There’s a common misconception amongst new business owners that working hard equals success. While hard work is a component of running your own business, there are several other core disciplines that will act as the foundation of success and create a road map for the future.
Over the past few decades, we’ve worked with and helped many TravelHost Owners realize their dream of owning a successful business. We’ve noticed that all successful Owners share a few traits in common. We want to share with you the five disciplines needed as a business owner:
There’s an old saying: “Being self-employed means I get to choose which hours I want to work—any 12 hours of the day!”
Success comes to those who chase after it. If you value your personal time more than your business, chances are it will have a direct impact, especially in the critical first few years. While running your own business does give you the freedom to set your own schedule, you need to have the discipline to do what it takes to get the job done.
For example, we’ve noticed that some business owners will use the hour before bedtime to do light work—instead of watching t.v. or browsing the internet. They’ll even spend a few hours on Saturday and Sunday preparing for the week ahead.
Do you want success? You’ll have to work for it.
As with most things in life, there’s a “honeymoon period” for most new business owners. This is the time when everything is shiny, new, and exciting. They’ve got their routine down pat and are working hard towards their goals. Once that honeymoon period is over, reality starts to set in—and this is where they tend to falter.
Success in business doesn’t happen overnight. It’s the result and culmination of many months or even years of hard work and dedication. It can take a long time to go from zero to having something of value. Too many new business owners give up far too early—as they weren’t mentally prepared to walk the path that many successful business owners have walked before them.
A successful business owner will face each day with the same rugged determination to give it their all—regardless if they see success just yet.
As a new business owner, you could face trials and tribulations that can mentally take their toll—if you let them. A vital component of being a successful business owner is having the right mindset that prevents negative thoughts from taking control of your life.
The attitude you have is what will make or break you. The thoughts and mental attitude you have can act as a self-fulfilling prophecy. A successful business owner doesn’t view failure as a negative. They instead view it as a positive—a learning experience that can guide them in the future.
Successful business owners realize that the way they think will either destroy them or allow them to grow and prosper. The choice is yours.
Disorganization can and will lead to failure. There’s no such thing as “winging it” when it comes to running your own business. There are plenty of free and paid online organizers that can help you plan your days and weeks ahead—don’t rely upon post-it notes taped to your computer monitor.
Being organized can also help save you a tremendous amount of time, especially during tax season. File organizers are inexpensive and a great place to store receipts and other important documents.
If you make it a point to get—and stay—organized, you’ll find that your days will run much smoother.
TravelHost Owners have a leg up on other self-employed business owners. They’re given a road map from Headquarters that clearly spells out a path forward. However, the truly successful Owners will often leave their comfort zone and establish a pattern of new behaviors that will help them achieve their goals.
Being resourceful means that if you don’t know how to solve a particular problem or challenge, you’ll figure out a way to do so. In other words, you won’t take “no” for an answer because you’ll have the resources to help figure out the solution.
Discipline, Work. Work, Discipline.
Running a business can be a highly rewarding and fulfilling experience. However, before you get to that point, you’ll have to pay your dues. By incorporating the above five disciplines into your daily routine, you’ll find that you’ll have the skillset needed to face any challenge as you work your way to success.
Starting a new business by yourself comes with many risks. This is why some business owners choose to buy into an already established business, such as TravelHost Owner. It helps remove much of the uncertainty and can provide you with a proven road map to success—along with a network of supportive and already successful business owners.