TMS #035: Create Your Own Luck

Read time: 4 minutes

Being an entrepreneur is not easy, but it's a rewarding experience. You get to be your own boss and make your own rules. Yet, many challenges come with being an entrepreneur that may feel overwhelming.

This is why you need to adopt the habits of successful entrepreneurs if you want to succeed as one. Here are seven habits that all successful entrepreneurs have in common:

1. They are proactive and take action

Entrepreneurs don't wait for things to happen — they make things happen! This means taking action even when there isn't any clear direction or path forward. It means taking calculated risks when necessary. It means being proactive instead of reactive by setting goals for yourself and planning how to achieve them before taking action rather than reacting after something happens.

2. They are intentional about their time management

Time management is one of the most important skills you can learn as an entrepreneur.

It can be challenging to manage your time effectively, especially if you're working on many projects and have many responsibilities outside of work. But if you learn to rank tasks and manage your schedule, you can succeed as an entrepreneur.

If there's one thing successful entrepreneurs do differently than others, it's that they set goals for themselves and stick with them! You can determine how much time you spend on certain activities or tasks by setting goals and tracking progress towards those goals over time (just like any other habit). This allows you to make appropriate adjustments as needed to not only improve productivity, but also find ways to work around obstacles to the essential things in life, like happiness/fulfillment/love, etc.

3. They create a list of goals and rank them

Many young entrepreneurs have goals but don't write them down or rank them in any way. If that sounds like you, then it's time to get started! First things first: list all the things that are important to you at this stage in your life:

• Career and business goals

• Personal relationships (romantic and others)

• Hobbies

• Financial stability

Rank each item from 1 to 10 based on its importance to achieving happiness and fulfillment. Then keep this list where you can see it daily. It motivates you about what to do next and gives you an idea of how much work lies ahead to reach those big milestones.

4. They work hard and pursue their dreams

Hard work is the foundation of success. If you want to be successful, then you need to work hard.

Being an entrepreneur means working relentlessly towards your goals and dreams, no matter what life throws at you. It's not an easy road by any means. It can be not very encouraging at times. But if there's one thing successful entrepreneurs are good at, it's getting through tough times by focusing on their end goal: building something great.

I've found that the best way to stay motivated in tough times is to remember why I started this business in the first place: my passion for helping others achieve their goals!

5. They are flexible, not rigid, in their thinking and planning

In your business, it's essential to be flexible. You can't plan for every outcome and expect everything to go according to plan. If you think and plan too rigidly, you risk something unexpected happening that could undo all your hard work.

The best entrepreneurs know this. They are always willing to change their strategy as needed. They don't waste time on things that aren't working or worth their time and energy. Instead, they focus on what matters most: making money!

They keep looking for solutions when something doesn't work until they find something that works well enough. And then they keep repeating this process until they meet their goals without fail!

6. They stay accountable through self-monitoring and feedback mechanisms

Accountability is one of the most essential habits that successful entrepreneurs have. It's not enough to be motivated by your goals; you also need to check in regularly with yourself and make sure you're staying on track. For example, if you set out to write a book in 30 days, then every day at 4 pm, it's time to sit down and work on the book. No excuses!

That's why so many successful people hire coaches or mentors: These people can hold them accountable by giving them regular feedback on their progress (or lack thereof).

7. They understand the power of relationships

One of the most important things to remember when building a business is that you can't do it alone. It would help if you had other people, customers, clients, employees, and mentors.

Entrepreneurs with strong relationships are more successful than those without them!

A study by Wharton professor Adam Grant and Harvard Business School professor David Hofmann found that "the most effective leaders were those who had strong ties with others - especially those who help them see opportunities or solve problems."

This is because relationships help us build trust in each other to work together effectively as teams. Relationships also increase productivity by giving us access to new ideas and resources (such as funding) when needed. That means we spend less time worrying about where the next dollar will come from!

Conclusion

Now that you know the seven habits of successful entrepreneurs, it's time to put them into practice! Don't be afraid to fail or fall short of your goals; this is the only way we learn and grow. Remember, these habits won't make everything perfect overnight - they take time and effort on your part. But if you're willing to do what it takes (and who isn't?), then there is no limit on what kind of success could come your way!

Keep Evolving,

Christian Founder - MindtutorialFollow The Real Me on LinkedIn

Remember: You’re just one habit away!

TL;DR

Create Your Own Luck: The 7 Secret Habits of Successful Entrepreneurs That You Need to Adopt Today

1. Be proactive, take risks

2. Manage time, set goals

3. List and rank goals

4. Work hard, pursue dreams

5. Be flexible in planning

6. Self-monitor, seek feedback

7. Build strong relationships

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