7 Key Qualities To Be An Effective Entrepreneur

Author Article

7 Key Qualities To Be An Effective Entrepreneur

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Dushyant Jani
Founder & CEO, Mobclixs Technologies
4 min read
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The fast-expanding and evolving physical and, safe to say today, the digital world has left one little time to contemplate. Ideas are brainstormed upon overnight and plans are put into place in a matter of only a few minutes. In such a dynamic and fast-paced setting, the entrepreneurial world today also demands leaders who can think on their feet, act wisely and more importantly, deliver results while trying to play a dozen balls in their court at the same time. With an ever-evolving market, where the expected number of mobile Internet users in 2020 is 740mn, there is a lot of scope for growth for various players offering a plethora of services.

Having to thus keep up with fast-paced innovations and inventions, entrepreneurs and leaders must practise methods to be effective in order to sustain in a competitive environment. Even though the entrepreneurial industry has seen a dramatic change, key qualities of being an effective entrepreneur and leader will still never fade away:

Passion & Determination

Without passion, grit and determination there is no finding your destination. The right attitude and an optimistic state of mind will help one overcome the millions of hurdles that one faces. Passion is the sole trait that helps in the achievement of long-term entrepreneurial goals. Leaders today, no matter at what hierarchy level, are found to be more enterprising if they have a vision and the passion to build it. This also instils confidence among other peers and team members.

Risk Taker

No entrepreneur or leader is known to have succeeded without a pinch of risk-taking abilities. One needs to constantly experiment and devise new methods of functioning to arrive at optimum results. ‘Leaders’ are also ‘learners’ on the job and the more risks one takes, the more will one learn.  This could be as simple as suggesting a new process at work or suggesting a new mandate at a more serious, board room meeting set-up. So, what if an idea fails? At least you now know the best way to expedite the task in question.

Decision Making Capabilities

A fast-changing world today definitely demands leaders who can act proactively. Gone are the days when one had to liaise with ten others to arrive at a solution. Today, from entrepreneurs to project heads, all leaders are assigned sole responsibility for an entire task and are expected to come up with efficient and effective action plans. While there is room for mistakes, there isn’t room for an individual who needs to run every little detail of his/her decisions by a counterpart. Companies are also now scouting for problem solvers.

Good Communicator

The secret to being a successful leader lies solely in one’s communication skills. This does not only involve oratory expertise but also requires know-how of understanding a brief or an idea and then further explaining it to peers. Nobody wants leaders who are not well equipped to comprehend situations and create confusion. You can be great at what you do, but if you can’t communicate effectively with your stakeholders you will not sustain in the industry.

Delegation and Empowerment

In order to maximise outputs, an effective leader will always delegate tasks based on priority. This empowers other subordinates as they are entrusted with greater responsibility and at the same time lowers the pressure on the leader; making him/her efficient. With an effective delegation of work, time is also saved which is significant for entrepreneurs and leaders today.

Creativity and Innovation

To survive in the dynamic world, effective leaders need to possess entrepreneurial qualities of creativity and innovation. There will always be new technologies invented, new products created, and new processes introduced. To keep abreast with these constant changes, leaders themselves need to re-create and re-invent themselves. Lack of proficiency in adapting to changes leads to poor career progression.

Empathy and Social Skills

Successful leaders are those that ensure that the workplace is fun and favourable. Without empathy, an entrepreneur cannot reach the hearts of employees nor the success he desires. Social skills like relationship building activities, team strategy formation and creation of a great team force ensure great outputs. Hence, in order for the organisation to truly flourish, this quality becomes essential.

Lastly, leaders are not created in a day. After days of hard work, mistakes and most importantly, learning – leaders are born. To be an effective leader, one must always have the zeal of learning and the energy to take on responsibilities.

This 10-Minute Morning Routine Will Make You A Better Parent, Entrepreneur, And Person

Author Article

This morning, I got up at 5 a.m. and was going to immediately start working on a project. As an entrepreneur, writer, and father of five — I have far more to do than time in my day.But instead of jumping immediately into one of my many projects, I decided to give myself some space.There are certain high-performance habits that ensure you’ll operate at a 10x higher level than if you simply just get to work.Success is not about how many hours you put it, but the quality of those hours.In the book, The 7 Habits of Highly Effective People, Stephen Covey explains the importance of “sharpening the saw.”

Most people go throughout their days as a dull saw, putting more and more time in but getting little back from that time.

It’s really not about how much you work.

It’s not about how much effort you put it in.

It’s about the quality and precision of your efforts.

For example, there are millions of blog posts written every single day. But 99.99% of those blog posts will be read by less than 10 people. On the flip-side, some blog posts are read by millions of people.

Most people operate throughout their day putting lots of time and energy in. But they aren’t actually getting better at what they do.

In the book, Turning Pro, Steven Pressfield said something brilliant. He said, “Addictions embody repetition without progress. They produce incapacity as a payoff.”

Most people’s days embody repetition without progress.

Every day they live, but they aren’t actually getting better. Their future is a repetitious reinforcement of the past.

But there’s another problem in most people’s days beyond repetition without progress, and that is that most people’s days are quite aimless.

They aren’t being guided by a higher power — or by the highest power within themselves — to do the right things in a powerful way with their time.

In other words, most people reactively respond to the demands of their day. The urgency of everything takes over and it’s not apparent that their daily efforts really moved the needle. It’s not apparent that their efforts really made a difference.

10-Minute Morning Routine

There are many applications to morning routines. However, there is one thing that is essential to a morning routine to ensure you spend your time on the best things, and that your efforts are impactful on those best things.

Said again — your morning routine should ensure you’re spending your limited time on the right things. But also, your morning routine should be a process of putting yourself in the right frame of mind to execute at your highest level.

Actually, if you tap into the spiritual and subconscious, you can put yourself into a position where you are executing beyond your highest level on a daily basis. Where your efforts are expanded by a higher power.

It’s really simple.

Before you jump into anything else, give yourself some space. Your compulsion will be to get moving on the urgent.

Don’t do this.

Give yourself space for the important.

The 80/20 rule is a productivity principle explaining that most of the things you spend your time doing aren’t really making an impact.

80% or more of your results come from 20% or less of what you do.

Yet, you continue spending 80% or more of your time on the stuff that doesn’t really matter.

Giving yourself space — even 10 minutes — allows you to think clearly about your goals. To think clearly about your priorities. To think clearly about what matters most to you. And to think clearly about where and what you should be putting your energy into that day.

If you have kids or a morning job — then you should wake up before your kids wake up. I have 5 kids. I know what it feels like to be woken up to my kids being awake.

In those instances, I don’t have 10 minutes to get my head and heart in the right place. I just have to get up and get moving. And when I do this, I’m operating like the millions of blog posts that won’t get any reads.

I’m going to be working but ineffectively.

My kids deserve better.

I deserve better.

You deserve better.

Your kids deserve better.

The purpose of life is to advance forward every single day

In the book, The Laws of Lifetime Growth, Dan Sullivan and Catherine Nomura have 10 amazing laws.

One of those laws is to always make your learning greater than your experience. Here’s specifically what they way about that:

“You can have a great deal of experience and be no smarter for all the things you’ve done, seen, and heard. Experience alone is no guarantee of lifetime growth. But if you regularly transform your experiences into new lessons, you will make each day of your life a source of growth. The smartest people are those who can transform even the smallest events or situations into breakthroughs in thinking and action.”

Every day, your life should be improving.

Your decision-making should be improving.

Your skills and intelligence should be improving.

Your ability to prioritize and focus your time on those things which truly matter — there and then — should be improving.

But in order to improve, you need a process for putting yourself in the right place.

How you start something usually determines the direction and quality it will go.

Take 10 minutes before anything else to get yourself in the right place, and to ensure you focus on the right things that day.

Here’s a simple outline of how you can do it. But I recommend you develop your own system over time.

  • Wake up
  • Drink some water (your brain will thank you)
  • Go to a quiet or peaceful place
  • Say a prayer or do some form of positive meditation
  • If you decide to pray, ask God (or whatever you call the higher power) to inspire you with clarity, discernment, and direction for what you should be focusing on that day
  • After your prayer and meditation, pull out your journal and answer a question — Sean Stephensen, the famed speaker and therapist explains that journaling is often more effective when answering a question
  • Your journal entry, then, could be you free-writing to the question: What should I be focused on today?
  • Here are some other questions you could answer as journal-prompts: Who do I need to show up for today? How can I be most helpful? What needs my attention most? What is currently on my schedule today that I should uncommit to?

Answering these types of questions gives you a little space to open your mind to clarity.

You really don’t need that much time.

You can get life-changing and SIMPLE clarity in a few seconds.

The problem is, most people don’t give themselves those seconds. They rush forward.

Those few seconds will come consistently and daily if you make time for them. But you need to create an environment and a mindSET — your “set” and “setting” — that can create powerful insights.

Once you’ve nailed down what you should be focused on, the second half of the journaling session and morning routine is about COMMITMENT.

You want to commit to yourself that you will execute. That you will follow-through. That you’ll operate at the highest level.

You need to make a definitive decision about how the day will go. When you make a decision the universe conspires to make it happen.

Therefore, your morning routine is about getting clarity for the decisions you should be making, and then truly committing to making those decisions real.

This article first appeared on Medium.

The 10 Morning Rituals Of Successful Entrepreneurs

Forbes Article

What morning habits hyper-successful entrepreneurs use to set themselves up for productive days?

How you start your day can have an incredible impact on how the rest of it goes. How much energy you have, how efficient and productive you are, if you achieve the right things, and how much you enjoy the journey. There are millions of others out there trying to beat you. There are only so many days to make progress. So, while many workers see morning routines as a luxury, top performers are very mindful of what they do.

I have the pleasure of interviewing some of the most successful entrepreneurs on the DealMakers Podcast where they share how they did it. Routines are always a big component. With that been said, here are just some of the morning rituals of successful entrepreneurs that you may like to try.

1) Review Goals & To-Do Lists

Get in the game and get focused on what you want to accomplish for the day. If you don’t there are plenty of other people in line waiting to take up your time and have you working to their priorities. Take control. Be honing in on your top VIP items and what you want to be doing. Gary Keller uses a one thing to-do list to make sure there are no other distractions.

2) Read

Leaders read. Period. YouTube is great, audio books and podcasts can be hyper valuable and offer efficiency, but real reading carries many benefits, aside from just inputting more noise and knowledge. Mark Cuban and Warren Buffett are famous for reading for hours a day. Elon Musk and Bill Gates are heavy readers too. It is one of the top traits of the world’s most successful.

3) Exercise

Exercise is one of the most common elements in the morning routines of successful entrepreneurs. Many hit the gym, ride bikes, run or walk. Navy SEAL and author of Extreme Ownership, Jocko Willink likes to hit the weights hard before running. Though the new peloton craze could be for you if you live in the cold weather like NYC.

4) Cold & Hot Therapy

Tony Robbins is famous for using cold therapy to wake up. If it’s not a cryo chamber, it’s a dipping pool at his Florida estate. In his new book Passion For Real Estate Investing, fund manager Fuquan Bilal swears by Korean heat therapy for boosting thinking and productivity.

5) Meditation

Practicing mindfulness, breathing exercises, meditation and even morning journaling are common practices among high achievers. This includes both Arianna Huffington and Oprah. Some may find this a little slow paced for their lifestyles. Others swear by it for staying focused.

6) Yoga

Entrepreneurs who are known for practicing yoga include Russell Simmons, Sergey Brin (Google), Justin Rosenstein and multi-billion dollar selling real estate entrepreneur Kaya Wittenburg. If you are looking for something a little more fast paced try power yoga or Day Breaker’s morning dance and yoga parties.

7) Sports

If lifting weights isn’t your thing, why not dive into your favorite sport in the morning. Tim Draper says he begins his day with basketball. Richard Branson says he enjoys tennis, kite surfing or swimming around his private island. This can be a great way to ensure your passion for a sport isn’t left in the dust as you pursue your startup and grow a business. It’s one thing you shouldn’t sacrifice.

8) Check in Online

Other entrepreneurs just thrive on jumping right into it. It seems to work quite well for them. Entrepreneurs like Gary Vaynerchuk hit the bathroom with their phones as they leap out of bed to check news, respond to social media messages, or even keep in the routine of making time to call family members. This seems counterproductive advice compared to most of what is suggested in books and blogs today, but if that’s what you live for, don’t deny yourself.

9) Make the Bed

Just like the military, Tim Ferris of the Four Hour Work Week has said making the bed is a priority in the morning. You may not really care about what the bed looks like, nor feel you need it to be made before you knock out again at night. Yet, there may be benefits in the routine and preparing your mind. If you are working from home or are sleeping in your office, the cleanliness and organization might be better for your focus too.

The great thing about this morning ritual is that you’ve always at least accomplished something each day. Even if that is followed by spilling coffee on your new shirt, getting stuck in traffic, forgetting to let the dog out, and missing an important investor meeting At least you accomplished something today.

10) Have Breakfast with People You Love

If you are a real hustler it can be hard to slow down enough to make breakfast with your family. Well, it can be even harder to make it home for dinner on time or make all the quality time you promise. At least you can be consistent with breakfast. You can also start out their day on a positive note, and ensure you are still getting the most important things done.

Summary

Morning routines appear to be a clear differentiator in top performers and the rest. Invest time in them. These clues from other successful leaders appear to make a big difference in how high you can go. However, Tai Lopez also points out the importance of finding the right combination of morning rituals for you and your personality.

You don’t have to get up at 4 am, bench press, or be a Facebook user to be successful. It’s more important that you morning system works for you. Experiment and find a good process. Though don’t be shy about disrupting it every now and again to try something new.

Alejandro Cremades is a serial entrepreneur and author of best-seller The Art of Startup Fundraising, a book that offers a step-by-step guide to today‘s way of raising money for entrepreneurs.

Blogging: 50+ Ways To Make Money Blogging

5 Essential Morning Habits For The Modern Entrepreneur

See Author Article Here
Tanner Simkins

Behind the most successful entrepreneurs is often a motivated morning routine. According to researchers at The University of Nottingham, self control, willpower and task-performance all peak in the morning. This means business owners who can max out this crucial time are off to a great start for the day. In this spirit, here are five essential morning habits collected from case studies and best practices in the sports and entertainment industries.

1. Consult a tomorrow list.

Start your morning the night before. In doing so, you will immediately create a sense of purpose and anticipate potential problems. With a plan in mind, your day will already be timely, organized and more effective. Scott Cullather, CEO of inVNT, a live events agency in New York, schedules a meeting with his key support team before the close of business in order to review the following day’s agenda. Cullather says “we review and forecast what tomorrow is going to look like and how we’re going to get through that. It gives us an opportunity to re-prioritize. It also allows us to go to bed at night. Your mind does a lot of work for you while you’re sleeping. You get there the next day and are much more efficient and productive.”

Related: The 10-Minute Morning Routine That Will Clear Your Mind

Another example is athletics, where training schedules and game plans are the norm. Head coach for Team Running USA, Terrence Mahon, says the “benefits of preparing and executing a training plan come in so when the pressure mounts, athletes will feel reassured that they’ve done enough.” The same is true for leaders in business.

2. Practice morning mindfulness.

Entrepreneurs should focus on meditation or exercise in order to pre-establish focus for the entire day. Tim Ferriss engages in both meditation and exercise prior to his workday. In meditating, “you’re practicing focus when it doesn’t matter so that you can focus better later when it does matter.” Former MLB great and now Miami Marlins owner Derek Jeter lists one hour morning meditations as a regular part of his routine.

3. Focus on the morning nutrients.

A healthy breakfast fuels your day. The Virgin Group founder Richard Branson has a healthy fruit salad and muesli to start his day. Twitter’s co-founder and CEO Jack Dorsey has two hard-boiled eggs with soy sauce every morning. For elite professional athletes, nutrition rituals exist as a very specific, and often superstitious, routine to begin the day. Professional tennis player Novak Djokovic follows a long, detailed order beginning with a large cup of room temperature water and ending with muesli or oatmeal, to provide his body with what he needs to perform at peak levels.

Related: 6 Morning Health Hacks to Boost Productivity and Keep You Energized All Day

Rachel DeMita, host/producer for sports highlights network Overtime and a digital content creator, told me in our recent interview that “eating healthy and getting in a good workout are important for me. I’ve been an athlete my whole life and I make sure to continue to stay active for my work. I’m still able to hang with some professional athletes and hold my own in a way.”

4. The quintessence of positivity.

Envisioning success will help you realize success. Olympic gold medalist and author Katie Ledecky writes “think of something else, something that doesn’t cause you stress.” Take Ledecky’s advice to radiate happiness and suppress anxiety.

I recently sat down with Jack McClinton, former NBA player and current CEO of Active Dreamers, a company innovating sports retail with its unique blankets and pillows that resemble player likenesses. He told me in our interview that he always tries to “wake up and win the day.” The athlete turned entrepreneur added “I always try to keep my energy at a positive level and vibrate at a high level because I understand this elevates your mindset.”

Related: 5 Tips to Improve Focus and Get Things Done

5. Track results and review goals.

Most entrepreneurs are already goal-oriented people, but where many of them fall short is in writing down their goals and tracking their progress. Setting specific, measurable, attainable, realistic and timely goals — SMART goals — is the secret sauce for successful entrepreneurs.

With the proper and consistent application of these five morning essentials, entrepreneurial success is well within reach.