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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 December 7, 2018

10 Steps For Success: Applying The Power Of Your Subconscious Mind

10 Steps For Success: Applying The Power Of Your Subconscious Mind

How big is the gap between you and your success?

What is the difference between successful people and unsuccessful people?

It is as simple as this: successful people think and talk about what they are creating, and unsuccessful people focus on and talk about what they’re lacking.

So how do you bridge that gap between wanting success and having your success? Let’s make an important distinction. You see, there is a big difference between “Wanting” and “Having” something.

Wanting: means lacking or absent. Deficient in some part, thing or aspect.

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Having: means to possess, to hold, to get, to receive, to experience.

You can have one OR the other, but not both at the same time with any particular object of your desire. You either have it or you don’t.

When it comes to your subconscious, if you’re focusing on the “wanting”, i.e. the not having, guess what, you will build stronger neural networks in your brain around the “wanting.” However, through the power of your subconscious mind, you can focus on the “having” as if it has already happened. Research has shown that your brain doesn’t know the difference between what you’re visualizing inside your mind versus what is happening out there in your reality.

This is a regular practice of elite athletes. They spend as much timing creating the internal mental imagery of their success playing out as they do actually physically practicing. This helps create both the neural pathways in their brain and the muscle memory to consistently deliver on that success.

Here are 10 “brain hack” steps for success that you can take to create your version of a happy life. Make these steps a regular habit, and you will be astonished at the results.

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Step 1: Decide exactly what you want to create and have

This is usually the biggest problem that people have. They don’t know what they want and then they’re surprised when they don’t get it.

Step 2: Write down your goal clearly in every technicolor detail

A goal that is not written down is merely a wish. When you write it down in full detail, you signal to your subconscious mind that you really want to accomplish this particular goal.

Step 3: Write your goal in simple, present tense words

…that a three year old can understand on a three-by-five index card and carry it with you. Read it each morning after you awake and just before you go to sleep.

Step 4: Backwards planning

See your goal achieved and identify all the steps required that it took to bring it to life. Making a list of all these steps intensifies your desire and deepens your belief that the attainment of the goal is already happening.

Step 5: Resolve to take at least one step every day from one of the items on your list

Do something every day, even if it is just one baby step, that moves you toward your goal so you can maintain your momentum.

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Step 6: Visualize your goal repeatedly

See it in your mind’s eye as though it were already a reality. The more clear and vivid your mental picture of your goal, the faster it will come into your life.

Step 7: Feel the feeling of success as if your goal were realized at this very moment

Feel the emotion of happiness, satisfaction, and pleasure that you would have once you have achieved your goal. Visualize and feel this success for at least 20 seconds at a time.

Step 8: “Fake it till you make it!”

Confidently behave as if your subconscious mind was already bringing your goal into reality. Accept that you are moving toward your goal and it is moving toward you.

Step 9: Relax your mind

Take time to breathe, pray or mediate each day. Disengage the stress response and engage the relaxation response. A quiet state of mind allows your brain to access newly formed neural pathways.

Step 10: Release your goal to your subconscious mind

When you turn your goal over to the power of the universe and just get out of the way, you will always know the right actions to take at the right time.

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Starting today, try tapping into the incredible power of your subconscious mind.Start with just one goal or idea, and practice it continually until you succeed in achieving that goal. Make it a game and have fun with it! The more lightly you hold it, the easier it will be to achieve. By doing so, you will move from the “positive thinking” of the hopeful person to the “positive knowing” of the totally successful person.

Hit reply and let me know what you’re creating!

To your success!

Featured photo credit: use-your-brain-markgraf via mrg.bz

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