5 Key Habits Of Successful Small Business Owners

Posted by Karen Erdelac on Dec 15, 2016

5 Key Habits Of Successful Small Business OwnersDeveloping habits that are conducive to business growth and innovation is instrumental in the success of a small business owner.  There are times owners become complacent and start to lose the edge that helped their company to take off.  Focusing your energy into making best business practices into everyday habits will provide many benefits for your personal and professional life.  While some strategies may be obvious, there are other small things that can have a big impact.  Here we’ve outlined 5 daily habits that can help your company grow and become more efficient.

1. Connect

Make a commitment to add at least one new relevant social media connection each day.  This will help to expand your network and give you another source of information.  When you make that connection be sure to reach out to them and start a dialogue.  This doesn’t have to be an in depth conversation and there will be times your new connection won’t respond.   The ones that do could influence prospects, help to distribute your content and some may even end up becoming clients.  Networking will influence all aspects of your business and is well worth the dedicated time.

2. Email Etiquette

Thoroughly proofread every email you send and make sure the tone of your writing aligns with the intention of your message.  Many times hastily written emails can sabotage relationships and in most cases you may never be made aware you’ve done so.  When it comes to sensitive situations it is always best to make a live touch rather than composing an email that may not convey an accurate message.  Communication is one of the great keys to small business success and you should do your best to ensure each one conveys the tone you intended.

3. Read

5 Key Habits Of Successful Small Business OwnersMost highly successful business leaders will readily admit that they are avid readers.  Constantly learning and finding ways to improve yourself as well as your business will pay great dividends.  This will allow you to keep up with industry trends, find niche markets and help you to create new solutions.  Innovation is at the core of a winning business plan and continued education is necessary to make it possible.  Reading also improves your vocabulary and makes you well rounded.  This will improve your communication and relationships with people of different cultures and backgrounds.

4. Help Others

Lending a helping hand to your fellow professionals is always a good business and PR move.  This could be as easy as offering suggestions for solving pain points or even just sending a relevant article via social media.  You may take it a step further by introducing them to new distributors or potential clients.  If your intention is to truly help someone without expecting anything back the returns will be that much greater.  It will encourage those same people to help you when the opportunity arises and the benefits you gain could far outweigh the small amount of effort you put in.

5. Take Care of Yourself

Keeping your mind and body in good condition will give you more energy, help you to focus and allow you to have a more positive mental attitude.  Proper nutrition and getting enough sleep contribute greatly to your health and well being.  They also will help to reduce the significant stress levels associated with running a small business.  Taking time off is also important to keep your mind fresh which will aide in creativity and innovation.  Making a conscious effort to take care of yourself on a daily basis will improve your overall health as well as the health of your business.

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Topics: Small Business