I've Coached Many Successful Entrepreneurs — Here are 7 Lessons I've Learned Along the Way

Author, coach, and Entrepreneur contributor Chad Willardson has spent the last several years coaching some of the most successful entrepreneurs from all over the world. He's seen up close what helps them achieve great prosperity while creating a lot of energy and happiness in their work and personal lives.

"The path to success varies widely among those who pursue it, yet a few common practices bind it," he says. Here a seven strategies and principals he's uncovered that universally fuel success.

1. Write your future to achieve it. Research has shown that people who write down their goals are 42% more likely to achieve them than those who don't. Success starts by taking the time to really think about what you want.
2. Elevate your network. Achieving your goals often involves the help of those who are on a similar ambitious track as you are. But you need to go beyond "networking" and really focus on connection. Become genuinely valuable to the people you admire.
3. Prioritize both achievement and rejuvenation. To sustain long-term productivity, it's essential to incorporate periods of relaxation and self-care. Just like weightlifting only becomes effective when you incorporate rest days for your muscles to grow, you need to create space to step away and recover from your work focus.
4. Think long-term with money decisions. Understand the difference between an asset and a liability. Ensure you keep your long-term perspective when making money decisions and avoid the temptation to spend or borrow to obtain what society says you need to have.
5. Stay steady in crisis. Successful leaders' composed demeanor and emotional stability enable them to think, make rational decisions, and find opportunities amidst the chaos. When you see everyone else retreating, stay composed.
6. Seek experienced advisors. When seeking advice, prioritize insights from those who have firsthand experience — that's how you find the depth and authenticity you need. People who seem to know it all are typically advisors you should stay away from. Remember, the best of the best stay curious.
7. Health is wealth. Wealth without health or happiness is meaningless. True wealth encompasses well-being, family, and the ability to enjoy the fruits of your labor.

Read more about Willardson's principals for success here.

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