80 to 90 percent of all start-ups companies suffer defeat. Moreover, 60 percent of all start-ups don’t move to second year of operation. The reason behind the failure of start-ups is when founders do not forge their paths or even gather resources while taking huge financial risks. It’s real that an entrepreneurship is not for fainthearted people.
The art of being successful an entrepreneur has to beat all odds, this is the spirit with young entrepreneurs who start businesses with no wealth or experience, but move to success within few years of their lifetime.
The secret behind young entrepreneurs success come our vividly during interviews with several young founder. There is a unique, concrete habit with young founders that one can adopt to change the game impact of your business.
One of the primary habits that you can change to is the creation of a regimented schedule. To ever reach your goal, you need consistency in your schedule. With a program, you will live a lifestyle that maximizes the amount of work you do. Schedules will have a tremendous impact on how your business is fueled to growth. Set aside time for uninterrupted production to your work process for the creation. A regular schedule with your work is the key to organization growth.
Another important habit is taking a walk every week. It helps to connect the dots as well as an adventure to break work monotony. Make it a routine to have an adventure walk every weekend. It’s advisable that a long walk to a new place every weekend is very helpful. Research on the places you will be walking to and you can carry an old notebook with you all even you previous diaries. A one to four-hour hike will let your thoughts come even without forcing them. It is the only practice that will help in relieving stress while unpacking the ideas of last week at work. Its works exactly like meditation where the entrepreneur regularly evaluate ideas and the way the ideas fit their business. Just render the ideas into reality and see the imaginations unfold.
There is a health benefit that comes with walking. Research shows that moving around is very critical to your daily health. Research shows that sitting around for an hour is worse than smoking two sticks of cigarettes.
Another unique practice with young entrepreneurs is taking a hot-cold contrast shower. Every morning gets a 30 seconds ice-cold shower that is followed by another 30 seconds hot, and then do more 30 second cold water shower. It will offer energy as well as clarity to start off your day feeling very fresh.
To make the habit more productive, you can take a regular shower then follow the above order. If you are not convinced, research on benefits of a cold shower as most people think, it’s very crazy taking cold showers.
This another very productive habit when you try to reflect on very critical question through different lenses.
The technologies that have recently been invented and developed have come about from strategies cultivated using the open question habits. Then follow by nurturing of the slow hunch. Open question include queries a co-founder of your entrepreneurship idea. It comes about with people interest and various projects in working on how to sell your new product that is under high risk. With such an open question, an entrepreneur works alongside the people showing interest on their project while attempting them with different questions that fights risks.
Work on the problem at different angles using different lenses. It can involve looking at extremes and considering various assumptions. Open question habit from Danielle Fong the co-founder Light Sail Energy.
Setting three specific goals that are timely and ignoring anything else. Goals are in the solution of solving the problem of the millions of ideas available to improve your business. It’s not possible to fix those ideas hence the need to focus on three on a weekly basis and with this you can make much progress. Just be relentless in following the specific goals. Taking too much time in preparing the business for launch can be dangerous as you may take the time over-thinking hence over-complicating the aspects in the start-up that would have worked better if left alone. It is also very possible to deter future investors as well as missing crucial stage in the marketplace that you have been making for the time now.
When you get into the office ensure you make as much list as possible. Lists note written on iPods or you Android phone are easy to access. Gmail has the Tasks option where you can link your entire list with the emails. List helps in thinking of the plan before execution and also on focusing on the primary goal.Customers are now calling on a world class services hence the Internet of Things can be a central player in delivering. If a customer calls, its possible to figure out their buying history and who they are. IoT can allow innovations and other aspects such as sales lift and happy client base.
In conclusion, the above habits have been forming the basis of most entrepreneurs in their success. It’s very critical if you try some of the right habit in incorporate with your own for better performance of your organization. Take you time to research on more patterns that you can work on comfortably for the success of your business.