Six golden habits of successful entrepreneurs

Habits form our lives. They are things that you do often and regularly, sometimes without knowing that you are doing them. Habits can provide a framework on which we build professional success and personal contentment. In a celebrity focused society we are often intrigued by the habits of others; celebrities, political figures and of course, here at the Catalyst Centre, successful and inspiring entrepreneurs fascinate us!

Here are some of the most interesting habits that characterise successful  entrepreneurs, which you may like to incorporate into your own daily professional life in a bid to join the super-successful!

1.Put your customers first

Innovative startups must consider their customers as the first priority. For example, entrepreneurs have to be able to see a need and respond to such need in order to develop a product for the customer. Twitter founders Evan Williams, Jack Dorsey and Biz Stone were more concerned with improving usability and responding to customer feedback than generating revenue in the crucial first years. As a result, Twitter built a world-changing communication platform which customers could easily use and connect with.

2. Not taking no for an answer

A successful entrepreneur learns to have confidence in their own ideas and business and not to be swayed by any naysayers around them. The best way forward when establishing a startup is not to take no as an answer. Serial entrepreneur Elon Musk is known for this, not allowing anyone to deter him from his path to success. By creating a clear vision towards goals you are more likely to succeed than those who have doubts.

3. Take one step further than everyone else

Entrepreneurs are the type of people who are willing to take risks and go one step further than anybody else in their career. As an early employee at Google, CEO of Yahoo, Marissa Mayer, once insisted that her team test 41 different shades of the colour blue when designing the search giant’s homepage. Furthermore, according to New York Magazine, Mayer can be dismissive of people who “want eight hours of sleep a night and three meals a day.” Whilst some may find her style daunting and intimidating, you cannot question how she has built her career on the basis of a commitment to high quality outputs and results.

4. Minimise low impact decision making

Facebook’s CEO Mark Zuckerberg focuses on the more important decisions and tasks during his day.  For example, he eliminates minor decisions which most people make daily such as what to wear. By wearing a simple pair of jeans and a hoodie everyday he saves crucial time. This mimics Steve Jobs, CEO of Apple, who wore jeans and his trademark black turtleneck jumper on a daily basis. By minimising energy and effort on low impact decisions it allows precious time to be spent more effectively on creative decisions which are crucial to driving your company forward, such as business development, marketing and responding to customer needs.

5. Adapt to new ideas

The harsh reality is that the majority of startup companies fail within a year.  However, the most successful entrepreneurs are those who are willing to adapt if their first attempt fails. Many successful businesses are the second, third or even fourth attempt by an entrepreneur who refuses to give up. For example, Payal Kadakia recognised her first company, Classtivity, was not working and so switched gears to create ClassPass which grew to hundreds of thousands of members in its first year. By accepting that she was heading down the wrong path she was able to find a better opportunity.

6. Interaction with customers and employees

The most successful entrepreneurs do not fit into the 9 to 5 mould. They see the need for new environments and experiences to get their creative insights flowing, and by doing this they are more visible to both their employees and their customers. Sir Richard Branson is highly visible not just to his employees but through by making himself available to his customers. By travelling on Virgin Atlantic and chatting with employees and customers he can respond to any issues and stumble across new ideas.

By combining these six habits and entrepreneurial traits into your daily life, we think you’ll be on the road to success. We’d love to expand on these ideas. What other habits do you feel are important for an entrepreneur to become successful?