7 Qualities You Need To Build A 6 or 7-Figure Business

When I got into entrepreneurship and started building my own business, there was one principle I quickly adopted: my business would not be a burden to me or my life.

My business is a part of my life, not the whole thing.

I knew I didn’t want to be the entrepreneur who was ALL about business.

I still wanted time for my health and fitness, to be calm and peaceful and to enjoy my life.

As I’ve been growing my business and connecting with other online business owners, I see this being a reality for me.

Having a business that complements my lifestyle.

I’ve studied entrepreneurs who have multi-6-figure to multi-7-figure businesses and identified 7 qualities that I believe have gotten them where they are.

1. Have A Compelling Vision.

Your vision of the future is the most powerful asset you have.

Your vision of your ideal future is what will carry you through tough times.

It will allow you to welcome and be grateful for setbacks.

You need a clear vision of where you’re going so you don’t get lost in the weeds and trivial moments of day-to-day living.

Your vision shapes you into the person you want to be.

It pulls you back on the right path when you get lost or experience failure. This also means you can enjoy your life without underlying worry and anxiety about where you’re going or what you’re doing with your life.

2. Don’t Take On Too Much.

It’s easy to write out the longest to-do list and overwhelm yourself. This leads many entrepreneurs to burnout, frustration and exhaustion.

Remember the golden rule: less is more.

Find the 1 - 3 things you can do daily and make them non-negotiables.

You do these tasks when you have the most energy, focus and time.

These can be anything: from tasks in your business, to your health or something in your relationships.

These tasks are the priority.

So when your head hits the pillow at night and all you did was these 1 - 3 tasks, you can sleep knowing you are successful because you did the things that would move the needle the most.

3. Holistic Thinking.

Really successful people think of their lives in systems and holistically.

No area is isolated. It fits into the bigger picture.

So they create systems that bring everything together.

For example, let’s look at health.

Instead of looking at your health as a separate thing to work on, you can connect it to your business.

In improving your health, you improve your energy, mental clarity and performance and all these aid in growing your business.

You’re not just exercising or prioritising your nutrition to get in shape, but in getting in shape, you are also growing your business.

And in growing your business — increasing your income — you have more money to buy higher quality food, water or supplements, thus improving your health.

So everything you do is linked and feeds positively into another area of your life.

Separating your life into different, singular areas creates more friction and mental clutter, instead, look for how you can connect things.

How what you do in this area affects that area AND your business and vice versa.

4. Your Business Should Complement Your Life.

From the beginning of my entrepreneurship journey, I knew I wanted a business that works with my life.

This is the philosophy that I’ve always had getting into entrepreneurship.

Sure, it needs time, energy and commitment like anything in your life.

But when one area of your life is all you focus on, everything is thrown out of balance and everything, even your business, suffers.

Create a business that fits INTO your life and adds value, instead of taking away.

5. Take it Seriously.

Following the previous point, just because it’s a part of your life, doesn’t mean you leave it up to chance.

It exists and it has needs, aspirations and desires.

It means working on it with everything you’ve got.

You know the level you want to take your business to, whether it’s massive with over 50 employees or small as a one-person business, you have to invest in it to grow.

So work on it and give it what it requires from you.

6. Set You Cut Off Times.

Many people build businesses to escape their 9-5’s but trade the old 9-5 for another 9-5 or even worse a 9-9.

Again just like a 9-5, you have a life outside your business.

Hustle culture is out.

Holistic living is in.

Enjoy your time, enjoy your weekends, enjoy your life.

Set cut-off times when you stop working and you live your life.

7. Find A Problem Worth Solving.

A huge lesson that I’ve learned in my journey is that money is a surface-level motive for getting into business.

I struggled a lot to make my first sale online and it was because I was so focused on the money.

Some people focus on the money and can grow, but when it’s time to scale, they struggle a lot.

They’ve made the amount of money that covers their basic needs and wants, but with that taken care of, their drive disappears and their business plateaus.

There’s one thing I believe separates the entrepreneurs who plateau and those who scale to insane levels:

Their obsession with a problem to solve.

Those who play the long game and keep playing it with enthusiasm and energy are focused on solving a really big problem.

Whether it’s the problem itself or helping millions of people solve it, that’s their motivation.

And it’s why they keep making money because they provide so much value in the market in pursuit of solving this big problem.

The money is a byproduct.

So if you want to keep playing the long game and grow as a person while growing your business, you need a problem that you really want to solve.

A problem you find joy in solving and want to help more people with.

Let me know which quality you’re going to be working on.

Thanks for reading!

— Shan