Tag Archives: business habits

How to Turn Your Business Dreams into Habits

The whole notion of “turning your business dreams into reality” may sound cliché, but goal-setting is important. Business dreams can be the initial spark that gets you to take action. To convert the abstract into the tangible, turn your business dreams into habits, which involves a three-step process.


1. Develop a “Blueprint”

The first and most essential step is to decide what your ideal vision is. You need to look at things on the macro level and have a clear idea of your overarching dream. You can liken it to building a house where your ideal vision will serve as the “blueprint,” which will guide you during construction.

By looking at that blueprint you will know what materials are necessary to build the house, and you can follow it until your business dream has fully materialized. Be as specific as possible and stay away from nebulous terms like, “I want my business to be successful,” or, “I want it to be profitable.” Instead, opt for tangible, measurable goals like, “I want to increase sales by 25 percent by [X date].”


2. Create a Series of Smaller Goals

Next, you’ll need to figure out the sequence of steps that must be accomplished for your dream to become a reality. Again, be highly specific and really think it through until you know exactly what needs to be done.

For example, if your dream was to increase sales by 25 percent, you might:

  • Hire two high caliber salespeople
  • Launch a rebranding campaign
  • Enroll in a course on conversion rate optimization (CRO) for your website
  • Increase sales by 10 percent in Q1
  • Increase sales by 15 percent in Q2
  • Increase sales by 20 percent in Q3
  • Increase sales by 25 percent in Q4


Once you have your sequence of goals defined, it’s time to build habits around them.


3. Engage in Daily Habits

Figure out which specific habits you need to engage in to accomplish your smaller goals, which will ultimately actualize your business dreams. Here are some habits that would increase the likelihood of increasing sales by 25 percent:

  • Reading one high-end blog post every day about attracting and retaining top tier salespeople
  • Reading one blog post every day about maximizing employee productivity
  • Reading one chapter a day in a book on branding
  • Completing an assignment each day for your CRO course
  • Spending one hour a week brainstorming new branding ideas
  • Spending one hour a week doing market research to identify industry trends

There’s one more important point to make. Not everything will work out as you plan. It’s just not realistic. You should account for this by creating a “pivot,” which means having a backup habit to overcome any challenge you face along the way. Being flexible and adaptable should reduce any friction and help you stay the course.

The process of turning your business dreams into habits essentially involves reverse engineering. By completing daily habits, you can accomplish smaller goals, which should eventually enable you to accomplish a major goal on the macro level.



Five Things You Must Do Every Day for Your Business

In his book Tools of Titans, Tim Ferriss studies the daily routines and habits of some of the world’s most successful entrepreneurs. After reading it, one thing becomes abundantly clear — there’s a correlation between performing certain daily tasks and long-term achievement. Here are five daily habits that will help you get ahead in business.


1. Analyze Key Metrics

Analytics are deeply intertwined with modern enterprise. The companies that thrive are typically the ones that keep close tabs on metrics spanning multiple areas of business. Some good examples include:

  • Website traffic and visitor behavior
  • Marketing campaign performance
  • Sales trends
  • Financials

It’s smart to spend time each day going over the metrics that most impact your business and make adjustments as needed.


2. Check the Progress of a Major Project

Your company is likely to have a particular project going on that takes precedence over all others. Maybe you’re working on a crowdfunding campaign to obtain capital for a new product launch. Or maybe you’re implementing new CRM software. Whatever the case may be, it’s crucial that you check on the progress daily to see if any areas demand your attention.


3. Learn Something New

We live in a dynamic and often tumultuous world where change is the only constant. This is especially true for industries like healthcare, tech and retail that experience an immense amount of change. One of the best ways to stay current is to simply learn one new thing a day. It doesn’t require a massive time investment but can have a huge payoff.

This quote from Joe Carlozo summarizes it perfectly:

~ If you learn one new thing every day, you will overcome 99 percent of your competition.


4. Exercise

At first thought, it may not seem like physical exercise would have an impact on your business performance. However, research from The Harvard Business Review suggests that regular exercise can positively impact productivity and overall workplace performance.

More specifically, it can lead to:

  • Improved concentration
  • Sharper memory
  • Faster learning
  • Prolonged mental stamina
  • Enhanced creativity
  • Lower stress

This isn’t to say to that you need to spend hours in the gym each day. If you don’t have the time to engage in a regular exercise regimen, you can always fit in exercise at work.


5. Question Assumptions

As humans, we have intrinsic assumptions about the world and often take reality at face value. This can lead to a dogmatic way of thinking that isn’t always conducive for breakthroughs.

Another trait among the world’s top entrepreneurs and billionaires is routinely questioning assumptions. Just because something has always been a certain way for years and years doesn’t mean that it’s right or most effective.

Once you free yourself from self-imposed limitations, you might be surprised at what seems possible. Spend some time questioning assumptions and it’s only a matter of time before you have some brilliant insights.

Getting into the right habits can facilitate positive personal change that ultimately leads to the growth of your business. These five daily habits can have a profound impact on you as an individual and on your business.