When it comes to success, it all boils down to reaching your goals and realising your full potential as an entrepreneur. Executive Coach Elsabe Manning says success doesn’t just happen. “It’s something you need to work towards. You need to visualise your success every day.”
Manning adds that successful entrepreneurs have the following in common:
They have a strategy
Successful entrepreneurs have things written down with detailed goals, and objectives with timelines. They know what they want (focus), and how they will get there (direction.) This is a working document that needs to be adapted and changed as you or your business’ circumstances change.
They know that time is of the essence
They don’t need discipline to get out of bed in the morning because they love doing what they do! They are highly motivated, therefore they are on time every time, and they have their priorities right. They don’t waste time during the day and spend 80% of their time on income-producing activities.
They manage all their resources well and don’t waste them
They know that their resources are their most precious possessions and that without them they will not be able to run their business.
They have an agenda for every meeting
Meetings can be a huge waste of time unless you know exactly what you want to achieve in the allotted time. They always have a clear agenda and stick to timelines. Let the people attending the meeting know what the agenda is and what information they need to bring with them and then stick to the agenda.
Successful entrepreneurs are healthy
They eat well and they exercise. Being healthy boosts your energy and self-esteem and helps to keep you motivated. They drink lots of water, eat plenty of fresh vegetables and fruit every day, and try to avoid alcohol, or drink only in moderation. They know that exercise keeps their stress levels in check and boosts their energy.
They do environmental scanning
Environmental scanning is a method that enables decision-makers both to understand the external environment (outside of their business) and the impact it may have on their business, and translate this understanding into their planning and decision-making processes. Coates (1985) identified the following objectives of an environmental scanning system:
- Detecting scientific, technical, economic, social, and political trends and events important to the business
- Defining the potential threats, opportunities, or changes for the business implied by those trends and events
- Promoting a future orientation in the thinking of management and staff
- Alerting management and staff to trends that are converging, diverging, speeding up, slowing down or interacting