4 Must Have Habits to be a Successful Entrepreneur in 2021

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Good habits are as essential to owning a business in today’s competitive climate as start up capital.

Though many people glamorize going into business on their own and severing corporate ties, it has its costs. It’s certainly not to be confused with a life of leisure. With no one to look over your shoulders, you have to be self-motivated and committed every day.

For optimal success and longevity you'll need a solid foundation of good habits to build upon.

Here are a few habits you’ll want to acquire and/or keep to stay in the black and sustain a profitable business in 2021:

TIME MANAGEMENT

We are each afforded 24 hours in every day. So, in many ways, we start off on a level playing field. Yet, no two people are exactly alike in terms of how they spend their time, or what they accomplish. Savvy infividuals who subscribe to the theory that “time is money” invariably achieve more.

Here are a few ways to accomplish more and "work smarter, not harder":

1. Wake up early.

2. Don’t waste a lot of time on social media.

3. Time track activities when it’s important.

4. Work ahead of any deadlines while keeping “Murphy’s Law” in mind.

5. Try not to procrastinate. It will ultimately lead to stress.

6. Don’t assume that you’ll have time later to do things. Each day is a gift.

ORGANIZATIONAL SKILLS

Did you know that keeping a place that is messy can cost you time and money? According to the professional organizing website Smead.com: “Disorganization is an insidious drain on your wallet. The money leak happens in little dribbles but, over time, it becomes a flood that sweeps you away. You can’t find your electric bill to pay it until a week after the due date – 18% finance charge. You throw your mail in a pile unopened on the desk and a conference registration deadline passes you by – $50 late fee.”

With this in mind, it’s a good idea to keep your home and work area organized. If the task seems overwhelming, tackle one room at a time. But, start somewhere. I’m a firm believer in the adage: “A place for everything and everything in its place.”

DILIGENCE & DISCIPLINE

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These two traits go hand in hand. And, both are required to stay in the black in today's uncertain economy. Contrary to popular opinion, there are very few “overnight successes.” For optimal results, work hard and stay focused. Set high goals and then pursue them. Carpe diem!

IN CONCLUSION

Remember that good habits are just as easy to cultivate as bad ones. The four mentioned above are fundamental to a winning business and long-term profitability.

Aristotle said it best: “We are what we repeatedly do. Excellence, then, is not an act, but a habit.”

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