3 Traits To Develop When Starting A Business

3 Traits To Develop When Starting A Business

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Starting your own business is one of the great adventures you can embark on in your life. It opens the door to all kinds of possibilities that previously would have been out of reach, and it gives you something to work for that (hopefully) you really care about, and find meaningful.

Of course, starting your own business can be a daunting thing to do at the best of times, and is certainly likely to take a lot out of you.

If you are taking steps to chase your dreams, and to become an entrepreneur, you need to get your own character traits and habits in good order, so that your company has the best possible chance of thriving.

But what character traits should you work on developing when starting your business? Which ones are likely to be the most important and useful to you?

Here are a few suggestions.

 

 

  • Specificity and intentionality

 

Specificity implies that you are very precise with what it is you do, what it is you offer, and what it is you want. A company that tries to be too many things to too many people, is almost always bound to fail – especially if that “diversification” happens too early.

Focus on being precise about what it is you’re going to do and offer to your clients. For example, the company New Era Fuels sells fuel that can be used for a variety of purposes, such as in the agricultural sector. It doesn’t also run a side gig delivering your groceries and filing your tax returns.

“Intentionality” is another part of this equation. The term “intentionality” means that you will be making all your decisions, and taking all your actions, in an intentional, deliberate manner – not haphazardly, or in an unfocused way.

To be specific and intentional, you need to form plans, have preferences, develop a clear sense of vision, and stick with it.

 

  • Time management and discipline

 

For anyone who wants to enjoy a good degree of success in their professional life, mastery of time management and self-discipline is essential. You’re not likely to stay employed long if you keep missing deadlines and turning up at work late every morning.

For an entrepreneur, time management and discipline are significantly more important because everything relies on you and your ability to be self-driven and productive.

If you’re not naturally great with managing your time and being disciplined, you’d best get working on it immediately. Schedule your days out in advance, wake up at a regular time each day, and be consistent. Wear a watch and time yourself with everything you do.

 

  • Balance and self-care

It’s all very well to be highly driven and self-motivated in your professional life. In fact, it is absolutely essential.

That being said, working like a maniac around the clock, all day every day, is a sure path to burnout. In order to maintain health, consistency, and longevity, you need to develop an appreciation for balance and self-care.

Work hard, and work in a structured and disciplined way. But, when you’re not working, do things that help to rejuvenate you, and get plenty of sleep if you can manage it.

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