While the titles are often used interchangeably, there are differences between entrepreneurs and small business owners. Most entrepreneurs are small business owners, but not all small business owners are entrepreneurs. Entrepreneurs innovate; they create and they’re excited about finding a revenue stream that’s based largely on their passion. It may be easy for some entrepreneurs to be small business owners and follow a set scheme like franchising. However, while this is challenging and possibly lucrative, it isn’t quite the same thing.
Rather than focus on generic insights or basic hacks, we looked at unique, concrete habits you can immediately adopt in your life and business that can have a game-changing impact.
1. They Are Proactive
In today’s dynamic project management environment, entrepreneurs must follow a proactive approach instead of a reactive one to succeed. If you are waiting for things to happen, you will be left far behind in the race and will not be able to cope up with emerging challenges. Preparing for the future increases your chances of delivering better results.
2. They Are Goal Oriented
Whenever a successful project manager kicks off a project, they set their sights on the goal that keeps distractions at bay. Simply put, they are goal-oriented and so should you, especially if you want your projects to succeed. Larger projects are usually broken into smaller bits to make them more manageable. But in the process, you can easily lose sight of the common objective your team has to achieve because your focus is now on smaller objectives while the ultimate objective of the project takes a back seat. To ensure successful completion of projects, it is important that all your team members are moving in the same direction to achieve the common goal.
3. They’re usually early to rise.
This doesn’t mean night owls can’t be successful entrepreneurs, but it’s more likely to happen if you’re a morning person. The good news? You can train yourself to become one (and it usually comes with a side effect of better sleep routines and hygiene).
4. They prioritize making money
Passion projects have their own benefits, but if you don’t prioritize making money then you’re not an entrepreneur — you’re a hobbyist or artist. There’s no shame in wanting to make a decent living, and making the type and amount of living you dream of must be a part of your game plan. If it’s not, or if you let others shame you out of prioritizing this amount, your whole plan will be skewed.
5. They Focus on Solutions, Not Problems
Instead of discussing problems and indulging in blame game, successful entrepreneur divert all their energies towards finding solutions to problems. In fact, this quality helps them to succeed at all levels. Wasting time on whining about the problems and pointing fingers at others to pass on the blame will only aggravate the situation take you one-step closer to project failure.
6. They indulge themselves
Building in rewards on your path to success is not only a great motivator, but often by creating small goals along the path to the finish line, you actually gain momentum towards the end which is the exact opposite of how a race is typically won.
7. They’re intentional
Their actions are aligned with the intention behind their goal. This allows them to avoid being sidetracked along the way. Having a clear and specific intention allows your energy to flow.
8. They know their strengths and weaknesses
Use what you have and constantly be honing your strengths. Regularly address your weaknesses. Everyone can be improved upon, especially when it comes to business. This is no time for humility or burying the not-so-good.