smartphone.
- Organize your tasks: This is an important aspect. You might have multiple tasks to accomplish on each day. Your tasks can either be professional or personal. To identify each task you can label them using different colours. For instance red for professional tasks, blue for personal tasks and so on.
- Prioritize your tasks: As an entrepreneur, you might have a lot of tasks to carry out each day. So prioritizing your tasks based on their importance helps manage them well. For instance you can divide your tasks into three basic categories- most important, important and least important. This saves your time and helps identify the crucial tasks pertaining to your business. You won’t end up spending time on trivial matters.
- Allot a time slot for each task: Decide a how long you are going to spend on each activity. For instance, one hour at gym, 2 hour for team meeting, 30 minutes at restaurant etc. Check off the completed tasks. However, maintain a flexible schedule. That is, always add a few minutes to each task. For instance, allot ten minutes for a task that you expect to complete in 8 minutes. This helps in managing your time accurately.
- Review: Were you able to complete every task that you planned? A review helps find out what you missed and why it happened. In short, it’s a great way to evaluate your daily tasks and figure out why certain things didn’t turn out as planned. Plan your next day after your review and make sure you stick to your schedule.
There are also other methods that help schedule your time effectively in a more accurate way.
For instance, you can try 100 Blocks a Day strategy where you can easily assess the way you spend each minute. It helps you divide your day into hundred ten-minute blocks.
2. Read books
“A book is a dream that you hold in your hand” –Neil Gaiman
Books are the building blocks of knowledge. Entrepreneurs should find time to read books.
Take a book and start reading. Because reading boosts your concentration and helps you stay focused. Moreover, it is a great way to learn and explore new things.
Did you know?
Bill Gates reads about 50 books a year amidst his busy schedule while Elon Musk devotes his time to read fiction.
The book Lord of the Rings by JRR Tolkien has reportedly inspired Musk to develop his vision for the future. No wonder why he sent a Tesla car into space!
Musk also said he learnt rocket designing from books.
Choose the books and genres that interest you. You can read a novel and a book about entrepreneur tips simultaneously.
The key is to keep reading.
Still didn’t find your favorite book?
Don’t worry, click here to check out the books we cherry-picked for you!
3. Don’t focus on low-impact decisions
You can always find Facebook CEO Mark Zuckerberg in a grey hoodie and t-shirt. No matter where he is.
Do you know why he prefers a uniform dress code?
To save time and increase productivity.
He believes thinking too much about trivial things like “what to wear today” is not a good trait.
Instead Zuckerberg advises to invest your time in better things that create value. I hope you got one more reason to give thumbs up to Facebook
So don’t waste your energy thinking about breakfast, colour of your watch strap etc. Use your energy on the most important things. Because in the long run you’re defined only by what you do.
4. Be positive
“Keep your face to the sunshine and you cannot see the shadow”
– Helen Keller
Surround yourself with positive vibe and do things that keep your optimism intact. Because cultivating a positive approach towards everything really helps.
“Say no to naysayers,” advises legendary serial entrepreneur Elon Musk. He is an enthusiastic entrepreneur who never takes no for an answer. And you know where he has reached today.
Entrepreneurship is a challenging domain. Success is not guaranteed unless you push yourself.
How can you be positive?
According to psychology expert Richard Boyatzis, daily activities,ranging from yoga to praying to your favourite god can fill your mind with positive vibes.
Studies show they engage the parasympathetic nervous system, resulting in renewed optimism.
You can focus on highly challenging tasks if you train your mind to see the positive side of everything.
That is, a positive outlook helps in figuring out problems effectively. Otherwise you will not be able to tackle the hurdles easily.
5. Develop a “customer first” approach
“Your most unhappy customers are your greatest source of learning”
– Bill Gates
This is one of the top habits of successful entrepreneurs!
Your customers are crucial for your business to exist. Treat your customers well.
Never disappoint them. They won’t ever come back when they feel ill-treated.
Always elicit feedback from your customers and let them know you’re listening. Ensure the best customer experience.
Because customers always seek you when they feel your company is good in handling them.
When you give priority to your customers, you can easily track their feedback and initiate required actions to address them.
Did you know?
It takes twelve positive customer reviews to make up for one negative review from your customer.
Moreover, a negative customer experience gets shared faster than a positive one. So develop the habit of putting your customers above everything.
6. Keep your health intact
Your health is the foundation to build your dreams. So it should be your priority. Health consists four levels:
Ensure that you’re completely fit at all four levels. Because your energy is generated from your health. Take regular medical checkups and devote your time in the gym.
Maintaining health is a good habit of successful entrepreneurs. Almost every highly successful entrepreneur starts his/her day with a workout in gym.
Resort to a balanced diet which gives you all the necessary nutrients.
You can seek the help of a nutritionist to create a diet plan that suits your lifestyle.
Generally, it’s good to avoid junk food. Eat something that gives you real energy.
Rely on natural food such as cereals, vegetables, herbs, leaves etc.
Improve your mental and emotional health through regular meditation.
7. Maintain work-life balance
“Life is a journey, not a destination”
― Ralph Waldo Emerson
You might be striving to be a successful entrepreneur. But don’t forget the life part. Don’t forget to celebrate life amidst your tight schedule.
Many young entrepreneurs work 24X7 without acknowledging the values of life. Spending time with your family is a great way let go of your stress.
Why do we work?
For a better life.
But don’t allow work to suffocate your life.
Do you know?
Highly successful entrepreneurs make sure they embrace the excitements of life while not compromising their entrepreneurial objectives.
They work smarter, not harder.
You cannot achieve what you aim for overnight. It takes a lot of dedication, passion and perseverance to become a successful entrepreneur.
You cannot grab success if you simply follow the daily habits of successful entrepreneurs.
Success happens when you centre your work around good habits.
Because changing your habits to suit your entrepreneurial life catalyzes your productivity and helps manage your time effectively.