The Seven Habits Of Incredibly Successful Entrepreneurs

Entrepreneurs are some of the most powerful individuals in society. Not because they’re wealthy, but because the habits they possess ensure that they are successful in whatever they set out to accomplish. Take a look at the seven habits below and find out which habits you have in common with incredibly successful business leaders, managers, team leaders and entrepreneurs worldwide!

 

1 – A Hatred for Sleep

You’ll find most entrepreneurs never sleep in late (unless perhaps when on vacation!). Every second you spend lazily snoozing in bed, is a second spent watching your productivity plummet. For most people, this is pleasurable and a welcome break, but for an effective entrepreneur and leader, it’s a restless affair.

Taking a break is worthwhile. But that’s what your 8 hours of sleep is for. If you don’t feel happy unless you’ve had a good measure more than this, then there’s a good chance you won’t cut it as a business leader.

 

2 – The Willingness to delegate

From low-level positions, delegation is seen as a mouth-watering perk. Who wouldn’t love to be able to give important tasks to people below them, and take the weight off their own shoulders? The real answer is; less people than you’d think.

While most people think delegation is something they could get very used to; in practice it’s a very tough and draining process if done incorrectly.

Imagine yourself as the bride in a wedding. It’s an event you’ve been thinking about for a long time, and there is an awful lot of pressure on the event being a success. Would you happily delegate all the decisions in this case to a relatively inexperienced wedding planner? Of course you wouldn’t. You would likely think along the lines of:  ‘My wedding day is far too important to let someone else potentially mess it up. Surely they won’t give it as much attention and care as I would. It simply isn’t worth the risk. I’ll do it myself’.

This is the scenario that many new managers find themselves in. They have the ability to delegate tasks completely to those below, but are afraid to because so much stands on the success of the activity, and it causes them too much worry to have anyone other than themselves perform the task.

A successful leader simply places confidence in those beneath them, and let experts do what they do best, leaving the entrepreneur do what they do best – Leading!

 

3 – The Lightening Pursuit of Opportunities

The difference between a successful entrepreneur and a normal individual, is that when they both see a business opportunity, their reactions are different. A normal individual may actually consider a business opportunity that has presented itself, and have a look at their bank account… maybe plan the possibility of leaving their job. However by this point, the entrepreneur will have already organised a team to begin!

 

4 – Proactivity

Business Leaders do not wait for opportunities to slip onto their lap. They instinctively partake in continuous research (or pay someone else to) to always make sure they have some new directions to be exploring. They’re never happy staying in the same place, and are always looking for the next new idea. Even successful entrepreneurs that are seen to stay firmly within one business, may be actually exploring several products or business models within that single entity.

 

5 – Optimism

An ineffective entrepreneur may think – “There are pro’s and con’s here… lets weigh it up”
The successful business leader thinks – “Those pro’s are significant enough to pursue this, we will solve the cons later.”

Being optimistic is a crucial habit for entrepreneurs, because it’s the only way to deal with the amount of risk these people take on! Would you risk your year’s salary in order to make more money next year? Many wouldn’t, and that’s why successful entrepreneurs aren’t common.

 

6 – Ruthlessness

Its probably their most famous trait – Entrepreneurs are often ruthless individuals. This isn’t to say they’re immoral folk, but don’t expect to receive politeness and ‘niceties’ if it will hinder their success. You have to be this focused too. Maybe you’re thinking ‘It isn’t worth it’. Well, being an incredibly successful entrepreneur isn’t for everyone!

 

7 – Obsession with attention to detail

Everything has to be perfect. Competition is so fierce in today’s business world that entrepreneurs cannot afford to do a half job. A successful businessperson won’t go home until the job is completed 110%. Delivering above what is expected is a classic signature of entreprenuers. This is how extraordinary profits are made and how a small venture can explode into a multimillion dollar success.

Which habits do you possess? Which habits do you think are the rarest and hardest to possess? Leave your comments below!

 

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3 comments on “The Seven Habits Of Incredibly Successful Entrepreneurs

  1. Pingback: 4 Reasons Why Entrepreneurs Should STAY In College | TayLynBrown Bloggin

  2. Pingback: Leadership Thought #433 – You Must Be Willing To Change To Stay Successful | Ed Robinson's Blog

  3. Pingback: Best Tips for Women in Business - women-suite.com

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