Know your niche, work harder than anyone else and execute faster than everyone else does - Habits Of Effective People Series

“Ideas are cheap. Ideas are easy. Ideas are common. Everybody has ideas. Ideas are highly, highly overvalued. Execution is all that matters.”

Casey Neistat

Effective people choose projects and investments with great care. They say no to everything that goes beyond their circle of competence. They choose their niche market and stick to it till they dominate it. They prefer working and investing in products they themselves use. Investor Warren Buffet stays inside his circle of competence by investing only in traditional businesses and staying away from technology companies. You should also find out your area of competence and stick to it for a long time to become wealthy.

Outworking their competitor is a most common habit among Effective people. Effective people work harder and longer than average people do. They love working on their business more than they like sleeping. Few of them take daily sleep of 4-5 hours so that they can work more.