What Great Entrepreneurs Have in Common (Infographic)

Launching–and sustaining–a successful business requires skills that don’t always come naturally.

And while no two entrepreneurs are alike–each has his or her own unique story for how they started their company–there are characteristics and personality traits that successful entrepreneurs tend to have in common. These include a penchant for optimism, the ability to handle failure, and a love of risk.

The infographic below from Schools.com explains which attributes help entrepreneurs succeed and which pose the greatest challenge for business owners. 

-Courtesy: Inc.com

5 Traits That Make an Entrepreneur Attractive to Investors

Boris Wertz, the founder of Vancouver, British Columbia-based Version One Ventures, meets 25 startup founders a week, but only invests in about 10 the whole year. Wertz, whose portfolio includes mobile analytics firm Flurry, online clothing startup Frank & Oak, and crowdfundingsite Indiegogo, says he knows exactly the type of entrepreneur he is looking for: a great leader who knows how to make something out of nothing and grow it without killing its original essence.

“You need two types of leadership while starting a startup: In the beginning, you need the amazing entrepreneur who can get it off the ground and start building the company,” Wertz tellsInc. “But that same leader needs to be able to bring it to scale without losing the culture.”

Below, find out the five traits Wertz looks for in entrepreneurs when deciding whether to invest. “When we see all these traits in one entrepreneur or company, we get excited,” he says. “You rarely see all five, but you can work on a few.”

1. The big idea, explained

The first sign of a great entrepreneur, Wertz says, is someone who has a big idea and the ability to impart it to others. “They need to have an ambitious vision, and everybody from an employee to a partner to an investor gets it right away,” Wertz says. “It sounds so simple, but it’s actually not. A lot of people lose themselves in too many details, or don’t have a big vision.”

2. Dedication 

The second trait is single-minded dedication. Wertz says his firm looks for people who cannot be talked out of their vision and who cannot stop working on it until it’s up and running. They look for doers, not just good orators. “They live for the startup. We love the people who can’t stop talking about their startup, even if it gets nerdy–we look for that incredible drive and passion and hard work,” he says. “They can’t imagine anything else other than building that startup.”

3. Focus 

Launching a startup is intense and takes a tremendous amount of focus and prioritization. If a CEO is worried about PR, marketing, and partnerships before the product or service is airtight, then there’s a problem. Wertz says the entrepreneurs he invests in only care about a few things, but execute them perfectly. “The best entrepreneurs know the one to three things that matter and only focus on nailing those one, two, or three things. The more focused an entrepreneur is on an opportunity the more excited we get, because they are only worried about the most important things, and that’s what will make the startup successful,” he says. 

4. The ability to attract talent 

“The fourth point for us is how good are they at attracting other people to work for them,” he says. If the entrepreneur thinks he or she can do it all alone, then Wertz will not invest. Once that hurdle is overcome, the question is if they can persuade people to join their startup. “In a competitive marketplace, especially for developers and engineers, do you tell a compelling enough story for why they should work for your startup instead of moving to Google, Facebook, or Amazon?” Wertz says. “It’s what we call “developer heat,” if people are good at attracting good people to their startup.”

5. Attention to unique details 

“Great entrepreneurs need to care so deeply about important details–details that matter for the culture, details that make the customer experience. Whatever it is that makes your startup great, you can’t be too high-level to care about these details,” Wertz says. “You see that in [entrepreneurs like] Mark Zuckerberg and Jeff Bezos. They care about little product details that define their company.”

-Courtesy: Inc.com

FishBrain, A Social Network For Anglers, Nets $2.4 Million

FishBrain, a made-in-Sweden mobile app and social network for anglers founded back in 2010, has closed a $2.4 million pre-Series A round of funding, led by Northzone and Active Venture Partners.

Also biting in this round are GP Bullhound and Edastra Venture Capital, as well as existing investors Mathias Ackermand, Rikard Steiber and ALMI.

Prior to today’s round FishBrain had raised some $1.5 million, reeling in investors including Industrifonden, Umando, Henrik Torstensson, CEO of Lifesum, and Mattias Miksche, Founder and CEO of Stardoll.

FishBrain uses crowdsourced data from its angling community – cross referenced with geological and meteorological data, such as wind speed and direction and air humidity and temperature – to help other users figure out things like the best spots to fish or the best bait to use to catch a particular type of fish.

The service also lets anglers log their fishing trips and catches and share them with the rest of the community — including uploading photos to show exactly how big their catch really was.

CEO Johan Attby said FishBrain has some 430,000 registered users, a little under half of who, are active. There have been some 130,000 logged catches within the app so far.

While FishBrain’s apps (Android and iOS) are free to download, it recently launched a premium product to test the waters of monetisation. 

Upgrading to a premium account provides a more granular performance analysis for users, with FishBrain taking a big data crunching approach to offer specific predictions on which bait might be most effective in catching a particular type of fish in a specific lake. So much for a level playing field.

FishBrain claims to be the largest fishing platform of its type in the U.S. — a country which it notes has some 40 million active anglers (who collectively spend more than $48 billion annually on the sport) — but evidently it’s aiming to swell its catch of the community considerably.

Attby said the new funding would be used to accelerate product development and grow its user-base by increasing its marketing, with the US pegged as its marketing focus for this year.

New FishBrain features in the works include more premium features, intelligent recommendations and gamification elements — such as leaderboards and challenges, he said. It’s also planning to work on business development by looking for other companies to build partnerships with.

For instance Attby said that while it doesn’t have plans to develop any connected fishing hardware itself, to further offer fishers a way to quantify their performance, it would look to explore partnering with companies that do.

Commenting on the funding round in a statement, Tim He, Investment Manager at Northzone, said: “There’s a great opportunity in niche social networks. Fishing is the world’s largest hobby and digitally underserved. FishBrain is the best and fastest growing app and social network for anglers. With its world class team, I am confident FishBrain will become the go-to app for fishing.”

-Courtesy: Techcrunch

6 Avoidable Mistakes Entrepreneurs Make

Being an entrepreneur is difficult enough without falling prey to easily avoidable problems, according to Jeff Busgang, whose career spans starting companies on his won to funding them as a venture capitalist at Flybridge Capital Partners. Here are the six common errors he identified, along with suggestions for avoiding them:

1. Fighting fires rather than scaling up

Great entrepreneurs have a tendency to focus on crises: product issues, customer issues, investor issues and, of course, running out of money.  They forget a startup can’t possibly grow and succeed unless they spend the time to interview and hire great candidates.

What to do: Put aside at least two hours a week for recruiting and interviewing candidates, even if you’re not currently hiring. Ideally, you want a “stable” of potential hires whenever you need to hire somebody.

2. Doing rather than coaching.

For a startup to grow, everyone on the team must up-level every 12 months. That’s only possible if the owner helps them understand what new skills and behaviors they’ll need in order to grow themselves as the company grows.

What to do: Think of coaching as an investment in time management.  Yes, it takes longer to coach somebody to do a task than to do it yourself.  Once you’ve trained somebody, though, that task leaves your to-do list, creating time to do those things that only you can do.

3. Failing to plan for setbacks

Even the best-run companies encounter problems.  If you’re not prepared to deal with them, even a small hiccup can derail your ambitious plans.

What to do: Work with your investors and “board of advisors” to create written contingency plans, in case there are product delays, slower-than-expected sales cycles, departures of key personnel, and so forth.

4. Focusing too much on setbacks.

This is the other side of the coin.  While it’s essential to have contingency plans, if you focus too much on “what could go wrong,” you can demoralize your employees and (just as important) yourself.

What to do: Compartmentalize your planning so that it doesn’t affect enthusiasm.  Once you’ve written down your plan, put the document on a shelf and forget about it.  Let the fact that you’ve got a plan free you from having to worry about it.

5. Not enough relationship building

Entrepreneur often find themselves lurching from crisis to crisis, which leaves little time to concentrate the personal side of the journey, the building of the relationships that will matter long after the crises have passed.

What to do: Commit regularly to meeting with your investors, management team and employees to do something enjoyable that’s not related to work.  These events can be as simple as get-togethers at a local restaurant or as elaborate as a week with Habitat for Humanity.

6. Neglecting your corporate culture

Companies that win “great place to work” awards and have high retention rates (and hence lower personnel costs) always have founders or CEOs who specifically set out to create an environment where people like to work.

What to do: Making working for your company more than just a way for employees to get rich.  Give your engineers challenging problems. Give your marketers the best tools. Publically praise your salespeople.  Generously heap credit wherever and wherever it’s due.

-Courtesy: Inc.com

The Definition of Success, According to 5 Entrepreneur Superstars

The Definition of Success, According to 5 Entrepreneur Superstars
 
Although the definition of success is subjective, there seem to be some common themes among the ultra-successful about what success really means. Very rarely does it have to do with money alone. In fact, none of these five inspiring entrepreneurs mention money at all. No, success is something much more personal and universal — it’s all in the meaning behind the action.

So here are five quotes about success from five mega-successful entrepreneurs.

“My definition of success? The more you’re actively and practically engaged, the more successful you will feel.” –Richard Branson

Sir Richard Branson is the UK billionaire behind the Virgin Empire of brands that include mobile carriers, a record label and a series of international airline routes. Yet to Branson, what’s most important for success is that interactivity with the work itself.

What gets you fired up? What are you passionate about? The more you’re actively engaged in the work you love, the more successful you’ll feel and most likely from the feeling, become. Love what you do for maximum success.

“My definition of failure became not trying, not the outcome.” – Sara Blakely

While Sara Blakely’s quote is technically the definition of failure, it’s the crux of what success is: to try and try and not be afraid of failure. Success comes to those who are willing to try and risk and fail and stand up to do it all over again.

Like Blakely says, failing isn’t the outcome, it’s not trying at all. Success can only come from being willing to fail. Considering that Blakely is the world’s youngest female self-made billionaire she seems innately qualified to talk about success and the need for your willingness to fail as part of the journey.

“I’m convinced that about half of what separates the successful entrepreneurs from the non-successful entrepreneurs is perseverance.” – Steve Jobs

If the key to success thus far is that you must be willing to fail and be actively engaged in your work, the next step toward success must certainly be to persevere. Success can come slowly and as the result of many, many trials and years of effort. It’s those who quit, like those who never try, that won’t make it through to success.

Jobs reminds you that much of success in life is continuing to come back and keep going. It may seem easy to look at other entrepreneurs and assume their success came overnight, yet rarely is that the case. By the time these “overnight successes” come to your attention, they’ve usually put in years or even decades of long, hard work. Don’t quit.

“Remember: If the most unique ideas were obvious to everyone, there wouldn’t be entrepreneurs. The one thing that every entrepreneurial journey has in common is that there are many, many steps on the road to success.” — Tori Burch

Tori Burch is the successful entrepreneur behind the Tori Burch fashion line brand. Burch talks a lot to other entrepreneurs about the importance of hard work and the belief in yourself to be and do your own unique thing.

Entering the fashion industry is certainly not a simple task, and it would be easy for an entrepreneur to think that in a crowded industry there was little room for success. Yet Burch has created a multi-billion dollar brand just by keeping true to the fashion and vision she loves and her belief that other women would want the same style.

Don’t get intimidated by others in your industry who are headed for success. Your journey will have lots of steps but ultimately being yourself and believing in what you have to offer will carry you through. 

“I like to be involved in things thatchange the world.” — Elon Musk

From Paypal, Tesla, Solar City, to SpaceX, Musk has certainly been a man involved in things that are changing the world. Ultimately, that seems to be where his success comes from, and it gets back to Branson’s original point: Do the things you’re passionate about.

Musk wanted to change the market and the perception of the electric vehicle. He’s achieved that mission with Tesla. Put your power and your work behind the things you’re truly passionate about and you just might change the world. Musk certainly has.

-Courtesy: Entrepreneur.com

 

5 Questions to Determine If You’re Ready to Be an Entrepreneur

5 Questions to Determine If You're Ready to Be an Entrepreneur
The only difference between people who want to be entrepreneursand the ones who actually are is the work and the risk of getting started. If you feel like you want to be an entrepreneur but aren’t certain if you’re ready yet, here are five questions to help you determine your capabilities.

1. How comfortable are you with being uncomfortable? Entrepreneurship will mean a lot of uncertainty. If you’re the kind of person who needs a lot of control and a strictly scheduled life, you may not be able to handle the ambiguity that surrounds entrepreneurism. That being said, don’t think just because uncertainty makes you nervous you can’t be an entrepreneur. If you find you have a need for a controlled schedule, that trait could actually work in your favor.

Entrepreneurship requires long hours, hard work and dedication when you start out. Being able to manage your schedule and control your environment could help you with the organization of your business. However, you might want to plan before you leap in. A few great ways to do this are to stockpile savings, already have a business plan you’re prepared to work and seek out a community of support to talk you through the tough times.

2. Are you disciplined? You are totally responsible for yourself. Right now, wherever you’re at, whatever you’re doing — it’s your choices that got you here. How do those statements feel to you? If you feel yourself bristling and ready to argue, then you might not be in the right mindset for entrepreneurship yet. When you start, you must take full accountability for everything — there’s no back-up plan on why you got passed over for a promotion or why you didn’t get your report done on time. Clients won’t want excuses and they’ll drop you.

Even when it’s their fault you have to be prepared to deal with the possibility that you’ll have to handle it. You need discipline to survive and stay ahead of your work, ahead of your bills and to grow your business. If you struggle with accountability and discipline, don’t rule out entrepreneurship forever. Take stock of ways your current situation could be improved by better decisions and try holding yourself accountable.

3. How’s your health? Taking care of your body is important for everyone, but can have particularly far-reaching implications for the entrepreneur. There are no sick days in entrepreneurship when you’re getting started. There’s a chance there won’t be for years. That’s going to mean you have to be productive, even when you don’t feel good, or risk missing business opportunities. You have to keep yourself in good health with diet and exercise that keeps your body strong and your mind keen.

If you aren’t a healthy person, you may want to figure out a plan for improving your lifestyle before you transition into entrepreneurship. Also important, think of how you’ll cover health insurance and medical needs when you start your journey. Get a plan for your health and work it.

4. Do you love what you do and are you good at it? There are going to be long hours in entrepreneurship. If you enjoy what you’re doing and are passionate about your project, that intense amount of work is enjoyable. Don’t fool yourself into thinking money alone will be enough to motivate you.

Make sure you’re passionate about what you’re intending to pursue as an entrepreneur and that you have the skill set to get to work. If you don’t, consider how you can improve your skills before making the leap and how you might get involved in something you’re passionate about doing.

5. Do you play well with others? You might think entrepreneurship is a solo activity, but the truth is that having great relationships is crucial to long-term success. It’s not only for the value that comes from referrals and the camaraderie of close relationships, but also for the support you will need. If you’re starting out as an entrepreneur, you’re going to have periods where you need to rely on the strength, wisdom and friendship of others.

Look for opportunities to build your network: mentors, mastermind groups and other programs will help you find the right people. Just be sure that you invest in them, too. Relationships are based on give and take. Build strong relationships and open yourself up to the great support and learning that comes from others.

-Courtesy: Entrepreneur.com

 

The Most Obvious Business Protecting Measure Most Entrepreneurs Miss

 

 

By the looks of things, many of you have been so busy building wealth through your businesses in the past few years, you’ve forgotten something pretty important–namely, a succession plan.

To keep your business running if you die or are otherwise incapacitated, a succession plan is vital. But according to a recent report, 66 percent of business owners haven’t gotten around to inking one. 

That’s one of the key findings from the 2014 U.S. Trust Insights on Wealth and Worth Survey, released Friday. U.S. Trust, the private bank division of Bank of America, focuses on managing the wealth of high net worth individuals. U.S. Trust has put out similar surveys for about two decades, but this is the first one to include data on high net worth business owners and executives, it says.  

Here are some of the highlights about the high net worth owners:

  • About 87 percent started the business themselves, while 13 percent inherited it.
  • 87 percent don’t expect their children to continue the business.
  • Two thirds of the business owners lack a succession plan; That percentage jumps to seven in 10 business owners, age 50 or more.
  • Entrepreneurs with a financial advisor are more than twice as likely to have a succession plan.

The U.S. Trust report polled 680 people throughout the U.S. with with investable assets of at least $3 million, not including the value their primary residence.

Business owners don’t have very good reasons for why they lack a succession plan. Some are just procrastinating, others figure a written will or a verbal discussion will suffice. Still others are just blind to how life circumstances can change radically, with more than half saying they simply have no plan of retiring in the near future.

“Many business owners have not made important decisions [about succession planning],” Keith Banks, president of U.S. Bank said in a video conference to discuss the survey findings. 

And there’s this interesting tidbit too: One quarter of business executives surveyed said they are simply more effective communicating in their businesses than in their personal lives, which may factor into why so many have trouble communicating plans for passing on their businesses to family members. 

The big takeaway: Don’t leave things to chance. Find a good attorney, financial or other trusted advisor who can help you develop a sensible, documented succession plan.

-Courtesy: Inc.com

Entrepreneurship as the Hero’s Journey

Entrepreneurship is a path, a lifestyle and ultimately a journey. You begin, face have challenges and, eventually through struggle and hard work, you succeed. Whether you’re about to begin your path, or are perhaps floundering in the dark and stormy woods along the way, knowing the three basic elements of a good story just might help you survive entrepreneurship.

In 1949, Joseph Campbell published The Hero With A Thousand Faces, a book of comparative mythology. It’s still relevant today. George Lucas has said it influenced his Star Wars series. 

Campbell examined the mythology of every culture and their iconic heroes. He found the same monomyth structure in every one and broke it down into what is now commonly known as the hero’s journey.

As Campbell’s introduction explains, “A hero ventures forth from the world of common day into a region of supernatural wonder: fabulous forces are there encountered and a decisive victory is won: the hero comes back from this mysterious adventure with the power to bestow boons on his fellow man.”

It sure sounds like Luke Skywalker. It also sounds a lot like many of the entrepreneurs you might know and love. Much like the hero of a great story, you too are undertaking a journey of heroic proportions as an entrepreneur.

Knowing the three stages of the hero’s journey just might help you identify where you are on the entrepreneur’s path and help you reach your intended goal. Remember, it’s not just the destination, it’s the journey.

Step One: Departure or Separation. Entrepreneurship requires departure from the comforts and security of “normal” life. Sometimes, your departure from the standard path is solely your own choice to follow the vision you just have to follow. Other times, your journey might be prompted by a layoff, downsizing or other unexpected change in your previous corporate status.

Whatever the reason for the departure, it often feels scary and exciting simultaneously. Just how frightening or amazing it feels has a lot to do with how much choice you had in making that leap versus being pushed but, regardless why you stepped on your path, enjoy and congratulate yourself that you’ve gotten this far. As the Chinese philosopher Lau Tzu said, “the journey of a thousand miles starts with a single step.”

Welcome to the path, fellow traveler.

Step Two: Initiation. Campbell calls it initiation, but you can think of it more like challenges. Maybe, when you started, you thought the world would embrace you with open arms but, now that you’re on your way, you realize it isn’t quite so simple.

Just like the hero in every story or myth you’ve ever been told, you have to earn your success through trials and challenges of growth, discovery and failure. This is rarely a brief stage of the story. In fact, this is where the bulk of the journey takes place. As an entrepreneur, this is where you can expect frustration and the agony of lots of setbacks, even failures. Luke Skywalker lost a hand. Odysseus had to face the Cyclops and almost died from the lure of the Sirens.

You will face a series of serious, sometimes disastrous challenges along the way but, if you remember the hero’s journey, you’ll find the skill, mindset and wit to overcome. A good peer group can help! Luke had the rest of the crew to help him defeat the Death Star and get back the empire. Odysseus had his men tie him to the mast when he otherwise would’ve succumbed to the call of the Sirens and jumped ship to his ultimate defeat.

Keep your good friends and an understanding support group close by to master the challenges and overcome the failures of your entrepreneurial initiation. 

Step Three: Return. The hero must eventually return to the beginning place to realize how far he’s come. So, too, will you at your success moment. You will know you have come far and that the starting place, while still there, it’s forever changed because you are changed from the journey.

You will repeat the hero’s journey with each pursuit you have in life but never again as a novice. You can never return home from the journey the same person. That’s what ultimately makes the entrepreneurial journey worth it. When you’re battling initiation and grappling with defeat, you are also gaining experience, honing great skills and developing priceless relationships. You’ll start another project when you realize the success of this path, yet you’ll never travel as the same person again.

-Courtesy: Entrepreneur.com

Airbnb Co-Founder: If Rejection Slows You Down, Entrepreneurship Isn’t For You

When Airbnb was first shopping its idea to investors five years ago, it faced a lot of skepticism. Today, even as valuations of the apartment-sharing company hover around $10 billion, Airbnb is still pushing against a wall of naysayers. The San Francisco-based startup is in the midst oflegal battles with the State of New York and its CEO has recently had to answer for wild orgies happening in rented apartments.

If Airbnb’s founders had perfectly thought through every single scenario and unintended consequence of having strangers rent accommodations from each other, they probably wouldn’t have entertained the business idea for more than half a beer. But determination is what makes a successful entrepreneur, above all else, says Airbnb co-founder Nathan Blecharczyk. If you wait for perfection, you will miss some epic opportunities.

Success as an entrepreneur is “less about the idea and more about the person,” Blecharczyk told an audience at a conference on the sharing economy at New York University’s Stern School of Business last week. “All along the way, people said, ‘No, this isn’t going to work, don’t do this.’”

Some investors that Blecharczyk and his partners Brian Chesky and Joe Gebbia approached in their early days walked out halfway through the meeting. “I remember going to somebody who we respected, pitching them about what we were doing, and he said, ‘Ah, I hope that’s not the only thing you are working on.’”

Five years later, Airbnb – for all its controversy – is seen as a missed opportunity by some investors. One of the premier venture capital firms in the U.S., Union Square Ventures in New York City, was approached by Airbnb when the founders had graduated from the Y Combinator accelerator program. The founders had run short on cash and were desperately searching for backers. Unable to come up with any funds from investors, the Airbnb cofounders bought a bulk supply of generic Cheerios, put the cereal in boxes labeled “Obama-Os” and “Cap’n McCains” in honor of the presidential election happening at the time and charged $40 a box. The Obama-Os were more popular and so the co-founders ate the remaining Cap’n McCains to save on food money.

Fred Wilson, co-founder of Union Square Ventures, still has a box of the Obama-Os sitting on a mantle in his conference room. “We couldn’t wrap our heads around air mattresses on the living room floors as the next hotel room and did not chase the deal. Others saw the amazing team that we saw, funded them, and the rest is history,” wrote Wilson of his investing blunder. “We missed Airbnb even though we loved the team. Big mistake. The cereal box will remain in our conference room as a warning not to make that mistake again.”  

Wilson wasn’t the only investor to miss the Airbnb boat. Luke Williams, the executive director at the Berkley Center for Entrepreneurship and Innovation at NYU Stern, said that 15 A-list venture capitalists all listened to Airbnb’s pitch and declined to invest.

Since those early days of constant rejection, Airbnb’s growth has been exponential. In the first four years, Airbnb served 4 million guests. In its fifth year alone, it served 7 million guests.

Still, despite Airbnb’s international success, there are still loads of doubters and countless hurdles for the company to navigate. Regulators struggle to define how to classify Airbnb guests and income for tax and rental purposes. Blecharczyk recognizes that there are issues to be worked out, but says that if they had waited to have all of the pitfalls bridged over before launch, a tremendous amount of benefit would have been forfeited at the feet of hesitation.

“Sometimes there is an expectation that all these problems should already be solved, and you just can’t do everything at once. We are certainly very eager to address them as quickly as possible,” said Blecharczyk.

Rather than a “No, don’t do that” attitude, entrepreneurs need to have a “Yes, but please come up with a solution” attitude, he says. And he argues that regulators and city officials should, too. “We should be looking forward and asking ourselves what kind of future do we want to create.”

Blecharczyk is determined to create a future that he himself wants to live in. Even as the co-founder of a company with a valuation in the billions, NYU’s staff was unable to convince Blecharczyk to let them book him a hotel for the conference; he only makes arrangements through Airbnb. “I have spent most nights this year living on Airbnb,” he says.

-Courtesy: Entrepreneur.com

 

The Mind-Body Practices of 5 Mega-Successful Entrepreneurs

Here are five common practices of some very successful entrepreneurs who live and promote aspects of the mind-body connection.

“What tribes are is a very simple concept that goes back 50 million years. It’s about leading and connecting people and ideas. And it’s something that people have wanted forever.” — Seth Godin, entrepreneur, speaker and author

Godin devoted an entire book, Tribes, to the discussion of the deep desire humans have for connection and how to tap into that truth. At the most basic level of Maslow’s hierarchy of needs is the desire for safety and belonging. Successful entrepreneurs know that a valuable relationship of trust and respect is invaluable. They put time and effort into cultivating strong ties to their families, friends and those they care for in strong networks. If you think or act like you’re an island, you’re bound to fail. Take time to invest in the relationships that matter.

“If you don’t exercise, if you don’t get the creative muscles going and stay healthy, then when you are older all of that junk adds up: You’ll be less happy, less healthy, quality of life will be down.” – James Altucher, entrepreneur and author

In his bestselling book, Choose Yourself, Altucher discusses the importance of taking care of your body as one of his pillars of a daily practice. He stresses it isn’t about being perfect or a body builder. Walking, yoga, the gym, whatever your practice — take care of your body to be successful. It matters.

“I have one piece of advice for you: sleep your way to the top.” — Arianna Huffington, entrepreneur and author

Huffington has become something of a sleep warrior these days. She’s led a crusade in recent years to help entrepreneurs and everyone understand that if you aren’t getting enough sleep, you’re going to crash and burn. It’s not just your body either — it’s your mental acuity, your emotional state of being and your whole life that requires good sleep. Make sleep a priority — the mega successful do.

“Be thankful for what you have, you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” — Oprah Winfrey, entrepreneur

It’s such a simple piece of advice but it might possibly be one of the most important you’ll ever adopt. Successful people are grateful people. They started somewhere less than where they are, and along the journey they remembered to continually say thanks and appreciated what they did have. This isn’t just a mindset, it’s a practice and the more you do it the better you get at saying and seeing gratitude in everything.

“Stillness is the best way to create physical healing.” — Gabrielle Bernstein, author and entrepreneur

Kind of like Shakespeare’s rose in Romeo and Juliet, a meditation practice by any other name would still smell as sweet. Whether it’s stillness, yoga, meditation, mindfulness or any other form of practicing a collected calm presence, it’s important to tame what the Buddhist call “monkey brain” and learn to be still. It has ramifications on your ability to react appropriately, proactively approach your day and otherwise solve problems in an improved way. Take the monkey brain and achieve greater results and peace in your life.

-Courtesy: Entrepreneur.com