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8 habits of most successful business owners



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8 habits of most successful business owners

When you talk to a successful business owner, they will tell you that it's not something you can buy, it's acquired through hard work and determination.  Success comes over time, it's not something that shows up soon after you started, so you'll need to keep working throughout the downtime to get to the successful part of your career quicker than most people.  You'll need to work day, noon, and night in order to see your efforts show some profits, so read through this discussion and get to work.

To be seen as a leader in your own industry, you need to have a specific set of habits in order for others to see find you and to have the deem you the authority within your niche.  Eventually, these habits will become a part of your routine each and every day, but in the beginning, they could seem tedious and a burden, but you'll have to power through those moments because the end results are what you'll be targeting.


8 habits of most successful business owners


They read often
A successful person is usually reading every day, or at least 3 times a week because reading helps you learn what you don't already know or hit boosts your knowledge of a topic you're already familiar with.  Reading helps you gain knowledge, which increases your intelligence over time, but it also helps relieve stress and grows your vocabulary along the way.  This can carry over to your writing skills since you know more words and aren't as stressed, and your content will become stronger and more enjoyable by your readers.

Reading expands your imagination as well, because each novel is a storybook in a way, and gets your mind to create how a character looks and acts as the words are being read.  Not everyone likes reading, I didn't for a while when I was younger, but that probably means you haven't found the right book that pulls you in. 

Don't avoid challenging tasks
Successful leaders don't avoid a challenging task, they welcome them, and each task is taken care of.  This can be anything from fixing an email function to boosting your sales from a social media platform.  Anything that isn't performing just right with your business can be seen as a challenge, and you can't put that off for a later time because successful people don't do that.

If you have a team of people who can help with this, that's great, but you should be in there with them trying to fix the problem.  Your employees or team will see you working with them and the overall morale will be boosted because the troops general is going into battle alongside them and not stopping until you win 8 habits of most successful business owners

Focus on your own health
Great leaders aren't ones that are breaking a bone each month or eating unhealthy all of the time.  If you're a daredevil and like to jump off of stuff, maybe you should think before you leap, because you'll be showing you're not as bright as you want to be seen.  If you're always eating fast food and not working out, you won't be in shape at all and that could actually cause you to be in the hospital for clogged arteries, or a heart attack, which could actually kill you.

Your emotional health is important as well.  You need to be sure you're not stressed out during the day because that could kill your motivation as well as your employee's motivation as well.  You never realize how much your emotions will push your team to be better or bog them down and not want to do any of the work they're supposed to.

Learn from others
Successful people will always watch what others are doing, and they will take notes, just to be sure they don't fall into any traps online or offline and waste money or time.  You could monitor your friends, family, competitors, or even your employees and see what they're doing so you know if it's going to work for yourself or if it's a bad idea to invest time into.

Plan the following day before you go to bed
I've actually adopted this method around 2 years ago and can confirm that it works extremely well.  What I'll do is shut down my laptop for the night and bust out the pen and paper.  Yeah, I still use the pen and notebook to plan my next day lol 8 habits of most successful business owners  I use to type out my next days activities in a notepad file but I would forget to check it when I started working, and I would usually get off track, so I started using a pen and piece of paper then leave it next to my laptop to look at and check off as I completed a task.

Always iron out your goals
When you're working on something that takes a few months or years to finish, you'll want to constantly iron out the kinks in your plan to make it better over time.  You may think you're working with the best plan available, but you will never be able to factor in any industry changes when you first write up your plan.   This means your plan will change slightly, or even drastically, and you'll need to alter it over time as needed.

If you can master this, you will stay relevant with everyone online, and you will be more successful over time.

Always take action
We all feel more comfortable when an action seems "safe" because we're usually more familiar with how everything works.  Everything seems more predictable and you aren't afraid of taking action because you know what to expect.  As for something that's unfamiliar, you will still need to take action because it still pertains to your business and needs attention. 

When you fear something because it will change your business, or you just aren't familiar with the process, you still have to attack it and slay the problem or task.  If you put off this hurdle, you will begin to hit some walls later on when you're trying to push your business towards success.

Understand your "Why" and push towards success
If you don't understand why you're doing something, you likely don't have much direction in your business model.  You will need to figure out your "Why" and strive towards being successful.  You may be busy with a ton of work each day, but if you don't know why you're doing it in the first place, why are you doing it at all?  Most of us are just trying to make a living online, and our "Why" is to make money online and pay our bills without having to get a day job, but your "Why" could be to get noticed and get hired by a company in your area.  Everyones "why" is slightly different, even if you have a similar end goal, so figure it out and always remind yourself WHY you're working in the first place 8 habits of most successful business owners


In conclusion
Successful people have all of these 8 habits or traits, and they focus on them each and every day.  If you can do the same as them and mimic their actions, habits, and traits you'll see success coming for you sooner in your career which is a great thing to experience 8 habits of most successful business owners  If you don't want to be successful, you likely haven't gotten down this far in my discussion and aren't even reading this 8 habits of most successful business owners


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Thanks!

Tommy Carey

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overcast

I think business men are more likely to get the work done and focus on the new trends. So they pay attention to the new trends. That seems to be working for many. I have seen some of the business owner making use of the concept. And that is working out for them. I think on that note I'd say they try to learn the cashflow through trends.



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Everett

I am not sure how trends fall into the habits category, but if you mean making it a habit to check trends this could help you advance your predictions for the future of your business ventures. So in essence, yes, this could be a good habit to have.



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overcast

Yes sort of like paying attention to the news for trends. Or say like watching the news and newspaper to see what can be sold etc. I guess those are the things business owners are looking at. And they are doing the business based on those trends. Depending on if that is trendy.



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Corzhens

The trend in business should always be observed otherwise your business will be left behind. During our trip in South Korea, we found out that the country is focused on the younger generation that most of their products are geared for the young. There is also a tall building of Lotte which caters exclusively to the needs of the youngsters from clothing to shoes and up to personal accessories.



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overcast

Yes there are some less trendy business like transport, food and medicine. But even those industries goes through the change. And that has been helping many people over the years. I'd say on that note you can see that it is not easy to form a successful business. I'd say instead it can be good enough to work on trendy business if traditional does not work out.



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Martinsx1

These are great points that you discussed here in this article and I completely agree with you on all of them but you forgot to add the firing pin point to success in the article which is "PERSISTENCE".

This is the key to success of any business individual because challenges are bound to be inherent in all business set up but its the quality of persistence that drives one towards being successful.



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Barida

In as much as I feel that being persistent will help some business owners to succeed, it is not a general yardstick for every owner that is keen to go higher. The thing with persisting on following a certain path in business is that you may get to that stage where you need to adjust and no matter what we do, that need to adjust is very important in order for us to achieve the desired success we seek.



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Martinsx1

Adjustments and persistence are two different concepts when it comes to applying them in any business field. You can adjust and persist or persist and adjust whichever way it works for you but it's important to know that they aren't the same thing. Persistence is what hands you a breakthrough when things seems impossible and everyone else is quitting.



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Everett

I think a great habit to have is a habit of doing tasks certain times of the day. For instance, here is my online business habits:

- Wake up and make coffee, turn on laptop and check email, after email is checked (I have like 5 different emails to check on a daily basis -- it's very time consuming)
- Around lunch time (between 11am-2pm) make lunch (of course, duh) and then get back to work programming, creating content, replying to clients, etc
- Around dinner time I do not do any work and focus my time on my partner and the dinner experience and just enjoy that.
- After dinner I will check email again, do work as needed (usually on a request basis) and then go to sleep.

This is my general schedule of everyday, and my work day lasts around 12 hours (since I work from home mostly I don't care about long hours). However, with all that being said having a schedule helps you out a lot. When I was in my younger days of working online, I did not really have a schedule and would just do whatever whenever I wanted to. It resulted in poor decisions, and eventually it actually costed me a commission online job that was actually meaningful. So from then on I decided to actually treat my work as I would a day job, and stick to a business type of schedule. From that moment on my success grew and grew and I believe this is due to habits.



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Martinsx1

I must confess that reading through your daily schedule plan, it looks pretty amazing and well cut out. I think I'm going to copy some part of it and tweak it into my own daily routine to have a perfect days schedule plan on how to take care of my day's programs. Although I would like to add that before going to bed at night, I try to set a time table on what to likely attend to first in the morning the moment I wake up.



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Judas2018

My greatest habit is probably obsession. I am always thinking about new ways to advertise, expand, grow and market my services.



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Martinsx1

Obsession can come in both positive and negative mode, so it's all on you to find a way to be in the line of positive obsession about something that you love doing which is probably a business or anything that fetches you money and you would see all your efforts in it serve as a gasoline to fire.



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Judas2018

I agree. Obsession is a good thing when controlled and weaponized the right way. Once it begins to stray out of your influence however that's when it can become an issue. Luckily for me, I know when to turn it off and on.



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AmieBotella

In short, always be planning ahead of everything.

I'd like to make an emphasis on the third habit which is "Focus on your health". A lot of people really do neglect their health and eventually most of the earnings they accumulate just comes down to medical bills and other health related stuffs. I think we all have to always remind ourselves that health is wealth. Above everything else, it is us who should take care of our bodies because we may have all the money in the world but we can never really buy a good, healthy body and mind.



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treecko142

I very much agree with planning ahead and ironing out your goals. You need to set your goals first for yourself, and make it realistic, so that you will be able to plan each day of your work towards achieving the goal that you have set.While it helps to be ambitious, you also have to be aware of your limits so that you're expectations are not too high and just manageable.



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TheArticulate

Absolutely, goals are incredibly important in any business! If you're not setting goals for yourself and evaluating your progress regularly, I don't think you can figure out if you're actually growing as a business, nor are you able to determine if you're actually performing well financially.

Goals are a great way to keep yourself pushing forward too. Making sure you're meeting those marks, those monthly quotas be it revenue, clients reached, or gigs booked.



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Corzhens

I agree with reading often. When I was in grade school, our class adviser had been telling us to read. Imagine, telling a child to read the newspaper? But when I grew up, I realized that there is a big advantage when you are a reader. You get to know the news, you get to learn things and you also get to enjoy stories. When I attended a writing seminar, the lecturer said that you have to read in order to have some input. I guess he is write for what can you output when there is no input?



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treecko142

Yeah, reading helps broaden your horizons, and even the most trivial things you read can prove to be useful later on in your career. You can even use whatever you have read to have a conversation with your customers regarding their interests which is essentially building rapport.



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vinaya

I do most of these things. sadly I am not a successful business owner. LOL
You need to acquiring knowledge and skills and work hard to achieve something, however, having knowledge, skills and working hard does not ensure that you become successful. Everyone has his/her own understanding of how to become successful, $howeve,r even if you apply all of these, there is no guarantee that you will become successful.



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overcast

I think success is a relative term. We can do what successful people do but at the end there needs to be customer who pays for what we are selling. Otherwise there is no business and hence no success. So it all depends on other variables as well.



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Martinsx1

You are absolutely correct, it doesn't really have to be a business venture that one sets up and be doing well in it before it's considered being successful. It can literally be anything which one engages in and actually turned out to be very good at, this is regarded as a complete success in my book. My mentor actually told me that the one very thing that is common with all successful people in this life is that they always do what they love always.



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overcast

Yes passion plays an important role. But it also depends on how the people are spending their time selling something. You have to sell something to earn money. That's what majority of people do for the successful business.



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Martinsx1

Of course yes, money doesn't fall from the tree or like manner fell in the days of the Israelites in the wilderness. One would definitely have to strive to make both ends meet and if it involves selling products and services, such individual must take up such mantle and become a successful individual.



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overcast

Yes. And the thing with passion is that when you don't chase money your passion falls short. And when you do chase money passion has a limitation. So it depends on how you manage the passion and money the right way at the same time. That's how it works.



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aeon

That's right, It's looks like easy to become businessman right? But all of that things or qualification are nothing if the businessman don't know how to communicate well to all of the employee's or workers. A god businessman should also know how to become a leader to all the employee's and not just a boss. They should know the value of every worker's in the company and should understand their situation also.



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Kakashi2020

What you say is true and correct. Those traits does help makes a business owner attain success. But in big business's I've worked in, you have to include Greed, Ruthlessness, Glaring Ambition, Unfair Practice, Monopoly and Tax Evasion.



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TheArticulate

Woah, you took that from 0 to 100 really fast. What happened in your employment that you think tax evasion, unfair practice, ruthlessness and greed make a successful business owner? If anything, I think tax evasion makes a pretty poor business owner, because I don't know of very many who actually get away with it.

To be honest, your descriptives would be the makings of a pretty poor business owner, in my opinion.



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Kakashi2020

Honestly I said that based on my knowledge of how big businesses in our country are being run. I used to work in several of them for 2 decades as part of management. Sadly that's the way it is here in the Philippines it's because of corruption in the government that led to abuses of big businesses. I know in First World countries this kind of abuse is not tolerated but here it remains a part of daily life.



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TheArticulate

Absolutely, and don't get me wrong, there's definitely corruption in the U.S. as well on the corporate and government level. However, I guess we're lucky in that we do have laws in place that prevent these large corporations from abusing us as employees too much.

You'll see it all the time, corporations will make large donations to politicians in order to "buy them" and persuade them to make legislative decisions that will affect the businesses in a positive way, even if it's not something the consumer wants. That sort of stuff.

Anyway, I always look at business owners who are kind, fair, and passionate about what they do to be good business owners.



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hazelandrea

A business will always have its ups and downs but what matters more is how the entrepreneur reacts to those situations. A strong mind and a strong will to succeed will be a great factor in determining what will happen to the business. And in those troubles, the entrepreneur must remain tactful and strategic.



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edencaga

I agree with your post. You should have determination to reach your goal and if you have determination you will eventually reach your goal after a long long journey. It may take long years but it is worth the wait if you are really optimistic.. Even if you failed so many times, still don't give up on your dreams. Just always remember that every failure, it serves as a lesson and a learning stage. If you learn from your failures, there's no possibility that you will be more determine and positive because you already know how to handle the things and you already know how to work the flow of your business which was not present in your previous business. I should tell you this, you have to believe in yourself that you will be able to make it to the top,reach your goal. Business entrepreneurs should also avoid negative thoughts and not overly used your heart over your mind. Sometimes being so good to your employees will abuse your kindness like my mother. She has a small business but she gives credits to consumers particularly security guards because they made a contract with the Security guard's agency and that agency will pay them back that will subtract to their salary but the security guards became abusive to my mother's kindness.

So you must have a strong heart and a strong mind meaning, you should be more strict to your employees but not too much. Just give them restrictions and limitations. You should also plan the location of your business so that your target market will notice your shop or business. It's very important to write the lists of your total investments in your business.



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TheArticulate

I think learning from others is a huge step for a good business owner. There's a wealth of knowledge out there, and there's probably always going to be someone who knows more about any given topic than you. That's why it's important to embrace the idea that there's always something you can learn, and devote your time to learning from others whenever the opportunity provides itself.

I've found that in my current career, I'm at the top of the ladder knowledge-wise at my place of employment. I am the video and photography person, and there's nobody for me to look up to. I know more than the average person when it comes to these topics, but there's still so much for me to learn, and I'd be able to grow so much more if there were someone or some people that I could work with as mentors.



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Rumu

These are very good tips for a person to exercise every now and then, they should in some ways aid in the quest for being more organised rather than getting successfully rich.

Reading all the time, ironing your set goals and planning today ahead of tomorrow are probably the best points mentioned in the post. What is knowledge without reading? And how else to execute such knowledge without putting it into plan? If a person can achieve or work in line with these tips, I believe success is just a mile not too far.



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esteban123

I really believe in the power of reading in order to be successful in business because you will really learned a lot from reading. You will know the latest trends in the market and the best strategy in doing a business. It is one of the primary tools in setting success for our business. One must be mindful for the knowledge that he/she can get from reading magazines, book and so on since competition is a continuous process that everyone should be willing to deal with.



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jeffreyjose48

Thanks for all your tips. I believe that God gives us the power to get wealth. God can supply all our needs though His riches in glory.



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cmoneyspinner

The operative word is “habit”. Lots of people do the things listed but not consistently, persistently and with determination. On a popular MTV program, they call these kinds of people “driven”. Show me a successful who isn't driven. The things they do become "second nature" to them or a habit!



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