Habits You Need to Become a Successful Entrepreneur
March 03, 2019

Habits You Need to Become a Successful Entrepreneur

You’ve probably heard the dismal statistics, one in 5 new businesses fail in their first year, and only half will make it through their fifth. But it’s important to remember that numbers don’t tell the whole story - there are nearly 400 million entrepreneurs worldwide today.

Whether being successful to you means the ability to earn enough money with your business to purchase your dream home among the Waterloo houses for sale, to travel the world or to simply to allow you to earn an income while pursuing your passion, these are habits you should develop.

Get the Hardest Tasks out of the Way First

Create a daily routine where all of your tasks are prioritized with the hardest accomplished first.

That will prevent you from procrastinating important tasks for too long and make everything else you have to do seem much easier by comparison. Getting it out of the way immediately often provides a bit of a dopamine rush too.

Good planning is 90% of time management – if you can plan out your tasks from the time you wake up until the time you go to bed, setting a time limit for each and sticking to it, it can help you better manage both your personal life and your life as an entrepreneur.

See Failure as a Path to Success

Most successful entrepreneurs fail, and often multiple times, along the way. Henry Ford went bankrupt three times before succeeding and the Coca-Cola company made just $200 in its first year. It’s not failure, but rather a failed attempt, and each attempt will bring you closer to achieving success.

Surround Yourself with Great People

Get in the habit of eliminating or limiting time with people that bring you down and surrounding yourself instead with great people whom you admire.

Successful people know their strengths and surround themselves with others who have strengths that complement their own, creating balance. That includes those you plan to make part of your team.

While greatness means something different to everyone, in general, great candidates are those who care deeply about something and will use their passion to overcome roadblocks during difficult times.

They’re driven by a strong work ethic and are committed to success, while also having the skills necessary to contribute.

Working with people you like and respect makes the inevitable emotional ride that comes with being an entrepreneur that much easier to handle.

Exercise Regularly

It’s easy to let work get in the way when you’re trying to build a successful business, but staying fit is essential for a happy, healthy lifestyle and being more productive too.

By planning exercise into your schedule each day, making it a habit, it will help keep your energy levels up and clear your mind, relieving stress so that you’ll be more productive in the long run.

It doesn’t matter what you do, from jogging to a yoga class or working out in the gym – find any activity you enjoy that gets you moving so it will be easier to keep up this good habit.

Habits You Need to Become a Successful Entrepreneur