“Quality is not an act. It is a habit.” — Aristotle

Unlock the traits of successful entrepreneurs – and how to become one

Success is always easy in hindsight. How many times have you said to yourself, “I thought of that years ago? If only I had ________!” Before success can happen, you must fill in that blank space.

Entrepreneurs are recognized by their process and accomplishments, but rarely do they share identical traits, experiences or challenges along their journey. What defines entrepreneur personality traits, in action, is the ability to fuse their unique X-factor with an unforeseen blank space in the marketplace.

WHAT ARE THE COMMON TRAITS OF ENTREPRENEURS?

Though successful business people come in all shapes, sizes, backgrounds and personalities, there are some common traits of an entrepreneur that many of these great innovators share.

1. Passion

As Tony says, the Entrepreneur Playbook “starts with finding something that you are passionate about more than just yourself. An entrepreneur that gets in the business just to make money rarely does.” When you follow your passion, you’re connecting your goal – to start a successful business – back to your ultimate purpose in life, whether that’s to impact your community, achieve financial freedom or have more time to spend with family.

2. Innovation

There are those who are born to lead and think outside the box. These are the people who always seem to have a vision no one else has yet imagined and can either develop the right steps to get them there or find the people who can. These are the people who are natural innovators. They know that if you can deliver more value than anyone else in your industry, you will build a brand and you will dominate.

3. Hunger

These days, the most successful entrepreneurs are not only found in Silicon Valley, nor do they necessarily work in tech, but they do produce products and services that help provide greater meaning to people’s lives. One of the traits of an entrepreneur that makes a difference is hunger. The hunger to succeed destroys your fear of failure by giving you resolve and fastening you to an outcome. When you have the hunger to achieve, nothing will stand in your way.

4. Drive

One of the important qualities of an entrepreneur is finding a way to persevere even when you want to quit. How do you align what people need and want with your own vision? Making a plan is a strong start, but plans change. Develop a purpose and a vision that’s bigger than yourself, then create a map to get you there – this is the essence of drive. When you have a motive greater than money, you’ll put in the work necessary to succeed without complaint.

5. Dedication

You can have all the traits of successful entrepreneurs but still not succeed if you have not dedicated yourself to taking an active approach in creating a visionary business. When you develop a plan for a talkably different company and understand how it will impact people and make the world a better place, you become dedicated to a goal you can visualize and make a reality.

6. Authenticity

Authenticity is one of the most overlooked qualities of an entrepreneur – but it plays a large part in business success. Why? It helps you build deeper relationships with both your clients and your employees, building rapport and increasing your influence. Most customers will smell a lack of authenticity a mile away. Yet the more authentic you get, the more results you will see.

7. Resilience

Tony says that, “The person that keeps getting up is always going to win in the end.” To gain this resilience, you need experience – and failure. The ability to take chances, fail, find the lesson and get back up again is an essential trait of successful entrepreneurs. They are able to draw on a deep belief in themselves to fuel the inner strength that’s required to keep going. Business is a sport for gladiators, not the faint of heart. Are you a gladiator?

8. Persuasiveness

At one point or another, all business owners need to be salespeople, which is why persuasiveness is one of the important entrepreneur personality traits. When you want to convince an executive to carry your new product or get through to someone to make them see your perspective on the market, being able to convince others that your vision is valid is a key to success.

9. Self-awareness

Organizations are only as strong as the psychology of their leaders. You must be aware not only of your strengths, but of your weaknesses, so that you can hire people who are smarter than you. You must know what your skills are and what your partners’ skills are so that you can build a team of rockstars who balance you. Only then can you become an owner, not an operator.

10. Preparation

Winter is always coming. There will always be a reckoning. Most businesses will get scared, and that will be your greatest opportunity if you are prepared. You’ll need more than a plan to get from point A to point B – there are always unknowns in between those points that can derail a traditional business plan. Instead build a holistic business map so that you have a flexible, in-depth plan for many different scenarios. If you can do well during the tough times, you will dominate the good times.

You have a brilliant idea that you just know is the next “big thing.” So you register an LLC, order top-of-the-line business cards, design the perfect website. You even write a 50-page business plan. But months and months go by and you still haven’t made that first dollar.

Sound familiar? It’s the story of thousands of aspiring entrepreneurs who never truly put their ideas into action, and, in turn, never get any further than where they started. In fact, all they really ever achieve is the title: “wantrapreneur.”

What is a wantrapreneur?

A wantrapreneur is anyone who spends their time and money on everything else except creating a real business. They focus on the external factors – the business cards, the logo, the website – which may be necessary components of the business down the line, but none of which will make that first sale.

Real entrepreneurs, in comparison, care about one thing: building a product or service that people want. That doesn’t mean they won’t build the website or worry about marketing; they just aren’t focused on that. The entrepreneurial mind is concerned with addressing pain points, providing real customer value propositions and creating a scalable, profitable and sustainable model.

What is entrepreneurial mindset?

The entrepreneurial mindset is all about turning obstacles into opportunities. Entrepreneurs look at setbacks and mistakes as challenges to improve their skill sets and do better the next time. They know that the end justifies the means and they’re willing to jump in and put all their effort behind their business without fear of criticism or failure.

The entrepreneurial mind focuses on progress

It’s a common misperception amongst wantrapreneurs that merely thinking about an idea means they are doing something constructive about it. But mentally chewing over a to-do list doesn’t get you any further toward your goal. The same thing goes for reading books, learning the jargon and telling everyone and their mother about your “business.”

Those with the entrepreneurial mindset make progress a priority. They strive to take a step forward – no matter how small a step – every single day. Because they know that if they don’t act on their ideas now, someone else eventually will. Even if their website, funding, prototype or product is not yet complete, they know they must take a leap of faith – because no idea is unique until it is executed.

The entrepreneurial mind does not live in fear

Steve Jobs, Walt Disney, Oprah, Tim Ferriss: If you look at most successful people in the world, they’ve failed at some point – and you will, too, if you are going to grow a business. Failure is just an inevitable part of the learning curve. The variable is, what will you do with that reality?

Entrepreneurs respond to risk in starkly different ways than those who never get a business endeavor off the ground. Entrepreneurs do not live their lives in fear. Though they may have worries or anxieties about what they are doing, they don’t let it influence their actions and behaviors. They don’t make excuses – no funding, no resources, too difficult to break through – because they know if they don’t try, they have already failed.

The thought of not giving everything they have to bring their idea to fruition would be the ultimate failure, and this moves them to action, no matter what.

The entrepreneurial mind is resourceful

Those with an entrepreneurial mindset know that they will never have all their ducks in a row – and they don’t care. They understand that the perfect day when the timing is right, the economy is ideal and the market is ready for their idea will never come. Instead of focusing on checking off all the boxes, they take massive action.

Successful entrepreneurs don’t get caught up in or preoccupied with details. They adjust and adapt to the big picture. They do not wait for the funding or additional resources to start up and hit the ground running. They will bootstrap their company, finding ways to get the funds they need. They are scrappy, bringing out their inner ingenuity to find a creative solution to whatever obstacle comes their way. For those with an entrepreneurial mindset, there is no such thing as a dead end; there are only new opportunities for growth.

The entrepreneurial mind perseveres

Steve Jobs once said, “I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”

Building a business is not for the weak. There are extensive moments of doubt and chaos, minimal hard-won successes, countless lessons learned the hard way, crushing amounts of pressure and stress and prolonged periods of struggle and financial instability.

Entrepreneurs have what it takes to weather the storm of a startup. Their hunger to succeed destroys their fear of failure and fuels their drive and dedication.

Entrepreneurs are driven by their passion for their business and are clear about why creating this business is a “must” for them. Their business is an extension of who they are as a person – it’s the encapsulation of their beliefs and values. That gives them the emotional juice to keep them going when the challenges show up. And because they have a big enough “why,” they will figure out a way to make anything happen.

The entrepreneurial mind constantly innovates

Those who have the entrepreneurial mindset are always thinking about what’s next. They know that the market is constantly changing and they are ready to change with it. Entrepreneurs focus on fostering an environment of constant strategic innovation so they can be the disruptors, not the disrupted. They’re willing to take chances on new forms of tech, shift workforce demographics and continue to educate themselves so they can keep their business on the cutting edge.

Those who fail to launch a business are often afraid of change or stuck in their ways. Instead of looking to the future, they get stuck in the present and lack the flexibility needed to pivot.

If any of the above sounds familiar, you likely have the entrepreneurial mindset needed to be successful. If not, don’t lose hope. Entrepreneurs aren’t always born that way. Some develop an entrepreneurial mind after experiencing setbacks or committing to learning about themselves and the changes they need to make to unlock an extraordinary life.

Ask yourself: Are you ready to start making progress part of your daily ritual?

Is the thought of never trying more frightening to you than the potential that you may fail? Is your “why” strong enough to give you the hunger, drive and dedication necessary to get through the challenges?

If the answer is yes, you are already well on your way to developing the entrepreneurial mindset. Make the decision to stop focusing on the minutia and start building your business. Commit yourself to what matters. Dedicate yourself to overcoming the challenges and find any way you can to learn from your failures. Entrepreneurship is not for the weak and it’s not for those with a “good idea.” It’s for the cut above who have no choice but to build their business, because of their passion, their drive and their belief that a life without trying is a life not lived.

CEO lessons from Serena Williams: How to approach your business like a high-performance athlete

1. Develop the mindset of a champion: High performers have clarity of vision, they attack their goals and are committed to preparing for “the game.” A champion studies the strengths and weaknesses of the competition, then develops a game plan that leverages his or her own skills and expertise to bring about the desired outcomes. It also requires effective leadership skills: having a mission or purpose that not only drives you, but inspires others as well. Stepping into that winning mindset— for yourself and for your team — is a must.

2. Execute, adapt and routinely optimize your results: To constantly optimize your business, you must be completely focused and committed to the specific outcomes that will grow your business. Opportunities for maximization can be found in almost every area of the business: lead generation, sales and prospecting, sales conversion, changes to your offers to lead to higher prices or additional upsells, etc. Understanding and measuring your company’s current process and results in each of these areas, anticipating the biggest areas of challenge and then mobilizing your team with a clear plan so you can target specific improvements will have the most impact in the long term.

3. Use the post-game analysis to your advantage: You can’t manage what you don’t measure. Like a player who immediately regroups with their coach to analyze every aspect of their performance and their opponent’s, you must learn from your unique experience and results. Evaluate your successes and failures, and in reliving the game, mentally prepare for the next one.

4. Foster a favorable culture for high performers: As a business leader, you know that high-performance organizations foster successful innovators, thanks to the alignment of several vital forces. Constant innovation, efficient business processes, powerful performance systems, and team competency and behavior all work in harmony inside the world’s top companies. In order to foster a favorable culture for high performers, it is important to focus on these key areas.

Constant innovation means being open to new ideas and always looking for ways to improve your business. This can include researching new technologies, staying up-to-date on industry trends, and being willing to take risks.

Efficient business processes means having systems in place that allow your business to run smoothly. This can include things like streamlined communication, clear roles and responsibilities, and effective project management.

Powerful performance systems refer to the tools and resources that you use to measure and track your business’s performance. This can include things like key performance indicators, analytics, and dashboards.

Team competency and behavior refers to the skills and attitudes of your team members. This includes things like hiring the right people, providing training and development opportunities, and fostering a positive and supportive work environment.

By focusing on these areas, you can create a culture that supports and encourages high performance, which will ultimately lead to better results for your business.

Further exploring

• Couples who start businesses together must have structure and strategy to balance work and personal life.

• Implement a stress management plan to manage stress that comes with starting a business and working with a partner.

• Have daily meetings to address pressing issues and review the day's events.

• Keep the bedroom as a sanctuary and avoid bringing work into the space to preserve intimacy in the relationship.

• Set boundaries and rules for work to avoid overstepping and maintain a healthy work-life balance.

• Prioritize communication and transparency to build trust and prevent misunderstandings.

Keep in mind that you are starting a business, so use your business etiquette. This includes:

• Saying “please” and “thank you”

• Not pointing at your partner with your index finger

• Not interrupting or over-talking each other

  Being mindful of your language

• Not taking personal calls during work sessions

• Giving your undivided attention when your partner is speaking

The text discusses the challenges of starting a business as an independent contractor or freelancer and offers tips on how to manage finances and avoid common pitfalls. The tips include creating an emergency fund, opening a separate business account, budgeting for all necessary expenses, setting aside money for taxes, and staying organized with accounting. The text also stresses the importance of being prepared for unexpected events and having a plan in place to manage stress. Additionally, the text suggest to have a separate space for work and personal life, to keep the intimacy in the relationship.

Explore more

“Quality is not an act. It is a habit.” — Aristotle

Unlock the traits of successful entrepreneurs – and how to become one

Success is always easy in hindsight. How many times have you said to yourself, “I thought of that years ago? If only I had ________!” Before success can happen, you must fill in that blank space.

Entrepreneurs are recognized by their process and accomplishments, but rarely do they share identical traits, experiences or challenges along their journey. What defines entrepreneur personality traits, in action, is the ability to fuse their unique X-factor with an unforeseen blank space in the marketplace.

WHAT ARE THE COMMON TRAITS OF ENTREPRENEURS?

Though successful business people come in all shapes, sizes, backgrounds and personalities, there are some common traits of an entrepreneur that many of these great innovators share.

1. Passion

As Tony says, the Entrepreneur Playbook “starts with finding something that you are passionate about more than just yourself. An entrepreneur that gets in the business just to make money rarely does.” When you follow your passion, you’re connecting your goal – to start a successful business – back to your ultimate purpose in life, whether that’s to impact your community, achieve financial freedom or have more time to spend with family.

2. Innovation

There are those who are born to lead and think outside the box. These are the people who always seem to have a vision no one else has yet imagined and can either develop the right steps to get them there or find the people who can. These are the people who are natural innovators. They know that if you can deliver more value than anyone else in your industry, you will build a brand and you will dominate.

3. Hunger

These days, the most successful entrepreneurs are not only found in Silicon Valley, nor do they necessarily work in tech, but they do produce products and services that help provide greater meaning to people’s lives. One of the traits of an entrepreneur that makes a difference is hunger. The hunger to succeed destroys your fear of failure by giving you resolve and fastening you to an outcome. When you have the hunger to achieve, nothing will stand in your way.

4. Drive

One of the important qualities of an entrepreneur is finding a way to persevere even when you want to quit. How do you align what people need and want with your own vision? Making a plan is a strong start, but plans change. Develop a purpose and a vision that’s bigger than yourself, then create a map to get you there – this is the essence of drive. When you have a motive greater than money, you’ll put in the work necessary to succeed without complaint.

5. Dedication

You can have all the traits of successful entrepreneurs but still not succeed if you have not dedicated yourself to taking an active approach in creating a visionary business. When you develop a plan for a talkably different company and understand how it will impact people and make the world a better place, you become dedicated to a goal you can visualize and make a reality.

6. Authenticity

Authenticity is one of the most overlooked qualities of an entrepreneur – but it plays a large part in business success. Why? It helps you build deeper relationships with both your clients and your employees, building rapport and increasing your influence. Most customers will smell a lack of authenticity a mile away. Yet the more authentic you get, the more results you will see.

7. Resilience

Tony says that, “The person that keeps getting up is always going to win in the end.” To gain this resilience, you need experience – and failure. The ability to take chances, fail, find the lesson and get back up again is an essential trait of successful entrepreneurs. They are able to draw on a deep belief in themselves to fuel the inner strength that’s required to keep going. Business is a sport for gladiators, not the faint of heart. Are you a gladiator?

8. Persuasiveness

At one point or another, all business owners need to be salespeople, which is why persuasiveness is one of the important entrepreneur personality traits. When you want to convince an executive to carry your new product or get through to someone to make them see your perspective on the market, being able to convince others that your vision is valid is a key to success.

9. Self-awareness

Organizations are only as strong as the psychology of their leaders. You must be aware not only of your strengths, but of your weaknesses, so that you can hire people who are smarter than you. You must know what your skills are and what your partners’ skills are so that you can build a team of rockstars who balance you. Only then can you become an owner, not an operator.

10. Preparation

Winter is always coming. There will always be a reckoning. Most businesses will get scared, and that will be your greatest opportunity if you are prepared. You’ll need more than a plan to get from point A to point B – there are always unknowns in between those points that can derail a traditional business plan. Instead build a holistic business map so that you have a flexible, in-depth plan for many different scenarios. If you can do well during the tough times, you will dominate the good times.

You have a brilliant idea that you just know is the next “big thing.” So you register an LLC, order top-of-the-line business cards, design the perfect website. You even write a 50-page business plan. But months and months go by and you still haven’t made that first dollar.

Sound familiar? It’s the story of thousands of aspiring entrepreneurs who never truly put their ideas into action, and, in turn, never get any further than where they started. In fact, all they really ever achieve is the title: “wantrapreneur.”

What is a wantrapreneur?

A wantrapreneur is anyone who spends their time and money on everything else except creating a real business. They focus on the external factors – the business cards, the logo, the website – which may be necessary components of the business down the line, but none of which will make that first sale.

Real entrepreneurs, in comparison, care about one thing: building a product or service that people want. That doesn’t mean they won’t build the website or worry about marketing; they just aren’t focused on that. The entrepreneurial mind is concerned with addressing pain points, providing real customer value propositions and creating a scalable, profitable and sustainable model.

What is entrepreneurial mindset?

The entrepreneurial mindset is all about turning obstacles into opportunities. Entrepreneurs look at setbacks and mistakes as challenges to improve their skill sets and do better the next time. They know that the end justifies the means and they’re willing to jump in and put all their effort behind their business without fear of criticism or failure.

The entrepreneurial mind focuses on progress

It’s a common misperception amongst wantrapreneurs that merely thinking about an idea means they are doing something constructive about it. But mentally chewing over a to-do list doesn’t get you any further toward your goal. The same thing goes for reading books, learning the jargon and telling everyone and their mother about your “business.”

Those with the entrepreneurial mindset make progress a priority. They strive to take a step forward – no matter how small a step – every single day. Because they know that if they don’t act on their ideas now, someone else eventually will. Even if their website, funding, prototype or product is not yet complete, they know they must take a leap of faith – because no idea is unique until it is executed.

The entrepreneurial mind does not live in fear

Steve Jobs, Walt Disney, Oprah, Tim Ferriss: If you look at most successful people in the world, they’ve failed at some point – and you will, too, if you are going to grow a business. Failure is just an inevitable part of the learning curve. The variable is, what will you do with that reality?

Entrepreneurs respond to risk in starkly different ways than those who never get a business endeavor off the ground. Entrepreneurs do not live their lives in fear. Though they may have worries or anxieties about what they are doing, they don’t let it influence their actions and behaviors. They don’t make excuses – no funding, no resources, too difficult to break through – because they know if they don’t try, they have already failed.

The thought of not giving everything they have to bring their idea to fruition would be the ultimate failure, and this moves them to action, no matter what.

The entrepreneurial mind is resourceful

Those with an entrepreneurial mindset know that they will never have all their ducks in a row – and they don’t care. They understand that the perfect day when the timing is right, the economy is ideal and the market is ready for their idea will never come. Instead of focusing on checking off all the boxes, they take massive action.

Successful entrepreneurs don’t get caught up in or preoccupied with details. They adjust and adapt to the big picture. They do not wait for the funding or additional resources to start up and hit the ground running. They will bootstrap their company, finding ways to get the funds they need. They are scrappy, bringing out their inner ingenuity to find a creative solution to whatever obstacle comes their way. For those with an entrepreneurial mindset, there is no such thing as a dead end; there are only new opportunities for growth.

The entrepreneurial mind perseveres

Steve Jobs once said, “I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”

Building a business is not for the weak. There are extensive moments of doubt and chaos, minimal hard-won successes, countless lessons learned the hard way, crushing amounts of pressure and stress and prolonged periods of struggle and financial instability.

Entrepreneurs have what it takes to weather the storm of a startup. Their hunger to succeed destroys their fear of failure and fuels their drive and dedication.

Entrepreneurs are driven by their passion for their business and are clear about why creating this business is a “must” for them. Their business is an extension of who they are as a person – it’s the encapsulation of their beliefs and values. That gives them the emotional juice to keep them going when the challenges show up. And because they have a big enough “why,” they will figure out a way to make anything happen.

The entrepreneurial mind constantly innovates

Those who have the entrepreneurial mindset are always thinking about what’s next. They know that the market is constantly changing and they are ready to change with it. Entrepreneurs focus on fostering an environment of constant strategic innovation so they can be the disruptors, not the disrupted. They’re willing to take chances on new forms of tech, shift workforce demographics and continue to educate themselves so they can keep their business on the cutting edge.

Those who fail to launch a business are often afraid of change or stuck in their ways. Instead of looking to the future, they get stuck in the present and lack the flexibility needed to pivot.

If any of the above sounds familiar, you likely have the entrepreneurial mindset needed to be successful. If not, don’t lose hope. Entrepreneurs aren’t always born that way. Some develop an entrepreneurial mind after experiencing setbacks or committing to learning about themselves and the changes they need to make to unlock an extraordinary life.

Ask yourself: Are you ready to start making progress part of your daily ritual?

Is the thought of never trying more frightening to you than the potential that you may fail? Is your “why” strong enough to give you the hunger, drive and dedication necessary to get through the challenges?

If the answer is yes, you are already well on your way to developing the entrepreneurial mindset. Make the decision to stop focusing on the minutia and start building your business. Commit yourself to what matters. Dedicate yourself to overcoming the challenges and find any way you can to learn from your failures. Entrepreneurship is not for the weak and it’s not for those with a “good idea.” It’s for the cut above who have no choice but to build their business, because of their passion, their drive and their belief that a life without trying is a life not lived.

CEO lessons from Serena Williams: How to approach your business like a high-performance athlete

1. Develop the mindset of a champion: High performers have clarity of vision, they attack their goals and are committed to preparing for “the game.” A champion studies the strengths and weaknesses of the competition, then develops a game plan that leverages his or her own skills and expertise to bring about the desired outcomes. It also requires effective leadership skills: having a mission or purpose that not only drives you, but inspires others as well. Stepping into that winning mindset— for yourself and for your team — is a must.

2. Execute, adapt and routinely optimize your results: To constantly optimize your business, you must be completely focused and committed to the specific outcomes that will grow your business. Opportunities for maximization can be found in almost every area of the business: lead generation, sales and prospecting, sales conversion, changes to your offers to lead to higher prices or additional upsells, etc. Understanding and measuring your company’s current process and results in each of these areas, anticipating the biggest areas of challenge and then mobilizing your team with a clear plan so you can target specific improvements will have the most impact in the long term.

3. Use the post-game analysis to your advantage: You can’t manage what you don’t measure. Like a player who immediately regroups with their coach to analyze every aspect of their performance and their opponent’s, you must learn from your unique experience and results. Evaluate your successes and failures, and in reliving the game, mentally prepare for the next one.

4. Foster a favorable culture for high performers: As a business leader, you know that high-performance organizations foster successful innovators, thanks to the alignment of several vital forces. Constant innovation, efficient business processes, powerful performance systems, and team competency and behavior all work in harmony inside the world’s top companies. In order to foster a favorable culture for high performers, it is important to focus on these key areas.

Constant innovation means being open to new ideas and always looking for ways to improve your business. This can include researching new technologies, staying up-to-date on industry trends, and being willing to take risks.

Efficient business processes means having systems in place that allow your business to run smoothly. This can include things like streamlined communication, clear roles and responsibilities, and effective project management.

Powerful performance systems refer to the tools and resources that you use to measure and track your business’s performance. This can include things like key performance indicators, analytics, and dashboards.

Team competency and behavior refers to the skills and attitudes of your team members. This includes things like hiring the right people, providing training and development opportunities, and fostering a positive and supportive work environment.

By focusing on these areas, you can create a culture that supports and encourages high performance, which will ultimately lead to better results for your business.

Further exploring

• Couples who start businesses together must have structure and strategy to balance work and personal life.

• Implement a stress management plan to manage stress that comes with starting a business and working with a partner.

• Have daily meetings to address pressing issues and review the day's events.

• Keep the bedroom as a sanctuary and avoid bringing work into the space to preserve intimacy in the relationship.

• Set boundaries and rules for work to avoid overstepping and maintain a healthy work-life balance.

• Prioritize communication and transparency to build trust and prevent misunderstandings.

Keep in mind that you are starting a business, so use your business etiquette. This includes:

• Saying “please” and “thank you”

• Not pointing at your partner with your index finger

• Not interrupting or over-talking each other

  Being mindful of your language

• Not taking personal calls during work sessions

• Giving your undivided attention when your partner is speaking

The text discusses the challenges of starting a business as an independent contractor or freelancer and offers tips on how to manage finances and avoid common pitfalls. The tips include creating an emergency fund, opening a separate business account, budgeting for all necessary expenses, setting aside money for taxes, and staying organized with accounting. The text also stresses the importance of being prepared for unexpected events and having a plan in place to manage stress. Additionally, the text suggest to have a separate space for work and personal life, to keep the intimacy in the relationship.

Explore more