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9 Habits that Accelerate the Efficiency of Successful Entrepreneurs

9 Habits that Accelerate the Efficiency of Successful Entrepreneurs

Innovative ideas are born every minute. With such intense competition, entrepreneurs who want their business to succeed must develop highly efficient habits and skills that also allow for personal growth.

Successful entrepreneurs like Steve Jobs, Mark Zuckerberg, and Sir Richard Branson all have one thing in common: they were known to have developed certain habits and unique approaches that made their businesses remarkably successful. By taking a closer look at each of the following habits, you can learn from the best and see how the habits of other successful entrepreneurs might apply to the type of entrepreneur you want to be.

1. Automating and delegating low-impact tasks

Spotting repetitive tasks in order to automate and delegate them allows successful entrepreneurs to focus on the high-level and impactful activities that no one else can do instead. For example, tech entrepreneurs Mark Zuckerberg and Steve Jobs are notorious for wearing the same clothes to work every day in order to eliminate time spent deciding what to wear. Instead, they could free up that time to focus on high value tasks.

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2. Not taking ‘no’ for an answer

Assertiveness plays a central role when it comes to developing ideas and creating a vision for your company. Usually, it’s only those who do not give up easily who end up closing the deal. They are the ones who look at every possible option and create opportunities where there haven’t been any before. Elon Musk, known for PayPal and Tesla Motors, is known for such grit by trying one venture after another.

3. Rugged tenacity

Known to have perfectionist tendencies, highly successful entrepreneurs aren’t afraid to make drastic adjustments to keep the business going. Yahoo’s CEO, Marissa Mayer set up a nursery in her office to shorten her maternity leave and get back to important tasks at hand. This is not to say her child was not important but that her time management was essential.

4. Constantly looking to solve customer problems

Consumers develop trust in companies that understand their pains. A successful business constantly innovates in order to offer new solutions that go along with the needs of their target market. One of Twitter’s founders, Evan Williams, strongly exhibits this customer-centric approach, which is reflected in the rapid growth of his other company, writing platform, Medium.

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5. Willingness to fail

Entrepreneurs who are willing to learn from their defeat are also likely to succeed in their next ventures. Payal Kadakia, founder of Classpass, imbibes such a mentality. Upon recognizing that her previous business ideas were not going anywhere, she decided to make a shift, create better business strategies, and start a new venture. A great way to think of this is to ask yourself, “Would I invest in my business in its current state?” If your answer is “no”, it’s time to address failure as an option.

6. Strong knowledge of the business

Most entrepreneurs who don’t have industry-specific skills and experience usually struggle when faced with challenging situations they are not accustomed to. However, those who have dedicated their lives to building their business know the ins=and-outs of its operations. Having valuable first-hand experience is crucial to the company’s success.

7. Transparency

Both employees and consumers trust entrepreneurs who have an open-door policy. Sir Richard Branson of Virgin Group exemplifies this habit by regularly blogging and sharing highlights about the company on the corporate blog. As an added bonus, his writing also improves the company’s visibility in the process.

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8. Cultivating a positive working environment

With a globally distributed team, Taso Du Val, CEO of Toptal, practices the habit of empowering his employees to make excellent decisions that spur company growth. Allow employees to take ownership in the business by actively communicating your company’s goals with the entire organization. This helps them feel a sense of ownership toward the organization.

9. Staying true to the company culture

Successful entrepreneurs use their differences as an advantage. They do not follow what others are already doing. Instead, they set their own standards and develop unique strategies that speak to the kind of company they have.

While anyone could come up with innovative ideas anytime, only those with the right attitude and highly efficient habits end up succeeding. If you want to accelerate the success of your business, you better start developing habits that will lead to the most impact.

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Featured photo credit: Jarle Naustvik via flic.kr

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Published on April 16, 2019

How Self Care Can Help You Live Your Best Life

How Self Care Can Help You Live Your Best Life

When was the last time you did something for yourself?

Whether it was deciding to treat yourself with a little something or travel for some R&R, how often do you practice self-care?

Well, as good as above sounds, there’s a common misconception that many of us have about self-care: that it’s only about indulgence and enjoyment.

However, self-care goes far beyond indulgence. It’s actually about respecting your mind and body, understanding its limits, and being able to take care of every part of yourself, in a holistic way.

And, you really don’t have to go to extreme measures or do anything specific–like meditating or following a plant based diet–in order to practice self-care. You just have to make sure that what you’re doing is in your best interests.

So how can you make that happen?

Below are a few proven methods that will help you become a better version of you. Follow through with these regularly and you’ll be well on your way to living your very best life.

Listen to Yourself

The bulk of self-care is knowing yourself.

This means knowing your body’s limitations, and being in tune with your feelings, emotions and thoughts. So it’s important, then, to know who you are and what you want to do in life, in order to truly say that you know yourself. 

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What is your purpose?

Have you ever thought about this question?

Your purpose doesn’t have to remain the same throughout your life. What you found a purpose in at age 19 would likely be different at age 49.

In your current situation, think about the different roles that you have – as a working professional, a spouse, a partner, a parent, etc.

Do you feel like you are fulfilling your purpose through any of these roles?

All you have to do is ensure that what you’re chasing is meaningful to you; this will bring focus and motivation as you strive to achieve your goals.

If you have your purpose defined, then that’s awesome! You know what drives you and why.

But, if you don’t feel like you have a purpose nailed down, it’s good to start by asking why.

For example, why are you working in your particular job or industry? If the reason is vague or unclear, then your motivational energy will be the same. In which case, you may find yourself not having a direction for where you’re headed in life.

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If you’d like to learn more about finding your purpose, then I recommend you check out this article:

How to Get Motivated and Be Happy Every Day When You Wake Up

Seek Out Continuous Education

Now, this may seem less common when you think of self-care, but lifelong learning is incredibly useful and an important component of taking care of yourself.

It’s Super Practical

Lifelong learning is extremely practical these days and does not require as much effort as it may have in the past. Long gone are the days when you could only find information on something by visiting a library. In this day of the internet, anything you can imagine is at your fingertips.

You don’t need to physically go to a learning institution to learn. You can watch Youtube videos to learn new skills, take online courses to earn a degree, and scroll through an endless amount of articles, books and journals from reputable news and informative sites.

When you’re constantly pushing yourself to learn and take up new things, your mental health also improves. Research shows that an active and engaged mind is responsible for diminishing age-related memory loss and improves overall cognitive abilities.

Your Confidence Will Skyrocket

You’ll also have improved self worth as it teaches you to step outside of your comfort zone, which will undoubtedly improve your confidence.

You’ll also connect better with others by expanding your knowledge base. Learning exposes you to a multitude of new ideas and perspectives that you may have otherwise never considered. This also increases your adaptability. Whether it’s at work or just wanting to adapt to society, your peers, and loved ones, life long learning prepares you to take on new challenges.

You’ll Be More Desired in the Job Market

Another obvious reason for continuous education, is that your employability will also increase.

With the ever changing economy, and huge influences from technology, social media, science etc., job descriptions today are moving targets. Assignments and roles change so quickly in response to changing business demands, it becomes a Herculean task to keep a job description database current.

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In years past, stability was a characteristic of the world of work. Procedures, information, jobs, and organizations were established and provided continuity. Education was completed in the first 14 to 22 years of one’s life, followed by a long career occasionally punctuated by short-term job training.

Today, however, jobs, companies, and technology are disappearing and being created simultaneously. To remain current and maintain a competitive advantage in the human capital marketplace, an individual is challenged to continually learn.

People return to school at every age to enrich their skills and knowledge for their current positions. Some even prepare themselves for new jobs or career changes, moving them forward into new opportunities and technology.

We can be assured that we will be challenged to continue to learn new tasks and information throughout our lives. Successful careers belong to flexible, curious learners who are prepared for opportunities because they know themselves and where they make their best contribution. As Peter Drucker, the father of modern management stated,

“Knowledge is choice.”

Lifelong learning also increases social awareness and perspective. To genuinely understand and empathize with others, increase social awareness, and foster strong interpersonal relationships, it’s important to seek out new perspectives. Enhancing the skills that positively impact emotional intelligence can bring even greater happiness and success, both personally and at work; and, this is all part of self-care.

Improve Your Habits (Both at Work and at Home)

Now, the last piece of advice I want to introduce to your self-care regimen, is to improve your habits.

Habits define who you are, and are built up over time. You are what you eat is a great example of this. If you make it a habit to eat foods that nourish your body, rather than make your body feel bad, then you will be much healthier overall.

Good Habits Allow You to Reach Your Goals

Since habits dictate your days and nights, such as waking up every morning to get to work before a certain time, or brushing your teeth before bedtime every night, they play a major role in whether we do or do not reach our goals.

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When you form habits that allow you to progress towards your goals, you’re automatically living a purposeful day, everyday.

Habits Make Your Time a Priority

How do you spend your free time? Do you opt to lounge on the couch watching Netflix passively, or do you engage in activities that support your purpose in life?

It’s natural to waste a lot of time during the day, but fostering good habits will make you set a pattern for how you spend your time and give you the choice of what you choose to spend your time on. By improving your habits, you’ll find that you can be a LOT more productive. When you create good habits, you become more efficient with your time and a lot less is wasted.

This in essence creates an overall positive influence on your life, allowing you to treat your mind and body well, which is why improving your habits are so important to self-care.

Your Well Being Comes First

We live in such a fast-paced society, where we are often so caught up in our work, families, maintaining our social lives, our studies and everything in between. It’s an understatement to say that life can get a little overwhelming at times.

If you’ve ever watched the safety video onboard a plane, you’ll know that they always ask for a parent or adult to put on the safety mask first, before tending to the child. This may sound selfish, but the fact is that if you truly want to ensure the child’s safety, then your safety needs to come first so that you can protect and care for the child without complications from your end.

The same goes for self-care. We need to ensure that our well being is priority, so that we can be the best for the people around us.

Listening to yourself, practicing lifelong learning and improving your habits are steps that you can take to ensure you’re constantly in the best state of mind, alongside the indulgence and rest that you reward yourself with.

Featured photo credit: Photo by Raychan on Unsplash via unsplash.com

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