Entrepreneurs are all about the grind, the revenue, and the success. But sometimes, new entrepreneurs get stuck in what they think they “should” do and leave a lot on the table.
I’ve seen so many people getting burned out of entrepreneurship before even making money. And this is because they are doing what they “think” they have to do instead of what they really have to do.
If you take a closer look into the routine of different successful entrepreneurs, such as Andy Frisella, Tim Ferris, Gary Vaynerchuk, Joel Marion, Tai Lopez, and others, you will see a common characteristic: they work by systems. They understood the importance of habits early on and they worked their butt off to create systems that allowed them to complete the task that they needed to do every day, without putting their health or their business at risk.
And this is something actually really simple. Once you create a habit, it isn’t something to think about anymore, it’s just something that you do. Everyone’s journey is different and every business requires their own different set of skills, but there are some systems that are common to every successful entrepreneur.
Here are the top 5 and how you can use them to set the base of your entrepreneurial career:
1. Power 5
This is a concept that is very common among successful entrepreneurs. Sometimes we get caught up in a lot of different tasks during the day that aren’t getting us any closer to our ultimate goal.
In order to avoid this, the power 5 method encourages you to write a list every day of the five most important things that you need to complete that day. It needs to be stuff that you wouldn’t normally do if you didn’t propose to do it. For example, writing a sales funnel or making a certain amount of calls.
This method is basically a way to put into perspective what is really important and what is not that important. If you write this information down, you are putting yourself in a situation where you know what you have to do.
This is something that requires some thought upfront. What are the 5 tasks that you need to do today to move you towards your ultimate goal? Once you figure it out, write them down and try to make them your priority for that day.
“Most of us spend too much time on what is urgent and not enough time on what is important.” – Stephen R. Covey
Many people are entering the entrepreneurship world looking for the freedom to work whenever they want and escape their 9-5 job. Yet, the truth is that if you don’t make a schedule for yourself, chances are that you won’t be as productive as you should be in order to build a successful business. This doesn’t necessarily need to be any specific time period or amount of hours, but it needs to be something you know is going to move you a step closer to your ultimate goal every single day.
I haven’t heard a single successful entrepreneur talking about how much time they get out of not exercising or not taking care of their body. As an entrepreneur, you need to understand that you can grind as much as you want, but if your body collapses because you aren’t taking care of it, it will be all for nothing.
You don’t need to spend two hours per day at the gym or to have a super strict diet, but you do need to take some time to exercise and to eat healthy.
By having fitness as your top priority, you’ll have more energy, vitality, and a clearer mind when you get back to work. So at the end of the day, taking care of your body is an investment in your own business.
The best investment you could do is to invest in yourself. Successful entrepreneurs are always learning something new by reading books, going to conferences, applying for courses or masterminds, and listening to podcasts. They care about getting better at their craft.
Invest time in educating yourself. Make it a priority in your life. It’s true that sometimes we can feel like we don’t have time for stuff like this, but take it as what you are doing that’s differentiating yourself from your competitors. It might not show instant results, but if you make it a daily priority, it will pay huge dividends down the road.
And if you are just getting started, you don’t even need to spend a lot of money on it. There are tons of really great books on entrepreneurship, finance and personal growth that aren’t that expensive, and dozens of free podcasts and articles that can help you get closer to your ultimate goal.
“Income seldom exceeds personal development.” – Jim Rohn
Knowing the tempo of your business is crucial. This can be the difference between a business succeeding and a business falling flat. Every business, in every stage of its life, has a different tempo, and you need to recognize it.
Some entrepreneurs fail because they think that entrepreneurship is the way to go from a 9-5 to working from the beach in just a couple of months. Others fail because they think that they need to go all-in and pull up 20 hours shifts every day until they consume themselves.
Entrepreneurship is a long game. And you need to adapt to the different stages of it. Some stages are gonna require you to grind to a level of exhaustion, but you gotta make sure that you are reserving some energy for the rest of the game. Grinding extremely hard for 6 months is worthless if you are going to drain yourself and not be able to stay in the game for 6 more months.
In entrepreneurship, there’s a time to grind and a time to relax. Even in the stages where grinding is key, make sure that you don’t burn yourself out. Sometimes, taking some time off work can actually help you be more productive and reach your ultimate goal at the end.
Are you already taking care of these? Which are other keys that you think are crucial for entrepreneurs? Share your thoughts with us below!
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By investing your time and effort in networking, you will gain more business through the relationships you make
Are you completely new to networking?
Then this article is a great place to start. Networking isn’t hard on paper…you go along to online and in-person meetings, make new connections and build relationships, and those relationships lead to more work so you can grow your business! The challenge is that in reality, it isn’t quite so straightforward, as our emotions get involved and make things much tougher.
It’s incredibly common for nerves to creep in and to feel overwhelmed and apprehensive when it comes to networking – even when it isn’t new to you. But how can you become more successful at it, feel less self-conscious, and make networking work for you and your business?
Here’s a few tips to help you embrace every business networking opportunity you get, so you can grow your business and achieve your goals.
Rock up with confidence
If you want to keep those nerves at bay and ooze confidence at networking get-togethers, you’ll need to downplay it rather than seeing it as a big occasion. Try not to put pressure on yourself and see it as a casual meet-up with a bunch of people with similar goals to you. To help you relax in the run-up to the event, be sure to set achievable goals and expectations before you go.
Keep your chin up and your goals in mind – positivity is key. One easy goal for your first networking meeting is very simply to speak to one other person and see where the conversation goes. Introduce yourself and your business, but take the time to listen to their story, too. It’ll only take a few minutes and will be over before you know it, so it’s nothing to fear. You may even enjoy it and want to speak to a few more people, too!
Where to go networking
If you’ve never been networking before, it might not be very easy to find a group – but only because there’s so much choice and you don’t know where to start your search! Groups come in different sizes and styles, so it’s important to find one that suits you and your business. Informal, formal, big, small… the choice is yours.
For your first meeting, start small to ease yourself in – a big group could prove too daunting, and stop you from feeling comfortable enough to get involved. After all, you want to make a strong first impression!
If you’re wondering which group to opt for in the long-term, give a few a go! Get a feel for them, speak to as many people as you can, and see which one suits! You’ll know when a group feels right for you, and you can see where those all-important relationships are most likely to be built. If a group doesn’t feel like the right for you, give a different one a go.
Get more leads and referrals
This will happen for you, as long as you put the effort into building those relationships. If you take the time to get to know people, and then check in with them and support them, they’ll see you as a trustworthy and reliable contact who they can call on. And when they feel that way, those leads and referrals you’re looking for will come a-knocking.
Once you’ve made relationships with people who you trust, and they’ve had a positive experience working with you, you can even ask for referrals! But don’t rush this, as you don’t want to inadvertently push people away or try and force the relationship along too quickly.
When you do get an opportunity to work with someone you’ve met at a networking group, go above and beyond to offer more value than they’re expecting, as then, they’ll be much more likely recommend you and introduce you to more of their contacts!
Grow your business
By investing your time and effort in networking, you will gain more business through the relationships you make, and you will be able to grow your business.
We know that it’s not easy, going networking for the very first time. And that’s why we want to give you all the advice and tools that you need so you can walk in with confidence and make the most of the opportunity.
2023 is just around the corner, and you have the chance to make it the year you make networking work for your business. And the benefits could be incredibly amazing for your business, just like they have been for ours, and many business owners we have worked with over the years.
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