5 Habits of Successful Small Business Owners

5 Habits of Successful Small Business Owners

We are all compromise of vices and virtues, habits good and bad. These little ticks and grooves within our personality shape each day, and ultimately, shape who we are as a person.

Considering that our habits serve as a mold for our very being, it becomes all the more intriguing to take a look at the traits of successful small business owners.

1 The Early Birds Catch the Worm

Although most of us have trouble getting up even after the sun has risen, 50-percent of self-made billionaires wake up at least three hours prior to the workday, according to research conducted by author Thomas C. Corley. For example: Indra Nooyi, the CEO of PepsiCo, wakes up at as early as 4:00am, Business Insider reports

Getting up early gives you a chance to catch up on work and knock a few items off your to-do list in peace and quiet, without anyone or anything around to disturb your workflow. It could also be the perfect opportunity to unwind before the whirlwind of the workday begins, giving you a chance to breathe, meditate, and clear your mind.

2 Organisation is Key

Organisation is essential for running a business, big or small. Keeping spreadsheets and to-do lists allows you to see everything you have to check off for the day without the stress of constantly cycling through your daily to-dos in your head.

Physical or digital to-do lists are far more efficient than keeping a mental one. Unless you write it down or type it out, it can easily be forgotten during life's daily game of tug-o-war. 

3 Ambition is Everything

Ambition and running a business are practically synonymous. After all, CEOs wouldn't take on start-up projects if they didn't dare to dream. It is a testament that you are able to rise above all odds and pursue your dreams, even when the road ahead gets a bit rocky.

Ambition fosters creativity, productivity, and promotes company growth. Small business owners are always looking out for what to tackle next. Shoot for the stars, because if you don't make it all the way, at least you'll have made it to the moon.

4 Knowing When to Say No

"People think focus means saying yes to the thing you've got to focus on," said Apple founder Steve Jobs. "But that's not what it means at all. It means saying no to the hundred other good ideas that there are. You have to pick carefully. I'm actually as proud of the things we haven't done as the things I have done. Innovation is saying 'no' to 1,000 things."

It's easy to be a yes-man, especially as a small business owner. Every opportunity seems exciting, brimming with a certain amount of promise. Sometimes you may want to say yes to avoid hurting someone's feelings, but in doing so, you are only hurting your brand. 

Knowing when to say no doesn't mean vetoing every idea that crosses your path. It means learning how to choose, as Jobs had said. This allows you to really hone in on what's important and cut out any unnecessarily time-consuming side projects.

5 Practice Mindfulness and Balance

When you're bouncing from job to job, calculating invoices and doing quotations, it's very easy to get swallowed up by you running your business. Establishing a balance between work and your personal life is essential for staying sane.

Developing healthy, productive habits is a surefire way to boost creativity, productivity, and foster growth for your company. Some of the most successful small business owners and CEOs believe in waking up well in advance, keeping to-do lists, staying ambitious, knowing when to say no, and practicing various mindfulness techniques. 

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