Kickstart To 2024: Small-Tech Business Owner Shares 9 Habits That Lead To Entrepreneurial Success

As the world of tech consulting gets faster every day, giants dominate the landscape, one small firm is making waves by thriving for over two decades. A founder of a modest ten-person tech consulting business, reveals the nine habits that have been the bedrock of his success as he prepares to tackle 2024 head-on.

1. Be An Early Bird
He credits his productivity secret to starting the day at 5 am. During these early morning hours, he navigates a quiet and undisturbed environment to focus on strategic thinking and productive tasks, ensuring a head start in the competitive business world.

2. Crunching Numbers
As a certified public accountant, he emphasizes the pivotal role of numbers in business. His best clients, he notes, closely monitor sales, cash flow, and job costs. By staying intimately connected with the math of his business, he ensures that his financial health remains robust.

3. Face-to-Face Meeting Over Virtual
In an era of virtual meetings, he remains a proponent of in-person connections. He believes that meeting clients face to face not only closes more deals but also fosters long-term relationships. Despite the convenience of online interactions, he values the human touch in the business world.

4. Reading and Listening for Success
He advocates for a diverse learning approach. While he cherishes fiction for its escape and insights into human behaviour, he also delves into business, history, and biography books. As a multi-tasker, he consumes knowledge through podcasts during walks and drives, keeping up with the latest in business and technology.

5. Physical Wellness Is The Catch
The small business owner underscores the importance of physical well-being by incorporating regular exercise, primarily playing squash two to three times a week. Recognizing the link between physical activity, mental balance, and prolonged productivity, He ensures that exercise remains a priority in his hectic schedule.

6. Staying Ahead of the Tech Curve
He anticipates that 2024 will be the year of AI dominance in his tech strategy. Immersing himself in the world of artificial intelligence, he explores AI tools to enhance productivity within his CRM and accounting software. He predicts that AI will be as transformative as the introduction of mobile devices fifteen years ago.

7. Valuing and Prioritizing Relationships
With a small team of ten, he stresses the importance of people in his business. Regular communication, fair compensation, and addressing concerns are key elements of his management style. The entrepreneur attributes his business's success to the loyalty of his team and aims to maintain a positive work environment.

8. Tax Planning
Despite being a CPA, he acknowledges his limitations and wisely seeks professional help for tax planning. Recognizing the shifting tax landscape, he plans to minimize tax liabilities and navigate potential changes in the tax rules after 2025, post the expiration of the 2017 Tax and Jobs Act provisions.

9. Family Remains Crucial
He emphasizes the critical role of family, friends, neighbours, and the community in his entrepreneurial journey. They serve as advisors, critics, and a much-needed support system, contributing to the overall success of the business.

He acknowledges that following these nine habits doesn't guarantee billionaire status. Still, he attests that these practices have been the cornerstone of his business's success over the past two decades. As he gears up for 2024, he encourages aspiring entrepreneurs to consider incorporating these habits into their routines.