BY MS. ASHWINI ISHTE: 4 min read
What are the habits? Habits are nothing but a little steppingstone toward living a better life. Every entrepreneur who is successful today does not follow any hard-and-fast rules. The only thing that they do is focus on their daily habits.
As stated by author James Clear in his book Atomic Habit, “Habits are the compound interest of self-improvement.” Habits are a double-edged sword. Whatever the habit, it could either simplify or complicate your life.
The golden rule of being a successful entrepreneur is to analyze your old habits and replace them with new ones so, without further ado, let’s get to the habits of successful entrepreneurs that I am going to share with you.
Time management is a really tough task for beginners. How do you manage time? Which things should we do first and which should not?
1.Time management:
Everyone has their own way of doing time management, but the question is, how do successful entrepreneurs utilize their time for managing their daily tasks?
![Time management Ankur Warikoo- CEO of Nearbuy
Time management: Habits of successful entrepreneurs](https://wisdomhunting.com/wp-content/uploads/2022/10/1-4-1024x652.jpg)
Here’s step-by-step guidance how successful entrepreneurs manages time.
Step 1) Track your time:
Successful entrepreneurs analyze their time to see where they waste it and how much. Tracking your time and analyzing everything is the first step of time management.
Step 2) Do first thing first:
These people prioritize their daily tasks into urgent and important categories so that they can do urgent work before the deadline comes.
Successful entrepreneurs never take risks in the case of their work. They are disciplined.
Additionally, they respect and value not only their own but also others’ time.
Step 3) Avoid distractions:
Successful entrepreneurs invest their time in social media only for better purposes. These people are available on social media for promoting business and building professional connections.
They turn off their mobile notifications while working and decide on a specific time to give to social media.
To learn more in detail about how you can do time management by using different techniques, click here.
2.Reading:
The choices of books reveal a person’s inner self and thought process. Books never deceive when it comes to knowledge; each word has the power to heal and educate the reader.
Successful entrepreneurs read a lot of books in any kind of genre. These people not only read a book but also implement each and every lesson.
In one of his podcast interviews, Naval Raviant stated that he never picks up a new book to read until he has fully grasped the lessons from the previous one.
![Reading Bill Gate- Founder of Microsoft
Reading: Habits of successful entrepreneurs](https://wisdomhunting.com/wp-content/uploads/2022/10/2-1024x652.jpg)
Bill Gates is also an avid reader, and he posts book notes on his blog, Gates Notes.
Reading a complete book may seem tedious at first, but once you get started reading at least ten pages daily, you will notice a significant improvement in your life.
3. Learning mindset:
Having a learning mindset is the best quality of successful entrepreneurs. Prafull Billore, the founder of MBAchaiwala, developed the habit of constantly learning from everything. He says you can learn anything from anyone at any time if you have a learning mindset.
Constantly learning, observing things, and upskilling by using the power of the Internet make you extraordinary.
![Learning mindset Prafull Billore - Founder of MBA CHAIWALA
Learning mindset: Habits of successful entrepreneurs](https://wisdomhunting.com/wp-content/uploads/2022/10/3-1024x652.jpg)
4. Networking:
We’ve all heard the saying, “Your network is your net worth,” but the thing that sets successful entrepreneurs apart from the rest of us is that they truly understand the value of networking.
Building a network not only supports your growth but also the growth of others. Networking is not all about collecting contacts but creating trustworthy relationships.
![Networking Porter Gale: Entrepreneur
Networking: Habits of successful entrepreneurs](https://wisdomhunting.com/wp-content/uploads/2022/10/8-1-1024x652.jpg)
Here’s how successful people build networks:
Step 1) Social connections:
The easiest way to engage with one another professionally is through social media. The first step in networking is understanding other people’s needs and assisting.
Successful entrepreneurs use social media to connect with people from all over the world. It’s the best way to reach out to people whose interests are the same as yours.
LinkedIn is the number one platform to build networks and opportunities.
Step 2) Keep in touch:
Whether it is a personal relationship or a professional one, trust is crucial in networking, so meeting up with people personally offers you a strong sense of trust.
It is not necessary that you have to connect with people only to build your business. You can connect people by interacting on different topics other than business and opportunities.
Step 3) Ask questions:
In order to establish the strongest network, ask others for their opinions or suggestions. Successful businesspeople have a habit of asking questions to improve their understanding and adopt new perspectives.
5. Team management:
Building a team is simple but keeping it together for an extended length of time is challenging since people always depart.
Successful entrepreneurs develop trust among people before establishing a team. They consider everyone’s opinion while making any major decision. They treat others not just as employees but as the pillars of the organization.
These people identify the needs of the employees of an organization and fulfil them. They make sure that the atmosphere of the organization is welcoming and comfortable or not.
![Team management Steve Jobs - Founder of Apple
Team management: Habits of successful entrepreneurs](https://wisdomhunting.com/wp-content/uploads/2022/10/5-1024x652.jpg)
6. Self-care activities:
Self-care activities are sometimes seen as monotonous, such as waking up early to practice yoga, exercise, and meditate for hours, but successful businesspeople devote the majority of their schedule time to taking care of themselves.
If your morning is good, your whole day will be good because your whole day depends on your morning. Doing exercise and meditation for just 30 minutes each day as per your body’s needs makes a huge difference in your life.
![Self-care activities Ranveer Allahbadia - Founder of BeerBiceps Pvt Ltd
Self-care activities: Habits of successful entrepreneurs](https://wisdomhunting.com/wp-content/uploads/2022/10/4-1024x652.jpg)
7.Consistency:
The key to being a successful entrepreneur is consistency. You must be committed to your work to be consistent in your behavior.
Every day we wake up with challenges, but if you are persistent in your work despite life challenges, it will become your habit and, ultimately, you may achieve everything that you want from life.
![Consistency Raj Shamani- CEO of Figuring Out Academy
Consistency: Habits of successful entrepreneurs](https://wisdomhunting.com/wp-content/uploads/2022/10/7-1-1024x652.jpg)
8. Set long-term goals:
Businesspeople clarify their whys before setting goals. Taking baby steps for a long-term vision is essential. You cannot land your flight until you have chosen your destination, and to do so, you must first understand why you want to get there.
Similarly, if your reason for doing anything is strong enough, nothing can stop you from achieving your goals.
Sandeep Maheshwari, the founder of ImagesBazar.com, has a strong and clear vision. He is dedicated and diligent about his long-term goals.
![Set long-term goals Sandeep Maheshwari - Founder of ImagesBazaar
Set long-term goal: Habits of successful entrepreneurs](https://wisdomhunting.com/wp-content/uploads/2022/10/6-1024x652.jpg)
9. Planning:
There’s a saying, “He who fails to plan is planning to fail.” Although they might not always have perfect plans, successful entrepreneurs are strong enough to get back up after a setback.
These people always have a backup plan in case of failure rather than staying stuck in one place.
To be good at planning, mind mapping is the best method you can use to break down your long-term visions into branches of small goals.
![Planning Reid Hoffman - Founder of LinkedIn
Planning: Habits of successful entrepreneurs](https://wisdomhunting.com/wp-content/uploads/2022/10/9-1-1024x652.jpg)
10. Money management:
Successful people are good at money management. Warren Buffet is the world’s number one investor. These people are not focusing on their spending; they focus more on investments.
They all have many ways to make money and ways to invest, including the stock market, mutual funds, and real estate. Some people invest in new businesses and startups.
However, before investing, successful entrepreneurs’ research everything about the investments. Everybody earns money through their unique strategies.
To learn more about investing, sign up now on the Grow app, one of India’s fastest-growing investment platforms.
![Money management Warren Buffett- CEO of Berkshire Hathaway
Money management: Habits of successful entrepreneurs](https://wisdomhunting.com/wp-content/uploads/2022/10/10-1024x652.jpg)