Advertising
Advertising

The Success Secrets of Entrepreneurs You Need To Know

The Success Secrets of Entrepreneurs You Need To Know

The success secrets of entrepreneurs actually aren’t as secret as you think.  In order to be successful as an entrepreneur, you first need to understand what type of entrepreneur you are.  There are two primary types of entrepreneurs – those that have created their own businesses in reaction to their life and those that create business from inspired vision and action.  Reactionary entrepreneurs got fed-up with working for someone else. They are dollars driven and fear-based.  They want to have their own business because they’re tired of reporting to someone else and fantasize about making more money than they could in their day job.

Then there are inspired entrepreneurs.  They have an inspired vision, are fearless in negotiating unchartered territory, and love the entrepreneurial lifestyle. Risk-taking comes naturally to them, they know how to be in the unknown, and the more they integrate themselves with their businesses the more success they experience.

These 15 success secrets can transform a reactionary entrepreneur into an inspired entrepreneur

1.  Be conscious.

Here’s the deal: understanding your business means understanding yourself.  If you don’t intimately know what motivates you, depresses you, inspires you, or diminishes you, you cannot be successful as an entrepreneur.  Consciousness is gold to an entrepreneur because it allows us to move from being reactive to being proactive.  If you understand why you respond the way you to to the things that happen in your business, you can consciously make a choice to respond differently.

Advertising

2.  Embrace the unknown.

A lot of entrepreneurs say they like the excitement of living in the unknown and charting uncharted territory, but the reality for many is that when the mortgage is due, when your car needs emergency service, or when your child gets sick and you can’t afford to pay for health insurance then living in unknown stops being fun.  How do you respond when you have a bill you don’t know how to pay?  Is it, “Oh my God, how will I ever pay this?” or “Now I know how much money I need to earn this week.”  Your mindset around the unknown will affect your success as an entrepreneur.

3.  Take inspired action.

Most of my inspired action gets generated not when I’m in front of my laptop or networking.  It shows up when I’m walking my dogs, washing dishes or folding laundry.  It is the small, quiet whisper that floats through my mind. It is, unconditionally, an easier, better, quicker way to get the results I want.  It is also, unconditionally, an out-of-the-box approach I wouldn’t have considered while strategizing in front of my laptop. Out-of-the-box thinking generates success for an entrepreneur.

4.  Define the vision and stick to it.

This is not the time to daydream about Plan B if Plan A doesn’t work out.  Ensuring Plan A’s success requires perseverance and focus.  Million dollar businesses don’t happen overnight.  You have to be willing to live in the muck of creating your business in order to generate long-term, sustainable results. If you are sure that Plan A is a viable business plan, and if you’ve got support for making it happen, stick with it long enough to see what kind of results it can generate.

5.  Define success.

Define what success means to you, and not just financially.  Take a holistic approach to understanding your definition of success.  Does it mean that you will have a balanced lifestyle, working 20 hours a week or less so you have time to care for yourself and your family? Does it mean creating an automated system for your business so you can run it from anywhere in the world and travel as much as you like?  Define what you want your life to be like and that will help you create goals for achieving success.

Advertising

6.  Understand your mindset.

“Success isn’t something that you do on the outside, success is something that you are on the inside. The rest will follow.”Chuck Danes

Know your limiting beliefs. Do you believe it isn’t possible to have your cake and eat it too? Do you believe you don’t deserve to have a lot of money? Do you believe that you aren’t qualified enough to run your own business or offer the product/service you’re marketing?  Everyone has limiting beliefs.  Get to know yours.  Get into right-relationship with them so they no longer dictate your decision-making.

7.  Embrace change.

Wake up in the morning delighted to learn how your life will change that day.  Change is fun for inspired entrepreneurs.  What wasn’t working today paves the path for something else that could work better tomorrow.  When change needs to happen welcome it with open arms.  Build a vision for your business and then be willing to be flexible for how that vision unfolds.  You may be surprised by the results generated when change happens.

8.  Work smarter instead of harder.

Take the offensive instead of the defensive stance.  Ask yourself, what do you need to change in order to get your business moving in a different direction in an area that isn’t working?  It’s the difference between patching a leaking dam because you’re afraid of getting flooded and recognizing that the dam isn’t where you want to be in the first place.  Reactionary thinking leads to a lot of needless action in order to address limiting beliefs.  Offensive thinking leads to inspired action and elimination of limiting beliefs.

Advertising

9.  Know your feelings.

Staying in your head all of the time actually doesn’t benefit you as an entrepreneur.  Getting in touch with your intuition (that guttural, knowing place in you) and activating your intuition will radically increase your level of success as an entrepreneur.  Staying in your head and trying to think through everything logically will slow you down, confuse you, and keep you from being able to see the bigger picture.  Going with your gut will save you time, will build your self-confidence, and will keep your business moving forward.

10.  Yep, feelings, again.

Cultivate more feelings and less strategy.  Be in the feeling of being successful.  There is not a cause and effect for success. We’re trained to think: If I get this thing, then I’ll be fulfilled. You have to be fulfilled, and then you’ll get this thing.  Like attracts likes.  If you feel confident, you will experience more confidence.

11.  Expect the unexpected.

I am continually surprised by the directions my business takes and how I have transformed in my journey of being an entrepreneur.  I have stopped assuming that I will know what my business will look like this time next year, and I have stopped assuming what I will be like at that time.

12.  Learn to love the journey.

To be an inspired entrepreneur you must unequivocally love the entrepreneurial journey.  In this lifestyle there will never be traditional safety and security.  You will never be able to definitively predict your income.  You will always be learning new things about yourself and your business.  You will always experience unexpected challenges.  Loving the journey and living in the unknown will be your only safety and security.  Inspired entrepreneurs know and accept that reality.

Advertising

13.  Treat your business like a newborn.

A new business, or business idea is like a newborn.  Newborns need to be held close, to have absolute attention given to them, and to be supported in every possible way.  Do the same in your business.  Do not expose your business to negativity.  Hold it close.  Allow your business ideas time to gestate before exposing them to the dark, dangerous world.

14.  Create your own acknowledgement and celebration.

It is a habit of many entrepreneurs to always be focused on the next goal, instead of acknowledging and celebrating the goal that has just been met.  You are your own best (and sometimes only) cheerleader.  Taking the time to acknowledge and celebrate each and every goal will help to motivate you to continue to move forward, and, more importantly, to recognize how far you have already come.

15.  Start.

Stop daydreaming about your business idea. Start taking bold action to make your business a reality.  Your business begins with you.

After reading all this you may be saying to yourself, yes, but how do you actually be a successful entrepreneur? All this stuff about feelings and mindset are interesting, but what do I really need to DO in order to be successful?  Here’s the thing: 90 percent of the coaching work I do with entrepreneurial clients is around feelings and mindset.  Why? Because that’s 90 percent of what makes an entrepreneur successful.  The remaining 10 percent is implementation.  If you’re serious about being a successful entrepreneur then hire a coach, mentor, or join a mastermind group, and start taking a serious look at your mindset and your feelings.

Featured photo credit: John via flickr.com

More by this author

10 Things No One Will Tell You About Being an Entrepreneur When You Erase Your Limits, These 10 Amazing Things Will Happen The Success Secrets of Entrepreneurs You Need To Know Live a Stress-Free Life In a Way Most People Don’t Know 5 Ways to Live the Life of Your Dreams Right Now

Trending in Productivity

1 Better Alternatives to New Year’s Resolutions to Reduce Your Stress 2 How Personal Finance Software Helps You Get More Out of Your Money 3 7 Steps For Making a New Year’s Resolution and Keeping It 4 How to Concentrate and Train Your Brain to Focus Better 5 How to Be Creative When You’ve Hit a Creative Block

Read Next

Advertising
Advertising
Advertising

Last Updated on January 2, 2019

Better Alternatives to New Year’s Resolutions to Reduce Your Stress

Better Alternatives to New Year’s Resolutions to Reduce Your Stress

The end of the year is the time when everyone tries to give you advice on how to live healthier, look better, and earn more money.

It’s understandable if you find yourself lost among all the tips and opinions. Sometimes you no longer know what you truly want to achieve next year – and what’s just imposed by society.

To help you out, we’ve made this article about the things you should remove from your new year’s resolution list – instead of adding to it – to make your daily life more harmonious and peaceful.

So just make sure you cross these off your New Year’s to-do list – your body, mind and soul will be thankful.

1. Stop Buying Meaningless Gifts

We all know the sense of obligation – when we have to buy a gift for an event or celebration that’s already tomorrow, but we still have no idea of what to give.

Take these tips close to heart for all upcoming holidays, including birthdays, weddings, graduations, etc.:

Stop focusing on the material objects

Instead of focusing on what material object to give, think about the emotion you want to evoke[1] in the gift recipient, and then pick a symbolic gift that can support or represent that emotion. For example, you can gift coziness by presenting a “comfort set” with warm socks, tea, candles, etc. Or give motivation by presenting a beautiful planner or notebook.

Plan gifts in advance

We know this is easier said than done. But if you try to plan which gifts you’ll need in the upcoming months (try making a list three or four times a year), ideas will more likely come to mind and you’ll avoid that last-minute shopping. Not to mention, you’ll be able to keep an eye on sales to get the best prices.

Suggest a better way

If you’re tired of exchanging gifts for birthdays and holidays, initiate a different approach. For example, draw names among family members and agree that each one only buys a present to that one person they got. Alternatively, you can agree not to share gifts among adults, and only give presents to kids of the family. Or, ask friends to donate to charity instead of buying a gift for you.

Go for common experiences instead of exchanging gifts

You can agree (with your partner or the extended family) to go on a common trip, dinner or another activity, instead of spending money on gifts.

Sometimes you’ll have to be the one who initiates breaking the rules that have been accepted in the family for years. But if you suspect that you’re not the only one in the group who’s tired of gift-hunting, you’ll surely find support for your suggestions.

Advertising

2. Don’t Exaggerate with Diets and Fitness Resolutions

It’s no secret that TV shows, article headlines, and ads (not to mention our healthy diet-obsessed friends) make us feel like we need to look better, slimmer and younger than we actually are. But going on yet another diet or starting a fitness plan with the wrong motivation rarely leads to great results.

If you are like many people, you have probably signed up for an annual gym membership at least once in your life – only to drop it one month later.

How do you balance a good resolution for a healthier life without pushing yourself into commitments that won’t last?

Here’s what you can do:

Set a healthier pattern

For example, do meat-free Mondays or reduce meat consumption to three days per week (less saturated fat for you and better for the environment). Or choose to eat only healthy food at least three days a week or only on weekdays (e.g. make sure your meals contain vegetables, fruits, whole grains, dairy products, and protein). This way you’ll already have a healthier diet while still being able to treat yourself with a snack on weekends or parties.

Get a fitness watch

Fitness watches like Fitbit or MiBand are tiny accessories that will count your steps, calories burnt and will serve as an excellent motivator to move – or to take the stairs instead of the elevator.

Find a physical activity that you enjoy

Even if you are not that fond of doing sports, you can definitely find an activity that you’d do with pleasure. Think about what you’d like – from taking up Nordic walking to pilates or even exercising at home.

Try intermittent fasting

This is an alternating cycles of fasting and eating. For example, stop eating at 8 pm and restart not sooner than 12 hours later. This approach has been proven to have numerous health benefits, in addition to weight loss.

Skip cabs or driving to work and opt for cycling or walking instead

You’ll burn calories, breathe some fresh air, and save money – win-win!

3. Put a Cap on Your Daily To-Do List

In today’s busy world, planning your day in a stress-free way is actually an art in itself. It’s natural to want to be a loving parent, a diligent employee, an active member of the local community and probably several other individual roles.

But playing all these roles requires energy and meticulous planning. How not to lose yourself amidst all the appointments and responsibilities? And – most importantly – how to still find time for relaxing and recharging yourself?

Advertising

These daily planning tips will help you have more stress-free days:

Leave bigger intervals between meetings

If you schedule too many appointments or chores in a day, you’ll probably end up late at some point, and as a result – more stressed. There are many different reasons why people are late, but poor planning is a major factor too.

Plan time to relax

As weird as it may sound, you should try and schedule your resting time. For example, if you only have one free evening this week, and a friend tries to squeeze in a meeting, feel free to say no. Don’t feel obliged to specify the reason for your refusal, just say that you are busy.

Try to be a little pessimistic

We’re often packed with plans or running late for errands because we tend to be overly optimistic – about the traffic, the time it takes to do things, etc. Instead, try an opposite tactic — assume you’ll hit traffic or the meeting will take longer.

Try waking up earlier

Sometimes even waking up 30 minutes earlier can give you the much-needed head start for several errands of the day. But remember to get enough sleep every night, even if it means going to bed earlier.

Plan your day the day before

Chances are your day will be much better organized if you pack a lunch and lay out an outfit before going to bed.

Designate a time for checking emails and social messages

If you start checking your messages between appointments, you risk getting lost in a sea of messages that need replies. Designate a time for this activity or do it in case you arrived early to a meeting.

4. Let Go of Unhealthy and Time-Consuming Habits

If there’s one thing we should get rid of in the new year, it’s the habits that steal our time, provide instant gratification but don’t offer any value in the long term. Or even worse, leave a negative impact on our health.

Here are some common (and pointless) habits along with tips on how to get rid of them:

Binge-watching TV series

Even if most online television platforms offer you lists of “Best TV Shows to Binge Watch”, being addicted to series is a major time-waster.

You can manage this addiction in several ways, for example, watch one episode per day (or a few per week) as a reward, only after you’ve finished an assignment or done a house chore. Or try replacing this habit with exercise or reading a book – this will be hard at first but should stick after a few weeks. You can also try to track how much time you spend on TV or movies – seeing how much of your life you are wasting might urge you to do something about it.

Advertising

Running on coffee

Being a coffee addict is kind of a stylish addiction nowadays, but it’s not that innocent as it may initially seem. Besides addiction being a problem in itself, drinking too much coffee (more than 500-600 mg of caffeine a day) may lead to nervousness, insomnia, an upset stomach, a fast heartbeat, and even muscle tremors.[2]

As a solution, try switching to tea or edible coffee – a more sustainable, healthy, and productivity-enhancing alternative. For example, Coffee Pixels are solid coffee bars that generate a more even energy kick throughout the day without the coffee-induced abstinence and dehydration.

Procrastination

Fighting procrastination requires some serious willpower. If it is a problem in your daily life or work, try ”eating the frog” in the morning – get over your biggest or hardest tasks first, then tackle everything else.

Alternatively, use time tracking software to monitor exactly how much time you waste on unproductive actions, websites or apps. Once you know exactly how much time you’re spending unproductively, try to limit your time on social media, for example to just 20 minutes per day.

If nothing else works, try bribing yourself — promise yourself to do something fun or pleasant when you finish your assignment.

Whichever habit you want to give up, consider using some habits building tools to make a contract with yourself and reward yourself for milestones achieved.

5. Stop over-consuming

We live in the age of consumerism – huge manufacturers with their promise of a comfortable life on the one hand, and growing environmental threats – that are the direct result of our modern lifestyle – on the other hand. There’s only one solution – try to consume less whenever and wherever you can.

Before making additional purchases, ask yourself these questions:

  • Do I really need it? Did I need it yesterday?
  • Can’t I buy it used or borrow it from friends?
  • Can I rent it?
  • Can I make it myself?
  • Am I buying the most sustainable version of this product?

For example, check if the brand you chose is conscious about the environment, for example, are the products they manufacture energy efficient? Do they try to use less packaging?

Also, if you often find yourself buying too many groceries, promise to buy only the amount that fits in one shopping bag (that you bring along). If you often forget to take your shopping bag with you, get yourself a 2-in-1 wallet with a built-in shopping bag for more eco-friendly shopping.

6. Learn to Unplug from Your Phone

Today’s world is crammed with information, and many people struggle to keep focus on what’s truly important. There’s just too much going on in the world – too much to read, to watch, to know, too many conversations to participate in.

Advertising

But how to refuse the temptation to check the phone and start using social media in a controlled, not a compulsive way?

Some tips for managing your phone-dependency:

Spend only a limited amount of battery per day

For example, start your day with 50% battery life, and manage your phone usage so that you’ll make it till the evening.

Block distracting apps and notifications on your phone and computer

Choose one-hour, two-hour or longer blocking sessions and enjoy the positive impact this will have on your mood and productivity.[3]

Set your phone on flight mode

When you start doing an important task that requires full focus, set your phone on flight mode so that nobody can disturb you.

Leave your phone at home or in the office when you go for lunch

You’ll see that the feeling of being unreachable for a moment is actually very liberating.

The Bottom Line

As a new year begins, we’re all excitedly looking forward to what adventures await ahead of us.

But this year, promise yourself this:

Instead of having a never-ending list of tasks and commitments, focus on the truly meaningful ones. And cross-out all the rest without feeling guilty.

Less is more. Make this year count. We’re all rooting for you.

Featured photo credit: Brooke Lark via unsplash.com

Reference

Read Next