Principle #9 Separating Successful Entrepreneurs from Those Who Went out of Business

9. Habits.

It is not enough to just know all the above principles. You need to implement them to reap their benefits.

So what good is it to know you need to take care of your nutrition, sleep schedule, and exercises, if you do nothing about it?

So what, if you intellectually get that you need to pause and stop thinking to generate new ideas, if you are constantly busy?

So what good is it to have your assistant put all your meetings in your Google calendar if you never actually check your calendar?

So what, if you have a great vision, mission and values for your business, if you never tell anybody (including your own team!) what they are?

And you can – and should! – build relevant habits for every universal principle that works. Here are some examples:

-exercise for 15 minutes a day
-meditate for 5 minutes a day
-reach out to at least one person a day to talk about your business (accountability partnership is the best example)
-consult your calendar multiple times a day, make it a central hub of your schedule
-on a daily basis, track your incoming and outgoing money
-prospect for new clients every day
-every time you are doing something for the second time in your business, record it and create a standard operating procedure out of it (if you do it for the 10th time it makes 10 times more sense to create the SOP)
-go over your business’ core values in a weekly team meeting

Of course, there are zillions of other possible habits relevant to your business. The point is that even the most brilliant business principle – which works! – will not work without putting it into action.

And there is no better way to implement something than by making a habit of it. Sooner than later, you will develop neural loops in your brain that will make putting those principles into action a no-brainer.
And I mean it literally; the subconscious routines will take care of the biggest chunks of those tasks, and the investment of your conscious attention will be minimal.

Do you know the dictionary definition of a habit?
a settled or regular tendency or practice, especially one that is hard to give up.

Relevant habits will solidify the universal principles that work in your business. Which means your business will work. In fact, it will thrive.

Nine Universal Business Principles
Principle #1 Separating Successful Entrepreneurs from Those Who Went out of Business
Principle #2 Separating Successful Entrepreneurs from Those Who Went out of Business
Principles #3&4 Separating Successful Entrepreneurs from Those Who Went out of Business
Principles #5&6 Separating Successful Entrepreneurs from Those Who Went out of Business
Principles #7&8 Separating Successful Entrepreneurs from Those Who Went out of Business
Principle #9 Separating Successful Entrepreneurs from Those Who Went out of Business

Originally published in Medium.