5 Pillars to Entrepreneurial Success

Whether you’re already in business or preparing to start a business, it takes hard work, tenacity, and drive to achieve a high level of success.

According to Elizabeth Wilson of Entrepreneur Magazine, while some 40 million businesses are started each year, a paltry 350,000 break out of the pack and begin growing and making money. So how can a small business owner overcome some of the common business pitfalls?

Author Craig Ballantyne who is a productivity and fitness guru and the inventor of the Turbulence training workout program shared his 5 pillars of success that has changed the lives of more than 500,000 individuals.

These five pillars are the same things that allowed me to overcome anxiety and stress in my own business.

They are:

1. Better planning and preparation than ever before: You can't just say that you want to achieve a goal; it’s essential to put together a detailed plan.

2. Professional accountability: Research shows that when you’re accountable to a professional, you’re going to get expert advice and you’re going to do the work. It has to be a mentor/mentee relationship because a friend or a buddy isn’t going to be a hardass on you. And that’s what you need, you need somebody to draw the hard line.

3. Positive social support: You need to surround yourself with positive people, who are going to pick you up when you’re feeling down. They’re like the cheerleaders, the people alongside the side of the road as you’re running a marathon at mile 25, cheering you on.

4. A meaningful incentive: It’s not money, it’s not stuff that inspires us to take action, but it’s something that we’re doing for somebody else that we love (in most cases).

5. The big deadline: This is the most important pillar of them all because it spurs us to action, helps us overcome the initial inertia, keeps us going through the tough times and shows us a light at the end of the tunnel.

And then as the deadline gets closer and closer, we actually take more and more action, faster and faster action. We get some of the best results as that deadline comes up.

Starting and running a successful business can be a fulfilling and a rewarding experience. You as a small business owner should never stop learning, innovating, planning and growing.

These 5 pillars shared are not just about entrepreneurship; these five pillars can help people do anything! Build businesses, lose weight, make more money, and even find the love of their life. By applying this system to your life, you can achieve any goal.

Leave a comment below and let me know which pillar you would like to take action on first.