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The Habits of Highly Successful Entrepreneurs

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The Habits of Highly Successful Entrepreneurs

The Habits of Highly Successful Entrepreneurs

Modern entrepreneurs live and work in a fast-paced and frictionless environment that is unlike anything before seen in history.

Through the power of the internet, entrepreneurs have the choice of a variety of platforms and business models, all with almost zero barriers to entry. Today’s startups may take many forms: some are run as side hustles on shoestring budgets, while others may be backed by venture capitalists at multi-million dollar valuations even before a cent of revenue is generated.

While it is true that today’s entrepreneurs must be able to navigate this unique landscape, many of the crucial habits adopted by the world’s highly successful entrepreneurs are actually quite timeless and applicable to most situations – and anyone can take them up as long as they are committed to results.

What Habits do Highly Successful Entrepreneurs have?

Today’s infographic from MBAnoGMAT.com highlights the fruitful habits that many generations of business leaders have relied upon time and time again.

“Get the Most Out of Each Day”
Time is a precious resource – and people like Ben Franklin or Elon Musk have previously built their schedules to maximize the amount of productivity they get out of each day. Franklin had a 13-week self-improvement plan, in which he focused in on one specific “virtue” that he valued each week. Meanwhile, Musk schedules his days in five minute intervals to minimize wasted time.

“Look to Learn”
With zero barriers to information, you now have access to more words of wisdom than anyone throughout history. Warren Buffett, Bill Gates, and Oprah Winfrey understand this – and they make reading and acquiring new knowledge a central part of their self-enrichment strategy.

Buffett, who is known for his voracious reading habit, says reading is like compound interest:

Read 500 pages…every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.

“Stay Fresh With Exercise”
Richard Branson wakes up at 5 A.M. every morning to kite surf, swim, or play tennis. Why? He claims this gives him an extra four hours of productivity each day.

Go too long without an exercise routine, and you may find your ideas running on fumes.

“Possess a Strong Mindset”
According to many of the world’s highly successful entrepreneurs, the biggest barrier to success is psychological. About 80% of businesses crash and burn in their first 18 months, but many of the entrepreneurs on the other side of that statistic are the ones who simply refused to give up.

It takes time to build a reputation and a brand, and sometimes the fruits of these labors do not show up as fast as an entrepreneur would like. Self-starters who stay mentally strong will come out of this process, which always takes longer than expected, with a better shot at success.

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Visualizing the Top U.S. States for AI Jobs

Nearly 800,000 AI jobs were posted in the U.S. throughout 2022. View this graphic to see a breakdown by state.

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Visualizing the Top U.S. States for AI Jobs

Much ink has been spilled over fears that artificial intelligence (AI) will eliminate jobs in the economy. While some of those fears may be well-founded, red-hot interest in AI innovation is creating new jobs as well.

This graphic visualizes data from Lightcast, a labor market analytics firm, which shows how many AI-related jobs were posted in each state throughout 2022.

In total there were 795,624 AI jobs posted throughout the year, of which 469,925 (59%) were in the top 10. The full tally is included in the table below.

RankStateNumber of job postings% of total
1California142,15417.9%
2Texas66,6248.4%
3New York43,8995.5%
4Massachusetts34,6034.3%
5Virginia34,2214.3%
6Florida33,5854.2%
7Illinois31,5694.0%
8Washington31,2843.9%
9Georgia26,6203.3%
10Michigan25,3663.2%
11North Carolina23,8543.0%
12New Jersey23,4472.9%
13Colorado20,4212.6%
14Pennsylvania20,3972.6%
15Arizona19,5142.5%
16Ohio19,2082.4%
17Maryland16,7692.1%
18Minnesota11,8081.5%
19Tennessee11,1731.4%
20Missouri10,9901.4%
21Oregon10,8111.4%
22Washington, D.C.9,6061.2%
23Indiana9,2471.2%
24Connecticut8,9601.1%
25Wisconsin8,8791.1%
26Alabama7,8661.0%
27Kansas7,6831.0%
28Arkansas7,2470.9%
29Utah6,8850.9%
30Nevada6,8130.9%
31Idaho6,1090.8%
32Oklahoma5,7190.7%
33Iowa5,6700.7%
34South Carolina4,9280.6%
35Louisiana4,8060.6%
36Kentucky4,5360.6%
37Nebraska4,0320.5%
38Delaware3,5030.4%
39New Mexico3,3570.4%
40Rhode Island2,9650.4%
41New Hampshire2,7190.3%
42Hawaii2,5500.3%
43Mississippi2,5480.3%
44Maine2,2270.3%
45South Dakota2,1950.3%
46Vermont1,5710.2%
47North Dakota1,2270.2%
48Alaska9700.1%
49West Virginia8870.1%
50Montana8330.1%
51Wyoming7690.1%

The following chart adds some context to these numbers. It shows how the percentage of AI job postings in some of the top states has changed since 2010.

We can see that California quickly became the primary destination for AI jobs in the early 2010s, presumably as Silicon Valley companies began developing the technology.

California’s share has since declined, with a significant number of jobs seemingly moving to Texas. In fact, many tech companies are relocating to Texas to avoid California’s relatively higher taxes and cost of living.

The 10 Most In-Demand Specialized Skills

Lightcast also captured the top 10 specialized skills that were required for AI-related jobs. These are listed in the table below.

SkillFrequency (number of postings)Frequency (% of postings)
Python296,66237%
Computer Science260,33333%
SQL185,80723%
Data Analysis159,80120%
Data Science157,85520%
Amazon Web Services155,61519%
Agile Methodology152,96519%
Automation138,79117%
Java133,85617%
Software Engineering133,28617%

If you’re interested in a career that focuses on AI, becoming proficient in Python is likely to be a good first step.

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