By Kayla Matthews
Success as a business owner entails developing great habits that promote efficiency and productivity, as well as an ability to fairly and effectively communicate. Acquiring these traits is easier said than done, but entirely possible for a motivated business owner seeking success.
Efficient, professional business owners share several habits and traits that contribute to their success, including:
1. Enthusiasm for Local Partnerships
Business owners should play a strong role when partnering with local establishments, which can build local buzz and attract loyal customers. It’s a good idea to strive for exposure that fosters word of mouth exposure, which is what partnerships can accomplish. For example, a Nielsen report found that consumers are 90 percent more likely to trust a brand recommended by a friend.
Local partnerships and engagement can provide personal recommendations, both by using opportunities to connect with new customers and showing a genuine passion for the local community. Owners seeking to have a more prominent presence locally should work on their habits relating to community involvement, specifically outgoingness and openness to partnerships.
2. Learn When to Move On
Stubbornness is not a good trait for business owners to have, especially when it comes to sticking with a particular business strategy that’s not working for too long. A good business owner works on their habits of prudence, especially if they identify key performance indicators and conclude that a specific strategy is not working well.
Similarly, a savvy business owner adjusts with trends in their industry, instead of stubbornly clinging onto relics of the past. Business owners should be progressive and quick-thinking while embracing the learning experience aspect of failure instead of lingering too long on that failure.
3. Opportunistic Drive
Being opportunistic is another habit you need to be a successful business owner. A great way to work on this habit is to set aside time each week to educate yourself on new technologies, in addition to examining emerging trends in your industry.
Although the day-to-day tasks of a business can drain an owner into focusing on the now instead of future opportunities, savvy business owners always take some time to examine new technologies with the potential to save time, reduce operating costs and take the business to the next level.
4. Willingness to Hear Advice
Even very successful business owners can learn something new by speaking to others, from fellow business owners to younger consumers who may provide insight regarding a specific demographic of which the business owner may be unaware.
Business owners that close themselves off to new knowledge and rely fully on their own experiences are likelier to fall behind in their industry. Embracing advice or a mentor figure, in the form of a local mentor or business advisor, can provide additional perspectives that help aid important business decisions.
5. Boost Your Mental Health
Business owners often have a whirlwind of tasks and obligations, which can cause long-term stress that impacts both physical and mental health. It’s a good idea to develop habits that help in boosting mental health.
Eating breakfast is a habit that many overlook, despite breakfast being great for mental and physical health, resulting in improved concentration, enhanced memory and advanced cognitive abilities. Only 33 to 48 percent of Americans regularly eat breakfast, so business owners should strive to ensure they are part of that group by eating a healthy breakfast.
Help Yourself and Your Business
Business owners that aspire to greater success should work on these five habits, which promote quality exposure for their business, in addition to greater opportunities and a better foundation for mental and physical health. The result will be someone running the business who is equipped to handle anything that comes their way.
About the Author: Kayla Matthews writes about communication and workplace productivity on her blog, Productivity Theory. Her work has also appeared on Talent Culture, MakeUseOf, The Muse and Fast Company.