Sunday 14 October 2012

3 Essential Habits of Highly Successful Entrepreneurs

By Wayne Ong


If you have been around even for a little while, most people know that your mind is your greatest obstacle. Throughout the years, without a doubt, this has also been my greatest difficulty to overcome. A lack of qualities, specifically in regard to business, is what keeps most people from finding success online or off-line. You need to develop habits in your mind, believing that you will succeed, so that it can manifest. So as you progress, then you'll either realize your limitations and do something to change them, or you won't. Acquiring these habits, and developing them every day, is something you can do.

Don't hesitate when you are in business--make sure this is one of your mantras for success. We all want to succeed in business, but it is absolutely dangerous and ineffective to become complacent. That advice should be embraced for your life because it can prevent all manner of unpleasantness. Just about the easiest way to apply this to your business is to tie your productivity to your cash flow. When did you last truly look at your productivity processes or try to make them better? You've usually got at least a few areas in which you could stand to improve. If you can't find anything, focus instead on things like new product development or on your marketing.

The most successful business people understand how much value is held in professional and personal networks. They must be cultivated and cared for which means you have to give as well as receive. Figure out who you can give to and who you can benefit from.

If you are really at odds over a particular business problem, then do something new to solve it. It's normal to be reduced to thinking about only a few possible solutions. Each person has just their own perspective but you know that there are lots of ways to look at things. This is when you should use the leverage you have to call other people in to your business to do some brainstorming. Your ego might keep you from doing this, which truly is going to work against you. Call a meeting of your top minds, share the issue, and ask them to tell you whatever comes into their heads. You'll find that, often, the solution is right there.

Your business usually consists of equipment, human resources and employees - never take any of this for granted. Ignoring problems until something stops or breaks is usually how businesses and corporations operate on a daily basis. For instance, take the digital equipment that you use everyday like computers and cell phones. In most cases, through regular servicing, problems tend to not manifest regularly. But that's probably considered discretionary expense by most businesses. If this isn't done on a regular basis, production, and your company, could come to a screeching halt. It is therefore obviously imperative to maintain critical equipment, using preventative strategies to keep everything in tip top shape.

In conclusion, various online and off-line resources can help you develop business success habits. You need to develop habits that you do every day. This will be your greatest challenge in this area. But being straight about it means telling you this is not the easiest task. How hard or easy it is for you depends entirely on you. Once you are able to develop these habits, you won't even notice you are doing them. Don't try to think about how much time you are spending doing this or how long it will take to accomplish. Don't be hard on yourself, and simply do your best to work on your business everyday.




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