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Successful habits of millionaire business leaders

October 14, 2015
Borderless Leadership

There are many sages, gurus, and alleged experts out there offering advice on how to create incredible success for your business. Heck, in some circles I might be included in that motley crew. If you are seeking guidance you might speak with one person who has experienced success. Recently, I had the pleasure of interviewing Jaime Tardy, the host of The Eventual Millionaire Podcast. Jaime has interviewed over two hundred millionaire entrepreneurs. I asked her to share the most common, successful habits of millionaire business leaders. The results might surprise you.

Jaime and I first were introduced when I appeared as a guest on her show back in 2014. However, my input is less important than what Jaime has compiled over a period of years. Jaime acknowledges, “Much of the advice is cliché. I noted that the first ten guests shared many of the same concepts.” What stands out, however, is not that they say the same things. The key is that the successful entrepreneur millionaires she has interviewed embody and ‘LIVE’ those clichés.

Focus

Just about every business leader knows the importance of focus. When you ask almost any executive their key to success, they’ll include focus as one of the top three requirements. Those who make it to the top, however, do not deviate from that focus. When Danny Meyer was seeing success with Shake Shack, many people came to him suggesting that he add other items to the menu. Even though on paper he might have been able to show more potential revenue, Meyer wanted to focus on those items he could deliver better than anyone else.

The key to focus for the most successful is that they remained focused enough on their goal to not deviate, even if that means sacrificing revenue. I’ll often hear from CEOs and executives who say, “We want to focus on our ideal customers, but we don’t want to walk away from the others because it’s still revenue.” Those at the top will consciously walk away from non-strategic revenue to maintain laser focus.

Many early critics of Tesla felt that Elon Musk should produce a hybrid vehicle. Musk maintained his focus to produce entirely electric vehicles. When the market suggested that there would not be enough places to charge them, Tesla deployed a charging network. Tesla vehicles remain in high demand. Their consumers appreciate that Musk did not compromise his focus.

Overcoming Obstacles

Imagine if you were heading to work and your planned route had a road closure. Would you go home, or find a way around the obstacle? Whereas many might see an impediment as a sign that you should stop, the top performers just see obstacles as a speed bump or detour. The journey is part of the adventure. Jaime observed how the most successful people have many ‘failures.’ Along the way. Only, they don’t see them that way. The experiences that might paralyze others, serve as motivation to the top performers.

“It’s easy to think that these people have experienced nothing but success. The reality is that they experienced many so-called failures along the way. They just see those bumps as inevitable. So, their drive and focus delivers eventual results and eventual millionaires.” — Jaime Tardy

So Much More

Jaime covered so many other great concepts in our interview. Please be sure to listen to it and share your feedback. Among other points, Jaime generously illustrated:

  • Ways to find connection points with people that will help differentiate you
  • What steps you can take if your actions do not align with your goals
  • Methods that can significantly grow revenue from your products
  • What successful people do when they feel like they are stalling or stuck in achieving their goals

It’s amazing when you compile the input from hundreds of entrepreneur millionaire stories how you can boil the concepts down to core principles that lead to consistent success. I hope you take the time to listen to her ideas and will achieve enough success to become a guest on her show in the not too distant future.

By Ian Altman

Source: Forbes

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