Entrepreneurship can sound extremely fascinating to young aspirants. Motivational speeches over the internet, success magazines, historical accounts, and our general surroundings are all full of examples of people who turned around their destiny with just an idea.
However, behind all that glitter, everything is not always gold. Successful entrepreneurs do not get there overnight. For many, it is often a hard ride and a long process.
There is no shortcut to being a six-figure entrepreneur. However, if you are following the recipe, your chances are still higher. Here are the six daily habits of successful entrepreneurs to which the top entrepreneurs attribute their success.
1. Start-Off Early
As it is said, “Early Bird takes the Worm”. Most successful entrepreneurs have one simple habit in common: Waking up early. Hollywood megastar and entrepreneur Dwayne Johnson has often taken to his Instagram to express how he owes his success to “Waking up at 4 am”.
Waking up early may not sound like a major deal to the average person. For many people, having to wake up early to go to work or school might be the hardest and most undesired part of the day. However, starting your day off early comes with its own perks.
As a businessman, you have to be up when the business starts. That is, in the early hours of the day. The risk of missed opportunities and important client meetings can instantly translate into a monetary loss. You cannot expect to have a six-figure bank account if you are fast-asleep with five missed calls from a potential client on your phone.
Secondly, there is another aspect to this. The human brain is designed to work the best when the Sun is up, in the early hours of the day. Once you develop a habit of waking up early, you tend to sleep early. This enables a healthy sleep cycle required for an adult (approximately 8 hours a night) to function at their best.
Having gone this route, you begin to realize you now have a well-disciplined routine and a sense of accomplishment right at the start of the day. This further boosts your motivation. You are already up and productive while the world sleeps.
As a disciplined person, you can now work on your business ideas and short-term daily goals much more efficiently. So, getting up early can not only help kick-start your day but may also help significantly boost your productivity levels for the remaining course of the day.
2. Prioritize your Time
Even if you are making a six-figure income, you still have the same 24 hours a day as everyone else. Successful entrepreneurs tend to make the most out of it.
While the internet is full of ‘Motivational’ talks that emphasize how you can only be successful if you work sixteen, eighteen, or even twenty hours a day, there is only little good in this.
Such a work ethic may work for a very small group of individuals. For others, however, it just does not hold applicable. It would be best if you adapted to what you can sustain in the long-term and then try to be more efficient at it each day.
As a Six-figure Entrepreneur, you will have a long list of tasks to complete. However, not everything can be done in one day. If one specific task or a few tasks are given all the attention, others will remain neglected. This will keep them adding up and that’ll contribute to unnecessary pressure. Tasks have to be prioritized and should be completed within their planned time slots.
Time management, itself, can be a crucial skill. Work, family, leisure, health, and at last, some ‘Me’ time are all important and have to be managed well together to maintain a healthy balance.
Never shy away from learning new things and expanding your knowledge. Constant learning is the key to excelling in any profession. In that regard, Entrepreneurship is no different.
Successful Entrepreneurs do not let their success get the better of them. Even if you are putting in your best every day, there can always be room for improvement. In the fast-paced 21st Century, the World is constantly changing. New techniques and technologies are being adopted and old ways are being phased out.
In such an environment, growing and evolving with the changing times is not just a choice but a necessity. If you do not move with the world, you are bound to be left behind.
From the likes of Nokia and Blackberry to several other giants of the past decade, numerous examples of companies resulted in total disaster just because they could not keep up with the changing dynamics of the market.
So, to keep up with time, you need to be aware of what’s coming next.
That can only be done by learning new knowledge. Secondly, once you have the knowledge, you need to be able to apply it. This comes with learning new skills, or at least by further polishing the skills you already possess. No matter how good you think you are, there can always be someone better. So, the process of improvement should never stop.
While this may sound like a continuation of the last point, ’Learning,’ Reading is a complete domain in itself. The importance of reading, and Book Reading, in particular, is well-established.
Most great leaders and entrepreneurs have been known to be avid readers. While other resources may equip you with new skills and subject-specific knowledge to use in the field, reading feeds your personality directly.
Billionaire entrepreneurs Bill Gates and Warren Buffet are very popularly known to be voracious readers, with a major part of their day spent reading.
To be a boss, you need to think like a boss. That is where book reading comes into play. Books give you an in-depth knowledge of different aspects of life. And that, too, from different perspectives. It does not have to be a specific genre or type. Be it fiction, non-fiction, romance, or a historical account, every category has its own charm. You have to choose what works best for you and then hold onto it.
Reading enables you to open up your mind and see a broader picture. The effects may not be apparent at first, but reading will significantly enhance your vision and improve decision-making in the long run. Reading will introduce you to the dimensions which you did not even know existed.
5. Emphasis on Fitness
Even if you have all the golden habits of successful entrepreneurs to make up a perfect Six-figure Entrepreneur, they are good for nothing if you are unable to work at your full potential. This is why entrepreneurs lay an emphasis on maintaining a strict fitness regime.
No, fitness does not necessarily refer to spending two hours a day at the gym, or on the yoga mat. Instead, it translates to whatever helps you keep working at your best, while not compromising your health. This may include working out, doing yoga, walking, jogging, cycling, swimming or simply, playing your favorite sport.
If you are working all day at the office with no physical activity whatsoever, this may look productive at first but will eventually take a toll on your health. You will feel extremely exhausted at the end of the day, even if you have not done much.
At least some form of activity needs to be incorporated into the daily routine. There is no question about the advantages of physical activity. Research shows only a little exercise a day significantly improves the blood circulation in your body.
This helps you stay active all day without feeling fatigued. In the long run, this seriously improves your productivity levels and makes you more efficient, letting you accomplish more tasks in less time.
Lastly, making six figures does not come easy. If it is not easy, it comes with many challenges and hurdles to deal with daily. The key to dealing with all of these challenges is simple: Be Consistent. Entrepreneurship can be one of the most rewarding fields out there. Entrepreneurs make up a huge chunk of the richest 1% population. Such results do not come easily.
To start with, in entrepreneurship, the risk factor can be too high. The same goes for the chance of failure. By numbers, many successful entrepreneurs have had more failures throughout their careers than success. Nevertheless, they kept going and just refused to give up.
Eventually, success came chasing them. This is the lesson here. Keep putting in your best effort even if you cannot see the results soon enough. This will help you analyze your mistakes and improve them along the way.
Whether it is waking up and starting your day early, managing your time efficiently, reading, learning, or emphasizing health, all of these habits of successful entrepreneurs need to be practiced consistently, irrespective of the time taken for the desired results to show up finally.
In the words of Zig Ziglar, “You don’t have to be great to start, but you have to start to be great”. Adopting these six habits of successful entrepreneurs will surely give you a head start and put you on the path you need to be on. Once you have the discipline, success comes to you. So, to be a Six-figure Entrepreneur in the future, start thinking like one today!
Bonus Tip: Explore the 30 best gift ideas for entrepreneurs.
Successful entrepreneurs often prioritize goal-setting, time management, networking, continuous learning, and maintaining a healthy work-life balance.
Goal-setting helps entrepreneurs stay focused, motivated, and accountable. It allows them to set clear objectives and measure their progress towards achieving them.
Effective time management helps entrepreneurs prioritize tasks, avoid procrastination, and maximize productivity. It allows them to allocate their time efficiently and meet deadlines.
Networking enables entrepreneurs to build relationships, gain industry insights, find mentors, and create business opportunities. It helps expand their professional network and access valuable resources.
Continuous learning helps entrepreneurs stay ahead of industry trends, adapt to changes, and acquire new skills. It fosters personal growth and enables them to make informed decisions in their business ventures.