You can do more in this life than society or anyone else expects of you if you have the right habits in place. If you’re trying to start a business any kind of business, habits are critical to making sure that you get all of the little things done that you need to do. This is true even and especially when you’re working full time, studying, taking care of kids, or otherwise going about your day to day routine. That’s why in this article I’m going to break down how you can create daily habits that give you the space to build a winning business. Along the way, I’m going to share some habits of billionaire entrepreneurs. You can rest assured that if these habits work for them they can work for you too. Whether or not you use these habits to make thousands of dollars or billions of dollars for now just stick with me and let’s go over the habits that can help you become a successful entrepreneur.
1- Create a Routine
The first daily habit to get into is creating a routine. Creating a routine will help you use your time effectively instead of using that time trying to figure out what to do or getting distracted by the latest social media posting. When I say create a routine, I mean pick certain times throughout the week that you’re always going to use to work on your business. Whether this time is in the morning during your lunch break or late at night when everyone is asleep is up to you.
The important thing here is not when you plan your routine but that you plan it in the first place. In other words, what really matters is that you commit to setting time aside for your business. One thing that I do and a lot of other entrepreneurs do this too is actually schedule a calendar event if you’re the type of person to use Google Calendar or some other time management platform.
Just like I’m creating a meeting I will set up a calendar event that clears my calendar for half an hour or an hour every day and I commit to building my business during that time. If you’re unsure as to win you should set aside that time, then consider the next habit that works for most successful entrepreneurs. That habit involves waking up early.
2- Wake up Early
There’s a reason that 90% of executives wake up before 6 a.m. on weekdays. Those early morning hours are a time to focus on projects without being interrupted. No one else is up at that time of day except for the people who really have stuff that they want to get done.
Besides, have you ever planned to work on your business late at night but something came up? For example, maybe you started feeling unwell or you were really tired or someone reached out and asked if you could join them for dinner and you didn’t want to say no.
Any of these reasons can come at you in the evening and derail you but very few people are going to ask you to join them for a 5:30 a.m. breakfast meeting. Not only is the morning an ideal time to focus on your projects, but it’s also a time when you’re mentally at your sharpest. What that means is that your one hour of work before everyone else gets up will probably be more productive and you’ll get more done than if you spent that same hour working later in the day.
In fact, this is exactly why Jeff Bezos the CEO and founder of Amazon takes his most important meetings before lunch.He believes that’s when he’s at his sharpest and able to make big decisions.
3- Work Out and Meditate
The next habit to get into is working out and meditating. Just like with your working hour you want to schedule time to do both of these things. Exercising regularly keeps blood glucose and oxygen levels high. It feeds the brain and releases endorphins into the body to give your mind and your mood a boost. Exercise isn’t just good for you either, it significantly boosts your brainpower when it comes to processing and productivity.
Meditation or mindful that I’m can help you alleviate stress and focus on tasks and projects. In fact, billionaire investor Ray Dalio credits his meditation practice with being the single most important reason for his success today.
I know you would love to work out and meditate but you just don’t have time. The reality is that we have the same amount of time as these successful entrepreneurs.
So how do you make time for working out and meditating?
You may not like this answer but I’m gonna say it again wake up early. Tim Cook of Apple, Jeff Weiner of LinkedIn all wake up by 6 a.m. every day to fit in their exercise before they get started on work.
If you want to make excuses and skip your workouts that’s totally fine. Because you know who else makes excuses everyone who’s working 9 to 5 and not living up to their full potential. But I know that’s not you.
4- Get a Head Start on Tomorrow, Today
No, I’m not going to tell you to wake up early again I think I’ve driven that point home. What I mean by this routine is you want to make sure that you’re paying attention to what’s really important for you to do now and not putting that off till later.
Now it’s a natural human tendency to do that a lot of times once we know what’s going to be the most difficult problem we’ll put it off and try to do it another day and instead we’ll do a bunch of easy things today so that we can feel more productive. Don’t get it lulled into thinking this way.
Be really honest with yourself about what needs to get done, be optimistic that you can do it, and then prioritize the difficult urgent tasks and do them first. This is also really important because you never know what tomorrow may brings. Maybe you’ll have even more time to work on that important project but maybe something will come up and you won’t be able to get to it. When you have time today, use it to the max. Get the most important work done and then move on to the small stuff.
5- Track Your Progress
Tracking your progress means keeping track of small wins along the way to big goals.
This is critical for two reasons:
- It helps you break down big goals into smaller tasks. Otherwise, big goals can be really intimidating and difficult to tackle.
- When you break down those big goals into small tasks and you track how much you do, you’ll feel that sense of accomplishment and rightly so even before you’ve reached those big goals.
This is something that a lot of entrepreneurs fail to do and that’s why they get discouraged. They’ll set a goal like they want to earn a hundred thousand dollars. Then, they’ll make sales but they’ll get impatient with themselves because a few sales isn’t a hundred thousand dollars. It’s really important to keep your attitude up especially when you’re starting out.
To do that, track the small wins that are going to help you get to those big wins. There’s also a practical side to this habit. When you get used to tracking your progress, you learn more and more, how long it takes you to do each task. That’s going to make it helpful to scale.
If you know how long it takes you to for example respond to customer emails you can more easily hire a virtual assistant and ask them to do the same thing, and you can more easily spot when someone is overcharging you for time. Because you’ll have done that task yourself and tracked it and you will know how much time that task should take.
6- Spend Time With Friends and Family
You may be a machine when it comes to building an e-commerce store, but none of us are machines through and through. We all depend on human connection to feel like we’re living a more full life. After all, a lot of us dream of having success so that we can support our friends and family and do whatever we want with them -go on vacations with them, spend more time with them and so on.
Stay connected to your friends and family even as you get more successful. Those are the kind of relationships that will keep you supported as things get really difficult, and they will get really difficult. The more success you have, the more you’ll depend on people close to you to be there for you when things get rough. They will be there for you if you get into the habit now of prioritizing those relationships and spending time with friends and family.
7- Separate Days for Business Tasks
This habit is kind of a combination of two ones that we just spoke of. We’ve already talked about setting aside time for routine. You can also set aside days where you focus just on business or you focus just on friends and family. Setting aside that time will help you to know when you can schedule things with loved ones and will also help you know when you need to turn off distractions and get stuff done.
Decide now, which days you’re going to set aside next week to get stuff done, and decide now which day you won’t work next week in order to grow and spend time with loved ones.
8- Keep Learning
Bill Gates says he reads up to 50 books a year, and Warren Buffett reads between five and six hours a day. Now, I know we’re not living off the interest of our investment portfolios and we don’t have 5 to 6 hours a day to read, but that doesn’t mean you can’t fit a little bit of reading every day.
Reading helps you learn and continuing to learn is imperative for your personal and financial success. Besides, there is nothing to lose from reading and learning more. There’s literally no better way to spend your time growing and expanding your mind.
Remember that no one is born an entrepreneur, and reading and learning will help aid you and give you the tools you need to grow and become that successful business owner that you’re destined to be. Whether you fit in 5 minutes of read, or 20, or 60 is totally up to you. Just do me one favor if you apply any of the habits we talked about today, make it reading.
I hope this list has been helpful to you and if you’re starting out on your entrepreneurship journey, leave me a comment and let me know which habit you find has been most critical to your success. If I left a habit off this list, please share. Personally I’m a habit junkie and I love hearing about what other people do every day to make them more successful. Thanks for reading.
Muammer is a Marketing Analytics Manager at Turkcell. His mission is to empower entrepreneurs and to help them achieve their goals. He also has a passion for illustration.