September 18, 2017

6 Entrepreneur Habits You Need To Adopt Today

Breakdown your goals

Having a big shiny goal is great, but without a plan to get there you’re going to be stuck wandering. Here’s what you do. Take your big business goal and break that down into manageable chunks. Say for example you’re chasing $240,000 yearly recurring revenue.

Break that down into $20,000 monthly recurring revenue. And $5,000 weekly recurring revenue.  Now, what does that translate that too regarding product sales or service sales? If every client is worth $1,000, then you’re going to need to acquire 5 clients per week or one a day. It’s a lot easier to plan on this basis than it is to focus on your end goal.

Plan your day

So, you’ve got your daily goal. Now you need to plan what to do to achieve it. This is possibly the most-simple step yet the most effective habit. On a blank sheet of paper or on your to-do list app (I use Remember The Milk…it’s great!) write down the three most important things you need to do to achieve your goal? Now focus all your efforts on achieving those three things!

Timebox your emails

Emails can quickly spiral out of control if not kept in check. You need to become an email ninja if you’re going to blow up as an entrepreneur. Tim Ferriss is a huge advocate of powering through your emails quickly. The easiest way to do this is to use time boxing. To do this, set a fixed amount of time to tend to your email a few times a day. For example, I give myself 10 minutes in the morning, 10 minutes after lunch and 10 minutes at the end of the day. That way I spend no more than 30 minutes replying to email each day. If you find yourself taking more time than that, then it might be time to consider getting a virtual assistant.

Be Mindful

Between setting goals, answering emails and actually working it’s important to breathe and appreciate life. Remember when it’s all getting a little too crazy to step back. Take a deep breath. And reset.

Have the same breakfast each morning

Mark Zuckerberg is a huge believer in minimizing your daily decisions so you can focus on the important things. This clears your head and allows you to worry about the things that actually need to be done. Having the same (nutritional) breakfast each day sets you up to follow a good routine and minimizes stress in the morning.

Read!

Warren Buffett spends 80% of his day reading. Bill Gates reads 50 books per year. You need to be learning in order to grow. Check out the Goodreads entrepreneurship section for some inspiration!

 

Now that you know what the Branson’s, the Musk’s and the Cuban’s of the world are doing what are you going to do? Pick one habit and get onto it! You can do it. I believe in you. Share your results in the comments!

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