Black Friday Sale! 50% Off All Access

4 Actions You Can Take Right Now to Improve Your Prospects in Life and Business Success is all about realizing the importance of taking action now, even when you know it might be years before a smart move pays off.

By Timothy Sykes Edited by Dan Bova

Entrepreneur+ Black Friday Sale

Our biggest sale — Get unlimited access to Entrepreneur.com at an unbeatable price. Use code SAVE50 at checkout.*

Claim Offer

*Offer only available to new subscribers

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock.com

It's true that entrepreneurship is a long game. Getting rich is not the hard part. Staying rich is. We live in a world of instant gratification but there are things you can do right now to better both yourself and your business. Here are five things you can do right now to get better.

1. Write down short-term and long-term goals.

Everyone needs goals so they have a firm direction. Write down your goals for the next year, the next five years and for the next couple of decades. It takes time to tick them off, but by writing them down you're in a better position to achieve them. It sounds silly, but all successful entrepreneurs do this for a reason -- it works.

Remember to look back on them and update them as your situation changes. You never know what's around the corner.

Related: 7 Productivity Tips to Help You Accomplish Your Biggest Goals

2. Get passionate but spend nothing.

Look up new activities that you can try in your area for a small amount of money. This could be a free concert, free class or just a cheap movie. Participate in different activities so you can find out what you might love. Rotate subjects and see what you can get passionate about.

Passion is essential to entrepreneurship, so that's why I spend so much time exploring new activities.

Related: 7 Hobbies Science Says Will Make You Smarter

3. Get out to talk with new people.

Tour some of your local hangout spots and start talking to people. Make some friends and make some connections. Yes, you might find a new business associate, but you will also broaden your perspective of the world we live in. You'll come across new attitudes, including some you don't agree with.

You'll become better at dealing with and handling people.

Related: 5 Strategies for Communicating When You Don't Even Like to Talk

4. Get active on social media.

Social media is the world's forum. You'll meet people from all over the world, and you'll be able to boost your brand in the process. Grow your social media accounts and share your thoughts and images from your life. My Timothy Sykes Instagram page is an example of what I do to grow my brand and increase my connections.

To get more help on this you should check out my Wolf Millionaire guide. It's helped me make thousands from Instagram alone.

These four little additiions to your daily life are lifestyle changes that improve your prospects. You might not see exactly how they help you right now, but when you're successful you'll appreciate the role they played.

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.

Business News

The Two Richest People in the World Are Fighting on Social Media Again

Jeff Bezos and Elon Musk had a new, contentious exchange on X.

Science & Technology

I've Spent 20 Years Studying Focus. Here's How I Use AI to Multiply My Time and Save 21 Weeks of Work a Year

AI is supposed to save time, but 77% of employees say it often costs more time due to all the editing it requires. Instead of helping, it can become a distraction. But don't worry — there's a better way.

Real Estate

Why Real Estate Professionals Should Prioritize Social Responsibility

Integrating social responsibility into real estate can foster community change, build trust and drive long-term business success.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Leadership

Here's the One Trait You Need to Be a Successful Entrepreneur

Entrepreneurs are often lauded as being risk-takers. But there's a distinction between being a risk-taker and being brave — and only the latter is necessary for entrepreneurs.

Business News

Barbara Corcoran Says This Is the Interest Rate Magic Number That Will Make the Market 'Go Ballistic'

Corcoran said she praying for lower interest rates and people are "tired of waiting."