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7 Habits That Make Successful Entrepreneurs Highly Efficient

7 Habits That Make Successful Entrepreneurs Highly Efficient

We live at a time when competition is stiff and we need to be at the top of our game to succeed. Even when we have so many tools and apps to maximize our productivity, it remains up to us to find out what will strengthen our abilities on an ongoing basis.

Building successful habits that will optimize our efficiency may seem difficult, yet the achievements of successful entrepreneurs are dependent on the habits that they nurture.

Here are 7 habits that successful entrepreneurs master in order to improve their efficiency and help them reach their goals quicker:

1. They look for solutions rather than problems

“True entrepreneurs look for ways to make ideas work, while regular people focus on why they won’t work. If entrepreneurs hit an obstacle, they mobilize and seek ways to overcome it. Regular people see it as an excuse to give up.” – Andrei Kolodovski, serial entrepreneur.

To be more efficient, successful entrepreneurs work on forming mental habits that make them problem solvers rather than problem creators.

2. They focus on the importance of core values- for themselves, and employees

“They want the company they work for to reflect their values, personality and principles. They do not want to have to check-in their values at the front door every time they go to work.” – Gerard Danford, London Business School.

Successful entrepreneurs do not chase too many goals at once. They know what they want and where they want to be. Such a focus on values helps entrepreneurs to be more efficient. Such an attitude can also motivate and inspire employees to feel happy that they are working for a company with a mission and a social purpose.

3. They have a schedule for each day

“There is interruption all the time, but I can quickly deal with an interruption and then know that it’s Tuesday, I have product meetings, and I need to focus on product stuff.” – Jack Dorsey, co-founder of Twitter.

Successful entrepreneurs don’t muddle their work day with too many activities and an unstructured approach. They focus on what should be accomplished daily. Having a schedule helps them to direct their energy on what needs to be done each day.

4. They prioritize

“I really want to clear my life to make it so that I have to make as few decisions as possible about anything except how to best serve this community … I’m in this really lucky position, where I get to wake up every day and help serve more than a billion people. And I feel like I’m not doing my job if I spend any of my energy on things that are silly or frivolous about my life.” – Mark Zukerberg, co-founder of Facebook.

Successful entrepreneurs do not expend their energy on things that do not stretch them towards success or attaining their primary goals.

5. They focus on excellence

“For my first five years at Google, I pulled an all-nighter every week. It was a lot of hard work.” – Marissa Meyer, current president and CEO of Yahoo!

Successful entrepreneurs are committed to excellence and are focused on results. Rather than simply succumbing to mediocrity they step ahead of competition by putting all their energy into creating something worthwhile.

6. They communicate

“A good leader doesn’t get stuck behind a desk.” – Richard Branson, founder of Virgin Group

A successful entrepreneur understands the importance of accessing the right information in order to be efficient. They communicate with their employees and customers on what needs to be done and improved. Rather than getting stuck, they go in search of knowledge in order to make the investments needed to help their company improve.

7.They invest

“All money is a means of making more.” Oliver Emberton, founder of software firm Silktide.

Every successful entrepreneur knows the importance of using money to get ahead. This is why companies often seek money from venture capitalists. To get ahead you have to see money as a tool. Rather than waste it on frivolous activities, successful entrepreneurs invest in resources and technology that will help improve their products, services, and keep them ahead of the competition.

Featured photo credit: https://unsplash.com/ via unsplash.com

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Casey Imafidon

Specialized in motivation and personal growth, providing advice to make readers fulfilled and spurred on to achieve all that they desire in life.

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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