How To Be A Better Entrepreneur

Entrepreneurs are constantly looking for ways to boost their performance and maximize personal output. Suggestions such as better time management, delegating tasks and improving physical fitness, are useful for getting better results now. However, your strategy on how to be a better entrepreneur should also include long-term tactics. You Don’t Need To Be An Expert As an entrepreneur, you don’t need to be a bona fide expert at something in order to use the knowledge to your advantage. In fact, you can make tremendous gains in any area or discipline if you work at it regularly for an extended period.

How To Be A Better Entrepreneur

Business philosopher Jim Rhone advocated, what we become in life is more important than what we get out of it. Focusing on what we are becoming leads us to be more creative and more inspired. As a result, getting more comes naturally. Which new skill would make you better at what you do? Are there any holes in your professional background that need to be filled to make you more competitive? Take the time to do a personal SWOT analysis and start working on improving yourself in the area that needs it most. (Strengths, Weaknesses, Opportunities, Threats)

Embrace The 5-Hour Rule

The 5-hour rule is the practice of putting aside one hour each day, or at least five hours each week, to practice something that will help you grow. You must use the time for deliberate daily practice of something that will ensure your personal improvement. Where do you find the time? Take your daily to-do list and pull out those items that belong in a 20-80 list based on the Pareto principle. Try to delegate the rest.

Ruminate

Ruminating helps you gain perspective on the lessons you’ve learned and it allows you to assimilate new ideas. It helps develop hunches that lead to creative breakthroughs. Some like taking walks alone to process these insights. Others prefer deliberating with conversation partners or in groups. Find what works for you.

Set Aside Daily Reading Time

Most successful people read a lot. They read news, industry articles, how-to books and biographies. They read to gain knowledge, improve their mindset and to better their mood. Beyond reading, successful people study. They study trends in their industry and beyond.

Wrap – How To Be A Better Entrepreneur

There are always more things to do in a day than you have time for. That’s why it’s important to focus on what matters most every day. You should have two lists on your desk: a to-do list and a 20-80 list based on the Pareto Principle. As an entrepreneur, you need to focus on the 20-80 list, and delegate tasks that are on the other list whenever possible.