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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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Last Updated on October 15, 2018

How to Calm Down When You Are Overwhelmed: 7 Quick Ways to Try

How to Calm Down When You Are Overwhelmed: 7 Quick Ways to Try

Do you sometimes feel that you add items to your to-do list faster than you tick them off? Do you spend most of your day worrying about your lack of time?

The truth is, no matter how much we love our job, or how productive we believe we are under stress, there comes a moment when the pressure rises above boiling point. The sheer number of urgent tasks multiplies in a geometric progression. New possibilities no longer sound inspiring, they sound overwhelming and equal more work.

If that’s where you are right now – keep reading! If not, it doesn’t mean you should wait until you get there to learn how to cope with a demanding work schedule and how to calm yourself down quickly when you feel overwhelmed.

Here are 7 quick and easy tips on how to calm down when you are overwhelmed:

1. Let go of a few activities

Yes, it’s that easy! Take a look at your to-do list and ask yourself, “If I don’t do it today, will it matter a month from now?”

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Not every urgent task is important. Just like not every important, high pay-off task is urgent. The best way to keep yourself from getting overwhelmed and to manage your time is to know the difference between the two and learn to simplify your life by getting your to-do list down to three big tasks.

2. Take deep breaths to calm down

This advice sounds so simple it’s often overlooked. But it works better (and faster) than any other relaxation technique out there.

There is a direct connection between our emotional state and breathing. An anxious, frustrated or overwhelmed person breathes as if they have just finished running a marathon. A calm person breathes differently. Their breathing is deep, slow and steady. So when you have a panic attack, the best way to bring your heart rate down and to regain your cool is to change your breathing.

Try this now:

Take a slow, long deep breath in, filling your lungs with air and expanding your diaphragm. Hold your breath for four counts and then slowly release the air through your mouth. Repeat four times and notice frustration and the feeling of being overwhelmed dissolve with each long exhale of these calming breaths.

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3. Make “Just one thing” your mantra

When we feel overwhelmed by the amount of tasks on our to-do list, it’s easy to enter the ‘deer in the headlights’ state. You see deadlines approaching directly towards you, and you know that something has to be done about them, but you just don’t know where to start.

The best way to get your mind out of an ‘inactivity trance’ is to create momentum. This is what makes the “Just one thing” mantra so powerful. It helps to change our expectation that everything has to be completed right now, “or else.”

Next time you feel overwhelmed make grabbing a cup of coffee your “Just one thing.” You can do it, right? Then come back, pick one of the smallest tasks on your to-do list and tell yourself you’ll do just that one task. This is your next “Just one thing” that you will concentrate on until it’s complete. After that you can move on to the next task and so on.

It’s not “One thing at a time.” Saying this implies that there is a huge line of other tasks waiting to get done and that’s not the message you want to keep repeating to yourself. Learn how to focus here and stop getting overwhelmed.

4. Reduce the multi-tasking and multi-thinking

It’s been proven that multi-tasking is very inefficient, to the point of dumbing us down (more than smoking marijuana does). The same is true for multi-thinking, when your mind frantically jumps from one thought to another, trying to focus on and analyze several things all at once.

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Fortunately, there is help. A few minutes of meditation or brainwave music is all it takes to start feeling more relaxed, more creative and less overwhelmed.

5. Get moving

Any exercise you engage in – be it walking or dancing to your favorite beat – helps to release endorphins, the ‘feel-good’ hormones, through your body and to clear your mind.

Staying active also increases your productivity, enhances your ability to combat stress and anxiety. It also helps you to release the tension, boosting your mood and changing the thoughts that induce the sense of being overwhelmed.

The best part is you don’t have to spend hours in the gym to get the mind-soothing benefits of exercise. Even as little as 15 minutes of dancing or jogging can go a long way towards making you feel better and staying calmer.

6. Change your surroundings

We all need and deserve to take vacations from work woes and family responsibilities. Unfortunately, spending two weeks lazing on a beach, toes in the sand and a Mojito in hand, is not always an option. However, this doesn’t mean that we can’t take short ‘vacations’ from work stress and the technology buzz.

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Go outside for a few minutes and enjoy the sunshine. Stop at a park instead of driving straight home from work. Sometimes changing your surroundings and ‘spicing up your routine’ is all it takes to change your perspective on things and find creative solutions to seemingly complex and overwhelming problems.

7. Get some pet therapy

Studies have shown what most of us already guessed – our pets can be a great help during stressful moments. Simple actions such as petting or playing with your dog or cat can lower high blood pressure, boost your immune system and boost your mood.

Besides, pets can make the best conversation partners to share your frustrations with. They listen, they love you unconditionally and they never talk back or say, “I told you so.”

Final thoughts

Don’t wait for stress to hit you to start practicing these quick ways to calm down when you are overwhelmed. The best way to enjoy a worry-free life is not to push yourself to the limit of being overwhelmed and frustrated.

Featured photo credit: Dardan via unsplash.com

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