5 Uncommon Habits of 5 Famous Entrepreneurs

richard branson - habits of successful entrepreneurs

I’ve always been absolutely sure that you need to do things differently if you’re tired of getting average results.

And the successful entrepreneurs of today are the living proof for that. Each has at least a few unique things that would make him sound crazy if his success wasn’t obvious.

Check out 5 such habits of 5 famous figures in the business world.

1. Jack Dorsey (CEO of Square and Founder of Twitter)

“Success is never accidental.”

Uncommon habit: Working hard on one area at a time.

He has an 8-hour shift in the first company, followed by another 8 hours in the other.

But what he does differently (other than sleeping less than the average person) is that he’s focused on one particular side of the job every day. That lets him concentrate solely on one activity and don’t get distracted.

Be it management, marketing or meeting with partners, he forgets anything else and thus achieves great results in a certain niche, and helps both companies grow.

Related: 6 Lessons from Jack Dorsey on Hard Work and Startups

2. Mark Zuckerberg (Founder and CEO of Facebook)

“Move fast and break things. Unless you are breaking stuff, you are not moving fast enough.”

Uncommon habit: Wear the same thing every day.

Believe it or not, he does that and is so happy with that decision of his. It simplifies things, he doesn’t have to make a choice that people struggle with daily and can thus focus more on turning his creative ideas into successful businesses.

It’s one thing less to think about in the morning, or every time you go out. So he made an automated decision and thus saved time and worries.

He’s busy, he’s doing important stuff. And clothes are just a distraction. People often spend too much time thinking about that, or choosing what to buy, or discussing other people’s clothes and appearance, etc. He prefers to skip that and be productive instead.

I think everyone can benefit from something like that. It doesn’t have to be the same thing every day, but get rid of the clothes you don’t wear often and instead simplify your life by having a limited choice.

Steve Jobs was always wearing black. That too is a great option. And it never goes out of style.

Related: Lessons We Can Learn from Mark Zuckerberg

3. Richard Branson (Founder of Virgin Group)

“For a successful entrepreneur it can mean extreme wealth. But with extreme wealth comes extreme responsibility. And the responsibility for me is to invest in creating new businesses, create jobs, employ people, and to put money aside to tackle issues where we can make a difference.”

Uncommon habit: Get out there and be part of the process.

He really is a breath of fresh air in the industry, and quite different from the average entrepreneur.

He’s open-minded, has fun doing his job, and has public presence like no one else. His personal brand is one of the strongest out there simply because he cares about his employees and customers, and shows it by talking to them, asking for their opinion, and spending time with them whenever he has the chance, just like a regular person.

He may be in control of around 400 companies, but to this day he cares about his business as much as he did when he was a small business owner. And that makes all the difference.

4. Donald Trump

“Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.”

Uncommon habit: Sleep less.

I’ve realized a long time ago that most people sleep more than they need to.

But if we lead a healthy lifestyle, and sleep well, we need just a few hours of rest to refuel and can be up and running before dawn even if we went to bed late.

That’s how most successful entrepreneurs do it. And it’s not just in today’s world. People like Benjamin Franklin, Winston Churchill, Nikola Tesla and Thomas Edison also slept just a few hours per night.

This way they had more time in a day. But their motivation was their work. They wanted to sleep less in order to work harder on what they believed in.

One such example is Donald Trump. But he’s a hustler to the point where he does it because he doesn’t want to be left behind.

It’s true that competition never sleeps. And in order to get ahead of others, you need to be working while they are sleeping.

Related: The Sleep Patterns of 21 Highly Successful and Productive People

5. Tim Ferriss

“I value self-discipline, but creating systems that make it next to impossible to misbehave is more reliable than self-control.”

Uncommon habit: Hang.

He literally hangs, as a part of his morning routine which I’ve outlined in this post.

It’s good for the spine and is a great way to stretch during breaks while working. It helps with productivity too.

I hope these 5 examples will remind you of how important it is to try new things, find out what works best for you, and seek uncommon solutions to existing problems.

What other uncommon habits like that have you tried or heard of? And what famous entrepreneur do you admire and why?

See also:

A Day in The Life of a CEO
10 Timeless Lessons from Tim Ferriss
5 Best Podcasts for Entrepreneurs

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How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money

How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money - Interview with R.J. Weiss from TheWaystoWealth.com

This is an interview-style post with R.J. Weiss from The Ways to Wealth.

Hey R.J. What’s your background and what do you do?

I blog about all things personal finance at The Ways to Wealth.

Before I went full-time into blogging, I spent ten years in the financial services industry. Specifically, helping families buy the right type of life insurance.

During my time with a full-time job, I’ve always had different side hustles going on. From freelance writing, Amazon FBA, conversion rate optimization, to website design — there were many projects I pursued outside of work.

How did you start your career in finance?

I got started in finance straight out of college working for my the family insurance business. As I love the financial planning side of things, I choose to specialize in life insurance planning. This led me down the path to obtaining the CFP® Certification.

What made you start blogging?

The Ways to Wealth, which I started in 2016, has been my 5th blog.

The others mostly fizzled out most due to a lack of interest. But, in 2009 I started a personal finance blog called GenYWealth.com (no longer around) that had some success.

The idea GenYwealth.com was to write about what I was learning about studying to take the CFP®. The blog was, by all means, a success. I was able to gain valuable knowledge, pass the CFP® exam, earn some extra money and build up a good community.

I then took this knowledge and started a business blog, which allowed the insurance agency I was working for to generate leads.

I started The Ways to Wealth because my passion is personal finance–from investing to travel hacking, I love the challenge of optimizing my finances.

How was The Ways to Wealth born?

I didn’t have much of a plan for starting The Ways to Wealth when I purchased the domain name.

I was actually thinking it would be a niche site, which was inspired by Pat Flynn’s niche site duel. Then, I came across the income reports of Michelle Schroeder-Gardner and wisely changed direction to a more traditional blog.

This change came about 6-months after starting to blog.  I did a timeline of the site in one of my income reports.

What worked best when trying to grow the site?

I had a decent knowledge of SEO. So at first, I started growing the site with email outreach. One of the first posts I had about best investing books of all time, had about 15 links to it.

This was nice to start with but was quite slow to build up, as it can take a while to earn Google’s trust.

The big turning point came when I started to understand Pinterest. I spent a few frustrating weeks on the platform, then it finally started paying dividends.

I went from about 100 sessions a day to 1,000, which was huge for me at the time.

How did you get to 3 million monthly viewers on Pinterest?

the ways to wealth pinterest 3 million monthly views

I lay out my Pinterest strategy here. But at the core the idea is to:

1) Write high-quality content that Pinners want to click through, read, and share.

2) Pin to my own and high-quality group boards, with a keyword-rich description.

3) Continue to Pin my best pins across my own boards/group boards, ruthlessly eliminating Pins that don’t perform well.

One thing to keep in mind is impressions don’t mean much on Pinterest. What counts are clicks to your website. So, you want to design not for impressions but clicks.

What aspects of the online business are you outsourcing or automating and how?

The first thing I outsourced was Pinterest design. I’ll design about 30-40 pins a month, so this was big time saver for me.

Of course, it took some work to get going. At first, I hired 5 or so people on Fiverr. I found one decent designer but the work quality deteriorated over time.

I then went to Upwork and posted a job for a  graphic designer. I found a great team down in Argentina, who I’m very happy with.

I’m currently experimenting with working with a ghostwriter. A few of my latest posts have been transcribed from my recording, with the ghostwriter making sense of it all.

I can compile about 3 posts in 90 minutes, then take another 90 or so minutes to prepare them. Saving me around 3-4 hours per post this way.

What’s your main income stream and why do you think it works for you?

My main source of income for the blog is affiliate revenue. It works because the partners I do have are high-quality businesses, who deliver value and solve real problems. This makes it easy to naturally link to such a partner.

When did you start making more than $10K/month and what was the turning point?

My first month over $10K was in January of 2018. In December of 2017, income was around $3,000 and in July of 2017 around $500. So, it was definitely a jump.

What happened then in January?

First, personal finance is at its peak interest in January.

Second, I had multiple Pins go viral.

Third, in November I started driving traffic via Facebook to the site. So, in January I could take campaigns I’d been fine-tuning for a few weeks and scale them.

How do you balance work and family life?

I have a routine I stick to Monday through Friday.

When inside of my designated working hours, I work. When outside of these hours, I’m not.

This is a lot easier said than done. But the thing important for me is not to take work everywhere I go. This means I don’t have any apps on my phone that are work-related (email, analytics, etc..)

What are you 3 best finance tips for newbies?

  • Focus on your savings rate. How much you save is the most important decision you’ll make.
  • Small incremental improvements add up over time. My favorite example is increasing your savings rate 1% every quarter, means you’ll be saving 20% of your income in just 5 years.
  • Study happiness. Become a student on how to increase your level of happiness. The natural result is you’ll want less overtime, making the game of personal finance a lot easier to win.

What books, blogs or podcasts help you stay motivated along the way of growing an online business?

I read a fair amount to keep fresh ideas in my head.

My favorite podcast is The Tim Ferriss Show.

Two blogs I enjoy reading are:

Farnam Street
Barking up the Wrong Tree

And as far as books. I try to read one a week. A few books I would recommend to online entrepreneurs would be:

Deep Work by Cal Newport
The Compound Effect by Darren Hardy
The Four Hour Work Week by Tim Ferriss

Pin this post if you enjoyed the interview.

Check out my interview with R.J. from TheWaystoWealth to see how he entered the finance niche, started making money blogging, began bringing traffic from Pinterest and monetizing it with affiliate marketing, and is now making $10,000/month from his online business. #blogger #interview #blogtraffic #incomeideas #income