Being an entrepreneur isn’t easy. You work long hours, take on huge financial risks, put yourself out there at all times, and make split-second decisions that can spell the difference between a success story and a failed venture.
That one-in-a-million idea will only get you so far, after all. And while luck can make magnates out of struggling businessmen and tycoons out of first-time franchise owners, it won’t be enough if you not only want to maintain your success, but to go even further.
It’s the little habits you keep to—the daily routines you live by—that define how your professional life turns out. By building on a good framework, you’ll be equipped with the right attitude, the right mindset, and the right momentum needed to become a successful entrepreneur.
Here are a few things you can start doing every day to keep you moving in the right direction:
1. Begin your workday by finishing a task right away.
Some of the most successful matriarchs wake up early in the morning and immediately get to work. Whether that meant visiting a few outlets and warehouses or meeting with employees to talk about certain issues, they always make sure to get their tasks done. After spending more than 70 years building her business, going without their morning work routine would put them off the rest of the day.
Go full steam ahead as soon as you arrive at work. How your morning begins sets the tone for the day, so start it with a feeling of accomplishment. You won’t be as frustrated or as anxious for the rest of your work day since you know you’ve already ticked off at least one item on your to-do list.
2. Never stop innovating.
Some restaurateurs visit nearly every city in the Philippines in a quest to know the lay of the land. By learning about the markets they’re approaching, they could better plan out the strategies they can use to keep their businesses on top of the competition.
Take time every day to brainstorm for fresh ways to move your venture forward. If you want to stay in the game, you should never underscore the need to have the next great idea. That’s the only way you can stay relevant. Never stop thinking of new things you can improve or ways to grow your business; otherwise, you’ll get stuck in a rut and your company will grow stagnant.
3. Set your goals for the future.
The most successful entrepreneurs keep a close eye on every aspect of their business, and knows how to adapt and expand when necessary. They credits their clear vision for the future as the secret to their success.
An entrepreneur should always be prepared, so end your day by making your to-do list for tomorrow. Aside from keeping you sharp and aware of what lies ahead, it’s also a good way to organize your thoughts and insights. Also remember to evaluate whether what you’re doing at the moment aligns with your long-term goals, and what you should change if not.
4. Celebrate even the little victories.
Alliance Global Inc. Chairman and CEO Andrew Tan, the man behind a number of the Philippines’ top companies like Megaworld and Emperador, appreciates every triumph, no matter how small. He makes sure he’s always got something to be proud about, because in the cutthroat world of business, it’s very easy to lose hope and give up.
Never ignore your failures, but never forget to enjoy the successes you’ve gained along the way, either. Because those moments when everything comes together and you see all your hard work actually amount to something? Definitely worth celebrating with a glass of Emperador brandy in hand.
There’s no list of sure-fire steps to become a successful entrepreneur. Sure, having guts, passion, some bright ideas, and a little luck will help you get started on that track, but it’s what you do every day that will take you to the finish line. Hard work will always be the one essential to any formula for success. Take a cue from how Emperador is transforming from a successful Filipino company into a global powerhouse: never stop improving and innovating, and you’ll never stop reaping the fruits of your hard work.