10 Habits of Successful Entrepreneurs

What do all successful entrepreneurs have in common? No, this isn’t the jovial ramblings of a Saturday night in the pub … it’s MOTIVATION and DISCIPLINE. 

Beyond the audacious exterior of wealth and success lies a lifestyle moulded by habits, choices, and an unyielding commitment to the pursuit of greatness and a sense of purpose.

One distinctive trait that defines these luminaries is their insatiable thirst for knowledge. Their desire to consume information to not only self educate and improve oneself generally, but to learn from those that have gone before them. Great entrepreneurs have shared their successes, marketing secrets, business strategies and techniques for others to soak up and learn from. For entrepreneurs, reading is not a mere pastime; it's a deliberate ritual, a method of gaining new ideas and motivation. Yet, amidst this quest for knowledge, there exists an acknowledgment of a quiet, powerful ally – quality sleep. Far from a luxury, it becomes a strategic necessity. Successful entrepreneurs understand that a well-rested mind is a formidable asset, influencing physical health, mental acuity, and overall vitality. If you are wondering how you can prioritise sleep when you have so much to do in your business, (alongside all the reading you should be doing) then you need to stop and evaluate what things you can delegate or automate. Software solutions such as MyBizSolution can remove many of the daily tasks allowing you to get some proper rest. Eight hours of restful sleep will sharpen your focus and improve your working memory, meaning you will achieve far more in less time.

The move into the digital age has changed how we promote our businesses. There once was a time when physical appearance was not an important factor in company promotion (unless you put your picture in the Yellow Pages) but now it can be vitally important to your brand. However, contrary to the image of your typical executive commanding boardrooms, physical well-being becomes an integral part of a successful entrepreneur’s daily routine. For most, it's not rooted in vanity but in the recognition of the relationship between a robust body and a robust mind. Whether through vigorous workouts or afternoon strolls, the commitment to physical well-being reflects an understanding that success requires both mental and physical resilience.

In the face of the relentless pace and pressure inherent in the entrepreneurial journey, burnout emerges as a formidable adversary, and one which I have written about previously. Yet, these trailblazers intentionally carve out time for relaxation. Are you already seeing the bigger picture here? This, along with sleep and exercise, isn't a luxury; it's a strategic necessity. It ensures they can navigate the myriad of commitments, events and emotions leading to success without succumbing to exhaustion. With the same focused and dogged determination, ambitious entrepreneurs set clear, audacious goals that also require the same level of self-discipline, willpower and steely determination to achieve; yet whilst the allure of flexible working is ever present, the mundane and strict discipline to set and maintain routines is crucial. Success routines become the backbone of achievement. Organising time and embracing consistency provide a springboard for increased productivity and enhanced well-being.

This level of focus is a valuable attribute, as to achieve great success in your business you need to channel your energy into high-value tasks, steering clear of distractions that dilute your impact. It’s all too easy to get bogged down in the weeds of the business but for successful entrepreneurs it's a deliberate choice, an understanding that their time is a priceless commodity that must be invested wisely. Recognising strengths and expertise in others facilitates this, and building powerful networks becomes a game-changer, with the ability to forge meaningful connections transcending formal qualifications. Strategic networking becomes a cornerstone of success.

Financial acumen, another cornerstone of their success, is, as you will come to expect, not a mere numbers game. The elite entrepreneurs master the art of money management, balancing the scales with precision. It's not about being frugal or extravagant; it's a judicious act where every pound spent is a calculated move. Why would it be prudent to spend £3 million on advertising in one business but not another? What are the benefits of investing in software services? From the careful consideration of employing staff in key areas that will enhance the running of the business and effectively provide a return on investment, to the intricacies of taxes and strategic spending, successful entrepreneurs are intrinsically calculated in every aspect of business. 

I’m going to finish with a very important aspect of anyone’s success whether it is business, relationships or life. Embracing failure. This is not a deterrent but a rite of passage for the successful entrepreneur. It is a testament to the audacity of their dreams, a sign that they are not merely following the times but pushing beyond them. Failure becomes a stepping stone, a badge of honour for those who dare to dream big and push the boundaries of what is deemed possible. Embracing failure is, in itself, liberating, as it strengthens the mind, strengthens your resolve and helps your road to success. 

These habits emerge as the common language spoken by those who have dared to dream, dared to fail, and ultimately, dared to succeed. As you navigate your entrepreneurial path, consider the nuances of this lifestyle woven into the fabric of daily life. MyBizSolution stands as your guiding companion, offering support and insights to elevate your business endeavours leaving you to focus on the high value task - or go for a stroll - whatever you decide. 

P.S. If anyone does have a punchline for opening sentence then I'd love to hear it!