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5 Habits of Successful Business Owners

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They start before sunrise.  As the saying goes, “Early to bed and early to rise makes a man healthy, wealthy and wise.”  And indeed, millionaire business owners don’t sit around waiting for things to happen.  They arise early, work hard, are voracious readers and constantly educate themselves.

They get physical.  Millionaire couch potatoes?  Not likely.  From stress reduction to improved mental acuity and cardiovascular health, the benefits of daily physical exercise are well known.  The gym, track or pool can be great places to achieve the micro-focus you need to make a decision or solve a specific problem.  If you question this idea, ask yourself how often you have 30-60 minutes of uninterrupted time in the office.

They cut the fat.  Evaluate and reevaluate which vendors and suppliers can be swapped out for more cost-effective sources.  Appraise ways in which work and resources can be divided.  This is how owners thrive and stay ahead of the competition.

They are organized.  A brain full of innovative business ideas doesn’t work if it is also filled with scattered thinking.  Smart business people take command of their industry and follow through by keeping up with every meeting and deadline via a highly organized schedule.

They never stop visualizing the future.  Though they might like to sell their business for a whopping profit, they know they can’t just assume it will become their nest egg.  Ongoing marketing campaigns and stellar customer service are important long-term business investments.  Smart business owners see the same long-term investment when they consider financial strategies today to increase the chances of making their retirement dreams come true.

There are numerous approaches business owners can employ to add depth and security for meeting their personal retirement goals.  With so much as risk, get the facts you need and then decide for yourself.  It’s far better to get the information you need today, rather than waiting too long.

Source:  Ryan Howison, Insights and Answers 2/15/16

 


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