5 Habits of Highly Effective Entrepreneurs

Do you want to know what separates the top 1% of entrepreneurs from everyone else?

It's not luck and it has nothing to do with which school you go to. The difference is that they have better habits, and while success is much more complicated than could ever be explained in a short blog post, these key habits are the most common behaviors of highly successful entrepreneurs:

Take care of your mental health.

Do you ever feel like giving up? It's OK, we all do. I know I've had my share of struggles, and while it would be easy to succumb to the pressure and take a path of least resistance I will never forget what my coach told me: "The people who succeed are those who win in their mind first."

It's important to take time out of your day and make an effort to meditate or discipline your body by doing some physical activity. Even though it may seem like a luxury, I promise that if you can commit a few hours a week to relax, unwind, and clear your mind for a winner's attitude.

Don't compare yourself to others in the industry.

We all struggle on our way to the top, and while it may seem like you're in a competition, there really isn't one. Take each day at a time and focus on your own business - not other people's. Focus on your own strengths and what you're good at, and figure out a way to make that work for you. This doesn't mean to be fully ignorant of other businesses, but rather leverage other people's successes as inspiration.

Get a mentor or coach who can lend an ear and guide you big decisions and tough times.

Alternatively, join a coach-driven community where you'll have access to coaches who coach other entrepreneurs and can give you honest advice on what's working for them or not so much. Find the right coach that will be invested in your success by asking these questions:

  1. Has this person been in my shoes? Be wary of coach that haven't been in or done what it is that you're doing. They need to be able to empathize and coach effectively for this relationship to work out.

  2. What is their methodology? You want a coach that is thoughtful and organized in their thinking for business standup and key decisions. You don't want a coach who will coach you haphazardly.

  3. What is their level of availability? The coach you choose should be available and willing to coach via text, video call, or in person if needed. Coach should also share how they prefer to communicate best at the first meeting.

Create a plan before taking any action.

If it's not written down, it will never happen, or it won't happen well. Writing down a plan helps you visualize what you need to do and will help keep you on track. A coach can help with this process, but a coach is not required. Take the time to articulate your long-term vision and then break that down into actionable steps. Don't feel like you have to create actionable steps end-to-end, just focus on your most immediate next steps. I like to say that I may not know exactly what my 20th step is, but I just need to always know what my next two steps are.

If you know what your next two steps are, you will more than likely stay focused on the right things at the right time.

Stay organized.

This is one of the most important habits to follow (whether you coach yourself or have a coach). It can be easy to get lost in your business and forget what needs to be done. If you are not organized, you and your team will suffer. Even if it's just an Excel spreadsheet with columns for task, due date and who to inform, you will be way ahead of others who don't have anything organized. If you do the work and can show what needs to be done, then others will want to help you get it done. This is one of the first things I coach business owners on -- to stay organized. Start small and free, but get organized.

The five steps above are the most com mon reasons why entrepreneurs succeed. It's important to note that we all have different ways of interpreting what success is for us, so if you follow these steps and still don't feel successful, then it is time to reevaluate how you define success.