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7 Bad Habits Every Entrepreneur Should Fix Right Now

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You came here just to make sure you don’t have any of those bad habits. Didn’t you?

But, to be honest with you, it doesn’t matter whether you have them or not. Most entrepreneurs do have them. But the good news is they’re extremely easy to fix.

Here are 7 bad habits that need to be fixed if you’re an Entrepreneur:

1. Not being patient

A lot of bad things can happen from being impatient. Here are a few examples:

  • Miss something important because you don’t have time to double check
  • Make stupid mistakes because you’re always in a hurry
  • Make bad decisions because you want to get it over with
  • Ruin your relationships with people because you speak without thinking

Those are just a few consequences. Hopefully I won’t need to mention anymore to convince you being impatient is bad.

Solution: Slow down, take a deep breath, think, then act. Remember that working too fast is actually counterproductive and will waste more time in the long run.

“Patience, persistence and perspiration make an unbeatable combination for success.” – Napoleon Hill

2. Not listening

You’ll get more value from listening than talking. If you want to stay on top of your game you need to keep learning. And a great way to keep learning is to start listening. Not listening to what others say can cause you to miss out on a lot of important ideas and lessons.

Another advantage of listening is being able to solve customers problems. You can’t solve customers problems and create good products if you don’t listen to what your customers are saying. Most of the time they won’t tell you what they want. You’ll have to figure that out based on their deeper desires. And you can’t figure out anything if you don’t listen.

Solution: Listen to what people have to say. You never know, the next big idea could come from an 8 year old kid.

 

3. Lack of sleep because you’re busy

Sleeping is one of those things that you have to have time for. You can’t choose not to sleep. Personally, whenever I get my 8 hours of sleep, I perform much better than a night I sleep 7 hours on. In reality, staying awake that extra hour is a total waste of time.

Solution: Go to sleep. Sleep 8 hours. Schedule an 8 hour sleep slot in your calendar.

 

4. Thinking short term

This one results from impatience too. You want to make a quick buck. You just can’t wait. You want everything to happen now. So you work for now and forget the future. Instead of investing into something that pays you x100 in 10 years. You’re satisfied with the quick x2 ROI.

But here’s the thing, if you think short term, you’ll be in business for a really short term. Because while your competitors are working towards the future and with a potential of making millions or even billions of dollars, you’re sitting there worrying about a few thousand dollars that won’t last you another year.

Solution: Always look at things in the long term. Look ahead. What would the future look like?

 

5. Working without a direction

Working without a goal and plan is like shooting then aiming. You need to know your target, aim, then shoot. That means you need to know your goal, have a plan, then execute. There’s no need to write a massive 30 page plan. 1 page is enough, sometimes even less. When you work with no direction, you get nowhere. Eventually you’ll run out of fuel because you ended up in the middle of the desert with no map.

Solution: Identify your goal, create a plan, execute the plan. What do you want to achieve in the next 3 months? What steps will you take to achieve your goal? Now go and execute your plan in that time frame.

 

6. Taking unnecessary risks

Taking risks is good. It’s essential. Starting a business is full of risks. So you have no choice but to go through risks. However, taking risks that you don’t need to at all is plain stupid. I remember back in the day when I thought taking crazy risks was cool and everybody else were just cowards. Result? I failed badly, they didn’t.

While they spent a few days on research and setting things up. I’d just jump right in. Is that really what successful entrepreneurs do? No, all of them launch an MVP, test the market, do their homework, and are careful. The “go and take risks” advice is for people who are really scared to take risks. People scared to leave the 5-9 job. Not for adrenaline junkies. Adrenaline junkies will just translate that advice into “go and make a few suicidal moves.”

Solution: Take calculated risks. Test the market bit by bit.

 

7. Not Creating a Scalable System

Are you really an entrepreneur or a freelancer?

The difference is, entrepreneurs build businesses that can thrive without them physically being present. On the other hand, freelancers build businesses that can’t survive without them. Of course, there’s nothing wrong with being a freelancer. But, if you really want to call yourself an entrepreneur you need to build something that doesn’t need you.

Solution: Create a system that doesn’t depend on you. You can present yourself as the founder & CEO of a brand, but never become the brand itself. Unless you want to be a freelancer of course, then that’s fine. But, if you don’t then please separate your personal brand and your business brand – don’t mix them up.

“The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” – Peter Drucker

Don’t just hit the back button now. It’s time to take action. You’ve already shown interest in improving yourself. Now go do it. Get your notepad out and create a plan for change. It’s either now or never.

Do you remember the blog post you read last week? Did you act upon what it taught you? If you’re going to do the same thing with this one, then don’t expect your life to change either.

Which bad habit is destroying you? Please leave your thoughts in the comment section below!

Zak Mustapha is a High-Ticket Closer who helps businesses multiply their sales and achieve arithmetic growth. Join his "100 Business Knockout Lessons" to get one lesson every Monday at 6 AM that you can put to action immediately to dominate your niche & K.O. your competitors.

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While reflecting on the magnificent life of Dr. Martin Luther King Jr. I began to uncover what truly made Dr. King such a powerful leader. Many revere him for the change he brought forth so it’s no wonder that he was heavily influenced by the man who said, “Be the change you want to see in the world”. He embodied that statement on the deepest level and lead people through one of the most challenging yet historic times in our nation. 

But what was it that made Dr. King’s movement so different than the rest? A quality that transcends ego and unites a people so divided? 

My greatest and most moving discovery while studying the life of Dr. King was the very answer to our question. 

Yes, he had the personality to be a leader, yes he had the bravery to use his voice, yes he evoked REAL change in government and policies, but the manifestation of all those comes from his willingness to lead a movement truly rooted in consciousness. 

A peaceful approach

Dr. King was continuously met with frustration, hate, and even violence by both law enforcement and those who wanted to fight for equality through violence. But the more violent things became, the more he dug his heels into a peaceful approach. Dr. King’s unwavering faith in the power to lead with peace and not violence is undoubtedly why his legacy is such a pillar of our nation still to this day. It is easier to fight.

Hate, anger and separateness from one another are primitive emotions on the emotional scale of well being but It takes awareness, understanding and elevated consciousness to move from a place of peace and understanding. Dr. King knew that we all have access to these states of higher consciousness and that our true power lies in a peaceful approach.

He is an example of the truest essence of our consciousness in this human experience. How to truly love your neighbor as yourself. 

Conscious compassion

Even the strongest opponents are human. Meet hate with love + compassion for the enemy” he said. It wasn’t his resistance to violence that made him a peacemaker, but rather his commitment to keeping compassion and connection to all humanity at the forefront of his movement. A profound understanding that underneath all the hate, violence and discrimination, we are all one. We all come from the same source and we are all human.

A conscious king

A man of his position, his power, his following could have been easily swayed by the human temptations of the ego. But he remained steadfast in his cause to bring forth real change. He understood on the deepest level that we are truly a stronger force in the universe when we move as one unit, with one mind, and one goal. That the separation from one another is the weakness of humanity. That our strength is in those things that unite us all, the qualities that give us life.

His success was in uniting not just the people of America but the consciousness of America.

No matter our gender, or our social class or our color, we all love, and we all seek peace. We all feel joy and happiness, we all want to be met with compassion and understanding. 

His cause went far beyond the need for physical freedom and equal rights. His cause was for freedom of mind, freedom of heart, freedom to be one. 

Lead with love

In his last speech he said, “I may not get there with you, but we AS A PEOPLE will get to the promise land”. And we will. At some point, we will inevitably come back to this oneness that we all come from.

The truth is? We don’t know when our last day is. Our last march. Our last speech. So this Martin Luther King Jr. Day I ask you, what will your legacy be? Are you leading a life founded in the principles of Dr. King’s movement, founded in the higher consciousness of humanity? Every moment is an opportunity to love, to show compassion, to bring forth peace and in the words of Dr. King “The time is always right to do what is right”.

Dr. King said, “I’m here to remind you, we’ve come a longggg way, but there is still work to be done”. 

And I’m here to remind you this Martin Luther King Jr. day in 2024 that we HAVE come a longggg way, but there is still work to be done. 

His fight is our fight. His mind is our mind. His spirit is our spirit. Rooted in the consciousness of all humanity. We are all one. And when we embrace the understanding of that, we will truly say

“Free at Last, Free at Last, Thank God Almighty, We are Free at Last”.

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