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Entrepreneurship

5 habits of successful entrepreneurs

Aliko Dangote

Aliko Dangote: successful entrepreneur

 

“Good entrepreneurs make money. Great entrepreneurs make serious money. But truly successful entrepreneurs do more than make money. They make a difference not just to their balance sheets but also in the lives of their customers, employees and their communities.” – Jeff Haden

Beyond the figures and great ideas in a successful business, there are certain practices that help to achieve the desired results. In this article, we take a look at 5 habits of successful entrepreneurs. Take these habits, make them your own and you will be on your way to becoming a successful entrepreneur.

1. Visualising success

Successful entrepreneurs know the importance of picturing themselves succeed in their minds even before it happens in reality. They have a positive mind-set towards anything they set out to achieve. If you cannot do this, the chances are you will not be successful. For example, Oprah Winfrey -the media mogul rose from poverty to become one of the wealthiest and respected women in the world. She visualised the results she desired for herself from the beginning and allowed nothing to deter her in achieving it.

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2. Constant learning and improvement
You must have woken up one day, discovered something new and wished you knew it earlier. A successful entrepreneur knows that the world he operates in is dynamic and rapidly changing, therefore he makes an effort to learn new things and use feedback gotten from customers to improve his business.

3. Planning
Benjamin Franklin once said, “If you fail to plan, you are planning to fail.” Successful entrepreneurs recognise that the absence of proper planning can be detrimental to the health of a business. They know a bad step can break the business .Therefore, in order to deal with unforeseen possibilities that may arise; they plan for their business.

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4. Confidence
Without complete confidence to back your idea and the determination to do whatever it takes to achieve your goals, you are most likely not going to make it. Successful entrepreneurs approach every task and challenge with confidence in their ability to tackle and overcome it.

5. Self-Evaluation
A successful entrepreneur evaluates himself by constantly monitoring his progress towards achieving his goals. This allows you to stay motivated, and most importantly, spot any errors in your strategies before it gets bad. The co-founder of V.I.P Waste Services says that he asks himself this question every night before he sleeps, “If I live every day the same way I did today, what kind of future would that create?” By evaluating your actions towards your goals, you are able to keep track of what should be done to make tomorrow a better one.

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Start channelling these habits until they become a part of you. Acting successful will ultimately lead to being successful.

 

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