10 Things All Successful Entrepreneurs Must Do
If entrepreneurship were easy, everyone would be doing it. Therefore, many entrepreneurs have a hard time reaching their goals, and not just because of the performance of their companies. When you own a business, you often have to be your own cheerleader, all while cheering on your team, wearing multiple hats, and sometimes getting paid next to nothing while juggling it all. It is not an easy job in the beginning.
I would know! I am the owner and Editor-in-Chief of Miss Millennia Magazine — an online haven for women in their 20's and 30's to learn all they need to know about transitioning from college life into adulthood. While I currently have the privilege of calling Miss Millennia my full-time gig, it took me four years of learning, struggling, and creating processes to get to where I am now. Currently, we have a team of eight people and we have written over 2,000 articles regarding this topic. I have my 10 practices below to thank for our success.
Tell yourself "You can do this!"
This is one of the most important things you have to do as an entrepreneur. Since you have to keep the rest of your team motivated, you have to be enthusiastic and positive. You cannot fake this. If you look scared or unconvincing, your team will pick up on that. So you have to believe it yourself. There are many ways to make sure you have this motivation daily. A few things I like to do to stay motivated include:
Read Inspirational Books: This one is my absolute favorite since I am all about listening to a book a week on Audible to make myself better. A few of my favorites to listen to for entrepreneurs include The Four Hour Week by Tim Ferris, From Good to Great by Jim Collins, and Delivering Happiness by Tony Shei.
Exercise: In case you were wondering, this is what all the successful entrepreneurs do at 5 a.m. There is no better way to give yourself an ego boost than to get up early and exercise before most people get out of bed. This is a great way to not only take charge of your day, but also to plan for it.
Read an Inspirational Quote a Day: This one is cool because sometimes that is all you need. I search for some online and write them in my journal daily to lead what my entry will be about. This is a great way to start the day off motivated.
Set a “Daily Goal”
This is so important since as I mentioned, entrepreneurs are often pulled in several different directions on a daily basis. If you do not have a plan or goal for the day, then you may not finish anything.
Something else to keep in mind when creating your goal every day is to keep it short. You cannot plan too many items for the day, because there will be other things in the day you were not planning for that you are going to have to do.
So set a goal, get it done early in the day when you are more focused and work down your list with every item you do next being less important than the item before it. And just be prepared to take on the challenges of the day you were not expecting.
A dollar a day is better than no dollar a day.
So before I even get into this mantra, I want to point out that my business was not earning any consistent revenue until I started setting monthly monetary goals for income. If you want to earn more money, set a goal for how much you want to make, then make a plan for how you are going to get it.
With that said, keep in mind that a dollar a day is better than no dollar that day. There are some days on Miss Millennia where we make a few thousand dollars, and there are other days where we don't make a dime. When I was just getting started with my site, I would always hear snark remarks from people who questioned me working on my site part-time when I "wasn't making that much money."
For the people around you who have an opinion about what you are doing, and they are not doing it themselves, forget them. So what if you only made 50 cents today? That is more than that person made online today, so ignore what they say! If 50 cents is less than you made before or less than what you were expecting to make, then it's time to go to your numbers and your plan and figure out what you can do to increase that number.
You are doing what many are too afraid to do.
So another note about the haters out there who have an opinion about your business … You have already done one of the most difficult steps there is when it comes to being an entrepreneur. You took the first step and you are working your butt off to make it a success.
So on those days where you are panicking because you really didn't make a dime that day, you are still much more brave than the person who did not even give it a shot. Don't forget that.
What can you do this month to grow your business?
This is one item I probably spend the most time on. I write a list of problems with my business. This list can vary from not having enough subscribers, not having enough traffic, not making enough from sponsored opportunities, etc.
Every day, I spend a little time finding one or two solutions to a certain problem. For example, one of these tasks for me includes finding new media companies to work with so we can get more sponsored articles on our site. Make sure you are spending time doing this as opposed to spending all your time working in your business.
Are you using your time wisely?
Speaking of time management, are you doing any tasks you should not be doing? What am I saying? Of course you are! You're an entrepreneur, aren't you? See what items you can eliminate doing yourself and hire an intern or a freelancer to do it for you. A great book to read about hiring freelancers is called Virtual Freedom by Chris Ducker.
What are your financial numbers today?
Full disclosure, I am not the most financially savvy person out there, but I do make a point to check my financial numbers daily. I am looking at reports in our sponsored campaigns, our income we're earning from our traffic, and recording any income we are paid, and income we will earn once our content is turned in.
I do a more thorough inspection of our finances at the end of the month, but for daily checks, it's just to make sure nothing funny is going on.
How many people will your business help?
People start businesses to solve a problem or fulfill a want or need. Focus on your audience and what their needs are.
Is the content you are writing still on par with what they want to read? Do you have good customer service practices? Or are you getting a lot of complaints?
Keep your audience in mind when making big changes to your site so you do not make a huge mistake.
Are you pulling your weight?
Yes, even if you are the boss, you should be pulling your weight. Are you getting through most of your list most days? Are you turning things in to your clients when you said you would?
Since you do not have anyone above you making sure you are doing your job, you have to be able to do this for yourself.
What are you grateful for?
This is something to remember on the days when everything seems to be going wrong and you have not earned as much as you’d hoped. You still have so much to be grateful for. So do not lose focus on that. Take time to say or write down what you are grateful for each day.
It is not easy running your own business, but many people do it, and many people are successful at it. So if they can do it, so can you!
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