What are some of the things that successful entrepreneurs do differently to others?
Although statistics show that American business failures are declining thanks to technology and better education of entrepreneurs, there is still clearly a massive difference in the upside achievements scored between those at the top of their game and the rest. So, what are some of the characteristics of those that continue to succeed, and even go on to create multiple successful enterprises?
Willingness to Try and Fail
Extremely successful entrepreneurs are those that are willing to try new things. The prepare as much as possible, but understand that somethings just need to be tested and honed in action. They allow themselves a budget for that, and go for it. This is true of Shark Tank investor Barbara Corcoran, and Elon Musk who built Tesla even though he didn’t expect it to succeed.
Effective Time Management
The one big difference in what we accomplish in same number of hours in a day is time management. Some people just seem to be able to make incredible leaps, and earn fantastic sums, while having endless free time. All while others work furiously night and day, and can barely make ends meet. Hyper-successful entrepreneurs know how to leverage their time, and make the most of it. They do this by plugging in proven systems, leveraging teams and connections, and by utilizing technology.
They Guard Their Thoughts
Stress, fear, and negativity are the enemies of being in your most productive state of mind. Leading entrepreneurs get this. The learn to fiercely protect their mental environments. They curate their spaces, daily routine, and processes so they keep those things out, and stay in their optimal positive zone. They use goals, focusing exercises, energizing activities, diet, workers, and the right peers to manage this.
See Challenges as Opportunities
Some people let themselves get down as soon as a hurdle pops up or something doesn’t go their way. Winners take a different approach. They anticipate that there will be challenges. They don’t allow themselves to be derailed by them. Instead they choose to see these things as opportunities to champion a new challenge, and to exercise their creative problem solving skills.
Cultivate Good Habits
It’s been said that the only difference between a successful person and an average one is their daily habits. You don’t just wake up and get to compete in the Olympics and get a gold medal, or put up a web page and get 7 billion users. No, you run a little bit every day, you connect with a few new people each day. That adds up. If you put off those small moves hoping for a lottery ticket win, you might run out of time.
When you stop learning you stop winning. You can’t just get to a certain point of business and hope to just stay there. Businesses and markets are constantly influx. Your business is either growing or slipping. Savvy entrepreneurs and business owners keep pushing growth strategically and by constantly learning, enhancing their knowledge, and integrating and ideas.
Embrace New Technology
Successful entrepreneurs embrace new technology. This can be a tool for maximizing visibility, branding and PR, as well as gaining an operational edge to deliver superior service and efficiency, while enjoying above average profit margins. This may be process oriented technology like CRMs, communications technology through websites and for internal collaboration like Slack, or for marketing like drones, podcasting, and using Facebook live.
Have you tried these success strategies? Where might you be able to improve even further?