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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.

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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.

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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.

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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.

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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

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Last Updated on May 20, 2019

How to Prevent Inaction from Leading to Regret

How to Prevent Inaction from Leading to Regret

Time.

When you think of this construct, where do you see your time being spent?

As William Shakespeare famously wrote “I wasted time, and now doth time waste me…”

Have you used your time wisely? Are you where you want to be?

Or do you have unfinished goals to attain… places you want to be, things you still need to do?

The hard truth is, that time once passed cannot be replaced–which is why it is common to hear people say that one should not squander time doing nothing, or delay certain decisions for later. More often than not, the biggest blocker from reaching our goals is often inaction – which is essentially doing nothing, rather than doing something. 

There are many reasons why we may not do something. Most often it boils down to adequate time. We may feel we don’t have enough time, or that it’s never quite the right time to pursue our goals.

Maybe next month, or maybe next year…

And, before you know it, the time has passed and you’re still no where near achieving those goals you dream about. This inaction often leads to strong regret once we look at the situation through hindsight. So, take some time now to reflect on any goal(s) you may have in mind, or hidden at the back of your mind; and, think about how you can truly start working on them now, and not later.

So, how do you start?

Figure Out Your Purpose (Your Main Goal)


The first important step is to figure out your purpose, or your main goal.

What is it that you’re after in life? And, are there any barriers preventing you from reaching your goal? These are good questions to ask when it comes to figuring out how (and for what purpose) you are spending your time.

Your purpose will guide you, and it will ensure your time spent is within the bounds of what you actually want to accomplish.

A good amount of research has been done on how we as humans develop and embrace long-term and highly meaningful goals in our lives. So much so, that having a purpose has connections to reduced stroke, and heart attack. It turns out, our desire to accomplish goals actually has an evolutionary connection–especially goals with a greater purpose to them. This is because a greater purpose often helps both the individual, and our species as a whole, survive.

Knowing why it is you’re doing something is important; and, when you do, it will be easier to budget your time and effort into pursuing after those milestones or tasks that will lead to the accomplishment of your main goal.

Assess Your Current Time Spent

Next comes the actual time usage. Once you know what your main goal is, you’ll want to make the most of the time you have now. It’s good to know how you’re currently spending your time, so that you can start making improvements and easily assess what can stay and what can go in your day to day routine.

For just one day, ideally on a day when you’d like to be more productive, I encourage you to record a time journal, down to the quarter hour if you can manage. You may be quite surprised at how little things—such as checking social media, answering emails that could wait, or idling at the water cooler or office pantry —can add up to a lot of wasted time.

To get you started, I recommend you check out this quick self assessment to assess your current productivity: Want To Know How Much You’re Getting Done In A Day?

Tricks to Tackle Distractions

Once you’ve assessed how you’re currently spending your time, I hope you won’t be in for too big of a shock when you see just how big of an impact distractions and time wasters are in your life.

Every time your mind wanders from your work, it takes an average of 25 minutes and 26 seconds to get into focus again. That’s almost half an hour of precious time every time you entertain a distraction!

Which is why it’s important to learn how to focus, and tackle distractions effectively. Here’s how to do it:

1. Set Time Aside for Focusing

One way to stay focused is to set focused sessions for yourself. During a focused session, you should let people know that you won’t be responding unless it’s a real emergency.

Set your messaging apps and shared calendars as “busy” to reduce interruptions. Think of these sessions as one on one time with yourself so that you can truly focus on what’s important, without external distractions coming your way.

2. Beware of Emails

Emails may sound harmless, but they can come into our inbox continuously throughout the day, and it’s tempting to respond to them as we receive them. Especially if you’re one to check your notifications frequently.

Instead of checking them every time a new notification sounds, set a specific time to deal with your emails at one go. This will no doubt increase your productivity as you’re dealing with emails one after the other, rather than interrupting your focus on another project each time an email comes in.

Besides switching off your email notifications so as not to get distracted, you could also install a Chrome extension called Block Site that helps to stop Gmail notifications coming through at specific times, making it easier for you to manage these subtle daily distractions.

3. Let Technology Help

As much as we are getting increasingly distracted because of technology, we can’t deny it’s many advantages. So instead of feeling controlled by technology, why not make use of disabling options that the devices offer?

Turn off email alerts, app notifications, or set your phone to go straight to voicemail and even create auto-responses to incoming text messages. There are also apps like Forrest that help to increase your productivity by rewarding you each time you focus well, which encourages you to ignore your phone.

4. Schedule Time to Get Distracted

Just as important as scheduling focus time, is scheduling break times. Balance is always key, so when you start scheduling focused sessions, you should also intentionally pen down some break time slots for your mind to relax.

This is because the brain isn’t created to sustain long periods of focus and concentration. The average attention span for an adult is between 15 and 40 minutes. After this time, your likelihood of distractions get stronger and you’ll become less motivated.

So while taking a mental break might seem unproductive, in the long run it makes your brain work more efficiently, and you’ll end up getting more work done overall.

Time is in Your Hands

At the end of the day, we all have a certain amount of time to go all out to pursue our heart’s desires. Whatever your goals are, the time you have now, is in your hands to make them come true.

You simply need to start somewhere, instead of allowing inaction waste your time away, leaving you with regret later on. With a main goal or purpose in mind, you can be on the right track to attaining your desired outcomes.

Being aware of how you spend your time and learning how to tackle common distractions can help boost you forward in completing what’s necessary to reach your most desired goals.

So what are you waiting for? 

Featured photo credit: Aron Visuals via unsplash.com

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