Being in business is a true challenge. You have to hold meetings, execute plans, source funds, manage expenditures, respond to customers, incorporate feedback, and do a whole lot more. Performing these activities would seem demanding especially for new entrepreneurs. As a result, many of them lose momentum and end up abandoning ship. The best entrepreneurs beat this unfortunate trend by building business consistency through a number of habits. Here are five of such habits:

How Entrepreneurs Build Consistency

Continuously Innovating

By constantly building and adding new things to your business, you create a challenging environment that does not only keep your wheels turning but also brings in so much fun. The excitement from new innovations and the prospect associated with them is enough to keep any founder in business for a long time. 

Placing Value on Stakeholders

Sometimes the difference between quitting and forging ahead is that there are some people you don’t want to disappoint. If you value your stakeholders you would likely stay longer in the business. It’s that simple. 

Owners of budding businesses may only have their family and friends backing them. This is a huge thing. It is crucial for founders because new businesses don’t easily get any recognition from the public. Support like this causes entrepreneurs to value their early-stage stakeholders and want to make them proud. 

Once a company has found its foot in a market, its next goal will be to grow and cover lots of ground. Stakeholders love to be around for this. The value entrepreneurs have for this kind of support comes from the fact that it helps the company rake in big profits. 

Aside from placing value on financial contributors, the best entrepreneurs also make a habit of praising their team. These people churn the wheel behind the promising business and so it is fair to say that they deserve a pat on the back. 

Keeping Open Communication Lines

Whether it comes as a suggestion, a review or a complaint, feedback is one tool that could be used to find new paths and ride high waves. This is how consistency in business is achieved.

Receiving feedback starts with leaving an open communication line. It means that your business is easy to find and that it also welcomes both criticism and praise. If you own a new business or startup, you might want to have direct access to every feedback your company receives. This helps eliminate the chances of a secretary or personal assistant waving off an important message thinking that it is irrelevant. 

And while the best entrepreneurs bear in mind that feedback is crucial, they also take the time to review every input and go as far as requesting feedback. They do not wait until customers remember to leave a comment about their service or product. Instead, they make the first move using questionnaires, online surveys, and personal meetings to collect honest, helpful feedback. 

Celebrating the Small Wins

Business growth or development might not come in leaps and bounds so you need to celebrate the small wins and focus on what you have to offer. 

As they say, “tiny drops of water make the mighty ocean.” Similarly, little efforts build up to great achievements and small victories lead to triumph. Many entrepreneurs are keen on putting in the effort and earning as many small victories as they can. However, they do not take the time to celebrate each victory. The problem with this behavior is that the whole team gets worn out pretty quickly. 

By celebrating little wins, you compliment the team for their efforts - whether big or small - and drive them to do more. Take for instance, that your business has a goal of reaching hundred new customers within a month. You may decide to congratulate the most active referrer or perhaps the whole team as you approach a milestone of fifty customers or less. This would easily inspire everyone to do their best. 

Building a Work Work Work Mindset

Assuming your business isn’t going as planned, making consistent efforts - rather than giving up - is what could lead you to a lucky break. 

The truth is that not getting a desired result could be frustrating. It is, perhaps, the biggest reason why many entrepreneurs walk out on their business. But what do you do when results aren’t yet what you expect? The right answer would be that you work even more; you work smarter and harder. Doing this equates to being consistent and it is simply hinged on having your mind set to do so. 

Having a Clear Vision Broken Down Into Meaningful Goals

Before starting a business, the best entrepreneurs usually know what actions they’ll take through the business, and what these actions would be solving. Having the answers to these questions will help form a crystal clear mission for your business. 

A mission gives you a reason to hang on when you are tired and feel like giving up. It brings drive and passion rushing back to you. The most effective way to present your company’s mission is to break it down into meaningful goals, break those goals down into milestones, and then break those milestones into steps that are easy to follow. 

By doing so, the work process becomes simplified since each step feeds into the overall mission. It also becomes easier to share your idea with stakeholders and team members. All of this helps to keep everyone on the same page and creates energy and inspiration towards the company’s mission. 

The Benefits of Building Consistency

The success achieved by serial entrepreneur and billionaire Elon Musk, stands as a vivid representation of the benefits of consistency. 

If there is anyone who does all the things we listed above, then it is him. He expresses a work work work mindset putting in roughly 100 hours of work weekly. He continuously innovates to solve problems and has built companies like PayPal, SpaceX, and Tesla in the process. Finally, he is the kind of entrepreneur that gives a shout out to his team on Twitter. Musk’s work ethic is truly unique and by all means, it is based on his consistency at doing what he does. 

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