If you are an entrepreneur or trying to become one, you must have done your research and probably even chalked a list of entrepreneurs as your mentors. When learning about the traits of successful entrepreneurs, you must have read that entrepreneurs are hard workers.
People think that becoming an entrepreneur means you will be working all the time. Hard work is important no doubt, but you gotta work smart my friend. Many new entrepreneurs consume themselves into so much work that they are even managing the little things. Then who is going to create strategies and take care of the important stuff?
Your business needs your time and attention. Embracing the lazy entrepreneur’s mindset could be exactly what you need to keep yourself from burning out. Laziness and procrastination are not as bad as society perceives them to be. The lazy entrepreneur philosophy is indeed a legitimate approach to success without burning yourself out. If you are a procrastinator even you could become an entrepreneur by turning your habit into an asset.
But how to embrace success with this philosophy? Let’s check it out:
Work Hard (In the Beginning)
There is no denying that to be a successful entrepreneur, you have to work hard but a lazy entrepreneur is not a 24/7 hard worker. They work hard when they are starting out.
In other words, if you want to enjoy the luxury of being a lazy entrepreneur, you must invest your time and energy in the beginning. Create such a plan that allows you to reduce your work hours and strike a work-life balance in the long-run.
Don’t be afraid to turn down the opportunities that don’t serve your purpose. Another way of reducing your workload is to automate whenever possible and even outsource. Don’t try to be the jack of all trades.
Work on developing great habits. Read the Entrepreneur Magazine to find tips and tricks to boost your productivity. Get more things done in the day without putting yourself under stress so that you can also free up the weekends for yourself. The more efficient you become, the more work you will get done.
It cannot be stressed enough – delegate as much as possible. Hand over the tedious tasks to others so that you have more time on your hands to focus on core business operations and create strategies that make your business grow.
When you first become a young entrepreneur, you are excited to do everything on your own. You strive for perfection. This quality can cost you a lot of time. Why not delegate tasks and pay attention to other important aspects of the business that deserve more attention?
If you plan to be involved in every aspect of your business, you will have no time for growth. Do CEOs care about the vending machine in the break room that doesn’t function? No! It’s the job of the administration department to fix that. The CEO’s job responsibilities are above these petty concerns. Hence, to build a strong entrepreneurial mindset, you will have to let go of your obsession with everything.
Step Out Of Your Comfort Zone
The entire entrepreneurial process demands stepping out of the comfort zone. Keep an open heart and mind towards new opportunities. So what if you haven’t done this before, try it out now. And if you fail, you will learn from your mistakes.
Don’t hesitate in having those hard conversations such as firing an employee, negotiating the price with a stakeholder, approaching new people for collaboration, and more.
Tap into Your Creativity When Necessary
It is believed that lazy people are more entrepreneurial. Of course, there are types of entrepreneurship individuals but that’s a different debate. The bosses who procrastinate are more creative. Since the mind of a procrastinator wanders, he is more capable of coming with an innovative solution to a problem.
The head of a lazy entrepreneur is not filled with obsessive thoughts. They are able to use empty thoughts to be more creative. If you are such a person, keep on leveraging your ability of innovative thinking.
Know Where Your Profits Are Coming From
Some business owners are too lazy to test and create a new stream of revenue. So what they do is work harder on the most important sources of their revenue. That’s exactly what you should do for becoming an entrepreneur who is lazy yet successful.
The first step to this is identifying your sources of revenue and knowing them well. An entrepreneur with such a mindset does not hesitate in letting go of unprofitable customers. After all, it’s best to put your time and energy into something that works instead of trying harder on a product/service or client that’s difficult. That’s a rule of social entrepreneurship.
The simple takeaway from this discussion is that secret behind the success of a business is an entrepreneur or owner who is committed and yet lazy. He believes in working smart, delegating tasks, stepping out of his comfort zone to become successful in his career.