The road to entrepreneurship is incredibly self-reliant--which means that to succeed, you need to be emotionally attuned to the way you conduct yourself and your business.
I've worked with--and for--entrepreneurs who lack this emotional intelligence and awareness. It has drastically held them back. I've even caught myself slipping into these errors: Knowing about makes it so much easier to avoid them.
So, learn about these three glaring issues that many founders face--at least, in my experience. Cutting these three toxic habits will propel your ability to be a successful entrepreneur.
1. Stop accepting mediocrity.
My friends who are founders joke that they have "founders disease." Since their lives are all about efficiency and ensuring that their company is executing best practices, they soon become baffled and extremely frustrated by subpar customer experiences.
In other words, successful entrepreneurs don't accept mediocrity.
This doesn't only apply to business. If you want to be a successful entrepreneur, you need to learn to stop accepting mediocre relationships (ie time wasters), experiences, and especially don't accept yourself as being mediocre. Always strive for more.
As the great entrepreneur Henry Ford said, "Mediocrity is the worst enemy of prosperity."
2. Avoid time-wasting activities.
Especially in entrepreneurship, time is money. Good entrepreneurs are cautious of their time, and they do everything they can to avoid time-wasting activities. So, avoid nurturing relationships and habits that won't nurture you back.
Elon Musk demonstrates this by the way he runs meetings, encouraging everyone present to be essential to the topic of discussion. According to a former employee who wrote about this on Quora, Musk even goes as far as calling out people who aren't actively participating by asking them why they're even there.
I've been in productive meetings that have propelled enthusiasm, strategy, and helped my team get closer to our goal. I've also been to plenty of meetings that have been a huge waste of time, so much so that I own a coffee mug that says, "This meeting should have been an e-mail."
This doesn't mean you should avoid any and everything that won't get you and your business ahead. It just means that good entrepreneurs evaluate how their processes and how they spend their time. This is a crucial part of productivity and helps keep you aware of major time-wasting activities.
3. Don't ever categorize yourself as a victim.
Successful entrepreneurs thrive in the face of rejection and don't go down without a fight. You deal with a lot of rejection and struggle, so you can't ever view yourself as the victim. Don't blame your team or other people for your faults and failures.
You should never let your ego or pride make you think you're too good to do a task. If you want to succeed you need to leave self-pride and the blame game at the door.
If you've ever watched an episode of Shark Tank, you probably understand this. Every person has a story, a time in their life where they should have allowed defeat to win. Instead, they pulled themselves out of a bad situation to follow their passion, and bet on themselves.
You need to be able to carry the weight of others. Don't put your problems, mess ups or struggles onto your team or anyone else. The best entrepreneurs are resilient leaders, not victims of their own circumstance.