These are the times of disruptive technologies. The number of people dropping out of their colleges to work on their Startup is at an all-time high and many high net worth individuals are lining up to invest in disruptive ideas. But the Challenges are not eliminated, the markets are really competitive and as more start-ups are founded there’s more chance that most of them will die within a year or so.
A Startup is heavily dependent on the vision and hard work of its founders. An Entrepreneur’s lifestyle, mood, motivation, and skillset directly affect the chances of success of the business. It’s important to work on yourselves before you can work on your start-up. Zach Vouga, who is the Co-Founder of Plant Power Fast Food which is one of the most popular fast-food chains in America shares the habits he inculcated to ensure his and the start-up’s success.
Learn and Read a Lot: Learning is a lifelong process. To become successful at anything, every person needs to widen his horizons and reading is the best way to do that. Many successful people around the world have been found to spend hours in a day reading. Reading helps you learn and consistent learning is imperative for your personal and financial success.
Create a Routine: A routine helps you to manage your time effectively. As an entrepreneur, there’s always a huge list of to-do for any particular day. To keep up with the speed and efficiently complete all of the day’s tasks. It’s required that you set a routine. A routine will also help you in allocating time for certain important tasks like exercise, sleep and meditating, etc.
Learn Finance Management: Money is a very important tool. While it helps you in building great things and visualize your dreams. It can also be a deciding factor in the success and failure of your startup. Money management is a crucial skill that is not taught in any of the schools. But every entrepreneur needs to learn and master the art of managing personal finances so that they can figure out ways to make profits in business too. Having a record of every penny you spent in the month/ year helps greatly in learning money management.
Prioritize Sleep: Running a startup is an arduous job. And it’s important that the entrepreneur stays at his top cognitive and creative abilities so that he can take the best and most productive decisions required for the success of the startup. A good night’s sleep of around 6-8 hours ensures your mind is fresh, calm, and more creative to handle these daunting tasks.
By far, entrepreneurship is one of the most exciting and riskiest careers any person can choose. While you can never be sure that your startup will be successful or not, the best way is to watch the journey of entrepreneurs in your field like Zach Vouga in the Food Industry. The more you learn about the lifestyle of these successful people and inculcate their habits. The more productive you will be in your life.