Successful entrepreneurs have habits that make them successful. They practice these habits each day. They also have habits that they avoid at all costs, knowingly or unknowingly.
- Too much fear of failure
Fear can be a good thing. Having some fear of failure keeps you healthy in the world of business. However too much fear is just the opposite. Remove fear. They are intense so much that it puts you at the point that you avoid or delay decisions. This is very difficult for some people to master. Successful businessmen over the years have conquered fear. They have learnt when to face the fear and turn it into winning ways. They have also learned when to turn back and pursue a better option; one with less risk. Those who master fear are those who often reap the most benefits.
- Not having fun
Having a little fun with your work relieves you of so much tension and stress. You often won’t find this mistake on many lists because many people would not consider it a skill. There is no prescribed way of having fun. Make your job fun in your own way and you will never hate your job. Successful entrepreneurs often view their workplace as a place of fun. A place where they work and have fun at the same time. A good blend of fun with work, yields better-than-normal productivity.
- Decision paralysis
The ability to make decisions is a core skill that every business person must possess if he or she wants to be successful. Decisions on how to proceed with marketing, funding, product production, vendor selection, and a host of other judgments need to be made. Don’t be afraid to make decisions. Make the decision even if you make a bad one. What is important is to focus on learning from mistakes.
- Dislike dealing with people
No matter what business you’re in, “you’re in the people business”. How true that is! Whether dealing with customers, vendors, investors, the press, or employees, continuously developing your people abilities to deal with people the right way can mean the difference between success and failure.
- Being too conservative
Never settle for the ordinary, even if it means a little controversy. Don’t be afraid of ticking someone off if it is for the greater good.
- Afraid of asking for help
Everyone in this world needs help, no matter how self-sufficient you are. Don’t be ashamed to admit when you don’t know something. Find an experienced entrepreneur like a mentor to help and guide you. Listen to feedback from your mentor and others. Sometimes you’ll get some bad inputs, but learn to filter.
- Inability to innovate
Innovation is vital to the continual success of a company. Be sure never to stop innovating. Be creative and try new ideas.
- Inability to anticipate
The ability to project into the future and build a plan to accomplish your objectives is a skill that will take you far as an entrepreneur. Effective planning is what will guide your business and ultimately define what you’re all about.
- Little attention to time management
. Your time is very valuable, make the most of it. Allocate time to your daily activity.
- Weak communication skills
The skill of communication plays a role in the execution of all of the other skills above. If you don’t have this skill, none of the other skills will be fully developed, no matter how hard you try.