Management

7 Daily Habits of Highly Successful Entrepreneurs

Daily habits that separate tycoons from miserable letdowns.

Updated on

January 22, 2020

Successful businessman — Successful people remain calm in times of crisis. PHOTO | COURTESY

Intrinsic habits are what highly successful entrepreneurs possess, setting them apart from the miserable letdowns crowding the entrepreneurship streets.

Among these habits are setting long-term goals, learning from mistakes, creating new opportunities, self-reinvention, and taking risks, among others.

Here are the seven habits of the highly successful entrepreneur:

1.) Diligence

Many people fail to achieve great things due to a lack of effort. Successful people, on the other hand, have truly mastered the art of hard work.

They also know one basic truth: it requires hard work to get that Midas touch—exactly why they always are focused and disciplined.

2.) Self-assurance

Being too sensitive to criticism and rejection is a self-limiting behaviour.

Successful people are so thick-skinned that they can take any unfavourable judgment with a sense of humour. This helps them to avoid amassing negative energy that can easily derail an entrepreneur from the success path.

3.) Pragmatism

We live in the times of instant coffee and too many people want instant riches as well. The world of success does not work that way.

Warren Buffet aptly puts it: “Money doesn’t fall like manna; it takes a long time to build and anyone looking to save should have a long-term view”.

4.) Forward-looking

Most people spend their lifetime thinking about their past failures. This is self-destructive. Successful people, on the other hand, look at their past failures as life lessons for success.

5.) Sophistication

Successful people are not gullible. They are not easily tricked into get-rich-quick schemes. This is because they have mastered the art of questioning everything they read and hear.

6.) Self-control

In real life, things rarely go according to plan. This often leads to high-pressure situations, especially in business.

Successful people know how to remain calm in times of crisis, and this is easily one of the greatest habits of highly successful entrepreneurs.

7.) Positivity

Successful people do not use self-defeating phrases such as “whatever works”, “doesn’t matter” and so forth. Instead, they use compelling phrases such as “can do better”, “it is possible”, etc.