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5 Habits of Highly Productive Small Business Owners

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5 Habits of Highly Productive Small Business Owners

Success does not have a specific recipe or formula. But we can learn from successful entrepreneurs, adopting their experience, copying habits, and character traits. In other words, climb onto the shoulders of the giants.

In this article, we have listed six qualities inherent in successful people. The list is not final, but it contains those habits that you can benefit from as quickly as possible.

 

Perseverance

If you look at all the failures and difficulties along the way, you need to insist. The best entrepreneur knows that failure is a sign not to stop, but to continue to work on your goal and dream.

First, you need to learn how to look at failures and obstacles as experience and steps to victory. Know that if it were so easy, then everyone would be successful entrepreneurs. The ability to insist on one’s own, despite the circumstances, is one of the most valuable qualities for an entrepreneur.

 

Overcome difficulties

Elon Musk, the CEO of SpaceX and Tesla Motors, is known as an incredibly fast-paced man. Before starting the SpaceX project, when he was talking in an interview with Esquire, Elon read and studied so much literature about rocket technology and power plants that he could build a rocket.

Like no one else, he knows what success and failure are.

No one likes to fail. But ask anyone who has succeeded in anything in life, and he or she is likely to point out failure as an educational basis for success. The difference between entrepreneurs and business owners is how each of them defines failure and success.

For an entrepreneur, success is the creation of a business that is easy to sell to someone for high profits. A business that is not very profitable, even if it is relatively profitable, can be considered a failure and generally cease without much thought to the entrepreneur.

For business owners, the game is very different. A business that is profitable and stable, even if it is not wildly attractive, is a golden ticket to success for small business owners. On the contrary, a more profitable business that can die within a few years (by the time the entrepreneur sells it out) can deprive small business owners of their lifelong savings and put an end to their career in business.

 

Who does not risk, does not drink champagne

Bill Gates risked his future, leaving Harvard at the age of 20 to become a co-founder of Microsoft.

In his book Doing Business at the Speed ​​of Thought: Using the Digital Nervous System, Bill talks about the importance of his risky actions as follows: “To play the grand prize, you have to take great risks. Significant bets mean big losses and big wins. Looking back, it’s easy to believe that Microsoft’s current success was inevitable. But in the days when we created the first software development company, most people were confident in our failure. ”

The only way to overcome fear is to open yourself up to risk. To get out of your comfort zone and start making big bets, spend more time with people who inspire you and do not convince you to fail

 

Direction

Howard Schultz was able to raise Starbucks when he was on the brink of ruin in 2008 as a result of a long recession. In an interview with the London Business Forum, he talked a lot about leadership and how he managed to breathe life into Starbucks. Howard believes that leaders should be decisive and prepared to make difficult decisions in the face of a lack of information.

“I think that the necessary quality of a leader is openness. You must be credible. You don’t need to be vulnerable, but at some moments it’s worth sharing with people the confidence and part of your soul, showing them what you really are without being afraid of it,” he said.

In other words, to be a successful entrepreneur means to be a decisive and responsible leader, confidently leading his business to growth and improvement. If you have employees or partners, then the ability to explain how this decision is made and why is added to leadership.

 

Work, work and work again

Even when Oprah Winfrey was already running her own show (The Oprah Winfrey Show), she did not give up on other projects. She starred in 12 films and participated as a guest or producer in dozens of television shows, art, and documentaries. Oprah was involved in various projects, even when her program was at the top of TV ratings and won awards, including 9 Emmys for the best daily talk show.

Today, Oprah continues to be a media tycoon, owning her own Oxygen television network, OWN channel, magazine, website, and satellite radio channel.

“The biggest secret of life is that there is no secret. Whatever your goal, you can achieve it if you are ready to work, ”she shares with her readers.

Success requires firmness and perseverance – it comes as the result of competent building a personal brand.

How many ways are there to promote your business? Be active and use all available channels to add brand recognition.

Move and work in this direction, do not be passive and do not wait for traffic and customers to come to you. You must do everything yourself – actively promote your product and name. Only you are responsible for your success.

 

Conclusion

There is no need to develop all these qualities in yourself immediately and right now – stop at those that are most in tune with you.

Does your business lack concentration? Work on it.

Is your product lacking perfection? Hone it to take the company to a new level.

Successful businessmen are not born. The necessary traits are developed in themselves with the help of books, authoritative people, and their own experience. Start following their lead to become better as an entrepreneur and just a person. 

Good luck to you!

Ben Grant is a true expert when it comes to presenting a text in a creative and understandable manner. Now he’s a writer for Adsy, guest post service. Ben is thirsty for knowledge and is always on the lookout for tips to share with her readers.

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