3 Occasions Where Patience Is Key There are those people that can't seem to wait for anything, and on the surface, seem to get an insane amount done. But there's a hidden strategy below the surface.

By Adam Callinan Edited by Jason Fell

Opinions expressed by Entrepreneur contributors are their own.

Pixabay

Everyone can be impatient from time to time -- it's part of human nature. But there are those people that can't seem to wait for anything, and on the surface, seem to get an insane amount done. The reality, though, is that if you dig deeper into the minds and actions of these overly successful grinders, there is going to be a very calculated practice of patience buried in their ways.

Let's look at a handful of times when patience becomes key.

1. When looking for new opportunities

As entrepreneurs we think that opportunity can be found anywhere, and as we get more adept at awareness, they seem to come out of the woodwork constantly. The problem with this, commonly referred to as "shiny object syndrome," is that it's tempting to chase each opportunity that comes our way. But that's devastating -- the more you split up your time, the less you'll be able to focus on each opportunity.

Related: 15 Traits of Emotionally Wealthy People

It's exceptionally important that you take your time, be patient and choose the right opportunity to pursue because regardless of what you pick, you're going to be spending an insane amount of time doing it.

2. While developing your team

Sure, some people learn faster than others, but when helping your people to develop and advance inside your organization, it's considerably more beneficial for them to learn on their own, through experiential situations, than to learn from training manuals or from you just telling them the answers.

Yes, there are some things that aren't worth the time required to create experiential learning opportunities (such as how to log into the admin system or clock in and out), but setting the basic or minimum job duties aside, you'll have a lot more success by answering questions with questions that lead them down a path to discovering the answer on their own -- commonly referred to a the Socratic teaching method -- which I assure you requires some patience. Think of it more like an investment.

Related: The 3 Traits Marathons and Startups Have in Common

3. When building relationships

Far too often you'll have a conversation with someone you've just met, and in the first 30 seconds, the dreaded question comes out, "So, what do you do?" This is one of the worst ways to get to know someone new, and just screams "I'm only interested in getting something of value from you."

The truth is that the age-old adage, "it's not what you know, it's who you know" is absolutely valid and the only way you're going to create a network that allows you to accomplish amazing things in a shorter period of time is by being patient and building lasting relationships with others that have been more successful than you. It's really that simple and the second that you become impatient and make an "ask" too early -- before you have a real relationship -- you've blown it.

Related: To Achieve Your Best Results, Put on Blinders

Adam Callinan

Entrepreneur and Venture Investor

Adam Callinan is a founder at BottleKeeper, the fast-paced and sarcasm-infused solution to the warm beer and broken bottle epidemics that have plagued the world for centuries. Callinan is also a founding partner at Beachwood Ventures, a Los Angeles-based early-stage and non-traditional venture-capital firm at the intersection of technology and entertainment. As an entrepreneur, Callinan has spent over a decade building small businesses in and around technology, medical devices and consumer products, which most recently includes an exit in 2013. Callinan lives in Manhattan Beach with his wife Katie.

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

Making a Change

Expand Your Global Reach with Access to More Than 150 Languages for Life

Unlock global markets with this language-learning platform.

Business News

A Government Shutdown Could Cost the U.S. Economy $6 Billion a Week, According to EY's Chief Economist

Experts from EY tell Entrepreneur that a government shutdown could leave "a visible mark" on the economy.

Business Ideas

Is Your Business Healthy? Why Every Entrepreneur Needs To Do These 3 Checkups Every Year

You can't plan for the new year until you complete these checkups.

Leadership

The End of Bureaucracy — How Leadership Must Evolve in the Age of Artificial Intelligence

What if bureaucracy, the very system designed to maintain order, is now the greatest obstacle to progress?

Business News

'We're Not Allowed to Own Bitcoin': Crypto Price Drops After U.S. Federal Reserve Head Makes Surprising Statement

Fed Chair Jerome Powell's comments on Bitcoin and rate cuts have rattled cryptocurrency investors.

Franchise

KFC Is Launching a Chicken Tenders-Focused Concept Called Saucy — Here's When and Where It Opens

The chicken chain is making a strategic pivot towards the growing demand for customizable, sauce-heavy meals.