5 Habits of Highly Effective Entrepreneurs

By MBO Partners | December 19, 2019

5 Habits of Highly Effective Entrepreneurs

There are many paths to become a successful independent professional, but there are several key stepping stones that can put you on the path to success. Here are five habits to keep in mind if you are considering going independent, or if you feel like something is missing from your routine that’s keeping you from being your best.

1. Start Your Day with Breakfast

It may seem silly that an idea as simple as this makes the list, but in the morning rush of checking your phone, responding to emails, and answering client questions, taking the time to start your day with a well-balanced breakfast can easily be overlooked.

Running your own business comes with a lot of responsibility and pressure—that takes energy, so why start on empty? Setting aside a small window of time in the morning for breakfast allows you to focus and take a moment to get mentally organized before diving into work.

2. Prioritize Checking and Responding to Email

Today, email has essentially become a virtual to-do list of what needs to be done, where, when, and in what manner. Email is a great tool and is an essential part of your business, but that full inbox can be overwhelming.

Start your day (after breakfast, of course) by checking your email right away so you can create a rough schedule of what you need to do. Prioritize responding to client emails so you don’t forget about them, and once you read through or respond to an email, archive or file it to keep your inbox organized.

3. Value Your Time

The idea that your time is worth money is at the heart of every independent business—after all, it’s how you gain income. But what about that time beyond when you are directly providing a service to a client? All those minutes of in-between time or side projects can quickly add up to a few extra hours each week. How do you place value on that?

Take some time to think through how you value your time, not just for billing purposes but also for setting priorities and goals for your business. How much you think your time is worth will dictate how and when you choose projects, charge clients, and take time off.

4. Learn to Say ‘No’

Many independents feel as though they have to accept every project that comes their way, but the truth is, you don’t. If you feel a project will be too overwhelming, too costly, or simply does not align with what you want to do, don’t hesitate to say no.

Yes, you want to make money and grow your business, but over-committing or taking on the wrong type of project can be costly. When accepting new work, consider all of the factors that will go into the project and how well it fits into your long-term business plan.

5. Practice Gratitude

Last, but certainly not least, say think you. No small business can operate entirely on their own. Whether it’s a vendor, supplier, client, spouse, or partner, take time to show your gratitude. A quick thank you note or email can do wonders in the business world and will always be appreciated.

Find independent consulting jobs with top companies through MBO’s marketplace

Join Today!

Related Posts

10 Home Office Gifts for the Independent Professional

December 14, 2021

Many freelancers, entrepreneurs, and small business owners call their home office—or wherever their workplace may be—their sanctuary. An office is a place that should generate creativity, promote health and well-being, and offer both a comfortable and efficient environment. This holiday season, we’ve compiled a list of our top home office gifts that are perfect for…

consultants in group working at desk shaking hands

10 Great Holiday Gifts Independent Professionals Can Give to Their Clients

December 10, 2021

The holiday season is always busy and taking time to find the perfect little something for your client can be an added stress. Rather than settling for a last-minute gift card or fruit basket, take advantage of our annual holiday gift guide. We’ve scoured the web and polled our team members to find some of…

consultants working in office

How to Create a Contingency Plan for Small Business: 4 Steps

December 9, 2021

For many in the business world, a common saying is: “If you fail to plan, then you plan to fail.” This saying rings particularly true for small business owners who often have to carefully balance each aspect of their business—especially in unforeseen situations. Whether you’re sidelined by a family emergency, unavailability of resources, or other…

Learn more about the MBO Platform

For Independent Professionals

Start, run, and grow your independent business with MBO

For Enterprises

Find, manage and retain top-tier independent talent