Common Habits of Successful Entrepreneurs
Updated: Mar 19
The following is an article “Common Habits of Successful Entrepreneurs” by Marc Primo.
In the United States Declaration of Independence, there is a line that states, “all men are created equal.” While there is truth and wisdom in those words, then why is it that some people are more successful than others?
Good habits die hard
The answer simply lies in their habits. While some are born into poverty and others into wealth, destiny is always in their hands. The habits they develop in life determine whether the rich stay rich, the poor stay poor… or a rags-to-riches story is in the works (or vice versa).
The following is a list of common habits shared by successful entrepreneurs, all of whom were created equal, before going on to become multi-billionaires in their respective fields:
1. They don’t waste time communicating online. – Many of the world’s successful people prefer to communicate in person or over the phone. Email and social media can be time consuming, and as the old saying goes, ‘time is money’. Wherever possible, communicate to your advantage as quickly as possible.
2. They always see the glass as half full. – A knack for spotting opportunities comes with always being optimistic. Rather than see the negative in things, the ones who have made it choose to see only the positive and then take it from there.
3. They have zero analysis paralysis. – Sometimes, taking risks and the fear of failure that comes with it can stop most of us dead in our tracks. Entrepreneurs who have succeeded experienced that too, but rather than become paralyzed by fear, they see huge potential for success.
4. They call the shots. – Rather than take orders like a deputy from a general, they make all decisions, big and small. By thinking ahead, they are mentally prepared for all outcomes and by acknowledging that things will not always turn out well, they are able to make bold moves.
5. They value feedback from others. – Just because they are head honcho of their company doesn’t make them infallible. Successful businessmen understand that sometimes, even they do not see the whole picture and for them to be able to, they need to listen to people beneath them with a different vantage point.
6. They are inquisitive. – Real leaders realize that they do not know everything and that everyday is an opportunity to learn something new. Adopting a mature mindset wherein they do not view asking questions as a sign of weakness, but rather willingness to learn, is a rare trait in today’s digital world.
7. They speak from the heart. – Unlike typical sales pitches or direct marketing spiel that all end with a hard sell or call to action, people listen when successful entrepreneurs talk because nothing is more sincere than unscripted words. And when these words happen to be coming from the mouth of the likes of Jeff Bezos or Richard Branson, then it would be a good idea to listen first and ask questions later.