4 Habits of Highly Successful Business People Success has infinite manifestations but the same foundation.

By Timothy Sykes Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

Musketeer | Getty Images

Successful entrepreneurs and business people are found in every trade in life and dominate many different industries. But if you take those differences away you will soon discover that all these business people have a few personal things in common that have contributed to their success. By understanding the successful way these people work ,you can apply those lessons to your own life.

Related Video: 21 Things Successful Entrepreneurs Never Worry About

1. Focus on learning, not profits.

I agree that profits are what we all want, but it should never be the focus. Becoming obsessed with profits is one thing, but if you don't know how to get there you're never going to acquire any success. The answer is in learning because this is how you acquire the tools needed to reach your goals.

I take some time away every day to learn something new. I don't worry if I'll reaching my financial goals because the lessons I've learned have laid the foundation.

Related: 3 Lessons About Mental Toughness You Can Learn From Yoda

2. Become a master saver.

Cash flow is the number one reason businesses fail. It's nerve-wracking when, in the past, I've needed to pay for something only to have it nearly drain my whole bank account. It was after that I realized I needed to build up substantial cash reserves and maintain those cash reserves.

After you have that first big success, don't be tempted to just blow it all. Keep a portion of your income back so you can insert it back into your business to promote further growth.

Related: 14 Ways to Save Money When Starting or Growing a Business

3. Be a good listener.

It's easy to get carried away in your own hype. If you close your ears you're missing important lessons and crucial allies. In my article where I describe what a good stock trader is, I mention that one of my students credits his success to listening to me and a variety of other mentors.

That's why I say be a good listener and actively seek out those who know more than you. Find a mentor who can educate you. Soak it all up like a sponge and remember every word.

Related: 6 Ways to Show People You're Really Listening

4. Network as much as possible.

I'm a firm believer that natural talent and knowledge can only take you so far. Ultimately, the way to be successful in business is to know the right people. You may meet someone who can introduce you to a potential client. You may meet someone who turns out to be a supplier. I have unlocked doors that I could never do without someone else's help. And the only way to meet those people is to put yourself out there both online and offline.

Use social media platforms, like LinkedIn, to link up with new faces and reconnect with old ones. Keep the most important relationships strong and they can be a big help to you in business.

Last word: Becoming a success in business.

These four lessons demonstrate how to be successful in any industry. Yes, there are other important factors, but ultimately these are the four principles that I believe make a good businessperson.

Timothy Sykes

Entrepreneur and Penny Stock Expert

Timothy Sykes is an entrepreneur and a penny stock expert, trader and advocate. He has been featured on CNN, Fox News, CNBC and more. Watch his media appearances and speeches on Youtube here.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

How to Build Endless Passive Income With This Simple Online Hustle

Autopilot stores aren't just income streams. They are passports to freedom, flexibility and finally working and living on your own terms.

Side Hustle

This 29-Year-Old's Side Hustle Brought People 'to the Dark Green Side.' It Made $10,000 Within 2 Days and Sees 6 Figures a Month.

Nikki Seaman began work on her business when the pandemic led to grocery store shutdowns.

Business News

ChatGPT's New Update Can Create PowerPoint Presentations and Excel Spreadsheets for You

The new AI agent can generate Google Sheets and slide decks, making it a powerful new office tool.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Health & Wellness

This Is the Newest Real Estate Trend You Can't Miss — and It's Worth $438 Billion

A rapidly emerging new trend is sweeping the global real estate sector, powered by humanity's collective desire for longer lives and healthier lifestyles. Here's what entrepreneurs should pay attention to to capture the new market.

Business News

Here's How the CEO of the Biggest Bank in the U.S. Spends His Downtime: 'This Gives Me Purpose in Life'

JPMorgan CEO Jamie Dimon, 69, recently said that his top three priorities are his family, his country, and his purpose, which is working at the bank — in that order.