Five Small Habits That Will Make Your Small Business More Successful

5 habits

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By Jared Atchison

One of the keys to business success is looking after the small things, but it’s not just a case of one and done.

That’s why it’s important to keep doing the small tasks that help your business to grow, day in and day out. Here are some good business habits that will help any enterprise be more successful.

1. Delegate

Ever felt that you have too much to do in too little time? Chances are you’re trying to do everything yourself, which is a common business mistake many entrepreneurs make. Just because you can do everything yourself doesn’t mean that’s the best use of your time, or that you’re the best person for the job.

Instead of doing everything yourself, you need to learn the art of delegation. Although I still struggle with it, I’m getting better. I work with some of the most amazingly talented people in the world, and I trust them to make the right decisions and do great work.

Instead of micromanaging, we assign tasks and responsibilities to each person in the team. That means everyone’s working to their strengths and the whole business benefits. The sooner you learn to delegate, the better it will be for your business and mental health.

2. Be Frugal

Being frugal is vital, especially in the early days before your business has a consistent track record of profits.

Often, entrepreneurs go crazy on spending big bucks for fancy equipment, office space and so on. That’s a terrible idea, because overspending can leave you out of pocket, and stop you from reaching your long-term business goals.
If you find a way to reduce cost, go with it. The more money you can save, the more you can keep — it’s that simple. And if you do have cash burning a hole in your pocket, try investing it in something that will grow your business rather than the latest must-have gadget.

3. Track Mentions and Reclaim Links

Tracking brand mentions lets you see what people are saying online about your brand and can help you understand your customers and respond to critics.

While it takes time to build a solid reputation for your small business, it can be undone in just a few hours if you’re not paying attention and responding to people’s comments and concerns. That’s why it’s essential to monitor your social media presence and brand mentions on a regular basis.

Now, monitoring can be a challenge if you don’t have a way to automate and streamline the process. We use BuzzSumo and Google Alerts to discover brand mentions online.

Along with monitoring mentions, you’ll also want to build links to your website to enhance your online reputation. With BuzzSumo, you can also find opportunities on the web where you’ve been mentioned but haven’t been properly linked to. Then, all you have to do is make contact with the site owner and ask politely for the link. Most site owners are happy to oblige.

4. Improve Your Time Management Skills

Ever felt that you need more time to get things done? Want to know the secret trick that helped me add more hours to my day?

The best tactic is to start waking up early. I used to be a night owl for many years and thought I was being more productive, but as it turned out, I was just lying to myself. I now wake up at 5:15 a.m. every day, and I can say that I’m at least 10 times more productive than when I used to work late nights.

Time blocking is another great habit that’s helped me boost my productivity. The concept is similar to creating a financial budget on paper, except in this case you’re planning to spend your time rather than money.

All you do is block out time on your calendar for the main things you want to achieve. This allows you to focus on your top priorities, create hard boundaries, and live your life the way you want.

5. Meet a Leader You Admire

We all have people we admire. Whoever it is, you’ve probably dreamt of meeting them in person or online. The best thing is you can get valuable insights from those leaders that you’d spend months, if not years, learning on your own.

Ideally, you want to learn from someone who has experience, a proven track record, and who practices what they preach. You can meet leaders at conferences and ask to interview them, or simply ask for their insights into a specific topic or problem.

The worst that someone can say is “no, sorry” – and if you don’t ever ask, you won’t ever receive.

By allowing you to focus on your strengths, track your online reputation, manage your time and money and get insights from mentors, these five practices will make a huge difference to the productivity of your small business and will help you grow as a person. Make them daily habits, and you’ll be poised for business success.