Many entrepreneurs start small. Furthermore, they make small adjustments in their daily life and business until they can take bigger calculated risks, which ultimately lead to success. It is widely believed that these people will one day succeed and make millions overnight, either through luck or brilliance.
Moez Kassam founder and principal of Anson Funds. Anson Funds is a privately held alternative asset management company founded in 2003, with offices in Toronto, Canada and Dallas, Texas. He is very active in corporate philanthropy, supporting many local charities such as the Toronto Second Harvest Flavor Steering Committee and as a board member of Kids Cook to Care.
Here are five habits of successful entrepreneurs:
Start exercising every day:
We know exercise is good for our bodies, but don’t do it. In other words, in the middle of the workday, we often ignore the benefits of exercise for our minds. First of all, research shows that areas of the brain that control thinking and memory tend to be larger in athletes than in non-athletes.
“In the journey of an entrepreneur, the most important thing is self-belief and the ability to convert that belief into reality,” said Mukesh Ambani, an Indian billionaire businessman, and the chairman, managing director, and largest shareholder of Reliance Industries Ltd.
It’s common for busy people to leave reading for a break, if at all. However, some of the most successful people in the world, including Warren Buffett, devote most of their time to reading. This habit allows you to gain knowledge about your industry and the world in general. Above all, reading helps to start the day fresh and mentally stimulating.
When you make decisions left and right quickly, it’s easy to get cognitive overload and start making bad decisions. Make time for excitement, speed, and technology. Create a quiet space in your time each day. If you start your day reading and exercising, it might be wise to have a tech-free lunch or a meeting. Others prefer to be locked up late at night. You’ll sleep better by avoiding exposure to blue light from your TV, tablet, or mobile device.
Entrepreneurs do a lot to ensure that their company’s internal processes run smoothly. However, many external factors can contribute to or interfere with a company’s long-term success. In the accounting profession, both regulations and current events can affect a business.
Make plans for tomorrow:
Most habits are best done in the morning. Therefore, you should devote your morning to preparing for the day ahead. Many entrepreneurs organize their thoughts and create a checklist for the next day every night. Above all, making a list will take significant stress off your shoulders when it comes to refocusing in the morning.
Your daily action plan should align with your overall business goals.