The Habits That Make Entrepreneurs Lose Millions

I decided to tell you about five bad habits that you should get rid of if you want to earn more. And not to lose money where others do.

Learn only from your mistakes.

If you already have people in your field who have experience and knowledge, why not learn from them? Why strive to step on a rake where others have already learned to bypass them?

I’m not saying that mistakes are bad, we should try to avoid them, and so on. But in business, mistakes can be very costly, and if there is an opportunity to do everything right at once, then use it.

Although if you have a couple of extra million that you can spend on “learning from your mistakes”, go for it. If not, then just learn from other people’s mistakes, study all possible materials. So that later it does not happen that you burn out on elementary mistakes and begin to believe that “business is not mine”. And spend a lot of money on top of that.

Compare yourself to Steve Jobs or any other successful person.

From childhood, we learn to compare ourselves with other people. A rare child has not heard that: “But John is great, he listens to his mother. Take an example! “

You can, of course, find a benefit in comparison. After all, when we compare ourselves with others, we can roughly determine our level and adequately assess ourselves and our skills. But when we compare ourselves with a specific person in order to understand whether we are better or worse, then this is harmful. We are missing one important detail — we did not “Hawaii” the same as this person. We did not go his way. We did not have the same conditions, the same opportunities, and difficulties.

Therefore, it makes no sense to compare yourself with someone else. And there is no point in trying to repeat success for someone, doing the same as he did. With the same ingredients as the best chef in a restaurant, you won’t make the dish the same way he did.

No matter how trite it may sound, compare yourself only with yourself yesterday. Find your way and be yourself.

Don’t count money.

It is a fact: ask any businessman how and where money and clients come to him, and in half of the cases he will not know this.

Many people simply do not keep a budget and do not count on money. They know that they have made about that much money and spent that much. And that’s all. Even the conversation will not have time to reach any analysis of the cash flow.

Business does not like negligence in relation to money. If you don’t count them, then you are losing them. So we take books on financial literacy and learn how to count money.

Do everything yourself.

When you are a beginner and you have no subordinates yet, then you do absolutely everything yourself. And you yourself look for clients, and prepare quarterly reports, and buy yourself paper for the office. But if you do all this when you have the opportunity to hire people, then you are ineffective. You don’t value your time and you are wasting it.

A business can only be considered a business that can function without an owner. And if no one can even buy scotch without a leader, then the business will not stand for long.

Learn to delegate. Every time you do something that someone else might do, you waste time and money.

Seek the highest meaning in everything.

There are no great companies that do not have a higher purpose and mission. The ultimate goal is great motivation, but don’t get too overwhelmed. That is, trying to find meaning in every small action, for example, in transferring papers from one pile to another.

Sometimes you just have to do it. When the point of what you are doing is getting money, what exactly is the problem? Why ennoble it with a higher meaning? Just do it. Just get paid for it.