7 Bad Habits Entrepreneurs Need to Kick to the Curb

It’s never too late in your career to make yourself a better businessperson.

Question: What's one surprising bad habit that every entrepreneur needs to stop doing?

Letting Social Media Be a Distraction

"In today's world, being on social media is a must to be heard (Facebook, Twitter, Instagram, etc). However, it's easy to let a vat of time pass by before you realize your to-do list for the day has yet to be addressed. As such, it results in being more of a distraction. So save the socializing until after the higher priority items on the daily agenda have been addressed."


Being Over-Sensitive to Criticism

"A high-pressure career, where you face potential rejection from shareholders at every turn, doesn't always lead to thick skins. Driven people are often the most sensitive to criticism. There’s certainly comments you can ignore, but as a general rule, you must learn from criticism. There are always things that you can do better. There's always room for improvement."


Attending Endless Networking Events

"There are so many meetups, talks, gatherings, expos and shows you could attend. Most of these are actively detrimental to your time and to your budget. Some events are worthwhile, but the ones with free food and drink are often hard to turn down. They are not going to stop anytime soon, and the returns diminish fast."


Trying to Push Your Lifestyle on Others

"Entrepreneurs are certainly an interesting breed of people. But more and more, as creating your own ladder replaces climbing a corporate ladder, entrepreneurs are acting extremely evangelical. Accept it. Being an entrepreneur isn't for everyone. Stop trying to make everyone wake up at 5 a.m. to participate in your 'crazy-as-hell' routine. I prefer to keep my 'differentiator' on the hush-hush."


Always Creating 50/50 Partnerships

"When I talk to new founders, the number one bad habit is 50/50 partnerships. It's extremely tempting and common because so many companies are started by two friends and no one wants to have the difficult conversations. Equal ownership has many downfalls, and I have so many horror stories. The most basic issue is it's impossible to make decisions efficiently when two people have to agree on everything."


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7 Bad Habits Entrepreneurs Need to Kick to the Curb

It’s never too late in your career to make yourself a better businessperson.

Question: What's one surprising bad habit that every entrepreneur needs to stop doing?

Letting Social Media Be a Distraction

"In today's world, being on social media is a must to be heard (Facebook, Twitter, Instagram, etc). However, it's easy to let a vat of time pass by before you realize your to-do list for the day has yet to be addressed. As such, it results in being more of a distraction. So save the socializing until after the higher priority items on the daily agenda have been addressed."


Being Over-Sensitive to Criticism

"A high-pressure career, where you face potential rejection from shareholders at every turn, doesn't always lead to thick skins. Driven people are often the most sensitive to criticism. There’s certainly comments you can ignore, but as a general rule, you must learn from criticism. There are always things that you can do better. There's always room for improvement."


Attending Endless Networking Events

"There are so many meetups, talks, gatherings, expos and shows you could attend. Most of these are actively detrimental to your time and to your budget. Some events are worthwhile, but the ones with free food and drink are often hard to turn down. They are not going to stop anytime soon, and the returns diminish fast."


Trying to Push Your Lifestyle on Others

"Entrepreneurs are certainly an interesting breed of people. But more and more, as creating your own ladder replaces climbing a corporate ladder, entrepreneurs are acting extremely evangelical. Accept it. Being an entrepreneur isn't for everyone. Stop trying to make everyone wake up at 5 a.m. to participate in your 'crazy-as-hell' routine. I prefer to keep my 'differentiator' on the hush-hush."


Always Creating 50/50 Partnerships

"When I talk to new founders, the number one bad habit is 50/50 partnerships. It's extremely tempting and common because so many companies are started by two friends and no one wants to have the difficult conversations. Equal ownership has many downfalls, and I have so many horror stories. The most basic issue is it's impossible to make decisions efficiently when two people have to agree on everything."


See Also: 11 Deciding Factors of a Great Acquisition

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