In today’s competitive business landscape, there’s no room for mediocrity. To compete at the highest levels, you must be at the top of your game and stay consistent in your ability to execute. We all want to reach the top of our industry and maintain high levels of success, but the only way to do so is by developing habits that will propel us forward. And as we all know, that’s far easier said than done.
Generally speaking, highly successful CEOs, presidents, C-suite executives, and entrepreneurs share common traits that have helped them achieve their lofty positions. And while individual differences in leadership styles, communication, and execution can provide varying outcomes, they all share the need to develop consistent habits. Habits are the bedrock of highly successful business leaders and entrepreneurs. As Aristotle elegantly stated, “We are what we repeatedly do.”
Here are seven habits of highly successful business leaders that you can implement today to unlock your full potential and create a legacy of lasting success.
- Relentless Focus on Results
Highly successful business leaders have an unwavering focus on delivering results. They understand that achieving their goals is the ultimate measure of their success and are willing to put in the hard work necessary to attain them. Peter Drucker was right when he said, “What gets measured gets managed,” as long as it’s the correct information and data set to make decisions and learn from.
To develop this habit, set specific, measurable, achievable, relevant, and time-bound (SMART) goals for your organization. It’s essential to regularly review your progress and adjust your strategies accordingly to ensure you stay on track, as these small pivots can make a massive difference in the trajectory of your business. - Lifelong Learning and Adaptability
The business world constantly evolves, and successful leaders recognize the importance of staying ahead of the curve. They commit to continuous learning and embrace change, allowing them to adapt their strategies and approaches to meet the day’s challenges. Learning is an essential habit of highly successful business leaders because it makes them stay cognitively and mentally aware of upcoming trends, technologies, and thought processes of leaders in their field. Learning is also a great way to stay mentally sharp and avoid the fallacy of leaning into outdated thoughts.High-level leaders dedicate daily time to learning, whether reading industry news, attending conferences, or enrolling in courses. They stay open to new ideas and are willing to pivot when necessary. And contrary to popular belief, learning doesn’t always have to be specific to your industry, as many innovative ideas and companies have come from searching across the aisle for ideas and ways to create change in outdated sectors.
Steve Jobs utilized this strategy when building the first Apple stores, taking ideas from the hospitality industry and focusing on creating a concierge-like experience for shoppers via the Genius Bar. This unique approach of providing solutions rather than selling products made these stores a massive success. And yet, it was by thinking outside the box and learning from other industries that Jobs cultivated this unique experience for Apple.
- Decisive and Empowered Decision-Making
Successful business leaders are decisive and can make difficult decisions quickly and confidently. They understand that indecision can be paralyzing and that taking action is better than remaining stagnant. Paralysis by analysis can be costly, especially in today’s vastly evolving climate.Successful business leaders also know that it’s better to tell colleagues and employees the what versus the how, as it empowers people to be creative with their efforts and execution. Guidance and direction are essential for success.
Yet, highly successful leaders trust that their trained and educated teams will bring their brilliance and innovative ideas. They don’t need to be told how to do something; They can figure it out independently. Once again, Steve Jobs was spot on with his observations, stating, “It doesn’t make sense to hire smart people and tell them what to do; we hire smart people so they can tell us what to do.”
To build this essential habit, trust your instincts (when appropriate), gather the necessary information, and weigh your options before making a decision. Keep strong convictions, but hold them loosely, especially when new information challenges old norms or beliefs. Remember that it’s better to make an informed choice and learn from your mistakes than to avoid making a decision altogether. And by creating a culture of embracing mistakes, you can quickly facilitate opportunities to learn and advance your company ahead of your competition.
- Cultivating a Strong Network
Your network is your net worth. And highly successful business leaders understand the value of building solid relationships with peers, mentors, and industry influencers. They recognize that collaboration and partnership can lead to higher success levels than going alone. Because as the African proverb brilliantly describes, “If you want to go fast, go alone. If you want to go far, go together.”
Regardless of how advanced AI or ML has become, people will never be replaced. Business has been and always will be about people.To genuinely develop this habit of cultivating a strong network, highly successful business leaders know to prioritize attending industry events, joining professional organizations, and actively engaging with others in their field. They’re willing to ask questions, be content with listening, and focus on taking away new learnings to implement into their day-to-day. They also realize that success results from putting in the work and taking the time to build up their human capital, which can yield dividends for life.
Lastly, highly successful business leaders deploy simple tactics like seeking out mentors and being open to sharing knowledge and expertise with others, which can have compounding effects throughout a career.
- Embracing Innovation and Disruption
Innovation is the lifeblood of business success, and successful leaders are unafraid to challenge the status quo. They’re willing to walk in the opposite direction of the crowd when they have strong enough conviction in an idea, concept, or strategy. And while they may appear crazy for doing it, it’s usually the crazy ones who change the world.Highly successful business leaders quickly recognize that staying ahead of the competition requires embracing new technologies, methods, and ideas, even if they disrupt their current way of doing things. It’s essential to stay informed about industry trends and emerging technologies through continued learning, engaging with your networks, and being humble enough to know that you don’t know everything. It’s also necessary to encourage your team to think creatively and support them in taking calculated risks to drive innovation.
- Effective Communication and Emotional Intelligence
Communication is vital to the success of any business leader. Successful leaders excel at articulating their vision and expectations to their teams, ensuring everyone is working towards the same goals. But not all communication is created equally. Subtle differences between verbal and non-verbal communication can vastly change how messages and conversations are interpreted. Highly successful business leaders know how to utilize these different nuances of language to provide comfort during difficult times, empowerment during dire times, and praise for boosting morale.
They also possess a high level of emotional intelligence, allowing them to understand and empathize with their colleagues’ and employees’ needs and emotions. Humans are emotional. We require social interaction and a sense of community to flourish in our environment. And when we focus on high-level communication, we lay the foundation to build trust and cooperation within our business ecosystems.
Highly successful business leaders practice active listening, express gratitude, and communicate openly. They focus on developing emotional intelligence by being mindful of their own emotions and working on understanding those of others. They’re keenly aware that they can always learn something new from every interaction, so they will never shy away from a discussion or conversation. - Prioritizing Health and Well-Being
Last but certainly not least, highly successful business leaders understand that their performance in the office is directly linked to their health and overall well-being outside the office.They prioritize self-care, recognizing that their physical, mental, and emotional health is crucial to their success in the boardroom. One could even go as far as to say that your company’s health is determined by your personal health. Health is in your hands at all times during the day because of your decisions’ impact on your overall function.
There’s a reason why people run for coffee and candy after lunch. Something as simple as an imbalance in blood sugar levels can vastly alter our ability to execute tasks, let alone a proper medical diagnosis with far-reaching consequences. It’s imperative to understand the impacts of your health on your business because it’s foundational for creating long-term wealth.
Highly successful leaders know the importance of self-care. Establishing a consistent routine that includes physical exercise, proper nutrition, stress-management techniques, and acquiring ample sleep can lay the foundation for success in your business. Relaxing and engaging in hobbies that occupy your body and mind are also important. And some of the greatest inventions in medicine and business have come from play outside of work!
Powerful Habits Lead to Powerful Results
Actions will always speak louder than words. This is true for all aspects of life, especially in business. It doesn’t matter what you “intend” to do; It matters what you actually do. Change requires intentional actions, repeated for days, weeks, months, years, and sometimes even decades. Habits are no different.
Highly successful business leaders know this and are willing to do what it takes to build habits of success. They understand that all good things take time, but that doesn’t mean they should wait for opportunities to come knocking on their door. Success breeds success through habits.
Building powerful habits are the secret sauce for highly successful business leaders in today’s vastly changing business landscape. And the best part about it? Time will tell who is truly putting in the effort. Your habits will always dictate your outcomes.
Written by Dr. Erik Reis.
Have you read?
Meet Dr Kevin Sands: The Cosmetic Dentist to the Stars.
Dr. Alkistis Agio: Do what you love.
THE DANGERS AND OPPORTUNITIES OF ARTIFICIAL UN-INTELLIGENCE by Dr. Joe Zammit-Lucia.
Why Businesses and Leaders Need to Think About Digital Value Chains to Leverage the Power of the Cloud by Arun Melkote.
Uncertainty and risk of failure could cancel the efforts to achieve the goal by Riccardo Pandini.
Track Latest News Live on CEOWORLD magazine and get news updates from the United States and around the world.
The views expressed are those of the author and are not necessarily those of the CEOWORLD magazine.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Thank you for supporting our journalism. Subscribe here.
For media queries, please contact: info@ceoworld.biz