14 Powerful Habit Patterns that Can Make You a Successful Entrepreneur
By: Changwon C.
Tags: Mindset, Business, Habits, Successful Entrepreneurs, Entrepreneur

Photo by Austin Distel on Unsplash

When it comes to entrepreneurship, some behavioral habits can help people go to sky-high successes if they adopt them. These include being energetic, full of big ideas that can revolutionize the world, and solution-seeking vigor. When it comes to finding the path to becoming a successful entrepreneur, everyone wants to know the shortcuts.

Let us look at some of the greatest names in the entrepreneurship world. We can see that all of the top brass follows certain habits — either behavioral or routinely — and can give aspiring business people a great deal to learn and follow.

Following are some of these powerful habitual patterns that entrepreneur gurus adopt and propagate. These include:

10 Behavioral Habits Common in Entrepreneurs

Behavioral habits include habits that make-up the entrepreneurial mindset. I have seen many people trying to break into the business world but losing motivation because they lack a proper thought process.

Some of the everyday behavioral habits practiced by many renowned entrepreneurs of the world are:

Problem Solving Strategy

To start a successful, independent business, all you need is a surprisingly simple formula that holds the test of time. Whenever skilled entrepreneurs face any problem, they apply the following solution-finding steps:

Identifying the problem

Creating a solution

Solving the problem

Incorporating lessons learned

A business model is as successful at correctly figuring out a need in the market for the product or service. Often, I see entrepreneurs creating that need themselves by proper problem-solving approaches.

Implementing Ideas Immediately

I have seen many successful entrepreneurs implement a particular idea immediately. I have met many entrepreneurs who discuss an idea with me and implement it on the same day.

It is common to think that being a risk-taker makes you weak and unintuitive, but many prominent business people care more about the overall growth than failure. In my years trying to establish a business from scratch, I have learned that to remain stagnant is far more dangerous than taking a risky decision and losing something you can gain again.

If you do not tackle a new problem and implement its solution idea because you fear that you might fail to solve it, you will not grow. Failure is one of the stages or factors of success.

Keeping It Simple

From an outsider’s perspective, it seems rewarding to be appealing to everyone. Successful entrepreneurs are mostly successful because their companies do not try to be everything for everyone. They focus on what they like to do or can offer best. Their superpowers, abilities, and passions go where they want to steer.

Photo by Austin Distel on Unsplash

Confidence

Highly successful entrepreneurs exude confidence and not arrogance. It is a fine line between the two, and they often get intermingled. Arrogant people think that they are great at everything and know everything, so they like to have an opinion on every subject.

Once you realize that you do not know everything, you allow opportunities that will help you learn recent trends and push to be even better despite having years’ worth of experience. Confidence is better to show as it keeps you in check and allows us to improve your shortcomings. It also presents an accurate picture of where you stand in your field of service provision.

Abundance Mindset

I have seen how vital mindsets are for starting something as challenging as businesses. It is the building block for starting a business venture, so I am confident that 95% of entrepreneurs’ efforts improve business mindsets to handle better the issues they face.

Entrepreneurs with an abundance mindset run highly successful and lucrative organizations, spend time with their loved ones whenever they want, and do what they like to do. This mindset helps them strive for a better future, even if they are still trying to achieve their financial goals.

Surrounding Yourself with Likeminded People

When athletes surround you, you become an athlete yourself. When successful entrepreneurs surround you, you become one. What I am trying to say is that the characteristics of a person reflect the company you keep.

My mentor used to tell me that their three best friends can identify anyone. He said that if anyone said to me about three of your best friends, I could tell what kind of a person I am. As my experiences have taught me over the years, he was right.

Networking

I first learned about the importance of networking here in Portugal. I met a lot of people during my stay where we could exchange information on the same level. Especially when the flow of information is as easily shared around as a mere click on a phone screen.

I also heard my peers saying that it is the questions starting with “who” than “what” that matter in business. It all boils down to having healthy and resourceful connections that you can explore when needed. These connections are not only going to be the ones who you directly contact.

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In addition to social media outreach, you can also avail opportunities such as joint ventures, client leads, partnerships, speaking opportunities, business sales, etc.

I am quite sure that the big players, such as Jeff Bezos and Bill Gates, had to do a lot of networking as well, given its importance.

Ignoring Haters

Every person faces haters with each initiative they take. Parents, friends, and coworkers can tell you that your business idea is stupid and that you would not succeed as an entrepreneur. The best thing to do is to ignore them. As an entrepreneur, you need to trust your intuition because there are many decisions that you need to make without having ample time to go over them. The impact of negative comments and unnecessary suggestions can make you pause and think about your choices, but at the end of the day, it is your life, and you should be able to make your own decisions.

I also learned that the biggest hater you ever face in life is your inner self-critique. It would help if you learned to be able to forgive yourself and become your fan. Do not become a roadblock against yourself.

Motivation

I researched some ways to keep the initial motivation roaring even after a considerable amount of time has passed. I came across many small activities that can boost motivation regularly. These include:

Listening to motivational speakers

Writing down a list of reasons why you started a business, and have it around for whenever you feel slipping down the motivation slope

Read biographies of successful entrepreneurs and see how they overcome adversity

Always start with small steps for any task or project, and work on consistent steps that take you to the bigger goals

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Flexibility

Even though entrepreneurs are hardly ever flexible with their schedules, a healthier approach to having a successful career is in charge. This habit significantly increases the chances of success as it opens up other avenues for learning, growth, and education. Flexibility can also automate or simplify many of the minor life details such as wearing similar colored clothes each day to avoid wastage of time that goes into selecting an outfit for the day.

4 Routinely Habits Common in Entrepreneurs

Some of the most common and highly effective routinely habits among entrepreneurs are:

They Manage Time

A routine is essential for an entrepreneur because this work requires you to get up and work at a particular time each day. Successful entrepreneurs who have to deal with multiple companies’ management need a set number of tasks for a day for them to follow.

They Read

The hobby shared by many of the top-tiered entrepreneurs is investing some hours for book reading. Most of them do it before going to bed or the first thing in the morning. Book reading can enhance your ability to look at issues from different perspectives. It boosts empathy and problem-solving skills — skills necessary to hone as a successful entrepreneur.

They Relax

To manage the stress, they relax by strictly adhering to the eight or nine hours of sleep schedule and meditation. Even though some people claim that they work better at night, they can manage their sleep cycle during the day. As long as the body is well-rested, it is healthy and safe. On the other hand, meditation helps clear the mind and increases focusing abilities. It enables you to calm your inner anxieties and allows you to focus on a central point, which is essential in decision making. I speak from experience.

They Exercise

Being healthy is the number one priority to achieving more meaningful goals, and it is not all about looks. A healthy body fosters a strong mind, and as an entrepreneur, you need your mind fresh for at least sixteen hours a day.

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If you are a busy person, walking for as little as fifteen minutes has shown incredible health benefits, so I would highly suggest starting to take care of your body. If you have time, you can hit the gym for an hour or do yoga or Pilates at home. You can even try to master breathing exercises to calm yourself.