Self-Discipline. The first trait that all successful entrepreneurs must possess is self-discipline. Self-discipline is the single most important quality for success in life and business. “Self-discipline is the ability to make yourself do, what you should do, when you should do it, whether you feel like it or not.”
You see, it doesn’t matter how profitable your business idea is, or if the 200 million people in Nigeria chose to buy your product. If you are not disciplined as an entrepreneur, it will take divine intervention to celebrate your business’s 5th anniversary. There are a reasonable number of businesses’ bright future that indiscipline, rather than any other factor, has sent to their early graves. Every employee answers to a boss. Hence, he will have to behave well, or he will be sacked. But an entrepreneur, especially the one running startups with no active shareholders, answers to nobody. If he is not disciplined, he will ruin his business by his own hands. If discipline is a drug and you prescribe a dose for your employee, you need 10 doses yourself.
An entrepreneur needs to be more disciplined with his time, resources (especially money), and even with the management of his staff. Entrepreneurship comes with a level of freedom, but without discipline or self-control, that same freedom will be your greatest undoing.
Unfortunately, you can’t learn discipline from reading books or listening to tapes. It’s not taught in MBA. It’s a habit that you will have to cultivate. You can’t delegate. So, start working on yourself today.