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Every entrepreneur takes ownership of a business with certain “bad habits” that they have formed over time in response to certain situations they have learned from others or experienced. Whether you know where they come from or not, these habits are often detrimental to your ability to succeed in entrepreneurship, so you need to “unlearn” them to move forward.
9 business leaders below Young Entrepreneur Council Discuss some of the bad habits they had to learn to be successful, how they did it, and the impact the change has had on their careers.
Members from the left in the photo.
Photos courtesy of each member.
1. Overthinking
To me that’s too much thinking! I’m sure almost all entrepreneurs do, and it’s more harmful than we think. For example, I spent his 24/7 thinking about the company’s future. He would check sales figures and check the website for new upgrades every five minutes. This habit is harmful because it distracts you from the main task at hand. Your goal as an entrepreneur is to focus on process rather than results. Don’t overthink it. Instead, plan your vision and focus on executing that plan. In my situation, I had to take some radical steps. I had 10 different company emails set up on my phone, so I deleted them all and left only one. I started to focus on the process and it worked. I am much more relaxed and confident about my business now. Bibab Singh, XTEN-AV LLC
2. Have negative self-talk
I needed to forget about negative monologues and criticisms and quiet my inner dialogue. Before I did this, I had massive impostor syndrome and felt like an impostor. I somehow didn’t deserve it. After doing the inner work to heal these misconceptions, my whole world changed. My belief in it took me to a level I didn’t realize it was possible. My success doubled with almost no effort. Bottom line: If an entrepreneur does his inner work, he will be 100 times more successful internally and externally. – Kam Kashani, Kam Kashani Co., Ltd.
3. Do it all yourself
When you’re an entrepreneur, it’s easy to fall into the trap of thinking you have to do everything yourself to make sure it’s done right. No more time to focus on the important tasks that move you forward. To overcome this, learn to delegate tasks to others. This frees up your time to focus on your most important and strategic tasks. Additionally, it helps improve the skills of team members and makes them a more valuable asset to the company. Breaking the habit of doing everything yourself is difficult, but it’s an important step to a successful entrepreneur. By delegating tasks, you can increase efficiency, reach goals faster, and build stronger teams. – Eric Knight, night industries
4. Participate in burnout
Having been an entrepreneur and an agency for over seven years, I had to forget the culture of working until I was exhausted and setting insane deadlines. is working to create common goals and priorities at the start of every project and then refer to those goals when something needs time to show results. It’s a big risk in the early stages of a career or business venture. As a leader, show them how to set and stick to their time, how to learn and grow outside of work, and how to diversify their experience with interesting hobbies and responsibilities. I still think a lot about work. But instead of burning candles on both ends, we are allowed to focus more and delegate what we cannot do. – Kaitlyn Whitman, rain factory
5. Too thin
Early on, I had to learn not to be too skinny. When starting a new venture, it’s easy to put all your time into it and control every aspect, but that doesn’t change the idea from good to great. You have to believe that you can execute your vision. That being said, as an entrepreneur, you are always working. When I’m not, I’m thinking about the business and how to move it forward. This way, spending less time on routine tasks is actually good for your business. When the mind is free to create and focus on the big picture, the clarity of thought improves and the best ideas emerge. It’s important to remember that, after all, the goal is to make your job do the job. – Greg Ashton, growing up
6. Multitask instead of focusing
One of the hardest habits to break is multitasking. For a long time, I treated multitasking like a badge of honor. I could listen to a podcast while working on a client’s account while Slacking with a teammate and her on another monitor. When you stop multitasking and focus 100% on the task at hand, you can work on projects more efficiently and get more done. By truly focusing on a specific task, you’ll make fewer errors, be more efficient, and be more focused throughout your day. – chase williams, Market My Market
7. Stick to perfectionism
Perfectionists can lead to procrastination and delay. Because leaders are too focused on doing everything right. Many leaders believe they should be involved in every decision and detail of their business, which is completely against quality hiring. We hire smart people who have the skills and effective communication to fill the role perfectly. I was always skeptical about whether things were going perfectly. I micromanaged it and it created some really bad situations. I told myself I needed to adapt. Thankfully, I’m a completely different leader now. I got professional help in the form of business coaching. – candice georgiadis, digital day
8. Procrastinating Important Tasks and Decisions
One bad habit I had to “break” was procrastination. It manifested in many ways, including regularly procrastinating important tasks, setting clear deadlines for yourself, and avoiding decision making. To overcome this habit, I use strategies such as breaking large tasks into smaller, manageable steps, setting specific deadlines and holding myself accountable, or using time management techniques. Additionally, as an entrepreneur, I tried to identify the underlying reasons for procrastination, such as fear of failure and lack of motivation, and worked to address those underlying issues. This leads to increased productivity, efficiency and ultimately business success. – Kazi Mamun, CANSOFT
9. Keep it cheap
Quality is worth paying for. In my early days as an entrepreneur, I was working on a tight budget, so I thought I could do things cheaply and it would work. But as I’ve discovered over the years, quality is something you have to pay for. This is especially true for anyone working on a product, whether engineering or design. – Andy Calza, nacho nacho
