Entrepreneurial habits: How to go from said to done

GUEST POST from Arlen Meyers

There is no shortage of advice when it comes to tips and techniques on entrepreneurship. Newsletters, blogs, You Tube videos and podcasts could consume the entirety of every day if you’d let it. Most of this advice falls into three categories: 1) how I do it, 2) motivational stories and pieces and 3) advice on how to create entrepreneurial habits. Indeed, there are many myths.

Here are 5 more must have habits.

It turns out that habitology has a physiologic and anatomic basis, residing in your basal ganglia in your brain. The process involves three parts: the trigger, the habit and the reward. If you want to change certain behaviors, you have to change the triggers and rewards. That’s why changing behaviors on a vacation is a good idea-the triggers are gone or different.

Here is more about the neurophysiology of breaking away from habits and getting in touch with your orbitofrontal cortex.

Increasingly, full time clinical practice is not providing personal and professional satisfaction for doctors and they are looking to supplement their patient care work with other interests, including entrepreneurship. Changing gears, however, requires creating new habits and changing patterns of behavior that have been ingrained over 25 years of educational training and have have been reinforced by the medical culture.

Entrepreneurship starts with the right mindset. Once you have the right mindset and get rid of your inner grump, then the next step is to create entrepreneurial habits.

Read why it is unlikely you will meet your goals or won’t stick to your resolutions.

Here are some new entrepreneurial habits that might contribute to your success:

1. Put 5 books on your nightstand that you read for 30 minutes before going to bed. William Osler suggested it for doctors but it should work for entrepreneurs, too. Yes, you can read 50 books a year. The new twist on the concept is the 5 hour rule.

2. Subscribe to 5 newsletters completely outside of your field to find new sources of innovation and inspiration. Most true innovation rarely comes from inside.

3. Write 500 words about anything, anywhere every day. It can be in a journal. It can be on a Pulse post, It can be an evolving book or it can simply be on your iPad. Perhaps the biggest gap in my formal education was in writing. The only way to overcome that deficit is to discipline yourself to practice, practice, practice.

4. Invite at least one person every day to join your linkedin network who you think you can help.

5. Practice social media random acts of kindness when someone asks you to do them a favor that does not compromise your integrity. It’s good for your karmic bank account.

6. Watch children play every now and then. Like Jobs said at Stanford, be playful and stay hungry.

7. Use vacations as a way to create new habits. Change the rewards and cut yourself some slack instead of practicing incessant self denial. Productivity decreases when you reach a certain numbers of hours of work in a day. Try to do more in less time by eliminating unproductive distractions, overconnectedness or finding when your creative, imaginative biorhythm kicks in. Aim to work 20 hours a week.

8. Set goals with your spouse.

9. Have a fun fund. Not an emergency fund. Not a retirement fund, A fun fund you use to reward new and constructive behaviors. Don’t make it too small or too large. Just enough.

10. When your inner voice says no, create a space between the stimulus and your response. Say yes more often and try new things. Say no more often to things and people that are not aligned with your goals.

11. Train your brain to have patience and leave more time for Type 2 thinking (slow) instead of Type 1(fast) that leads to bad decisions based on intuition and bias.

12. Think positively to act positively. Here are 10 ways to do it

13. Keep a daily log of your small accomplishments each day and congratulate yourself. Nothing succeeds like success, not matter how small.

14. See things differently.  Great creators, innovators, and entrepreneurs look at the world in ways that are different from how many of us look at things. This is why they see opportunities that other people miss.

Take advantage of the science of happiness by doing these four things.

Here are 5 more habits to future-proof your brain.

There are no short-cuts along the entrepreneurial journey. There are only habits that take time, repetition and the motivation to develop. You should focus on a few critical behaviors that have:

Implementation criteria include:

  • Actionability: Are people able to perform the behavior?
  • Degree of visibility: Can people see others performing the behavior?
  • Measurability: Can you measure (preferably objectively) whether people are performing the behavior?
  • Speed of results: Can people performing the behavior deliver results in the short term?
  • Ease of implementation: Given the current organizational environment, how easy/difficult will it be for people to perform the new behavior?

Some of these principles apply to organizations as well. When it comes to turning strategy to action, pay attention to this check list

No alt text provided for this image

Here are some ways to turn insight into execution by rewiring your brain and your team’s too.

Part of surgical training involves creating patterns of behavior that are habit forming. While, on the one hand, it helps to standardize care, it also can lead to making Type 1 and Type 2 technology adoption errors and faulty diagnostic thinking because it precludes other possibilities. The same applies to entrepreneurs.

Try to avoid what your basal ganglia is telling you to do when it makes sense. Like the man says, you’ll like how you feel. But, like they say, innovation and entrepreneurship is much easier said than done..

Subscribe to Human-Centered Change & Innovation WeeklySign up here to join 17,000+ leaders getting Human-Centered Change & Innovation Weekly delivered to their inbox every week.

Leave a Reply

Your email address will not be published. Required fields are marked *