Growth October 12, 2018 Last updated October 10th, 2018 203 Reads share

The Daily Habits of Successful Business Owners and Entrepreneurs

Image Credit: adobe

There are few things more difficult than leading a successful business. To pull off the job, you need more than just confidence and discipline: you also need to enjoy the constant hustle and drive that is needed to stay on track and spur long-term growth.

If you are up for the long grind to make entrepreneurship work, there are daily habits you can embrace that can make the journey more likely to end with success. Luckily for us, those who have been around the block and experienced a taste of entrepreneurial success are often very happy to share the habits that have led to their success.

If you are an entrepreneurial upstart looking to grow your business, develop a better work ethic, and focus on self-improvement, you need to consider adopting the following habits. Not only will these habits help spur growth in your business life, but they will also encourage you to be more responsible with your time and fit more fun into your days.

Daily Habits for Business Success

Business is a cold, hard world. It is no surprise, then, that eight out of every ten businesses fail within their first year and a half in operation. Usually, those at the helm of a small business play a major role in whether a business will be able to pull through the difficult times. To help you and your business stack on track, consider these daily habits of proven business leaders.

Set Your Alarm Clock

If there is one habit that nearly all successful business leaders have, it is that they all wake up bright and early. Usually, Fortune 500 CEOs and other C-suite executives get up well before sunrise to make sure that they have enough time during the day to tackle their long list of objectives.

Having extra during before work hours means more preparation can be put into one’s schedule before competitors have a chance to catch up. In other words, waking up earlier lets business leaders get a head start on their day.

How early should a business leader plan to wake up every day? Probably a lot earlier than you currently are waking up. Believe it or not, many CEOs and even small business owners that we have interviewed over the years claim to wake up as early as 4 a.m.

Meditate

What does Oprah and Tony Robbins have in common? They both meditate every day. Although it once had a reputation for spiritualism and the hippie movement, the practice of meditation is becoming far more mainstream among the business crowd.

The key is to meditate at least once per day for a set period. All you must do is sit in silence while you direct the object of your attention back to your breathing. In doing this, you develop a more refined focus and a greater task-oriented attention throughout the day. Also, meditators claim that they are more “present” and make better decisions after meditating, too.

Write Your Goals

If you want to achieve great things, you need to aim toward them. Without writing down your goals, it is easy to lose sight of the forest for the trees. To stay true to your big-picture goals and business aspiration, make sure you regularly jot down your short, medium, and long-term goals.

Even if you regularly think about your goals, you can still lose focus. This is because our minds tend to jump from idea to idea and can quickly move far away from what we originally set our sights on. That is why putting pen to paper is so crucial when it comes to maintaining our goals and aspirations.

Grow Your Support Network

Business owners everywhere will tell you about the importance of having a rock-solid support network. For many entrepreneurs, their social support system is the bedrock of their success. Without having a pair of ears that they can lean on during difficult times, it can become easy to succumb to the temptation to throw in the towel and quit when the going gets tough.

For some, a support network consists of colleagues and other business professionals that they can confide in. For others, a caring therapist and a few supportive family members are enough to get them through the hard times. Regardless of what your network looks like, it is important to always build a strong and resilient network to lean on.

Delegate, Delegate, Delegate

Business owners can get swamped with work if they let it pile up. Without delegating responsibilities and work to other team members, you can kiss any chances of getting your to-do finished. After speaking to numerous experts in the sales industry, if you do not outsource some of your low-level tasks to other employees, you can quickly become overwhelmed.

Wherever possible, delegate tasks to other members of your team. Not only will this help you focus on what matters most, but it also reflects well on you in the eyes of your newer teammates. After all, who doesn’t like to be considered competent and trustworthy by being given a task by a superior?

Stay Fit

It’s true: there is no tool in your arsenal more important than your body. By regularly exercising and staying fit, you can not only help blow off steam after a tough negotiating session or a rough client meeting, but you can also have a little fun while doing so.

Unfortunately, the business world is full of challenges and stressors—so don’t forget to make time for yourself occasionally. Whether it is cycling, weightlifting, or jogging, there are plenty of ways to reap the mental and physical benefits of keeping fit.

Make a Budget

Your business is not the only one who needs a budget—you do too! If you are a heavy spender, you can quickly derail your business by landing yourself in major financial issues. That is why successful entrepreneurs always master money management by writing out a weekly and monthly budget that itemizes their every expense.

Clayton Johnson

Clayton Johnson

Read Full Bio