If you are an Entrepreneur or you want to be an Entrepreneur then you are probably obsessed about how you can reach your next level of success, and how good you will feel when you have gotten there.
Achieving success can be frustrating; there is such a big gap between having an idea and reaping the rewards.
You could work hard for months and not get any of the results that you are looking for.
All the while, others will seemingly go from success to success without making much effort. Maybe they know something that you don’t.
Success for many Entrepreneurs all come down to creating top habits and here’s 5 Top Habits Of Successful Entrepreneur, that will help you to reach your goals and accomplish what you have always set out to do!
5 Top Habits of Successful Entrepreneurs – Habit N°1:
Be Your Own Biggest Fan!
As a businessperson or Entrepreneur, you have to be your biggest fan and have tons of confidence & self belief.
People who do not believe in themselves can never reach their goals because their negative habits will prevent them from doing what they know they need to do.
Avoid Self Doubt & Negative People (Naysayers).
Beware of sharing your goals and ideas with the people around you. You could be shocked by their reaction. They may dismiss and doubt that your goal is even possible. Self-doubt may also creep in. That negative self-talk in your head that keeps arguing that you are not good enough?
To be a Successful Entrepreneur, you have to find a way to shut both of them down.
When dealing with negative people / naysayers, you have three options:
1. Ignore them and let their negativity roll off your back
2. Try talking to them and convincing them not to be negative
3. Spend very little time with them
Everything depends on your circumstances. More often than not people do not even realise that they are being a naysayer, so you can just start by pointing it out to them and asking for them to keep their negative opinions to themselves.
Some naysayers will be unable to change their views. It’ll be up to you whether or not you can deal with them or if you are better off avoiding their company altogether.
Avoiding the negative self-talk is so challenging because it’s with you wherever you are. Try and reframe the negativity and instead of talking to yourself, imagine you’re talking to a good friend.
Be your biggest fan and be kind to yourself!
What are your strengths? List them down and read them regularly (maybe every morning when you wake and every night before bed).
It’s easier to believe in yourself when you acknowledge your strengths.
When making your list of the things you are good at be thorough.
Are you a great negotiator? A great innovator? A great team builder? Or Great with Technology etc.?
Turn your list into positive affirmations.It’ll help you keep up a positive perspective. Also you can use this list to set goals from – utilising the strengths in the list to reach those goals.
Anything missing from the list?Set goals and personal development targets to improve on any areas that you think could make you a better Entrepreneur and a better person in general. Also if you have areas of weakness get someone in who covers those areas – see Building a Team (Habit 5).
Handling Your Fears:
How we handle our fears is what sets us apart.
To be a Successful Entrepreneur you will need to face and find ways to overcome your fears. If your anxiety is public speaking, for example, you could confront that fear and start doing it regularly until you overcome it. Start small and maybe even with a little Dutch courage and start working your way up from there.
The truth is that we all struggle in some way or another.
- Stephen King, was rejected more than 30 times before one of his famous novels Carrie, finally got published.
- Bill Gates failed in a company before creating Microsoft.
- Walt Disney got fired from the Kansas City Star because he lacked imagination.
The point is that you can not listen to naysayers. The only way to succeed is to be your biggest fan and shut everything else out.
5 Top Habits of Successful Entrepreneurs – Habit N°2:
Testing, testing, testing
You probably have tons of ideas. Some are good, and some are terrible. How can you tell the difference? By Testing, testing, testing.
Testing your products and ideas is paramount and here’s why!
Which of the two options below will yield the most results?
Developing and launching a product without testing and find out no one needs your solution; or test and refine your idea before investing?
The answer’s clear.
Do plenty of Market Research
Market research correctly done will dramatically improve your chances of success. Research before you spend time and money starting a business. It could mean pitching your idea to friends and family members or reaching out to the wider community.
When testing ideas, it’s essential to confirm that you are bringing a unique value proposition to the market place.
The unique value proposition could be about extra functionalities or lower prices.
You need to establish how that you are different from your competitors?
Identify Problems and Find Solutions!
You’re more liable to succeed if you recognise a product or service that provides a solution to a dilemma faced by your community.
People jump online to obtain solutions.
When they have problems they often scan the internet for a solution that will assist them.
Discover problems by seeking popular keywords in your niche and studying Google’s suggested searches.
Say you aspire to build a business in the dog coaching niche, and you’re scanning for a different viewpoint for pup training merchandise. Try and search “How to train a pup” and This is what you get:
You’ll notice there are notions there, including concentrating on training with a bell or training with a crate.
You could create a niche by concentrating on a coaching method for people who are not at home during the day. That’s a predicament that might not be approached by others, that means it could be your different value proposition!
Smart Goal Setting!
Do you know how to set goals? It involves more than stating, “I want a thriving enterprise.” Ever heard about SMART goals. It means establishing goals that are Precise, Assessable, Achievable, Wise, and timely.
Here are some examples of SMART goal settings:
- Create a new Business.
- Produce 50k in income in year one.
- Aquire twenty new customers in the first three months.
Do you see how these examples are all precise and achievable?
In the case of the income and customer acquisition goals, they are assessable and timely.
They also can be broken down further in to smaller bite size pieces.
50k in year one is just over 4k a month.
20 New customers in 3 months is just over 6 a month (or 4, 6, 10 a month, giving yourself a build up period).
When setting goals, fine-tune them until they’re SMART and achievable.
Prepare for Failure!
You presumably feel it seems odd to prepare for failure. It does – but it’s a genius move.
We ALL fail. Stephen King was rejected thirty + times by publishers, but it’s what he did after those rejections That made him a highly successful author.
He didn’t quit, didn’t yield. He dealt with refusal and persevered.
You need to understand that you may fail (more likely than not) and be prepared for it.
5 Top Habits of Successful Entrepreneurs – Habit N°3:
Learning from your failures!
Every cloud has a silver lining. Cliché I know, but the fact that it is doesn’t make it untrue.
Just like failures, errors show us who we are. We all make them. It’s how we react to them that separate the Successful from the Unsuccessful.
Start-Ups Often Fail
It’s not easy to get a start-up up and running. Many Start-ups fail, and it can be for several reasons.
Here are some of the most typical:
- Not focussing on customers and their needs
- Loss of focus in the business altogether
- Scaling too fast
- Not developing a successful team
- Infighting between founders etc.
We’ve already talked about concentrating on clients. Do that, and your halfway there, because you won’t be thinking about what you like, but what your audience needs.
Problems with Focus can appear when you try to do too many jobs at once. Simplifying goals on concentrating on one product or concept will help narrow your focus.
The idea of scaling sends entrepreneurs into tantrums. Let your business grow organically and scale only when relevant. You’ll read about building a successful team later – but let’s be clear about this, you can’t manage it all by yourself!
Reframe Mistakes as Opportunities!
Nobody likes making mistakes. It’s no fun to be wrong. However, every successful entrepreneur had to get comfortable with it – and learn to see mistakes as opportunities.
What happens when you mess up? If you pay attention, you acquire new knowledge! It might not be obvious to you now, but all that you learn will help you get to your goals.
If you make a mistake, take a long deep breath and ask yourself:
What can I take away from this? Then, once you’ve recognised it, use the lesson to create your next break. This can become easy if you make a habit of it!
Make Your Goals Manageable!
We previously discussed SMART goals. If you don’t reach a goal, it’s natural to feel disheartened. It’s often a hint that you set the bar too high.
If you’ve ever created a to-do list, you known how good it feels to cross them out.
So why not try and put simple things on your list, just for the quick gratification of crossing them out.
When setting goals, break down every long-term goal into small steps. It helps to narrow down your goals. Each cross will take you one step closer to your end goal — each cross on your checklist can become a. small victory.
How to Make The Most From Your Experiences!
Learning is always around us! All we experience is one big lesson and it’s up to you if you choose to take it or not.
When you slip or mess up, it’s natural to be upset but you need to learn to keep calm and learn the lesson.
Embrace your mistakes! Own them! Once you gave owned the error, take a step back!
Look at what went wrong, and try and find the silver lining in your situation.
Read, investigate, communicate with people in your industry. Take what you learn to heart and use it.
The best ways to fine-tune your goals or products is by doing something called “Split Testing.” Split testing means taking your content or your ad campaigns and trying out different versions until you get a winner.
The key is to test only one variant at a time. Not getting the results you are looking for with your Facebook ad? Test two headlines, choose the one that delivers and then split test your call to action.
Crafting Your Back up Plan!
Having a backup plan is smart. I know it’s not popular, but what If your first idea doesn’t work? What’s your next move?
I’ll repeat it, “having a backup plan is smart”.
5 Top Habits of Successful Entrepreneurs – Habit N°4:
Be Customer Focussed!
Your customers are the core of your business. If you can’t serve them properly, your business will go bust. It’s as Simple as that.
By now, you know all about research and testing. However, even though you’ve tested and researched everything, you still need to keep your customers happy. It’s a simple truth. If your customers are satisfied, you’ll generate an income.
Create The Ultimate Customer Experience!
Customer relationship starts when they first learn about you and continues for as long as they remain clients. When figuring out the best customer experience, think through every step they will have to take.
Offer top-notch content, an easy and secured purchase process, and stellar support. Customers who have received fast and professional help will mention it to their connections.
Give Value First!
What’s the secret ingredient to attracting new customers? BRINGING VALUE FIRST.
Before anybody buys your product, you need to show that you can deliver the goods. You can do that easily enough by offering valuable content before they purchase.
That means creating and delivering entertaining, educational, and actionable content that will demonstrate your know-how.
Bringing actual value, for free, triggers a mental response called Reciprocity. Prospects that receive free informative video or pdf, packed with valuable content, will be more inclined to purchase from you.
Of course, the value must be in the product itself. The top 3 qualities customers are looking for in a product are its usefulness, its endurance, and its cost.
Becoming The Authority Figure In Your Sector!
Becoming an authority figure is critical. The best way to demonstrate your authority is to (you guessed it) deliver value to your clients.
However, being an authority has a deeper meaning. It’s about showing how much you care about your community.
It’s about becoming a reliable and knowledgeable source of information.
These days it means delivering original content on social media that’s fun and educational. You can also post curated content relating to your niche and share your opinion on the subject.
One way to ascertain yourself as an authority and build your followers base is to offer a lead magnet. A lead magnet can be many things: an eBook, a cheat sheet, a template, or anything else that can illustrate your expertise.
Provide Great Customer Support!
It starts when a customer first visits your site. You should take into consideration what kind of support your customers require and how to best deliver it.
Back in the days, support was mostly in person or on the phone. Now, you have many options:
- Email support
- Instant Chat support
- Self-service options
- Social media support
You’ll need to test various options to figure out what will work best for your audience.
Many companies are merging social media with customer support and you need to consider doing the same.
￼5 Top Habits of Successful Entrepreneurs – Habit N° 5:
Build a great and Complementary Team
A successful entrepreneur is someone who knows how to build a team. You can’t do everything by yourself. We all have the temptation to do that, of course. Wearing every hat can save you money. However, it will also cost you precious time.
Why You Shouldn’t Do Everything!
You might have many skills. Perhaps you’re a great innovator with excellent communication skills. Maybe you’ve dabbled in accounting and flirted with marketing.
No matter how good you are, you’re not equally good at everything. If you try to do the things you’re not so good at, you might end up settling for a less-than-perfect result.
Many entrepreneurs try to do everything at first. However, once you’ve established your business and product, it’s a good idea to branch out and get some help.
Not only can you better focus on the things that only YOU can do, but you’ll also be able to live a well-balanced and prolific life – and that’s a key to a purposeful lifestyle.
Tips for Building a great Team!
The idea of building a team can be an intimidating one, mainly if you think that you need to hire people and deal with taxes and insurance.
The good news is that you don’t need to do those things unless you want to. Lots of companies outsource tasks as needed without hiring full-time or even part-time people.
The first step is deciding who you need on your team. Are you struggling to keep up with social media? It could be a good idea to outsource it to a professional. Perhaps you need an accountant to pay your bills. Maybe you need human resources services.
You may decide to hire someone full time. Keep in mind, though, that there are plenty of tasks you can outsource to freelancers. Using sites like Upwork makes it easy to find virtual assistants and team members.
The Importance of Delegation!
How do you know what to do yourself and what to delegate?
Delegation is an essential skill. You know you can’t do everything, but it can be challenging to let go of the things you’re accustomed to doing even when you have help.
Here are four questions to help you find out how and what to delegate.
About each task, ask:
- Can I coach someone else to do it?
- Is there anything that I’m unqualified to teach?
- Is my input needed?
- Is there someone on my team who can learn how to do it?
Unless the task requires your input and skills, it should be open to delegate. Yes, you’ll need to spend some time training your staff or freelancers to do the task to your standards. You’ll probably end up fielding a few questions and possibly, correcting a few mistakes.
There’s nothing wrong with you keeping critical tasks to yourself, but your goal should be to maximise efficiency while also prioritising accurately.
Taking an inventory of your team’s skills is a good idea. They might have abilities you don’t even know about yet!
The five top habits of Successful Entrepreneurs outlined here are ones that you can use to travel the road to success.
You need to keep in mind that you will need to:
- Reframe negative thoughts and talk to yourself as you would a friend.
- Avoid negative people and naysayers.
- Test your ideas thoroughly before launching new products
- Prepare for failure
- Learn from your mistakes whenever possible
- Stay focused on your customers and their problems
- Get the help that you need to reach your goals by building a great team.
Much success is believing in yourself and getting the support (both from yourself and others) to reach your goals.
If you can sustain a positive mindset, be systematic about your planning, and be consistent in your efforts, you will have all the success you deserve.