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The Single Most Important Habit of Successful Entrepreneurs

The Single Most Important Habit of Successful Entrepreneurs
In his book No B.S. Time Management for Entrepreneurs, business coach and consultant Dan Kennedy reveals the steps behind making the most of your frantic, time-pressured days so you can turn time into money. In this edited excerpt, the author describes the one habit you should adopt--and stick to without fail--if you want to be successful. I’m sure there are exceptions somewhere, but so far, in 35-plus years of taking note of this, everybody I’ve met and gotten to know who devoutly adheres to this discipline becomes exceptionally successful and everybody I’ve met and gotten to know who ignores this discipline fails. The discipline I'm talking about is punctuality -- being where you're supposed to be when you're supposed to be there, as promised, without exception, without excuse, every time, all the time. First of all, being punctual gives you the right—the positioning—to expect and demand that others treat your time with the utmost respect. Let me give you one example. Dan S. Related:  Time management

The Importance of Punctuality The life of George Washington was characterized by a scrupulous regard for punctuality. When he asked a man to bring by some horses he was interested in buying at five in the morning, and the man arrived fifteen minutes late, he was told by the stable groom that the general had been waiting there at five, but had now moved on to other business, and that he wouldn’t be able to examine the horses again until the following week. When he told Congress that he’d meet with them at noon, he could almost always be found striding into the chamber just as the clock was striking twelve. Washington’s promptness extended to his mealtimes as well. And when Washington’s secretary arrived late to a meeting, and blamed his watch for his tardiness, Washington quietly replied, “Then you must get another watch, or I another secretary.” We may no longer live in an age of knickers and powdered wigs, but being punctual is just as important as it ever was. Why Is Being Punctual Important? Here’s why.

Richard Branson on 5 Vital Startup Basics Editor's Note: Entrepreneur Richard Branson regularly shares his business experience and advice with readers. Ask him a question and your query might be the inspiration for a future column. Q: I'm a high school student in Sydney. I've been selling key rings and other collectibles on eBay for over a year. I've found that I love doing business, and would like to continue this in the future - I'd like to own a company myself. I would like to expand my business to selling clothing and other items, but a large amount of homework and a lack of money is holding me back. Felix, I really admire your enterprising instincts and ambition to expand your business. You've made some great choices so far. Given the fact that you're considering expansion, it sounds like your enterprise is doing well, which brings me to your question about homework: I left school at 16 to run Student magazine, because I felt that I could not do well at both. 1. 2. Have you come up with a good name for your store on eBay?

notes on "i am not busy" The not telling people “I am busy” plan. I’ve been working on this plan for a while now. I just added it to my daily Lift habits so I thought I would write about it. When I first started working in tech I regularly worked 10 to 14 hour days. I’d be home by midnight, sleep, get up, shower, and drive back into work. I had the energy to do it, and it seemed like a good use of my time, even though I was being paid for the same number of hours of the day as my friends in HR or accounting. It felt like I was doing critical, valuable work. Everything was an emergency. But the truth is: nothing we did was all that important. When I left Federated Media and started my own company I decided I wanted to try working a bit slower and with more focus. I work until 6pm. During the six months we were making MLKSHK we shipped like crazy. So the final piece I have been working on is never telling people I am busy. Rather than say: “I am too busy, I don’t have any time for X.”

5 Ways to Get Customers to Consider Your Brand One of the things entrepreneurs and chief marketing officers of Inc. 500 companies have in common is their desire to turn "consideration"--marketing-speak for having prospects think of their product or service--into sales. As the head of a marketing communications firm, I hear the word "consideration" multiple times a day. The good news is that there are some surefire ways to get your product, service, or organization added to a buyer's consideration list. Consideration doesn't guarantee your cash register will ring--you'll still have to close the sale--but you can't discount its importance. 1. Earned media provides credibility, which in turn can impact consideration. Here's a tip: Go old-school. It sure broke through the clutter. A recent GE Capital study showed that 81 percent of consumers go online before heading to a store. 2. Instead, Kari, our client, leveraged the award into a feature story in The Huffington Post. 3. So first solve the problem that caused the crisis. 4. 5.

30 Things You Need To Stop Wasting Time On The modern world is fast paced and time often seems to slip by with us barely noticing. It’s for that reason that it’s important that we don’t spend time or attention on things that are frivolous, negative or just plan stupid. Check out our comprehensive guide to things you shouldn’t be wasting your time on, and see if there’s anything on this guide that you can cut out of your life. 1. Putting Makeup on for the gym and sports It looks weird and it’s only going to melt off, which negates the purpose of putting it on in the first place. 2. Get your lazy butt out of bed. 3. Try living life rather than waiting for an acquaintance to update you on how their lunch is going. 4. Life is far too short to waste your time on doing something you hate. 5. Did you hear your message tone? 6. In the immortal words of Vanilla Ice, “If there was a problem. 7. It’s similar to above. 8. Unless you’re getting good advice from people you love, disregard it. 9. 10. 11. Just do it. 12. 13. It’s what they want.

Self-assessment tax returns: the common mistakes to avoid by Bobby Chadha Updated: Jan 23, 2014 Published: Jan 23, 2014 As anyone who is self-employed or runs their own business will know, HMRC requires a full breakdown of expenses and taxes by the end of January. For many, this means hours talking to their accountant and searching for lost documents. Here are the common errors people make when filing their self-assessment returns and how you can avoid them. The common typo The most common mistake made by small business owners or entrepreneurs is simple: not triple checking every last detail. There are plenty of mistakes that can creep into your form, so, while it may seem like an obvious piece of advice, force yourself to look over it again and again until you are absolutely certain that every piece of information is recorded in the right place. Not using an accountant If you are still unsure about even the slightest element of your return, then ask your accountant. Ignoring your business Failing to understand the financial year Not leaving time

The Origin of the 8-Hour Work Day and Why We Should Rethink It One of the most unchanged elements of our life today is our optimal work time or how long we should work – generally, every person I’ve spoken to quotes me something close to 8 hours a day. And data seems to confirm that: The average American works 8.8 hours every day. At least, those are the official statistics from the Bureau of Labor Statistics: And yet, for most of us it is obvious that knowing how long the average person works every day has little to do with how efficient or productive that pattern is. With success stories from people working 4 hours a week, to 16 hours a day, it’s hard to know if there is an optimal amount. Share stories like this to your social media followers when they’re most likely to click, favorite, and reply! Why do we have 8 hour work days in the first place? Let’s start out with what we have right now. In the late 18th century, when companies started to maximize the output of their factories, getting to running them 24/7 was key. So there we have it. 1.)

5 Questions That Measure Team Toxicity: Organizational Health Matters Being a great team is a choice. It doesn't just happen naturally when you bring together a group of talented individuals; it takes hard work and a firm commitment. The sum of a team's parts is tremendous when working cooperatively, as is the pay off for all that hard work. That's the good news. The bad news: Most startup teams are actually functioning more like working groups, which look like teams but don't achieve the same results because they're just not as productive. What's the key difference? So how do you know if your team is healthy? 1. You can tell a lot about a team by its meetings. Equally bad is the meeting that plays like one PowerPoint deck after another, leading up to a foregone conclusion. When a healthy team meets, it discusses issues relevant to everyone present. 2. Do people hold back their honest opinions from the group? The reason doesn't matter. 3. Do team members hold one another accountable and discuss destructive behaviors openly? 4. 5. Let's play this one out.

How to destroy Programmer Productivity | George Stocker The following image about programmer productivity is making its rounds on the internet: As Homer Simpson might say, it’s funny because it’s true. I haven’t figured out the secret to being productive yet, largely because I have never been consistently productive. Ever. Sometimes I just can’t get anything done.Sure, I come into the office, putter around, check my email every ten seconds, read the web, even do a few brainless tasks like paying the American Express bill. I’ve read that blog post about half a dozen times now, and It still shocks me that someone who we see as an icon in the programmer community has a problem getting started. I’m glad I’m not alone. I’m not here to share any secret methods to being productive, but I can tell you what has kept me from being productive: Open Floor plansDevelopers arguing about Django vs. .NETDevelopers arguing in generalA coworker coming up to me and asking, “Hey, did you get that email I sent?” Discuss this post on Hacker News or Reddit. Like this:

Why your business is NOT too boring for Pinterest Pinterest is more than just a photo and video-driven community for people interested in food, fashion, weddings and lifestyle: it’s become a marketing force. Recent studies have shown that it’s a massive driver for referral traffic to websites, exceeding Google+, YouTube, and LinkedIn combined. However, Pinterest can also appear to be a little intimidating for companies that aren’t in the lifestyle sector. How to make Pinterest work for your brand The good news is, that’s not the case at all – as I’ll show later in this article. Pinterest is an online pin-board for web content: images, videos, documents, text, articles, case studies and more. To pin content onto your board, you can click on “upload a pin” for offline content (from your network, for example), or “add from a website” to pin content from another site. Other Pinterest users can choose to “follow” your brand, and you can follow others. Pinterest creativity for less ‘exciting’ businesses General Electric Cambro Manufacturing 1. 2.

How to Scale Yourself and Get More Done Than You Thought Possible The following is a detailed write-up of a popular productivity talk delivered by Scott Hanselman. Visit his blog,, for more productivity tips. "Don't worry, just drop the ball." This counterintuitive advice is one of a dozen-plus productivity practices preached by Scott Hanselman, a program manager at Microsoft, author and avid blogger and speaker. "Dropping the ball is sometimes the right answer," Hanselman says. Hanselman's not the person you'd to expect to hear encourage dropping the ball and discourage burning the midnight oil. How does he do it? "A lot of people say, 'Well, Scott, you're doing all this stuff. "It turns out," he continues, "the less that you do, the more of it that you can do. Scale Yourself In a 40-minute talk Hanselman originally delivered in 2012, and has since presented several times—most recently at South by Southwest Interactive earlier this month—he shares his productivity practices. Look for Danger Signs "Hope is not a plan," Hanselman says.