Best Habits for Business Owners

Those who own businesses will tell you they have made many mistakes along the way in creating a thriving business. No one is perfect, but with many years of practice, business owners have formed good habits both personally and to help them be successful.

In speaking with business owners as well as reading books such as Atomic Habits by James Clear and The 7 Habits of Highly Effective People by Stephen Covey, we have assembled a list of habits that anyone can implement to become more successful.

Begin with the End in Mind
It’s just like planning a road trip: you should always know where you’re going before you start the journey. There are times for spontaneity in travel, but we wouldn’t suggest this tactic for a business. Set goals for yourself, your staff, and your business, and the path to success will be formed from there.

Get out of your Comfort Zone
This habit is applicable both personally and in business. Businesses can only grow with steps to expansion. Staying the same will never result in growth. In one’s personal life, it’s the same principle. In order to grow, learn, and advance, one must adapt to change and embrace new challenges.

Surround yourself with Good People
And thank them. No business owner grew their business all on their own. They have an army behind them of supportive friends and family, great talent, and mentors who help them along the way. Always remember to thank those in your life for the role they have played. Gratitude goes a long way.

Sleep
This may sound silly, but it’s a habit that many business owners say that have forgone in the past and wish they wouldn’t have. Sleep is integral for the brain to function at its best. While it may be tempting to stay up late for deadlines, hammer out an idea, or mull over (and over) the events of the day, we suggest sleeping on it, literally. Use your time wisely throughout the day to avoid exhaustion and procrastination.

Money Management
This is applicable to both personal life and business. If money management is not one of your skills, hire someone who is skilled in this area. Whether it’s your personal taxes or your business bookkeeping, having special attention on your money is of utmost importance.